Analizy Online (WAR:AOL) Net-Net Working Capital: zł1.99 (As of Mar. 2026)

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WAR:AOL Analizy Online SA WAR:AOL
81 GF Score
Price zł28.80
GF Value zł24.91
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Analizy Online Net-Net Working Capital?

Analizy Online WAR:AOL 81 Net-Net Working Capital is zł1.99 as of Mar. 2026. GuruFocus rates WAR:AOL with a GF Score™ of 81/100 and a GF Value™ of zł24.91 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 485 Asset Management companies, Analizy Online ranks worse than 65.77% on this metric.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Analizy Online's Net-Net Working Capital for the quarter that ended in Mar. 2026 was zł1.99.

The industry rank for Analizy Online's Net-Net Working Capital or its related term are showing as below:

WAR:AOL's Price-to-Net-Net-Working-Capital is ranked worse than
65.77% of 485 companies
in the Asset Management industry
Industry Median: 6.55 vs WAR:AOL: 14.47

Analizy Online  (WAR:AOL) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Analizy Online Net-Net Working Capital Related Terms


Analizy Online Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Analizy Online's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Analizy Online Net-Net Working Capital Chart

Analizy Online Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.99 1.12 1.27 1.45 1.59

Analizy Online Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.81 0.53 0.76 1.59 1.99

WAR:AOL vs BLK, BX, KKR: Net-Net Working Capital Comparison

For the Asset Management subindustry, Analizy Online's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Analizy Online Price-to-Net-Net-Working-Capital vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Analizy Online's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Analizy Online's Price-to-Net-Net-Working-Capital falls into.


WAR:AOL
81GF Score
Analizy Online SA WAR:AOL
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Analizy Online Net-Net Working Capital Calculation

Analizy Online's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.573+0.75 * 1.016+0.5 * 0-1.389
-0-0)/1.224
=1.59

Analizy Online's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2026 is calculated as

Net-Net Working Capital(Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.566+0.75 * 1.269+0.5 * 0-1.087
-0-0)/1.224
=1.99

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.

What does a Net-Net Working Capital of zł1.99 mean?
Analizy Online (WAR:AOL) has a Net-Net Working Capital of zł1.99 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Analizy Online According to the industry distribution chart, Analizy Online ranks #319 out of 485 companies in the Asset Management industry, placing it in the top 65.8%.
Is Analizy Online's Net-Net Working Capital too high?
Analizy Online's current Net-Net Working Capital is zł1.99. Based on the distribution chart, Analizy Online ranks #319 out of 485 companies in the Asset Management industry, which is below the industry midpoint. Overall, Analizy Online has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Analizy Online's Net-Net Working Capital compare to BLK and BX?
According to the Asset Management industry distribution chart, Analizy Online ranks #319 out of 485 companies for Net-Net Working Capital. This places Analizy Online in the lower half of its industry. The industry median Net-Net Working Capital is 6.55. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for an Asset Management company?
The median Net-Net Working Capital among Asset Management companies is 6.55, based on 485 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Analizy Online For the Asset Management industry, the median Net-Net Working Capital is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Analizy Online's current Net-Net Working Capital is zł1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Analizy Online stock overvalued right now?
Based on GuruFocus' analysis, Analizy Online (WAR:AOL) is currently considered Modestly Overvalued. The stock's GF Value™ is zł24.91, compared to a current price of zł28.80 — trading 15.6% above its estimated fair value. The current Net-Net Working Capital is zł1.99. Analizy Online's overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Analizy Online (WAR:AOL), the current Net-Net Working Capital is zł1.99 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Analizy Online (WAR:AOL) Overvalued in 2026?

Based on GuruFocus' analysis, Analizy Online stock appears to be overvalued. The current stock price of zł28.80 is trading 15.6% above its estimated GF Value™ of zł24.91. GuruFocus considers Analizy Online to be Modestly Overvalued.

Key valuation signals for WAR:AOL:

  • Net-Net Working Capital: zł1.99
  • GF Value™: zł24.91 vs. price of zł28.80 (15.6% above fair value)
  • GF Score™: 81/100 with 5 warning signs

No single metric tells the full story. See the WAR:AOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Analizy Online Business Description

Address ul. Skierniewicka 10A, Warsaw, POL, 01-230
Analizy Online SA is a Poland-based company that operates as a specialized, independent analytical firm that continuously monitors and thoroughly analyzes the situation in specific areas of the capital market. The company's core business is creating and providing information services and data for capital market institutions and related entities. It also develops software, including solutions that meet regulatory requirements, support or complement the sale of financial products, and enable monitoring and detailed analysis of numerous areas of the collective investment market.
81GF Score

Get the complete analysis for WAR:AOL

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł28.80
Price
zł24.91
GF Value