Appia Rare Earths & UraniumXCNQ:API -2.94%37 Net-Net Working Capital is C$0.01 as of Mar. 2026. GuruFocus rates XCNQ:API with a GF Score™ of 37/100. Among 65 Other Energy Sources companies, Appia Rare Earths & Uranium ranks worse than 76.92% 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.
The industry rank for Appia Rare Earths & Uranium's Net-Net Working Capital or its related term are showing as below:
XCNQ:API's Price-to-Net-Net-Working-Capital is ranked worse than 76.92% of 65
companies
in the Other Energy Sources industry
Industry Median: 7.62
vs XCNQ:API: 16.50
Appia Rare Earths & Uranium (XCNQ:API) 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.
Appia Rare Earths & Uranium Net-Net Working Capital Related Terms
Appia Rare Earths & Uranium Net-Net Working Capital Historical Data
* 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.
Appia Rare Earths & Uranium Net-Net Working Capital Chart
XCNQ:API vs UEC, LEU: Net-Net Working Capital Comparison
For the Uranium subindustry, Appia Rare Earths & Uranium'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.
Appia Rare Earths & Uranium Price-to-Net-Net-Working-Capital vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Appia Rare Earths & Uranium's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Appia Rare Earths & Uranium's Price-to-Net-Net-Working-Capital falls into.
* 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 C$0.01 mean?
Appia Rare Earths & Uranium (XCNQ:API) has a Net-Net Working Capital of C$0.01 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 Appia Rare Earths & Uranium According to the industry distribution chart, Appia Rare Earths & Uranium ranks #50 out of 65 companies in the Other Energy Sources industry, placing it in the top 76.9%.
Is Appia Rare Earths & Uranium's Net-Net Working Capital too high?
Appia Rare Earths & Uranium's current Net-Net Working Capital is C$0.01. Based on the distribution chart, Appia Rare Earths & Uranium ranks #50 out of 65 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Appia Rare Earths & Uranium has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Appia Rare Earths & Uranium's Net-Net Working Capital compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, Appia Rare Earths & Uranium ranks #50 out of 65 companies for Net-Net Working Capital. This places Appia Rare Earths & Uranium in the lower half of its industry. The industry median Net-Net Working Capital is 7.62. 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 Other Energy Sources company?
The median Net-Net Working Capital among Other Energy Sources companies is 7.62, based on 65 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 Appia Rare Earths & Uranium For the Other Energy Sources industry, the median Net-Net Working Capital is 7.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Appia Rare Earths & Uranium's current Net-Net Working Capital is C$0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Appia Rare Earths & Uranium stock overvalued right now?
Appia Rare Earths & Uranium (XCNQ:API) has a current Net-Net Working Capital of C$0.01. The current Net-Net Working Capital is C$0.01. Appia Rare Earths & Uranium's overall GF Score™ is 37/100. 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 Appia Rare Earths & Uranium (XCNQ:API), the current Net-Net Working Capital is C$0.01 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.
Appia Rare Earths & Uranium Corp is a developer of a critical mineral exploration business designed to capitalize on the growing demand for rare earth elements and uranium. The company offers a diverse portfolio of projects in mining-friendly regions, enabling investors to participate in the transition to a greener environment, with potential growth in key industries such as electric vehicles and renewable energy. Its projects are the Alces Lake Saskatchewan Project, the Athabasca Basin Uranium & REE Projects, and the Elliot Lake Uranium & REE Project.
37GF Score
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