One United Properties (BSE:ONE) Net-Net Working Capital: lei-22.64 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSE:ONE One United Properties SA BSE:ONE
91 GF Score
Price lei33.60
GF Value lei25.26
Valuation Significantly Overvalued
! 10 Warning Signs
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What is One United Properties Net-Net Working Capital?

One United Properties BSE:ONE -0.59% 91 Net-Net Working Capital is lei-22.64 as of Jun. 2026. GuruFocus rates BSE:ONE with a GF Score™ of 91/100 and a GF Value™ of lei25.26 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 328 Real Estate companies, One United Properties ranks worse than 304877.74% 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.

One United Properties's Net-Net Working Capital for the quarter that ended in Jun. 2026 was lei-22.64.

The industry rank for One United Properties's Net-Net Working Capital or its related term are showing as below:

BSE:ONE's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.78
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

One United Properties  (BSE:ONE) 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.


One United Properties Net-Net Working Capital Related Terms


One United Properties Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for One United Properties'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.

One United Properties Net-Net Working Capital Chart

One United Properties 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 -32.79 -12.50 -15.52 -13.61 -18.39

One United Properties Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -15.93 -17.24 -18.39 -19.19 -22.64

One United Properties Net-Net Working Capital Competitor Comparison

For the Real Estate - Development subindustry, One United Properties'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.


One United Properties Price-to-Net-Net-Working-Capital vs Real Estate Industry

For the Real Estate industry and Real Estate sector, One United Properties's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where One United Properties's Price-to-Net-Net-Working-Capital falls into.


BSE:ONE
91GF Score
One United Properties SA BSE:ONE
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

One United Properties Net-Net Working Capital Calculation

One United Properties'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)
=(640.738+0.75 * 132.411+0.5 * 1114.127-2790.889
-0-538.862)/110.500
=-18.39

One United Properties's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2026 is calculated as

Net-Net Working Capital(Q: Jun. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(370.994+0.75 * 90.753+0.5 * 1367.838-3078.765
-0-521.981)/109.431
=-22.64

* 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 lei-22.64 mean?
One United Properties (BSE:ONE) has a Net-Net Working Capital of lei-22.64 as of Jun. 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 One United Properties According to the industry distribution chart, One United Properties ranks #999999 out of 328 companies in the Real Estate industry.
Is One United Properties' Net-Net Working Capital too high?
One United Properties' current Net-Net Working Capital is lei-22.64. Based on the distribution chart, One United Properties ranks #999999 out of 328 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, One United Properties has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does One United Properties' Net-Net Working Capital compare to competitors?
According to the Real Estate industry distribution chart, One United Properties ranks #999999 out of 328 companies for Net-Net Working Capital. This places One United Properties in the lower half of its industry. The industry median Net-Net Working Capital is 4.78. 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 a Real Estate company?
The median Net-Net Working Capital among Real Estate companies is 4.78, based on 328 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 One United Properties For the Real Estate industry, the median Net-Net Working Capital is 4.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. One United Properties's current Net-Net Working Capital is lei-22.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is One United Properties stock overvalued right now?
Based on GuruFocus' analysis, One United Properties (BSE:ONE) is currently considered Significantly Overvalued. The stock's GF Value™ is lei25.26, compared to a current price of lei33.60 — trading 33% above its estimated fair value. The current Net-Net Working Capital is lei-22.64. One United Properties' overall GF Score™ is 91/100 with 10 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 One United Properties (BSE:ONE), the current Net-Net Working Capital is lei-22.64 as of Jun. 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 One United Properties (BSE:ONE) Overvalued in 2026?

Based on GuruFocus' analysis, One United Properties stock appears to be overvalued. The current stock price of lei33.60 is trading 33% above its estimated GF Value™ of lei25.26. GuruFocus considers One United Properties to be Significantly Overvalued.

Key valuation signals for BSE:ONE:

  • Net-Net Working Capital: lei-22.64
  • GF Value™: lei25.26 vs. price of lei33.60 (33% above fair value)
  • GF Score™: 91/100 with 10 warning signs

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


One United Properties Business Description

Address 20 Maxim Gorki Street, District 1, Bucharest, ROU
One United Properties SA is the green investor and developer of residential, mixed-use, commercial, and office real estate in Bucharest, Romania. It has several high-end residential projects completed, under construction, and in the medium-term pipeline in Bucharest, such as ONE COTROCENI PARK, ONE VERDI PARK, ONE MIRCEA ELIADE, ONE HERASTRAU TOWERS, among others. The company's reporting segments are residential, office and landbank, and corporate. The company generates key revenue from the Residential segment.
91GF Score

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

lei33.60
Price
lei25.26
GF Value