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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.
BSP:RBRS11's Price-to-Net-Net-Working-Capital is ranked better than 56.36% of 110
companies
in the REITs industry
Industry Median: 16.655
vs BSP:RBRS11: 11.39
Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario (BSP:RBRS11) 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.
Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario Net-Net Working Capital Related Terms
Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario 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.
Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario Net-Net Working Capital Chart
Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario Annual Data
* 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.
Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario Price-to-Net-Net-Working-Capital vs REITs Industry
* 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 R$3.66 mean?
Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario (BSP:RBRS11) has a Net-Net Working Capital of R$3.66 as of Dec. 2025. 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 Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario According to the industry distribution chart, Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario ranks #48 out of 110 companies in the REITs industry, placing it in the top 43.6%.
Is Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario's Net-Net Working Capital too high?
Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario's current Net-Net Working Capital is R$3.66. Based on the distribution chart, Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario ranks #48 out of 110 companies in the REITs industry, which is above the industry midpoint. Overall, Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario's Net-Net Working Capital compare to VMRK and EQR?
According to the REITs industry distribution chart, Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario ranks #48 out of 110 companies for Net-Net Working Capital. This puts Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario in the upper half of its industry. The industry median Net-Net Working Capital is 16.66. 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 REITs company?
The median Net-Net Working Capital among REITs companies is 16.66, based on 110 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 Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario For the REITs industry, the median Net-Net Working Capital is 16.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario's current Net-Net Working Capital is R$3.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario (BSP:RBRS11) is currently considered Significantly Undervalued. The stock's GF Value™ is R$69.02, compared to a current price of R$41.68 — trading 39.6% below its estimated fair value. The current Net-Net Working Capital is R$3.66. Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario's overall GF Score™ is 65/100 with 2 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 Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario (BSP:RBRS11), the current Net-Net Working Capital is R$3.66 as of Dec. 2025. 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 Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario (BSP:RBRS11) Overvalued in 2026?
Based on GuruFocus' analysis, Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario stock appears to be undervalued.
The current stock price of R$41.68 is trading 39.6% below its estimated GF Value™ of R$69.02.
GuruFocus considers Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario to be Significantly Undervalued.
Key valuation signals for BSP:RBRS11:
Net-Net Working Capital: R$3.66
GF Value™: R$69.02 vs. price of R$41.68 (39.6% below fair value)
No single metric tells the full story. See the BSP:RBRS11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rio Bravo Renda Residencial Fundo DE Investimentos Imobiliario operates as a real estate investment fund. The company investment objective is to earn income from income and sale of real estate assets predominantly for residential use, located within the main urban centers with high density; close to universities, shopping centers and public transport; and high liquidity according to current consumption patterns.
65GF Score
Get the complete analysis for BSP:RBRS11
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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