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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.
Budapest Ingatlan Nyrt's Net-Net Working Capital for the quarter that ended in Dec. 2025 was Ft-27.40.
The industry rank for Budapest Ingatlan Nyrt's Net-Net Working Capital or its related term are showing as below:
BUD:BIF's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 16.39 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Budapest Ingatlan Nyrt (BUD:BIF) 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.
Budapest Ingatlan Nyrt Net-Net Working Capital Related Terms
Budapest Ingatlan Nyrt Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Budapest Ingatlan Nyrt'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.
Budapest Ingatlan Nyrt Net-Net Working Capital Chart
BUD:BIF vs VICI, WPC, BNL: Net-Net Working Capital Comparison
For the REIT - Diversified subindustry, Budapest Ingatlan Nyrt'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.
Budapest Ingatlan Nyrt Price-to-Net-Net-Working-Capital vs REITs Industry
For the REITs industry and Real Estate sector, Budapest Ingatlan Nyrt's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Budapest Ingatlan Nyrt'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 Ft-27.40 mean?
Budapest Ingatlan Nyrt (BUD:BIF) has a Net-Net Working Capital of Ft-27.40 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 Budapest Ingatlan Nyrt According to the industry distribution chart, Budapest Ingatlan Nyrt ranks #999999 out of 110 companies in the REITs industry.
Is Budapest Ingatlan Nyrt's Net-Net Working Capital too high?
Budapest Ingatlan Nyrt's current Net-Net Working Capital is Ft-27.40. Based on the distribution chart, Budapest Ingatlan Nyrt ranks #999999 out of 110 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Budapest Ingatlan Nyrt has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Budapest Ingatlan Nyrt's Net-Net Working Capital compare to VICI and WPC?
According to the REITs industry distribution chart, Budapest Ingatlan Nyrt ranks #999999 out of 110 companies for Net-Net Working Capital. This places Budapest Ingatlan Nyrt in the lower half of its industry. The industry median Net-Net Working Capital is 16.39. 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 16.39, 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 Budapest Ingatlan Nyrt For the REITs industry, the median Net-Net Working Capital is 16.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Budapest Ingatlan Nyrt's current Net-Net Working Capital is Ft-27.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Budapest Ingatlan Nyrt stock overvalued right now?
Based on GuruFocus' analysis, Budapest Ingatlan Nyrt (BUD:BIF) is currently considered Significantly Undervalued. The stock's GF Value™ is Ft584.19, compared to a current price of Ft272.00 — trading 53.4% below its estimated fair value. The current Net-Net Working Capital is Ft-27.40. Budapest Ingatlan Nyrt's overall GF Score™ is 79/100 with 3 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 Budapest Ingatlan Nyrt (BUD:BIF), the current Net-Net Working Capital is Ft-27.40 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 Budapest Ingatlan Nyrt (BUD:BIF) Overvalued in 2026?
Based on GuruFocus' analysis, Budapest Ingatlan Nyrt stock appears to be undervalued.
The current stock price of Ft272.00 is trading 53.4% below its estimated GF Value™ of Ft584.19.
GuruFocus considers Budapest Ingatlan Nyrt to be Significantly Undervalued.
Key valuation signals for BUD:BIF:
Net-Net Working Capital: Ft-27.40
GF Value™: Ft584.19 vs. price of Ft272.00 (53.4% below fair value)
No single metric tells the full story. See the BUD:BIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Budapest Ingatlan Nyrt operates as a real estate investment trust. The company focuses on developing, managing, and operating a diversified real estate portfolio consisting of office buildings, parking garages, construction lots, residential properties, building plots, and hotels. The company's operating business segments are Income-generating investment properties and the Harsanylejto project. A majority of its revenue is generated from the Income-generating investment properties segment, which relates to investment properties owned, leased, and rented out by the company and its subsidiaries. All of the company's occupied income-generating properties are located in Budapest, Hungary.
79GF 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.
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