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.
Eurocastle Investment's Net-Net Working Capital for the quarter that ended in Dec. 2025 was €13.69.
The industry rank for Eurocastle Investment's Net-Net Working Capital or its related term are showing as below:
CHIX:ECTa's Price-to-Net-Net-Working-Capital is ranked better than 86.79% of 492
companies
in the Asset Management industry
Industry Median: 6.38
vs CHIX:ECTa: 1.01
Eurocastle Investment (CHIX:ECTa) 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.
Eurocastle Investment Net-Net Working Capital Related Terms
Eurocastle Investment Net-Net Working Capital Historical Data
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The historical data trend for Eurocastle Investment'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.
Eurocastle Investment Net-Net Working Capital Chart
CHIX:ECTA vs BLK, BX, KKR: Net-Net Working Capital Comparison
For the Asset Management subindustry, Eurocastle Investment'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.
Eurocastle Investment Price-to-Net-Net-Working-Capital vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Eurocastle Investment's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Eurocastle Investment'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 €13.69 mean?
Eurocastle Investment (CHIX:ECTA) has a Net-Net Working Capital of €13.69 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 Eurocastle Investment According to the industry distribution chart, Eurocastle Investment ranks #65 out of 492 companies in the Asset Management industry, placing it in the top 13.2%.
Is Eurocastle Investment's Net-Net Working Capital too high?
Eurocastle Investment's current Net-Net Working Capital is €13.69. Based on the distribution chart, Eurocastle Investment ranks #65 out of 492 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Eurocastle Investment has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Eurocastle Investment's Net-Net Working Capital compare to BLK and BX?
According to the Asset Management industry distribution chart, Eurocastle Investment ranks #65 out of 492 companies for Net-Net Working Capital. This places Eurocastle Investment in the top 13% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.38. 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 6.38, based on 492 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 Eurocastle Investment For the Asset Management industry, the median Net-Net Working Capital is 6.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eurocastle Investment's current Net-Net Working Capital is €13.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eurocastle Investment stock overvalued right now?
Eurocastle Investment (CHIX:ECTA) has a current Net-Net Working Capital of €13.69. The stock's GF Value™ is €2.75, compared to a current price of €8.20 — trading 198.2% above its estimated fair value. The current Net-Net Working Capital is €13.69. Eurocastle Investment's overall GF Score™ is 47/100 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 Eurocastle Investment (CHIX:ECTA), the current Net-Net Working Capital is €13.69 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 Eurocastle Investment (CHIX:ECTA) Overvalued in 2026?
Based on GuruFocus' analysis, Eurocastle Investment stock appears to be overvalued.
The current stock price of €8.20 is trading 198.2% above its estimated GF Value™ of €2.75.
Key valuation signals for CHIX:ECTA:
Net-Net Working Capital: €13.69
GF Value™: €2.75 vs. price of €8.20 (198.2% above fair value)
No single metric tells the full story. See the CHIX:ECTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eurocastle Investment Ltd is a publicly traded closed-ended investment company. The company focuses on opportunistic real estate investments in Greece and Southern Europe. The portfolio of the company includes residual interests in two Real Estate Funds in liquidation, with remaining assets comprising Net Corporate Cash for new investments. The company's business segments are categorized into New Investment and Legacy Italian Investments. Geographically, the company operates only in Europe.
47GF Score
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