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Franklin Credit ManagementFCRM Net-Net Working Capital is $-0.49 as of Dec. 2025. The stock has 2 warning signs investors should review. Among 8 Banks companies, Franklin Credit Management ranks worse than 12499987.5% 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.
Franklin Credit Management's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $-0.49.
The industry rank for Franklin Credit Management's Net-Net Working Capital or its related term are showing as below:
FCRM's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 1.755 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Franklin Credit Management (OTCPK:FCRM) 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.
Franklin Credit Management Net-Net Working Capital Related Terms
Franklin Credit Management 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.
Franklin Credit Management Net-Net Working Capital Chart
FCRM vs LFLS, RKT, FNMA: Net-Net Working Capital Comparison
For the Mortgage Finance subindustry, Franklin Credit Management'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.
Franklin Credit Management Price-to-Net-Net-Working-Capital vs Banks Industry
For the Banks industry and Financial Services sector, Franklin Credit Management's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Franklin Credit Management'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 $-0.49 mean?
Franklin Credit Management (FCRM) has a Net-Net Working Capital of $-0.49 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 Franklin Credit Management According to the industry distribution chart, Franklin Credit Management ranks #999999 out of 8 companies in the Banks industry.
Is Franklin Credit Management's Net-Net Working Capital too high?
Franklin Credit Management's current Net-Net Working Capital is $-0.49. Based on the distribution chart, Franklin Credit Management ranks #999999 out of 8 companies in the Banks industry, which is in the bottom quartile relative to peers.
How does Franklin Credit Management's Net-Net Working Capital compare to LFLS and RKT?
According to the Banks industry distribution chart, Franklin Credit Management ranks #999999 out of 8 companies for Net-Net Working Capital. This places Franklin Credit Management in the lower half of its industry. The industry median Net-Net Working Capital is 1.76. 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 Banks company?
The median Net-Net Working Capital among Banks companies is 1.76, based on 8 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 Franklin Credit Management For the Banks industry, the median Net-Net Working Capital is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Franklin Credit Management's current Net-Net Working Capital is $-0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Franklin Credit Management stock overvalued right now?
Based on GuruFocus' analysis, Franklin Credit Management (FCRM) is currently considered Possible Value Trap. The stock's GF Value™ is $0.08, compared to a current price of $0.03 — trading 58.8% below its estimated fair value. The current Net-Net Working Capital is $-0.49. 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 Franklin Credit Management (FCRM), the current Net-Net Working Capital is $-0.49 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.
Franklin Credit Management Corp is a specialty consumer finance company mainly in the servicing and resolution of performing, reperforming, nonperforming residential mortgage loans, including specialized loan recovery and collection servicing, and in the analysis, pricing and acquisition of residential mortgage portfolios for third parties. Its servicing operations including specialized loan recovery and collecting services, consist of a call letter staffed by professionals skilled in customer service, Collection, loan mitigation, foreclosure, bankruptcy, real estate property management, deficiency recovery and judgement processing.
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