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Sino-Ocean Group HoldingFRA:3SD Net-Net Working Capital is €-1.22 as of Dec. 2025. The stock has 3 warning signs investors should review. Among 321 Real Estate companies, Sino-Ocean Group Holding ranks worse than 311526.17% 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.
Sino-Ocean Group Holding's Net-Net Working Capital for the quarter that ended in Dec. 2025 was €-1.22.
The industry rank for Sino-Ocean Group Holding's Net-Net Working Capital or its related term are showing as below:
FRA:3SD's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.4 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Sino-Ocean Group Holding (FRA:3SD) 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.
Sino-Ocean Group Holding Net-Net Working Capital Related Terms
Sino-Ocean Group Holding Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Sino-Ocean Group Holding'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.
Sino-Ocean Group Holding Net-Net Working Capital Chart
Sino-Ocean Group Holding Net-Net Working Capital Competitor Comparison
For the Real Estate - Development subindustry, Sino-Ocean Group Holding'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.
Sino-Ocean Group Holding Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Sino-Ocean Group Holding's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Sino-Ocean Group Holding'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 €-1.22 mean?
Sino-Ocean Group Holding (FRA:3SD) has a Net-Net Working Capital of €-1.22 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 Sino-Ocean Group Holding According to the industry distribution chart, Sino-Ocean Group Holding ranks #999999 out of 321 companies in the Real Estate industry.
Is Sino-Ocean Group Holding's Net-Net Working Capital too high?
Sino-Ocean Group Holding's current Net-Net Working Capital is €-1.22. Based on the distribution chart, Sino-Ocean Group Holding ranks #999999 out of 321 companies in the Real Estate industry, which is in the bottom quartile relative to peers.
How does Sino-Ocean Group Holding's Net-Net Working Capital compare to competitors?
According to the Real Estate industry distribution chart, Sino-Ocean Group Holding ranks #999999 out of 321 companies for Net-Net Working Capital. This places Sino-Ocean Group Holding in the lower half of its industry. The industry median Net-Net Working Capital is 4.40. 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 4.40, based on 321 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 Sino-Ocean Group Holding For the Real Estate industry, the median Net-Net Working Capital is 4.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sino-Ocean Group Holding's current Net-Net Working Capital is €-1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sino-Ocean Group Holding stock overvalued right now?
Sino-Ocean Group Holding (FRA:3SD) has a current Net-Net Working Capital of €-1.22. The stock's GF Value™ is €0.01, compared to a current price of €0.01 — trading right at its estimated fair value. The current Net-Net Working Capital is €-1.22. 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 Sino-Ocean Group Holding (FRA:3SD), the current Net-Net Working Capital is €-1.22 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.
Sino-Ocean Group Holding Ltd is a property developer. The company engages in the development of residential property, investment property development and operation, property services and whole-industrial chain construction services, with its scope of businesses also covering senior living service, internet data center, logistics real estate and real estate fund, etc. Its segments consist of property development, property investment, and property management. The majority of the revenue is derived from the property development segment. Its geographical locations include the Beijing Region, the Bohai Rim Region, the Eastern Region, the Southern Region, the Central Region, and the Western Region.
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