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.
The industry rank for Japan Prime Realty Investment's Net-Net Working Capital or its related term are showing as below:
JPRRF's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 18.58 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Japan Prime Realty Investment (OTCPK:JPRRF) 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.
Japan Prime Realty Investment Net-Net Working Capital Related Terms
Japan Prime Realty Investment 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.
Japan Prime Realty Investment Net-Net Working Capital Chart
JPRRF vs VICI, WPC: Net-Net Working Capital Comparison
For the REIT - Diversified subindustry, Japan Prime Realty 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.
Japan Prime Realty Investment Price-to-Net-Net-Working-Capital vs REITs Industry
For the REITs industry and Real Estate sector, Japan Prime Realty Investment's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Japan Prime Realty 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 $-390.96 mean?
Japan Prime Realty Investment (JPRRF) has a Net-Net Working Capital of $-390.96 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 Japan Prime Realty Investment According to the industry distribution chart, Japan Prime Realty Investment ranks #999999 out of 115 companies in the REITs industry.
Is Japan Prime Realty Investment's Net-Net Working Capital too high?
Japan Prime Realty Investment's current Net-Net Working Capital is $-390.96. Based on the distribution chart, Japan Prime Realty Investment ranks #999999 out of 115 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Japan Prime Realty Investment has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Japan Prime Realty Investment's Net-Net Working Capital compare to VICI and WPC?
According to the REITs industry distribution chart, Japan Prime Realty Investment ranks #999999 out of 115 companies for Net-Net Working Capital. This places Japan Prime Realty Investment in the lower half of its industry. The industry median Net-Net Working Capital is 18.58. 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 18.58, based on 115 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 Japan Prime Realty Investment For the REITs industry, the median Net-Net Working Capital is 18.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Prime Realty Investment's current Net-Net Working Capital is $-390.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Prime Realty Investment stock overvalued right now?
Japan Prime Realty Investment (JPRRF) has a current Net-Net Working Capital of $-390.96. The stock's GF Value™ is $600.58, compared to a current price of $614.57 — trading 2.3% above its estimated fair value. The current Net-Net Working Capital is $-390.96. Japan Prime Realty Investment's overall GF Score™ is 66/100 with 4 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 Japan Prime Realty Investment (JPRRF), the current Net-Net Working Capital is $-390.96 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 Japan Prime Realty Investment (JPRRF) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Prime Realty Investment stock appears to be overvalued.
The current stock price of $614.57 is trading 2.3% above its estimated GF Value™ of $600.58.
Key valuation signals for JPRRF:
Net-Net Working Capital: $-390.96
GF Value™: $600.58 vs. price of $614.57 (2.3% above fair value)
No single metric tells the full story. See the JPRRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Prime Realty Investment Business Description
Japan Prime Realty Investment Corporation, or JPR, is a Japanese real estate investment trust involved in the ownership of properties in the Greater Tokyo region. The majority of JPR's real estate portfolio is comprised of office buildings, with retail properties making up the rest of the company's holdings. The vast majority of JPR's assets are in the Tokyo metropolitan area, which are mostly concentrated in Central Tokyo. The company generates nearly all of its revenue through collecting funds from investors, investing that money into real estate properties, and then collecting rental income from those properties. Its collection of tenants is fairly evenly distributed among service, information and communication, manufacturing, finance, retail, and real estate companies.
66GF Score
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