KYBWF (Guangdong Land Holdings) Net-Net Working Capital: $-1.27 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

KYBWF Guangdong Land Holdings Ltd KYBWF
42 GF Score
Price $0.02
! 4 Warning Signs
View Full Analysis

What is Guangdong Land Holdings Net-Net Working Capital?

Guangdong Land Holdings KYBWF 42 Net-Net Working Capital is $-1.27 as of Dec. 2025. GuruFocus rates KYBWF with a GF Score™ of 42/100. The stock has 4 warning signs investors should review. Among 325 Real Estate companies, Guangdong Land Holdings ranks worse than 307692% 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.

Guangdong Land Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $-1.27.

The industry rank for Guangdong Land Holdings's Net-Net Working Capital or its related term are showing as below:

KYBWF's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.48
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Guangdong Land Holdings  (OTCPK:KYBWF) 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.


Guangdong Land Holdings Net-Net Working Capital Related Terms


Guangdong Land Holdings Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Guangdong Land Holdings'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.

Guangdong Land Holdings Net-Net Working Capital Chart

Guangdong Land Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.37 -1.57 -1.76 -1.69 -1.27

Guangdong Land Holdings Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.45 -1.69 -1.35 -2.39 -1.27

Guangdong Land Holdings Net-Net Working Capital Competitor Comparison

For the Real Estate - Development subindustry, Guangdong Land Holdings'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.


Guangdong Land Holdings Price-to-Net-Net-Working-Capital vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Guangdong Land Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Guangdong Land Holdings's Price-to-Net-Net-Working-Capital falls into.


KYBWF
42GF Score
Guangdong Land Holdings Ltd KYBWF
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Guangdong Land Holdings Net-Net Working Capital Calculation

Guangdong Land Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(438.423+0.75 * 1.506+0.5 * 2604.403-3826.691
-0-93.782)/1711.537
=-1.27

Guangdong Land Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2025 is calculated as

Net-Net Working Capital(Q: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(438.423+0.75 * 1.506+0.5 * 2604.403-3826.691
-0-93.782)/1711.537
=-1.27

* 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 $-1.27 mean?
Guangdong Land Holdings (KYBWF) has a Net-Net Working Capital of $-1.27 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 Guangdong Land Holdings According to the industry distribution chart, Guangdong Land Holdings ranks #999999 out of 325 companies in the Real Estate industry.
Is Guangdong Land Holdings' Net-Net Working Capital too high?
Guangdong Land Holdings' current Net-Net Working Capital is $-1.27. Based on the distribution chart, Guangdong Land Holdings ranks #999999 out of 325 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Guangdong Land Holdings has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Guangdong Land Holdings' Net-Net Working Capital compare to competitors?
According to the Real Estate industry distribution chart, Guangdong Land Holdings ranks #999999 out of 325 companies for Net-Net Working Capital. This places Guangdong Land Holdings in the lower half of its industry. The industry median Net-Net Working Capital is 4.48. 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 4.48, based on 325 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 Guangdong Land Holdings For the Real Estate industry, the median Net-Net Working Capital is 4.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guangdong Land Holdings's current Net-Net Working Capital is $-1.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangdong Land Holdings stock overvalued right now?
Guangdong Land Holdings (KYBWF) has a current Net-Net Working Capital of $-1.27. The current Net-Net Working Capital is $-1.27. Guangdong Land Holdings' overall GF Score™ is 42/100 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 Guangdong Land Holdings (KYBWF), the current Net-Net Working Capital is $-1.27 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.

Guangdong Land Holdings Business Description

Other Exchanges 00124:Hong KongGUW:Germany
Address 148 Connaught Road Central, Office B, 26th Floor, Guangdong Investment Tower, Hong Kong, HKG
Guangdong Land Holdings Ltd is an investment holding company. Through its subsidiaries, the company is engaged in property development and investment activities. The reportable operating segments of the Group are: Property development, Property investment, and Others. The majority of its revenue is generated from the Property development segment through the sale of properties. Geographically, the Group operates mainly in Mainland China.
42GF Score

Get the complete analysis for KYBWF

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.02
Price