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Lead Real Estate CoLRE -1.44%34 Net-Net Working Capital is $-5.62 as of Dec. 2025. GuruFocus rates LRE with a GF Score™ of 34/100. The stock has 3 warning signs investors should review. Among 324 Real Estate companies, Lead Real Estate Co ranks worse than 308641.67% 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.
Lead Real Estate Co's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $-5.62.
The industry rank for Lead Real Estate Co's Net-Net Working Capital or its related term are showing as below:
LRE's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.395 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Lead Real Estate Co (NAS:LRE) 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.
Lead Real Estate Co Net-Net Working Capital Related Terms
Lead Real Estate Co Net-Net Working Capital Historical Data
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The historical data trend for Lead Real Estate Co'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.
LRE vs GEDC, ILAL, MRNO: Net-Net Working Capital Comparison
For the Real Estate - Development subindustry, Lead Real Estate Co'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.
Lead Real Estate Co Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Lead Real Estate Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Lead Real Estate Co'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 $-5.62 mean?
Lead Real Estate Co (LRE) has a Net-Net Working Capital of $-5.62 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 Lead Real Estate Co According to the industry distribution chart, Lead Real Estate Co ranks #999999 out of 324 companies in the Real Estate industry.
Is Lead Real Estate Co's Net-Net Working Capital too high?
Lead Real Estate Co's current Net-Net Working Capital is $-5.62. Based on the distribution chart, Lead Real Estate Co ranks #999999 out of 324 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Lead Real Estate Co has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Lead Real Estate Co's Net-Net Working Capital compare to GEDC and ILAL?
According to the Real Estate industry distribution chart, Lead Real Estate Co ranks #999999 out of 324 companies for Net-Net Working Capital. This places Lead Real Estate Co 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 324 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 Lead Real Estate Co 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. Lead Real Estate Co's current Net-Net Working Capital is $-5.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lead Real Estate Co stock overvalued right now?
Lead Real Estate Co (LRE) has a current Net-Net Working Capital of $-5.62. The current Net-Net Working Capital is $-5.62. Lead Real Estate Co's overall GF Score™ is 34/100 with 3 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 Lead Real Estate Co (LRE), the current Net-Net Working Capital is $-5.62 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.
Lead Real Estate Co Ltd operates as a developer of luxury residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa Prefecture, and Sapporo. The company also operates hotels in Tokyo and leases apartment units to individual customers in Japan and Dallas, Texas. Its revenue is predominantly generated from developing and selling single-family homes and condominiums, hotel operations, and residential leasing. The company's sole operating segment is real estate sales. Geographically, it derives revenue from Japan.
34GF Score
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