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.
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.
The Schiehallion FundLSE:MNTN -1.36%35 Net-Net Working Capital is $0.01 as of Jan. 2026. GuruFocus rates LSE:MNTN with a GF Score™ of 35/100. The stock has 4 warning signs investors should review. Among 472 Asset Management companies, The Schiehallion Fund ranks worse than 95.76% 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.
The Schiehallion Fund's Net-Net Working Capital for the quarter that ended in Jan. 2026 was $0.01.
The industry rank for The Schiehallion Fund's Net-Net Working Capital or its related term are showing as below:
LSE:MNTN's Price-to-Net-Net-Working-Capital is ranked worse than 95.76% of 472
companies
in the Asset Management industry
Industry Median: 7.02
vs LSE:MNTN: 217.00
The Schiehallion Fund (LSE:MNTN) 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.
The Schiehallion Fund Net-Net Working Capital Related Terms
The Schiehallion Fund Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for The Schiehallion Fund'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.
The Schiehallion Fund Net-Net Working Capital Chart
LSE:MNTN vs BLK, BX, KKR: Net-Net Working Capital Comparison
For the Asset Management subindustry, The Schiehallion Fund'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.
The Schiehallion Fund Price-to-Net-Net-Working-Capital vs Asset Management Industry
For the Asset Management industry and Financial Services sector, The Schiehallion Fund's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where The Schiehallion Fund'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 $0.01 mean?
The Schiehallion Fund (LSE:MNTN) has a Net-Net Working Capital of $0.01 as of Jan. 2026. 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 The Schiehallion Fund According to the industry distribution chart, The Schiehallion Fund ranks #452 out of 472 companies in the Asset Management industry, placing it in the top 95.8%.
Is The Schiehallion Fund's Net-Net Working Capital too high?
The Schiehallion Fund's current Net-Net Working Capital is $0.01. The Asset Management industry median Net-Net Working Capital is 7.02. The Schiehallion Fund's value of $0.01 is 99.9% below this industry median. Based on the distribution chart, The Schiehallion Fund ranks #452 out of 472 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, The Schiehallion Fund has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does The Schiehallion Fund's Net-Net Working Capital compare to BLK and BX?
According to the Asset Management industry distribution chart, The Schiehallion Fund ranks #452 out of 472 companies for Net-Net Working Capital. This places The Schiehallion Fund in the lower half of its industry. The industry median Net-Net Working Capital is 7.02. The Schiehallion Fund's value of $0.01 is 99.9% below this benchmark. 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 an Asset Management company?
The median Net-Net Working Capital among Asset Management companies is 7.02, based on 472 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. The Schiehallion Fund's current Net-Net Working Capital of $0.01 is 99.9% below the industry median. 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 The Schiehallion Fund For the Asset Management industry, the median Net-Net Working Capital is 7.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Schiehallion Fund's current Net-Net Working Capital is $0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Schiehallion Fund stock overvalued right now?
The Schiehallion Fund (LSE:MNTN) has a current Net-Net Working Capital of $0.01. The current Net-Net Working Capital is $0.01 and 99.9% below the Asset Management industry median of 7.02. The Schiehallion Fund's overall GF Score™ is 35/100 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 The Schiehallion Fund (LSE:MNTN), the current Net-Net Working Capital is $0.01 as of Jan. 2026. 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.
The Schiehallion Fund Ltd is a non-cellular closed-ended investment company. Its investment objective is to generate capital growth for investors through making long-term minority investments in later-stage private businesses that the company considers to have transformational growth potential and the potential to become publicly traded. The company invests in various sectors such as Communications Services; Consumer Discretionary; Consumer Staples; Financials; Health Care; Industrials, Materials, Information Technology, and others.
35GF Score
Get the complete analysis for LSE:MNTN
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:MNTN has been successfully added to your 
