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Palace CapitalLSE:PCA 62 Net-Net Working Capital is £0.19 as of Sep. 2025. GuruFocus rates LSE:PCA with a GF Score™ of 62/100 and a GF Value™ of £1.44 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 113 REITs companies, Palace Capital ranks better than 71.68% 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.
Palace Capital's Net-Net Working Capital for the quarter that ended in Sep. 2025 was £0.19.
The industry rank for Palace Capital's Net-Net Working Capital or its related term are showing as below:
LSE:PCA's Price-to-Net-Net-Working-Capital is ranked better than 71.68% of 113
companies
in the REITs industry
Industry Median: 17.02
vs LSE:PCA: 3.21
Palace Capital (LSE:PCA) 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.
Palace Capital Net-Net Working Capital Related Terms
Palace Capital Net-Net Working Capital Historical Data
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The historical data trend for Palace Capital'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.
LSE:PCA vs VICI, WPC, BNL: Net-Net Working Capital Comparison
For the REIT - Diversified subindustry, Palace Capital'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.
Palace Capital Price-to-Net-Net-Working-Capital vs REITs Industry
For the REITs industry and Real Estate sector, Palace Capital's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Palace Capital'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 £0.19 mean?
Palace Capital (LSE:PCA) has a Net-Net Working Capital of £0.19 as of Sep. 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 Palace Capital According to the industry distribution chart, Palace Capital ranks #32 out of 113 companies in the REITs industry, placing it in the top 28.3%.
Is Palace Capital's Net-Net Working Capital too high?
Palace Capital's current Net-Net Working Capital is £0.19. Based on the distribution chart, Palace Capital ranks #32 out of 113 companies in the REITs industry, which is above the industry midpoint. Overall, Palace Capital has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Palace Capital's Net-Net Working Capital compare to VICI and WPC?
According to the REITs industry distribution chart, Palace Capital ranks #32 out of 113 companies for Net-Net Working Capital. This puts Palace Capital in the upper half of its industry. The industry median Net-Net Working Capital is 17.02. 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 17.02, based on 113 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 Palace Capital For the REITs industry, the median Net-Net Working Capital is 17.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Palace Capital's current Net-Net Working Capital is £0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Palace Capital stock overvalued right now?
Based on GuruFocus' analysis, Palace Capital (LSE:PCA) is currently considered Significantly Overvalued. The stock's GF Value™ is £1.44, compared to a current price of £1.90 — trading 31.6% above its estimated fair value. The current Net-Net Working Capital is £0.19. Palace Capital's overall GF Score™ is 62/100 with 7 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 Palace Capital (LSE:PCA), the current Net-Net Working Capital is £0.19 as of Sep. 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 Palace Capital (LSE:PCA) Overvalued in 2026?
Based on GuruFocus' analysis, Palace Capital stock appears to be overvalued.
The current stock price of £1.90 is trading 31.6% above its estimated GF Value™ of £1.44.
GuruFocus considers Palace Capital to be Significantly Overvalued.
Key valuation signals for LSE:PCA:
Net-Net Working Capital: £0.19
GF Value™: £1.44 vs. price of £1.90 (31.6% above fair value)
No single metric tells the full story. See the LSE:PCA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Palace Capital PLC is a UK-based real estate investment company focused on commercial property outside London. It invests in and manages a portfolio of regional office, industrial, retail, and mixed-use properties across England, with concentrations in markets such as Manchester, Leeds, Birmingham, and the South East. The company generates revenue primarily through rental income from its investment properties, supplemented by property disposals and asset management initiatives. Its tenants include a mix of private and public sector occupiers, ranging from local businesses to national organizations. Palace Capital has pursued a strategy of active asset management, refurbishment, and selective sales to realize value and reduce debt, while concentrating on higher-yielding regional assets. The company operates as a single reportable segment, investment property, and is listed on the London Stock Exchange.
62GF Score
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