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Strategic Equity CapitalLSE:SEC +0.14%39 Net-Net Working Capital is £0.19 as of Dec. 2025. GuruFocus rates LSE:SEC with a GF Score™ of 39/100. The stock has 1 warning sign investors should review. Among 497 Asset Management companies, Strategic Equity Capital ranks worse than 71.83% 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.
Strategic Equity Capital's Net-Net Working Capital for the quarter that ended in Dec. 2025 was £0.19.
The industry rank for Strategic Equity Capital's Net-Net Working Capital or its related term are showing as below:
LSE:SEC's Price-to-Net-Net-Working-Capital is ranked worse than 71.83% of 497
companies
in the Asset Management industry
Industry Median: 6.15
vs LSE:SEC: 18.79
Strategic Equity Capital (LSE:SEC) 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.
Strategic Equity Capital Net-Net Working Capital Related Terms
Strategic Equity Capital Net-Net Working Capital Historical Data
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The historical data trend for Strategic Equity 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.
Strategic Equity Capital Net-Net Working Capital Chart
LSE:SEC vs BLK, BX, KKR: Net-Net Working Capital Comparison
For the Asset Management subindustry, Strategic Equity 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.
Strategic Equity Capital Price-to-Net-Net-Working-Capital vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Strategic Equity Capital's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Strategic Equity 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?
Strategic Equity Capital (LSE:SEC) has a Net-Net Working Capital of £0.19 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 Strategic Equity Capital According to the industry distribution chart, Strategic Equity Capital ranks #357 out of 497 companies in the Asset Management industry, placing it in the top 71.8%.
Is Strategic Equity Capital's Net-Net Working Capital too high?
Strategic Equity Capital's current Net-Net Working Capital is £0.19. Based on the distribution chart, Strategic Equity Capital ranks #357 out of 497 companies in the Asset Management industry, which is below the industry midpoint. Overall, Strategic Equity Capital has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Strategic Equity Capital's Net-Net Working Capital compare to BLK and BX?
According to the Asset Management industry distribution chart, Strategic Equity Capital ranks #357 out of 497 companies for Net-Net Working Capital. This places Strategic Equity Capital in the lower half of its industry. The industry median Net-Net Working Capital is 6.15. 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 6.15, based on 497 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 Strategic Equity Capital For the Asset Management industry, the median Net-Net Working Capital is 6.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Strategic Equity 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 Strategic Equity Capital stock overvalued right now?
Strategic Equity Capital (LSE:SEC) has a current Net-Net Working Capital of £0.19. The current Net-Net Working Capital is £0.19. Strategic Equity Capital's overall GF Score™ is 39/100 with 1 warning sign 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 Strategic Equity Capital (LSE:SEC), the current Net-Net Working Capital is £0.19 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.
Strategic Equity Capital PLC is an investment company based in the UK. Its investment objective is to achieve medium-term absolute returns, mainly through capital growth, rather than to outperform market indices. The company mainly invests in equity and equity-linked securities quoted on markets operated by the London Stock Exchange, which will increase their value through strategic, operational, or management change. It focuses on long-term investment for the duration of rolling three-year investment plans that include an entry and exit strategy. The company follows a practice of constructive corporate engagement and aims to work with management teams to enhance shareholder value. Its total revenue includes interest and dividends from the investment made.
39GF Score
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