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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 industry rank for PrologisProperty Mexico de CV's Net-Net Working Capital or its related term are showing as below:
MEX:FIBRAPL14's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 16.5 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
PrologisProperty Mexico de CV (MEX:FIBRAPL14) 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.
PrologisProperty Mexico de CV Net-Net Working Capital Related Terms
PrologisProperty Mexico de CV Net-Net Working Capital Historical Data
* 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.
PrologisProperty Mexico de CV Net-Net Working Capital Chart
MEX:FIBRAPL14 vs PLD, PSA, EXR: Net-Net Working Capital Comparison
For the REIT - Industrial subindustry, PrologisProperty Mexico de CV'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.
PrologisProperty Mexico de CV Price-to-Net-Net-Working-Capital vs REITs Industry
For the REITs industry and Real Estate sector, PrologisProperty Mexico de CV's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PrologisProperty Mexico de CV'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 MXN-26.93 mean?
PrologisProperty Mexico de CV (MEX:FIBRAPL14) has a Net-Net Working Capital of MXN-26.93 as of Jun. 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 PrologisProperty Mexico de CV According to the industry distribution chart, PrologisProperty Mexico de CV ranks #999999 out of 111 companies in the REITs industry.
Is PrologisProperty Mexico de CV's Net-Net Working Capital too high?
PrologisProperty Mexico de CV's current Net-Net Working Capital is MXN-26.93. Based on the distribution chart, PrologisProperty Mexico de CV ranks #999999 out of 111 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, PrologisProperty Mexico de CV has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PrologisProperty Mexico de CV's Net-Net Working Capital compare to PLD and PSA?
According to the REITs industry distribution chart, PrologisProperty Mexico de CV ranks #999999 out of 111 companies for Net-Net Working Capital. This places PrologisProperty Mexico de CV in the lower half of its industry. The industry median Net-Net Working Capital is 16.50. 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 16.50, based on 111 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 PrologisProperty Mexico de CV For the REITs industry, the median Net-Net Working Capital is 16.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PrologisProperty Mexico de CV's current Net-Net Working Capital is MXN-26.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PrologisProperty Mexico de CV stock overvalued right now?
Based on GuruFocus' analysis, PrologisProperty Mexico de CV (MEX:FIBRAPL14) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN83.71, compared to a current price of MXN74.95 — trading 10.5% below its estimated fair value. The current Net-Net Working Capital is MXN-26.93. PrologisProperty Mexico de CV's overall GF Score™ is 77/100 with 9 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 PrologisProperty Mexico de CV (MEX:FIBRAPL14), the current Net-Net Working Capital is MXN-26.93 as of Jun. 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.
Is PrologisProperty Mexico de CV (MEX:FIBRAPL14) Overvalued in 2026?
Based on GuruFocus' analysis, PrologisProperty Mexico de CV stock appears to be undervalued.
The current stock price of MXN74.95 is trading 10.5% below its estimated GF Value™ of MXN83.71.
GuruFocus considers PrologisProperty Mexico de CV to be Modestly Undervalued.
Key valuation signals for MEX:FIBRAPL14:
Net-Net Working Capital: MXN-26.93
GF Value™: MXN83.71 vs. price of MXN74.95 (10.5% below fair value)
No single metric tells the full story. See the MEX:FIBRAPL14 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PrologisProperty Mexico SA de CV is engaged in the acquisition, ownership, and leasing of industrial properties throughout Mexico. The company's real estate portfolio comprises large warehouse buildings. It focused on acquiring, owning, and managing Class-A logistics and manufacturing facilities. The company derives nearly all of its revenue as lease rental income from multinational firms. This income is fairly evenly split between its manufacturing-related facilities in Northern Mexico and consumption-related facilities located mainly in Central and Southern Mexico. In terms of total revenue, the majority of Fibra Prologis' customers are general retailers and third-party logistics firms.
77GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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