Salalah Port Services Co (MUS:SPSI) Net-Net Working Capital: ر.ع0.00 (As of Mar. 2026)

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MUS:SPSI Salalah Port Services Co MUS:SPSI
46 GF Score
Price ر.ع0.53
GF Value ر.ع0.36
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Salalah Port Services Co Net-Net Working Capital?

Salalah Port Services Co MUS:SPSI 46 Net-Net Working Capital is ر.ع0.00 as of Mar. 2026. GuruFocus rates MUS:SPSI with a GF Score™ of 46/100 and a GF Value™ of ر.ع0.36 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 223 Transportation companies, Salalah Port Services Co ranks worse than 448430.04% 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.

Salalah Port Services Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ر.ع0.00.

The industry rank for Salalah Port Services Co's Net-Net Working Capital or its related term are showing as below:

MUS:SPSI's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 6.4
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Salalah Port Services Co  (MUS:SPSI) 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.


Salalah Port Services Co Net-Net Working Capital Related Terms


Salalah Port Services Co Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Salalah Port Services 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.

Salalah Port Services Co Net-Net Working Capital Chart

Salalah Port Services Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.02 -0.01 -0.11 -0.25 0.02

Salalah Port Services Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.20 -0.06 -0.02 0.03 0.00

MUS:SPSI vs KEX: Net-Net Working Capital Comparison

For the Marine Shipping subindustry, Salalah Port Services 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.


Salalah Port Services Co Price-to-Net-Net-Working-Capital vs Transportation Industry

For the Transportation industry and Industrials sector, Salalah Port Services Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Salalah Port Services Co's Price-to-Net-Net-Working-Capital falls into.


MUS:SPSI
46GF Score
Salalah Port Services Co MUS:SPSI
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Salalah Port Services Co Net-Net Working Capital Calculation

Salalah Port Services Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(55.042+0.75 * 8.469+0.5 * 3.171-58.741
-0-0)/177.902
=0.02

Salalah Port Services Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2026 is calculated as

Net-Net Working Capital(Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(51.451+0.75 * 13.326+0.5 * 3.026-62.523
-0-0)/182.038
=0.00

* 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 ر.ع0.00 mean?
Salalah Port Services Co (MUS:SPSI) has a Net-Net Working Capital of ر.ع0.00 as of Mar. 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 Salalah Port Services Co According to the industry distribution chart, Salalah Port Services Co ranks #999999 out of 223 companies in the Transportation industry.
Is Salalah Port Services Co's Net-Net Working Capital too high?
Salalah Port Services Co's current Net-Net Working Capital is ر.ع0.00. Based on the distribution chart, Salalah Port Services Co ranks #999999 out of 223 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Salalah Port Services Co has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Salalah Port Services Co's Net-Net Working Capital compare to KEX?
According to the Transportation industry distribution chart, Salalah Port Services Co ranks #999999 out of 223 companies for Net-Net Working Capital. This places Salalah Port Services Co in the lower half of its industry. The industry median Net-Net Working Capital is 6.40. 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 Transportation company?
The median Net-Net Working Capital among Transportation companies is 6.40, based on 223 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 Salalah Port Services Co For the Transportation industry, the median Net-Net Working Capital is 6.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Salalah Port Services Co's current Net-Net Working Capital is ر.ع0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Salalah Port Services Co stock overvalued right now?
Based on GuruFocus' analysis, Salalah Port Services Co (MUS:SPSI) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.36, compared to a current price of ر.ع0.53 — trading 46.7% above its estimated fair value. The current Net-Net Working Capital is ر.ع0.00. Salalah Port Services Co's overall GF Score™ is 46/100 with 5 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 Salalah Port Services Co (MUS:SPSI), the current Net-Net Working Capital is ر.ع0.00 as of Mar. 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 Salalah Port Services Co (MUS:SPSI) Overvalued in 2026?

Based on GuruFocus' analysis, Salalah Port Services Co stock appears to be overvalued. The current stock price of ر.ع0.53 is trading 46.7% above its estimated GF Value™ of ر.ع0.36. GuruFocus considers Salalah Port Services Co to be Significantly Overvalued.

Key valuation signals for MUS:SPSI:

  • Net-Net Working Capital: ر.ع0.00
  • GF Value™: ر.ع0.36 vs. price of ر.ع0.53 (46.7% above fair value)
  • GF Score™: 46/100 with 5 warning signs

No single metric tells the full story. See the MUS:SPSI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Salalah Port Services Co Business Description

Address Al Sarooj, Way No. 2601, Fourth Floor, Office 401, P.O. Box 105, PC 118, Beach One Building, Muscat, OMN, 211
Salalah Port Services Co operates the Port of Salalah, which is in the east-west shipping lane of the Sultanate of Oman. Its port activity includes leasing, equipping, operating, and managing Terminals and Cargo. The group operates with two business divisions; Container Terminal and General Cargo Terminal, of which it derives maximum revenue from Container Terminal. Its geographical area of operation includes Oman, Europe, and others of which the Europe region accounts for a larger share of the revenue.
46GF Score

Get the complete analysis for MUS:SPSI

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ر.ع0.53
Price
ر.ع0.36
GF Value