PCOLF (Pacific Online) Net-Net Working Capital: $0.03 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

PCOLF Pacific Online Ltd PCOLF
49 GF Score
Price $0.04
GF Value $0.06
! 6 Warning Signs
View Full Analysis

What is Pacific Online Net-Net Working Capital?

Pacific Online PCOLF 49 Net-Net Working Capital is $0.03 as of Dec. 2025. GuruFocus rates PCOLF with a GF Score™ of 49/100 and a GF Value™ of $0.06. The stock has 6 warning signs investors should review. Among 301 Interactive Media companies, Pacific Online ranks better than 91.36% 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.

Pacific Online's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $0.03.

The industry rank for Pacific Online's Net-Net Working Capital or its related term are showing as below:

PCOLF's Price-to-Net-Net-Working-Capital is ranked better than
91.36% of 301 companies
in the Interactive Media industry
Industry Median: 4.65 vs PCOLF: 0.99

Pacific Online  (OTCPK:PCOLF) 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.


Pacific Online Net-Net Working Capital Related Terms


Pacific Online Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Pacific Online'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.

Pacific Online Net-Net Working Capital Chart

Pacific Online 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 0.06 0.04 0.03 0.03 0.03

Pacific Online Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.03 0.03 0.03 0.03 0.03

PCOLF vs GOOGL, META, SPOT: Net-Net Working Capital Comparison

For the Internet Content & Information subindustry, Pacific Online'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.


Pacific Online Price-to-Net-Net-Working-Capital vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Pacific Online's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Pacific Online's Price-to-Net-Net-Working-Capital falls into.


PCOLF
49GF Score
Pacific Online Ltd PCOLF
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pacific Online Net-Net Working Capital Calculation

Pacific Online'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)
=(28.785+0.75 * 56.497+0.5 * 0-35.052
-0-0)/1133.158
=0.03

Pacific Online's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2025 is calculated as

Net-Net Working Capital(Q: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(28.785+0.75 * 56.497+0.5 * 0-35.052
-0-0)/1135.438
=0.03

* 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 $0.03 mean?
Pacific Online (PCOLF) has a Net-Net Working Capital of $0.03 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 Pacific Online According to the industry distribution chart, Pacific Online ranks #26 out of 301 companies in the Interactive Media industry, placing it in the top 8.6%.
Is Pacific Online's Net-Net Working Capital too high?
Pacific Online's current Net-Net Working Capital is $0.03. The Interactive Media industry median Net-Net Working Capital is 4.65. Pacific Online's value of $0.03 is 99.4% below this industry median. Based on the distribution chart, Pacific Online ranks #26 out of 301 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Pacific Online has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Pacific Online's Net-Net Working Capital compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Pacific Online ranks #26 out of 301 companies for Net-Net Working Capital. This places Pacific Online in the top 9% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 4.65. Pacific Online's value of $0.03 is 99.4% 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 Interactive Media company?
The median Net-Net Working Capital among Interactive Media companies is 4.65, based on 301 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. Pacific Online's current Net-Net Working Capital of $0.03 is 99.4% 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 Pacific Online For the Interactive Media industry, the median Net-Net Working Capital is 4.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pacific Online's current Net-Net Working Capital is $0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pacific Online stock overvalued right now?
Pacific Online (PCOLF) has a current Net-Net Working Capital of $0.03. The stock's GF Value™ is $0.06, compared to a current price of $0.04 — trading 34.3% below its estimated fair value. The current Net-Net Working Capital is $0.03 and 99.4% below the Interactive Media industry median of 4.65. Pacific Online's overall GF Score™ is 49/100 with 6 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 Pacific Online (PCOLF), the current Net-Net Working Capital is $0.03 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.

Is Pacific Online (PCOLF) Overvalued in 2026?

Based on GuruFocus' analysis, Pacific Online stock appears to be undervalued. The current stock price of $0.04 is trading 34.3% below its estimated GF Value™ of $0.06.

Key valuation signals for PCOLF:

  • Net-Net Working Capital: $0.03
  • GF Value™: $0.06 vs. price of $0.04 (34.3% below fair value)
  • GF Score™: 49/100 with 6 warning signs
  • Industry Position: 99.4% below the Interactive Media median (#26 of 301)

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


Pacific Online Business Description

Other Exchanges 00543:Hong Kong
Address 115 Gaopu Road, National Software Park Base, Tianhe District, Guangzhou, CHN, 510663
Pacific Online Ltd is engaged in the provision of internet advertising services in the People's Republic of China. The Group operates vertically integrated portals, including PConline, which focuses on IT product-related content, PCauto, which focuses on automobile content, and PChouse. Its reportable segments include PCauto, which generates the majority of its revenue, and PConline.
49GF Score

Get the complete analysis for PCOLF

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

$0.04
Price
$0.06
GF Value