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.
Figaro Culinary Group's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ₱-0.26.
The industry rank for Figaro Culinary Group's Net-Net Working Capital or its related term are showing as below:
PHS:FCG's Price-to-Net-Net-Working-Capital is not ranked *
in the Restaurants industry.
Industry Median: 15.62 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Figaro Culinary Group (PHS:FCG) 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.
Figaro Culinary Group Net-Net Working Capital Related Terms
Figaro Culinary Group Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Figaro Culinary Group'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.
Figaro Culinary Group Net-Net Working Capital Chart
PHS:FCG vs MCD, SBUX, YUM: Net-Net Working Capital Comparison
For the Restaurants subindustry, Figaro Culinary Group'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.
Figaro Culinary Group Price-to-Net-Net-Working-Capital vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Figaro Culinary Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Figaro Culinary Group'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 ₱-0.26 mean?
Figaro Culinary Group (PHS:FCG) has a Net-Net Working Capital of ₱-0.26 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 Figaro Culinary Group According to the industry distribution chart, Figaro Culinary Group ranks #999999 out of 49 companies in the Restaurants industry.
Is Figaro Culinary Group's Net-Net Working Capital too high?
Figaro Culinary Group's current Net-Net Working Capital is ₱-0.26. Based on the distribution chart, Figaro Culinary Group ranks #999999 out of 49 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Figaro Culinary Group has a GF Score™ of 39/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Figaro Culinary Group's Net-Net Working Capital compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Figaro Culinary Group ranks #999999 out of 49 companies for Net-Net Working Capital. This places Figaro Culinary Group in the lower half of its industry. The industry median Net-Net Working Capital is 15.62. 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 Restaurants company?
The median Net-Net Working Capital among Restaurants companies is 15.62, based on 49 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 Figaro Culinary Group For the Restaurants industry, the median Net-Net Working Capital is 15.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Figaro Culinary Group's current Net-Net Working Capital is ₱-0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Figaro Culinary Group stock overvalued right now?
Based on GuruFocus' analysis, Figaro Culinary Group (PHS:FCG) is currently considered Significantly Undervalued. The stock's GF Value™ is ₱0.84, compared to a current price of ₱0.56 — trading 33.3% below its estimated fair value. The current Net-Net Working Capital is ₱-0.26. Figaro Culinary Group's overall GF Score™ is 39/100 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 Figaro Culinary Group (PHS:FCG), the current Net-Net Working Capital is ₱-0.26 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 Figaro Culinary Group (PHS:FCG) Overvalued in 2026?
Based on GuruFocus' analysis, Figaro Culinary Group stock appears to be undervalued.
The current stock price of ₱0.56 is trading 33.3% below its estimated GF Value™ of ₱0.84.
GuruFocus considers Figaro Culinary Group to be Significantly Undervalued.
Key valuation signals for PHS:FCG:
Net-Net Working Capital: ₱-0.26
GF Value™: ₱0.84 vs. price of ₱0.56 (33.3% below fair value)
No single metric tells the full story. See the PHS:FCG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Figaro Culinary Group Inc formerly Figaro Coffee Group Inc is engaged in processing, manufacturing, packaging all kinds of food products, and establishing and maintaining restaurants, coffee shops, and refreshments parlors; to serve, arrange, cater foods, drinks, refreshments, and other food commodities. The brands of the company include Figaro Coffee. Angel's Pizza, Tien-Ma's Taiwanese Cuisine. The company earns majority of its revenue from Angel's Pizza.
39GF Score
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