Jollibee FoodsPHS:JFC +1.60%79 Net-Net Working Capital is ₱-154.85 as of Mar. 2026. GuruFocus rates PHS:JFC with a GF Score™ of 79/100 and a GF Value™ of ₱294.70 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 49 Restaurants companies, Jollibee Foods ranks worse than 2040814.29% 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.
Jollibee Foods's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ₱-154.85.
The industry rank for Jollibee Foods's Net-Net Working Capital or its related term are showing as below:
PHS:JFC'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.
Jollibee Foods (PHS:JFC) 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.
Jollibee Foods Net-Net Working Capital Related Terms
Jollibee Foods Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Jollibee Foods'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.
PHS:JFC vs MCD, SBUX, YUM: Net-Net Working Capital Comparison
For the Restaurants subindustry, Jollibee Foods'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.
Jollibee Foods Price-to-Net-Net-Working-Capital vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Jollibee Foods's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Jollibee Foods'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 ₱-154.85 mean?
Jollibee Foods (PHS:JFC) has a Net-Net Working Capital of ₱-154.85 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 Jollibee Foods According to the industry distribution chart, Jollibee Foods ranks #999999 out of 49 companies in the Restaurants industry.
Is Jollibee Foods' Net-Net Working Capital too high?
Jollibee Foods' current Net-Net Working Capital is ₱-154.85. Based on the distribution chart, Jollibee Foods ranks #999999 out of 49 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Jollibee Foods has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jollibee Foods' Net-Net Working Capital compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Jollibee Foods ranks #999999 out of 49 companies for Net-Net Working Capital. This places Jollibee Foods 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 Jollibee Foods 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. Jollibee Foods's current Net-Net Working Capital is ₱-154.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jollibee Foods stock overvalued right now?
Based on GuruFocus' analysis, Jollibee Foods (PHS:JFC) is currently considered Significantly Undervalued. The stock's GF Value™ is ₱294.70, compared to a current price of ₱145.80 — trading 50.5% below its estimated fair value. The current Net-Net Working Capital is ₱-154.85. Jollibee Foods' overall GF Score™ is 79/100 with 3 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 Jollibee Foods (PHS:JFC), the current Net-Net Working Capital is ₱-154.85 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 Jollibee Foods (PHS:JFC) Overvalued in 2026?
Based on GuruFocus' analysis, Jollibee Foods stock appears to be undervalued.
The current stock price of ₱145.80 is trading 50.5% below its estimated GF Value™ of ₱294.70.
GuruFocus considers Jollibee Foods to be Significantly Undervalued.
Key valuation signals for PHS:JFC:
Net-Net Working Capital: ₱-154.85
GF Value™: ₱294.70 vs. price of ₱145.80 (50.5% below fair value)
No single metric tells the full story. See the PHS:JFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jollibee Foods Corp is engaged in operating and franchising quick-service restaurants (QSRs). The company has three business segments: the Food Service segment, which is involved in the operation of QSRs and the manufacture of food products to be sold to JFC Group-owned and franchised QSR outlets; the Franchising segment, which is involved in franchising the JFC Group's QSR store concepts; and the Support Services segment, which provides various services mainly to the Jollibee Group's independent franchisees. The Group's geographical segments are based on the location of the assets producing revenues in the Philippines and in other locations, including PRC, USA, Canada, Vietnam, Singapore, Malaysia, Italy, the UK, UAE, Hong Kong, Macau, Brunei, Taiwan, and South Korea.
79GF Score
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