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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.
Kepwealth Property Phils's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ₱0.70.
The industry rank for Kepwealth Property Phils's Net-Net Working Capital or its related term are showing as below:
PHS:KPPI's Price-to-Net-Net-Working-Capital is ranked better than 73.11% of 331
companies
in the Real Estate industry
Industry Median: 4.52
vs PHS:KPPI: 2.04
Kepwealth Property Phils (PHS:KPPI) 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.
Kepwealth Property Phils Net-Net Working Capital Related Terms
Kepwealth Property Phils Net-Net Working Capital Historical Data
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The historical data trend for Kepwealth Property Phils'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.
Kepwealth Property Phils Net-Net Working Capital Chart
PHS:KPPI vs CBRE, BEKE, JLL: Net-Net Working Capital Comparison
For the Real Estate Services subindustry, Kepwealth Property Phils'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.
Kepwealth Property Phils Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Kepwealth Property Phils's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Kepwealth Property Phils'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 ₱0.70 mean?
Kepwealth Property Phils (PHS:KPPI) has a Net-Net Working Capital of ₱0.70 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 Kepwealth Property Phils According to the industry distribution chart, Kepwealth Property Phils ranks #89 out of 331 companies in the Real Estate industry, placing it in the top 26.9%.
Is Kepwealth Property Phils' Net-Net Working Capital too high?
Kepwealth Property Phils' current Net-Net Working Capital is ₱0.70. Based on the distribution chart, Kepwealth Property Phils ranks #89 out of 331 companies in the Real Estate industry, which is above the industry midpoint. Overall, Kepwealth Property Phils has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kepwealth Property Phils' Net-Net Working Capital compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Kepwealth Property Phils ranks #89 out of 331 companies for Net-Net Working Capital. This puts Kepwealth Property Phils in the upper half of its industry. The industry median Net-Net Working Capital is 4.52. 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 Real Estate company?
The median Net-Net Working Capital among Real Estate companies is 4.52, based on 331 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 Kepwealth Property Phils For the Real Estate industry, the median Net-Net Working Capital is 4.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kepwealth Property Phils's current Net-Net Working Capital is ₱0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kepwealth Property Phils stock overvalued right now?
Based on GuruFocus' analysis, Kepwealth Property Phils (PHS:KPPI) is currently considered Significantly Undervalued. The stock's GF Value™ is ₱2.07, compared to a current price of ₱1.43 — trading 30.9% below its estimated fair value. The current Net-Net Working Capital is ₱0.70. Kepwealth Property Phils' overall GF Score™ is 75/100 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 Kepwealth Property Phils (PHS:KPPI), the current Net-Net Working Capital is ₱0.70 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 Kepwealth Property Phils (PHS:KPPI) Overvalued in 2026?
Based on GuruFocus' analysis, Kepwealth Property Phils stock appears to be undervalued.
The current stock price of ₱1.43 is trading 30.9% below its estimated GF Value™ of ₱2.07.
GuruFocus considers Kepwealth Property Phils to be Significantly Undervalued.
Key valuation signals for PHS:KPPI:
Net-Net Working Capital: ₱0.70
GF Value™: ₱2.07 vs. price of ₱1.43 (30.9% below fair value)
No single metric tells the full story. See the PHS:KPPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kepwealth Property Phils Inc is engaged in the business of investing in, purchasing, acquiring and owning, holding, using, selling, assigning, transferring, leasing, mortgaging, exchanging, maintaining, administering, managing, and operating alone or jointly with others, or disposing of real property, such as office, commercial, agricultural and residential properties, hotels, inns, resorts, apartments, or personal property. The Company owns approximately 77 units with nearly 98 leasable spaces of Kepwealth Center in the Cebu Business Park.
75GF 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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