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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.
The industry rank for Premiere Island Power REIT's Net-Net Working Capital or its related term are showing as below:
PHS:PREIT's Price-to-Net-Net-Working-Capital is ranked better than 51.75% of 114
companies
in the REITs industry
Industry Median: 17.6
vs PHS:PREIT: 15.29
Premiere Island Power REIT (PHS:PREIT) 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.
Premiere Island Power REIT Net-Net Working Capital Related Terms
Premiere Island Power REIT Net-Net Working Capital Historical Data
* 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.
Premiere Island Power REIT Net-Net Working Capital Chart
PHS:PREIT vs EQIX, AMT, DLR: Net-Net Working Capital Comparison
For the REIT - Specialty subindustry, Premiere Island Power REIT'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.
Premiere Island Power REIT Price-to-Net-Net-Working-Capital vs REITs Industry
For the REITs industry and Real Estate sector, Premiere Island Power REIT's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Premiere Island Power REIT'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 ₱0.07 mean?
Premiere Island Power REIT (PHS:PREIT) has a Net-Net Working Capital of ₱0.07 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 Premiere Island Power REIT According to the industry distribution chart, Premiere Island Power REIT ranks #55 out of 114 companies in the REITs industry, placing it in the top 48.2%.
Is Premiere Island Power REIT's Net-Net Working Capital too high?
Premiere Island Power REIT's current Net-Net Working Capital is ₱0.07. Based on the distribution chart, Premiere Island Power REIT ranks #55 out of 114 companies in the REITs industry, which is above the industry midpoint. Overall, Premiere Island Power REIT has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Premiere Island Power REIT's Net-Net Working Capital compare to EQIX and AMT?
According to the REITs industry distribution chart, Premiere Island Power REIT ranks #55 out of 114 companies for Net-Net Working Capital. This puts Premiere Island Power REIT in the upper half of its industry. The industry median Net-Net Working Capital is 17.60. 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 REITs company?
The median Net-Net Working Capital among REITs companies is 17.60, based on 114 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 Premiere Island Power REIT For the REITs industry, the median Net-Net Working Capital is 17.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Premiere Island Power REIT's current Net-Net Working Capital is ₱0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Premiere Island Power REIT stock overvalued right now?
Based on GuruFocus' analysis, Premiere Island Power REIT (PHS:PREIT) is currently considered Significantly Undervalued. The stock's GF Value™ is ₱1.64, compared to a current price of ₱1.07 — trading 34.8% below its estimated fair value. The current Net-Net Working Capital is ₱0.07. Premiere Island Power REIT's overall GF Score™ is 52/100 with 2 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 Premiere Island Power REIT (PHS:PREIT), the current Net-Net Working Capital is ₱0.07 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 Premiere Island Power REIT (PHS:PREIT) Overvalued in 2026?
Based on GuruFocus' analysis, Premiere Island Power REIT stock appears to be undervalued.
The current stock price of ₱1.07 is trading 34.8% below its estimated GF Value™ of ₱1.64.
GuruFocus considers Premiere Island Power REIT to be Significantly Undervalued.
Key valuation signals for PHS:PREIT:
Net-Net Working Capital: ₱0.07
GF Value™: ₱1.64 vs. price of ₱1.07 (34.8% below fair value)
No single metric tells the full story. See the PHS:PREIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Premiere Island Power REIT Corp operates as a real estate investment trust, holding assets that operate in the power generation industry. The principal mandate is to invest on a long-term basis in critical real estate and infrastructure that will expand its portfolio and will also enable the company to attain its objective of meaningfully contributing to the promotion of clean, renewable, and sustainable energy, as well as continue its progress on expanding social and missionary electrification. The REIT's only income-generating activity is the lease of its land, right-of-use asset, buildings, and generation asset. The REIT derives its rental income from SIPCOR and CAMPCOR.
52GF 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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