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Republic Glass HoldingsPHS:REG 55 Net-Net Working Capital is ₱1.80 as of Mar. 2026. GuruFocus rates PHS:REG with a GF Score™ of 55/100 and a GF Value™ of ₱1.68 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 499 Asset Management companies, Republic Glass Holdings ranks better than 74.75% 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.
Republic Glass Holdings's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ₱1.80.
The industry rank for Republic Glass Holdings's Net-Net Working Capital or its related term are showing as below:
PHS:REG's Price-to-Net-Net-Working-Capital is ranked better than 74.75% of 499
companies
in the Asset Management industry
Industry Median: 6.28
vs PHS:REG: 1.79
Republic Glass Holdings (PHS:REG) 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.
Republic Glass Holdings Net-Net Working Capital Related Terms
Republic Glass Holdings Net-Net Working Capital Historical Data
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The historical data trend for Republic Glass Holdings'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.
Republic Glass Holdings Net-Net Working Capital Chart
PHS:REG vs BLK, BX, KKR: Net-Net Working Capital Comparison
For the Asset Management subindustry, Republic Glass Holdings'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.
Republic Glass Holdings Price-to-Net-Net-Working-Capital vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Republic Glass Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Republic Glass Holdings'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 ₱1.80 mean?
Republic Glass Holdings (PHS:REG) has a Net-Net Working Capital of ₱1.80 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 Republic Glass Holdings According to the industry distribution chart, Republic Glass Holdings ranks #126 out of 499 companies in the Asset Management industry, placing it in the top 25.3%.
Is Republic Glass Holdings' Net-Net Working Capital too high?
Republic Glass Holdings' current Net-Net Working Capital is ₱1.80. Based on the distribution chart, Republic Glass Holdings ranks #126 out of 499 companies in the Asset Management industry, which is above the industry midpoint. Overall, Republic Glass Holdings has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Republic Glass Holdings' Net-Net Working Capital compare to BLK and BX?
According to the Asset Management industry distribution chart, Republic Glass Holdings ranks #126 out of 499 companies for Net-Net Working Capital. This puts Republic Glass Holdings in the upper half of its industry. The industry median Net-Net Working Capital is 6.28. 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 Asset Management company?
The median Net-Net Working Capital among Asset Management companies is 6.28, based on 499 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 Republic Glass Holdings For the Asset Management industry, the median Net-Net Working Capital is 6.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Republic Glass Holdings's current Net-Net Working Capital is ₱1.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Republic Glass Holdings stock overvalued right now?
Based on GuruFocus' analysis, Republic Glass Holdings (PHS:REG) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱1.68, compared to a current price of ₱3.23 — trading 92.3% above its estimated fair value. The current Net-Net Working Capital is ₱1.80. Republic Glass Holdings' overall GF Score™ is 55/100 with 7 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 Republic Glass Holdings (PHS:REG), the current Net-Net Working Capital is ₱1.80 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 Republic Glass Holdings (PHS:REG) Overvalued in 2026?
Based on GuruFocus' analysis, Republic Glass Holdings stock appears to be overvalued.
The current stock price of ₱3.23 is trading 92.3% above its estimated GF Value™ of ₱1.68.
GuruFocus considers Republic Glass Holdings to be Significantly Overvalued.
Key valuation signals for PHS:REG:
Net-Net Working Capital: ₱1.80
GF Value™: ₱1.68 vs. price of ₱3.23 (92.3% above fair value)
No single metric tells the full story. See the PHS:REG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Republic Glass Holdings Corp is a Philippines-based company. It is engaged in purchasing, leasing, and selling securities of every kind of business. The operating segments of the Company are Core business which relates to the company's investment activities, which involve purchasing and trading financial assets and investing in other securities, and Support business which relates to the company's sale of investment properties.
55GF 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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