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.
PTFC Redevelopment's Net-Net Working Capital for the quarter that ended in Feb. 2026 was ₱12.41.
The industry rank for PTFC Redevelopment's Net-Net Working Capital or its related term are showing as below:
PHS:TFC's Price-to-Net-Net-Working-Capital is ranked better than 53.64% of 330
companies
in the Real Estate industry
Industry Median: 4.7
vs PHS:TFC: 4.04
PTFC Redevelopment (PHS:TFC) 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.
PTFC Redevelopment Net-Net Working Capital Related Terms
PTFC Redevelopment Net-Net Working Capital Historical Data
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The historical data trend for PTFC Redevelopment'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.
PTFC Redevelopment Net-Net Working Capital Competitor Comparison
For the Real Estate - Diversified subindustry, PTFC Redevelopment'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.
PTFC Redevelopment Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, PTFC Redevelopment's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PTFC Redevelopment'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 ₱12.41 mean?
PTFC Redevelopment (PHS:TFC) has a Net-Net Working Capital of ₱12.41 as of Feb. 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 PTFC Redevelopment According to the industry distribution chart, PTFC Redevelopment ranks #153 out of 330 companies in the Real Estate industry, placing it in the top 46.4%.
Is PTFC Redevelopment's Net-Net Working Capital too high?
PTFC Redevelopment's current Net-Net Working Capital is ₱12.41. Based on the distribution chart, PTFC Redevelopment ranks #153 out of 330 companies in the Real Estate industry, which is above the industry midpoint. Overall, PTFC Redevelopment has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PTFC Redevelopment's Net-Net Working Capital compare to competitors?
According to the Real Estate industry distribution chart, PTFC Redevelopment ranks #153 out of 330 companies for Net-Net Working Capital. This puts PTFC Redevelopment in the upper half of its industry. The industry median Net-Net Working Capital is 4.70. 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 4.70, based on 330 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 PTFC Redevelopment For the Real Estate industry, the median Net-Net Working Capital is 4.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PTFC Redevelopment's current Net-Net Working Capital is ₱12.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PTFC Redevelopment stock overvalued right now?
Based on GuruFocus' analysis, PTFC Redevelopment (PHS:TFC) is currently considered Fairly Valued. The stock's GF Value™ is ₱49.55, compared to a current price of ₱50.10 — trading 1.1% above its estimated fair value. The current Net-Net Working Capital is ₱12.41. PTFC Redevelopment's overall GF Score™ is 95/100 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 PTFC Redevelopment (PHS:TFC), the current Net-Net Working Capital is ₱12.41 as of Feb. 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 PTFC Redevelopment (PHS:TFC) Overvalued in 2026?
Based on GuruFocus' analysis, PTFC Redevelopment stock appears to be overvalued.
The current stock price of ₱50.10 is trading 1.1% above its estimated GF Value™ of ₱49.55.
GuruFocus considers PTFC Redevelopment to be Fairly Valued.
Key valuation signals for PHS:TFC:
Net-Net Working Capital: ₱12.41
GF Value™: ₱49.55 vs. price of ₱50.10 (1.1% above fair value)
No single metric tells the full story. See the PHS:TFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PTFC Redevelopment Corp is engaged in acquiring, purchasing, selling, leasing, developing, managing, and otherwise dealing in land and real estate, including residential, commercial, industrial, recreational, and other types of property, mainly for profit and advantage. The company operates in a single segment focused on leasing activities and mainly conducts its operations in the Philippines.
95GF Score
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