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Ready CapitalRC -3.66%31 Net-Net Working Capital is $-29.21 as of Mar. 2026. GuruFocus rates RC with a GF Score™ of 31/100 and a GF Value™ of $0.65 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 114 REITs companies, Ready Capital ranks worse than 877192.11% 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.
Ready Capital's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-29.21.
The industry rank for Ready Capital's Net-Net Working Capital or its related term are showing as below:
RC's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 17.445 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Ready Capital (NYSE:RC) 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.
Ready Capital Net-Net Working Capital Related Terms
Ready Capital Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Ready Capital'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.
RC vs NREF, MITT, CMTG: Net-Net Working Capital Comparison
For the REIT - Mortgage subindustry, Ready Capital'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.
Ready Capital Price-to-Net-Net-Working-Capital vs REITs Industry
For the REITs industry and Real Estate sector, Ready Capital's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Ready Capital'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 $-29.21 mean?
Ready Capital (RC) has a Net-Net Working Capital of $-29.21 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 Ready Capital According to the industry distribution chart, Ready Capital ranks #999999 out of 114 companies in the REITs industry.
Is Ready Capital's Net-Net Working Capital too high?
Ready Capital's current Net-Net Working Capital is $-29.21. Based on the distribution chart, Ready Capital ranks #999999 out of 114 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Ready Capital has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ready Capital's Net-Net Working Capital compare to NREF and MITT?
According to the REITs industry distribution chart, Ready Capital ranks #999999 out of 114 companies for Net-Net Working Capital. This places Ready Capital in the lower half of its industry. The industry median Net-Net Working Capital is 17.45. 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 17.45, 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 Ready Capital For the REITs industry, the median Net-Net Working Capital is 17.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ready Capital's current Net-Net Working Capital is $-29.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ready Capital stock overvalued right now?
Based on GuruFocus' analysis, Ready Capital (RC) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.65, compared to a current price of $1.58 — trading 143.1% above its estimated fair value. The current Net-Net Working Capital is $-29.21. Ready Capital's overall GF Score™ is 31/100 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 Ready Capital (RC), the current Net-Net Working Capital is $-29.21 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 Ready Capital (RC) Overvalued in 2026?
Based on GuruFocus' analysis, Ready Capital stock appears to be overvalued.
The current stock price of $1.58 is trading 143.1% above its estimated GF Value™ of $0.65.
GuruFocus considers Ready Capital to be Significantly Overvalued.
Key valuation signals for RC:
Net-Net Working Capital: $-29.21
GF Value™: $0.65 vs. price of $1.58 (143.1% above fair value)
No single metric tells the full story. See the RC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ready Capital Corp is a real estate finance company that originates, acquires, finances, and services LMM loans, SBA loans, construction loans, USDA loans and, to a lesser extent, MBS collateralized mainly by LMM loans or other real estate-related investments. Its loans are used by businesses to purchase real estate used in their operations or by investors seeking to acquire multi-family, office, retail, mixed use or warehouse properties. It operates through two segments: LMM Commercial Real Estate, which originates LMM loans across the life-cycle of an LMM property including construction, bridge, stabilized and agency loan channels, and Small Business Lending, which acquires, originates and services owner-occupied loans guaranteed by the SBA and also originates and services USDA loans.
31GF Score
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