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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.
Road King Infrastructure's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $-3.41.
The industry rank for Road King Infrastructure's Net-Net Working Capital or its related term are showing as below:
RKGXF's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.65 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Road King Infrastructure (OTCPK:RKGXF) 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.
Road King Infrastructure Net-Net Working Capital Related Terms
Road King Infrastructure Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Road King Infrastructure'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.
Road King Infrastructure Net-Net Working Capital Chart
Road King Infrastructure Net-Net Working Capital Competitor Comparison
For the Real Estate - Development subindustry, Road King Infrastructure'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.
Road King Infrastructure Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Road King Infrastructure's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Road King Infrastructure'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 $-3.41 mean?
Road King Infrastructure (RKGXF) has a Net-Net Working Capital of $-3.41 as of Dec. 2025. 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 Road King Infrastructure According to the industry distribution chart, Road King Infrastructure ranks #999999 out of 327 companies in the Real Estate industry.
Is Road King Infrastructure's Net-Net Working Capital too high?
Road King Infrastructure's current Net-Net Working Capital is $-3.41. Based on the distribution chart, Road King Infrastructure ranks #999999 out of 327 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Road King Infrastructure has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Road King Infrastructure's Net-Net Working Capital compare to competitors?
According to the Real Estate industry distribution chart, Road King Infrastructure ranks #999999 out of 327 companies for Net-Net Working Capital. This places Road King Infrastructure in the lower half of its industry. The industry median Net-Net Working Capital is 4.65. 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 4.65, based on 327 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 Road King Infrastructure For the Real Estate industry, the median Net-Net Working Capital is 4.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Road King Infrastructure's current Net-Net Working Capital is $-3.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Road King Infrastructure stock overvalued right now?
Road King Infrastructure (RKGXF) has a current Net-Net Working Capital of $-3.41. The stock's GF Value™ is $0.10, compared to a current price of $0.08 — trading 23.8% below its estimated fair value. The current Net-Net Working Capital is $-3.41. Road King Infrastructure's overall GF Score™ is 35/100 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 Road King Infrastructure (RKGXF), the current Net-Net Working Capital is $-3.41 as of Dec. 2025. 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 Road King Infrastructure (RKGXF) Overvalued in 2026?
Based on GuruFocus' analysis, Road King Infrastructure stock appears to be undervalued.
The current stock price of $0.08 is trading 23.8% below its estimated GF Value™ of $0.10.
Key valuation signals for RKGXF:
Net-Net Working Capital: $-3.41
GF Value™: $0.10 vs. price of $0.08 (23.8% below fair value)
No single metric tells the full story. See the RKGXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Road King Infrastructure Ltd engages in the operation of property development, investment and asset management businesses in Mainland China and Hong Kong and the investment in, development, operation and management of toll road projects in Southeast Asia. Its segments include Property development and investment engages in the development of properties for sale and for rental income and/or potential capital appreciation; Toll road engages in the development, operation and management of toll roads; and Investment and asset management engages in the property development and investment, integrated with property fund, cultural, tourist and commercial businesses. It derives the majority of revenue from Property development and investment segment. It operates in Mainland China and Hong Kong.
35GF Score
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