Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Safestore HoldingsSFSHF 78 Net-Net Working Capital is $-8.08 as of Apr. 2026. GuruFocus rates SFSHF with a GF Score™ of 78/100 and a GF Value™ of $11.43 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 112 REITs companies, Safestore Holdings ranks worse than 892856.25% 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.
Safestore Holdings's Net-Net Working Capital for the quarter that ended in Apr. 2026 was $-8.08.
The industry rank for Safestore Holdings's Net-Net Working Capital or its related term are showing as below:
SFSHF's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 16.75 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Safestore Holdings (OTCPK:SFSHF) 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.
Safestore Holdings Net-Net Working Capital Related Terms
Safestore Holdings Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Safestore 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.
SFSHF vs PLD, PSA, EXR: Net-Net Working Capital Comparison
For the REIT - Industrial subindustry, Safestore 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.
Safestore Holdings Price-to-Net-Net-Working-Capital vs REITs Industry
For the REITs industry and Real Estate sector, Safestore Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Safestore 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 $-8.08 mean?
Safestore Holdings (SFSHF) has a Net-Net Working Capital of $-8.08 as of Apr. 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 Safestore Holdings According to the industry distribution chart, Safestore Holdings ranks #999999 out of 112 companies in the REITs industry.
Is Safestore Holdings' Net-Net Working Capital too high?
Safestore Holdings' current Net-Net Working Capital is $-8.08. Based on the distribution chart, Safestore Holdings ranks #999999 out of 112 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Safestore Holdings has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Safestore Holdings' Net-Net Working Capital compare to PLD and PSA?
According to the REITs industry distribution chart, Safestore Holdings ranks #999999 out of 112 companies for Net-Net Working Capital. This places Safestore Holdings in the lower half of its industry. The industry median Net-Net Working Capital is 16.75. 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 16.75, based on 112 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 Safestore Holdings For the REITs industry, the median Net-Net Working Capital is 16.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safestore Holdings's current Net-Net Working Capital is $-8.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safestore Holdings stock overvalued right now?
Based on GuruFocus' analysis, Safestore Holdings (SFSHF) is currently considered Possible Value Trap. The stock's GF Value™ is $11.43, compared to a current price of $7.87 — trading 31.1% below its estimated fair value. The current Net-Net Working Capital is $-8.08. Safestore Holdings' overall GF Score™ is 78/100 with 6 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 Safestore Holdings (SFSHF), the current Net-Net Working Capital is $-8.08 as of Apr. 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 Safestore Holdings (SFSHF) Overvalued in 2026?
Based on GuruFocus' analysis, Safestore Holdings stock appears to be undervalued.
The current stock price of $7.87 is trading 31.1% below its estimated GF Value™ of $11.43.
GuruFocus considers Safestore Holdings to be Possible Value Trap.
Key valuation signals for SFSHF:
Net-Net Working Capital: $-8.08
GF Value™: $11.43 vs. price of $7.87 (31.1% below fair value)
No single metric tells the full story. See the SFSHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Safestore Holdings PLC is a real estate investment trust that owns and leases storage space located in Paris and the United Kingdom. The company focuses on provision of self-storage accommodation and related services. The company operates in three segments based on geographical areas, being the United Kingdom, Paris in France and Expansion Markets (Spain, the Netherlands and Belgium). It also derives revenue from the rental of self-storage space and the sale of ancillary products such as StoreProtect and merchandise (e.g. packing materials and padlocks).
78GF Score
Get the complete analysis for SFSHF
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SFSHF has been successfully added to your 
