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.
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.
Shimao Services Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $0.05.
The industry rank for Shimao Services Holdings's Net-Net Working Capital or its related term are showing as below:
SHMSF's Price-to-Net-Net-Working-Capital is ranked better than 88.65% of 326
companies
in the Real Estate industry
Industry Median: 4.51
vs SHMSF: 0.96
Shimao Services Holdings (OTCPK:SHMSF) 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.
Shimao Services Holdings Net-Net Working Capital Related Terms
Shimao Services Holdings Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Shimao Services 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.
Shimao Services Holdings Net-Net Working Capital Chart
SHMSF vs CBRE, BEKE, JLL: Net-Net Working Capital Comparison
For the Real Estate Services subindustry, Shimao Services 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.
Shimao Services Holdings Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Shimao Services Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Shimao Services 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 $0.05 mean?
Shimao Services Holdings (SHMSF) has a Net-Net Working Capital of $0.05 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 Shimao Services Holdings According to the industry distribution chart, Shimao Services Holdings ranks #37 out of 326 companies in the Real Estate industry, placing it in the top 11.3%.
Is Shimao Services Holdings' Net-Net Working Capital too high?
Shimao Services Holdings' current Net-Net Working Capital is $0.05. The Real Estate industry median Net-Net Working Capital is 4.51. Shimao Services Holdings' value of $0.05 is 98.9% below this industry median. Based on the distribution chart, Shimao Services Holdings ranks #37 out of 326 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Shimao Services Holdings has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Shimao Services Holdings' Net-Net Working Capital compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Shimao Services Holdings ranks #37 out of 326 companies for Net-Net Working Capital. This places Shimao Services Holdings in the top 11% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 4.51. Shimao Services Holdings' value of $0.05 is 98.9% below this benchmark. 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 4.51, based on 326 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. Shimao Services Holdings's current Net-Net Working Capital of $0.05 is 98.9% below the industry median. 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 Shimao Services Holdings For the Real Estate industry, the median Net-Net Working Capital is 4.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shimao Services Holdings's current Net-Net Working Capital is $0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shimao Services Holdings stock overvalued right now?
Shimao Services Holdings (SHMSF) has a current Net-Net Working Capital of $0.05. The stock's GF Value™ is $0.12, compared to a current price of $0.06 — trading 52.1% below its estimated fair value. The current Net-Net Working Capital is $0.05 and 98.9% below the Real Estate industry median of 4.51. Shimao Services Holdings' overall GF Score™ is 63/100 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 Shimao Services Holdings (SHMSF), the current Net-Net Working Capital is $0.05 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 Shimao Services Holdings (SHMSF) Overvalued in 2026?
Based on GuruFocus' analysis, Shimao Services Holdings stock appears to be undervalued.
The current stock price of $0.06 is trading 52.1% below its estimated GF Value™ of $0.12.
Key valuation signals for SHMSF:
Net-Net Working Capital: $0.05
GF Value™: $0.12 vs. price of $0.06 (52.1% below fair value)
Industry Position: 98.9% below the Real Estate median (#37 of 326)
No single metric tells the full story. See the SHMSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shimao Services Holdings Ltd is engaged in the provision of property management services, community value-added services, value-added services to non-property owners, and city services in the People's Republic of China (the PRC). Its segments include Property management and related services, which include property management services, community value-added services, and value-added services to non-property owners; and City services, which include sanitation, cleaning, sewage, and waste treatment business. It derives the majority of revenue from the Property management and related services segment from the PRC.
63GF Score
Get the complete analysis for SHMSF
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
SHMSF has been successfully added to your 
