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SIR Royaltyome FundSIRZF 51 Net-Net Working Capital is $-0.43 as of Mar. 2026. GuruFocus rates SIRZF with a GF Score™ of 51/100 and a GF Value™ of $6.94 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 47 Restaurants companies, SIR Royaltyome Fund ranks worse than 2127657.45% 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.
SIR Royaltyome Fund's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-0.43.
The industry rank for SIR Royaltyome Fund's Net-Net Working Capital or its related term are showing as below:
SIRZF's Price-to-Net-Net-Working-Capital is not ranked *
in the Restaurants industry.
Industry Median: 17.37 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
SIR Royaltyome Fund (OTCPK:SIRZF) 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.
SIR Royaltyome Fund Net-Net Working Capital Related Terms
SIR Royaltyome Fund Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for SIR Royaltyome Fund'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.
SIRZF vs MCD, SBUX, YUM: Net-Net Working Capital Comparison
For the Restaurants subindustry, SIR Royaltyome Fund'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.
SIR Royaltyome Fund Price-to-Net-Net-Working-Capital vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, SIR Royaltyome Fund's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where SIR Royaltyome Fund'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 $-0.43 mean?
SIR Royaltyome Fund (SIRZF) has a Net-Net Working Capital of $-0.43 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 SIR Royaltyome Fund According to the industry distribution chart, SIR Royaltyome Fund ranks #999999 out of 47 companies in the Restaurants industry.
Is SIR Royaltyome Fund's Net-Net Working Capital too high?
SIR Royaltyome Fund's current Net-Net Working Capital is $-0.43. Based on the distribution chart, SIR Royaltyome Fund ranks #999999 out of 47 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, SIR Royaltyome Fund has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SIR Royaltyome Fund's Net-Net Working Capital compare to MCD and SBUX?
According to the Restaurants industry distribution chart, SIR Royaltyome Fund ranks #999999 out of 47 companies for Net-Net Working Capital. This places SIR Royaltyome Fund in the lower half of its industry. The industry median Net-Net Working Capital is 17.37. 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 Restaurants company?
The median Net-Net Working Capital among Restaurants companies is 17.37, based on 47 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 SIR Royaltyome Fund For the Restaurants industry, the median Net-Net Working Capital is 17.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SIR Royaltyome Fund's current Net-Net Working Capital is $-0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SIR Royaltyome Fund stock overvalued right now?
Based on GuruFocus' analysis, SIR Royaltyome Fund (SIRZF) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.94, compared to a current price of $11.49 — trading 65.6% above its estimated fair value. The current Net-Net Working Capital is $-0.43. SIR Royaltyome Fund's overall GF Score™ is 51/100 with 7 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 SIR Royaltyome Fund (SIRZF), the current Net-Net Working Capital is $-0.43 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 SIR Royaltyome Fund (SIRZF) Overvalued in 2026?
Based on GuruFocus' analysis, SIR Royaltyome Fund stock appears to be overvalued.
The current stock price of $11.49 is trading 65.6% above its estimated GF Value™ of $6.94.
GuruFocus considers SIR Royaltyome Fund to be Significantly Overvalued.
Key valuation signals for SIRZF:
Net-Net Working Capital: $-0.43
GF Value™: $6.94 vs. price of $11.49 (65.6% above fair value)
No single metric tells the full story. See the SIRZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SIR Royalty Income Fund holds an investment in SIR (Service Inspired Restaurant) Corp, which is a privately held corporation that owns and operates a diverse portfolio of restaurants in Canada. It has concept restaurant brands, including Jack Astor's Bar and Grill, Scaddabush Italian Kitchen & Bar, and SIR's signature restaurant brands, including Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose. The fund receives distribution income from its investment in the partnership and interest income from the SIR Loan. It generates revenue through the license and royalty agreement from its investments in partnerships.
51GF Score
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