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SOHO ChinaSOHOF -10.71%38 Net-Net Working Capital is $-0.82 as of Dec. 2025. GuruFocus rates SOHOF with a GF Score™ of 38/100 and a GF Value™ of $0.07 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 321 Real Estate companies, SOHO China ranks worse than 311526.17% 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.
SOHO China's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $-0.82.
The industry rank for SOHO China's Net-Net Working Capital or its related term are showing as below:
SOHOF's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.36 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
SOHO China (OTCPK:SOHOF) 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.
SOHO China Net-Net Working Capital Related Terms
SOHO China Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for SOHO China'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.
SOHOF vs CBRE, BEKE, JLL: Net-Net Working Capital Comparison
For the Real Estate Services subindustry, SOHO China'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.
SOHO China Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, SOHO China's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where SOHO China'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 $-0.82 mean?
SOHO China (SOHOF) has a Net-Net Working Capital of $-0.82 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 SOHO China According to the industry distribution chart, SOHO China ranks #999999 out of 321 companies in the Real Estate industry.
Is SOHO China's Net-Net Working Capital too high?
SOHO China's current Net-Net Working Capital is $-0.82. Based on the distribution chart, SOHO China ranks #999999 out of 321 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, SOHO China has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SOHO China's Net-Net Working Capital compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, SOHO China ranks #999999 out of 321 companies for Net-Net Working Capital. This places SOHO China in the lower half of its industry. The industry median Net-Net Working Capital is 4.36. 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 4.36, based on 321 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 SOHO China For the Real Estate industry, the median Net-Net Working Capital is 4.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SOHO China's current Net-Net Working Capital is $-0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SOHO China stock overvalued right now?
Based on GuruFocus' analysis, SOHO China (SOHOF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.07, compared to a current price of $0.04 — trading 40.7% below its estimated fair value. The current Net-Net Working Capital is $-0.82. SOHO China's overall GF Score™ is 38/100 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 SOHO China (SOHOF), the current Net-Net Working Capital is $-0.82 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 SOHO China (SOHOF) Overvalued in 2026?
Based on GuruFocus' analysis, SOHO China stock appears to be undervalued.
The current stock price of $0.04 is trading 40.7% below its estimated GF Value™ of $0.07.
GuruFocus considers SOHO China to be Possible Value Trap.
Key valuation signals for SOHOF:
Net-Net Working Capital: $-0.82
GF Value™: $0.07 vs. price of $0.04 (40.7% below fair value)
No single metric tells the full story. See the SOHOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SOHO China Ltd is engaged in the provision of property leasing and related services, and real estate development in the People's Republic of China. Its properties include Lize SOHO, Gubei SOHO, Wangjing SOHO, Galaxy SOHO, Lingkong SOHO, Commune at the foot of the Great Wall, Bund SOHO, SOHO Fuxing Plaza, SOHO Tianshan Plaza, Qianmen Street, Sanlitun SOHO, Guanghua Road SOHO II, Jianwai SOHO, SOHO Shangdu, Boao Blue Coast, Chaowai SOHO, SOHO Donghai Plaza, SOHO Zhongshan Plaza, Zhongguancun SOHO, SOHO Jiasheng Center, SOHO Modern City, Yangzheng Kindergarten, and others. It focuses on commercial properties in the core areas of Beijing and Shanghai that will benefit from an appreciation in value. All of its rental income is derived from China.
38GF Score
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