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Source Rock RoyaltiesSRRRF 40 Net-Net Working Capital is $0.07 as of Mar. 2026. GuruFocus rates SRRRF with a GF Score™ of 40/100 and a GF Value™ of $0.50 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 191 Oil & Gas companies, Source Rock Royalties ranks worse than 63.87% 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.
Source Rock Royalties's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $0.07.
The industry rank for Source Rock Royalties's Net-Net Working Capital or its related term are showing as below:
SRRRF's Price-to-Net-Net-Working-Capital is ranked worse than 63.87% of 191
companies
in the Oil & Gas industry
Industry Median: 6.26
vs SRRRF: 12.00
Source Rock Royalties (OTCPK:SRRRF) 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.
Source Rock Royalties Net-Net Working Capital Related Terms
Source Rock Royalties Net-Net Working Capital Historical Data
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The historical data trend for Source Rock Royalties'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.
Source Rock Royalties Net-Net Working Capital Chart
SRRRF vs WMB, EPD, KMI: Net-Net Working Capital Comparison
For the Oil & Gas Midstream subindustry, Source Rock Royalties'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.
Source Rock Royalties Price-to-Net-Net-Working-Capital vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Source Rock Royalties's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Source Rock Royalties'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 $0.07 mean?
Source Rock Royalties (SRRRF) has a Net-Net Working Capital of $0.07 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 Source Rock Royalties According to the industry distribution chart, Source Rock Royalties ranks #122 out of 191 companies in the Oil & Gas industry, placing it in the top 63.9%.
Is Source Rock Royalties' Net-Net Working Capital too high?
Source Rock Royalties' current Net-Net Working Capital is $0.07. The Oil & Gas industry median Net-Net Working Capital is 6.26. Source Rock Royalties' value of $0.07 is 98.9% below this industry median. Based on the distribution chart, Source Rock Royalties ranks #122 out of 191 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Source Rock Royalties has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Source Rock Royalties' Net-Net Working Capital compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Source Rock Royalties ranks #122 out of 191 companies for Net-Net Working Capital. This places Source Rock Royalties in the lower half of its industry. The industry median Net-Net Working Capital is 6.26. Source Rock Royalties' value of $0.07 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 an Oil & Gas company?
The median Net-Net Working Capital among Oil & Gas companies is 6.26, based on 191 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. Source Rock Royalties's current Net-Net Working Capital of $0.07 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 Source Rock Royalties For the Oil & Gas industry, the median Net-Net Working Capital is 6.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Source Rock Royalties's current Net-Net Working Capital is $0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Source Rock Royalties stock overvalued right now?
Based on GuruFocus' analysis, Source Rock Royalties (SRRRF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.50, compared to a current price of $0.72 — trading 44% above its estimated fair value. The current Net-Net Working Capital is $0.07 and 98.9% below the Oil & Gas industry median of 6.26. Source Rock Royalties' overall GF Score™ is 40/100 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 Source Rock Royalties (SRRRF), the current Net-Net Working Capital is $0.07 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 Source Rock Royalties (SRRRF) Overvalued in 2026?
Based on GuruFocus' analysis, Source Rock Royalties stock appears to be overvalued.
The current stock price of $0.72 is trading 44% above its estimated GF Value™ of $0.50.
GuruFocus considers Source Rock Royalties to be Significantly Overvalued.
Key valuation signals for SRRRF:
Net-Net Working Capital: $0.07
GF Value™: $0.50 vs. price of $0.72 (44% above fair value)
Industry Position: 98.9% below the Oil & Gas median (#122 of 191)
No single metric tells the full story. See the SRRRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Source Rock Royalties Ltd is engaged in royalty revenue from oil and natural gas properties as reserves are produced by the operators over the economic life of the properties. It focused on acquiring and managing oil and gas royalties and mineral title interests. It has an oil-focused portfolio of royalty interests concentrated in S.E. Saskatchewan, central Alberta, and west-central Saskatchewan.
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