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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.
The industry rank for Khai Hoan Land Real Estate JSC's Net-Net Working Capital or its related term are showing as below:
STC:KHG's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.455 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Khai Hoan Land Real Estate JSC (STC:KHG) 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.
Khai Hoan Land Real Estate JSC Net-Net Working Capital Related Terms
Khai Hoan Land Real Estate JSC Net-Net Working Capital Historical Data
* 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.
Khai Hoan Land Real Estate JSC Net-Net Working Capital Chart
Khai Hoan Land Real Estate JSC Net-Net Working Capital Competitor Comparison
For the Real Estate - Development subindustry, Khai Hoan Land Real Estate JSC'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.
Khai Hoan Land Real Estate JSC Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Khai Hoan Land Real Estate JSC's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Khai Hoan Land Real Estate JSC'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 ₫-2,717.48 mean?
Khai Hoan Land Real Estate JSC (STC:KHG) has a Net-Net Working Capital of ₫-2,717.48 as of Jun. 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 Khai Hoan Land Real Estate JSC According to the industry distribution chart, Khai Hoan Land Real Estate JSC ranks #999999 out of 326 companies in the Real Estate industry.
Is Khai Hoan Land Real Estate JSC's Net-Net Working Capital too high?
Khai Hoan Land Real Estate JSC's current Net-Net Working Capital is ₫-2,717.48. Based on the distribution chart, Khai Hoan Land Real Estate JSC ranks #999999 out of 326 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Khai Hoan Land Real Estate JSC has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Khai Hoan Land Real Estate JSC's Net-Net Working Capital compare to competitors?
According to the Real Estate industry distribution chart, Khai Hoan Land Real Estate JSC ranks #999999 out of 326 companies for Net-Net Working Capital. This places Khai Hoan Land Real Estate JSC in the lower half of its industry. The industry median Net-Net Working Capital is 4.46. 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 4.46, 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. 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 Khai Hoan Land Real Estate JSC For the Real Estate industry, the median Net-Net Working Capital is 4.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Khai Hoan Land Real Estate JSC's current Net-Net Working Capital is ₫-2,717.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khai Hoan Land Real Estate JSC stock overvalued right now?
Based on GuruFocus' analysis, Khai Hoan Land Real Estate JSC (STC:KHG) is currently considered Possible Value Trap. The stock's GF Value™ is ₫10,566.72, compared to a current price of ₫4,740.00 — trading 55.1% below its estimated fair value. The current Net-Net Working Capital is ₫-2,717.48. Khai Hoan Land Real Estate JSC's overall GF Score™ is 58/100 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 Khai Hoan Land Real Estate JSC (STC:KHG), the current Net-Net Working Capital is ₫-2,717.48 as of Jun. 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 Khai Hoan Land Real Estate JSC (STC:KHG) Overvalued in 2026?
Based on GuruFocus' analysis, Khai Hoan Land Real Estate JSC stock appears to be undervalued.
The current stock price of ₫4,740.00 is trading 55.1% below its estimated GF Value™ of ₫10,566.72.
GuruFocus considers Khai Hoan Land Real Estate JSC to be Possible Value Trap.
Key valuation signals for STC:KHG:
Net-Net Working Capital: ₫-2,717.48
GF Value™: ₫10,566.72 vs. price of ₫4,740.00 (55.1% below fair value)
No single metric tells the full story. See the STC:KHG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Khai Hoan Land Real Estate JSC operates as a real estate developer and a broker. The companies business includes real estate consulting, brokerage services, auction of real estate, auction of land use rights; housing construction; site preparation; hotel service with threestart above quality standard (not operating at the head office); organization of introduction and trade promotion; construction of other civil engineering works; restaurants and catering services; trading real estate, land use rights of owners, leased or leased by the owners; retailing other goods in specialized stores; civil design activities; landscape maintenance services; wholesale of other household appliances; career education; other recreational activities.
58GF Score
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