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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.
TSX:BRE's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.345 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Bridgemarq Real Estate Services (TSX:BRE) 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.
Bridgemarq Real Estate Services Net-Net Working Capital Related Terms
Bridgemarq Real Estate Services 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.
Bridgemarq Real Estate Services Net-Net Working Capital Chart
TSX:BRE vs CBRE, BEKE, JLL: Net-Net Working Capital Comparison
For the Real Estate Services subindustry, Bridgemarq Real Estate Services'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.
Bridgemarq Real Estate Services Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Bridgemarq Real Estate Services's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Bridgemarq Real Estate Services'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 C$-20.43 mean?
Bridgemarq Real Estate Services (TSX:BRE) has a Net-Net Working Capital of C$-20.43 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 Bridgemarq Real Estate Services According to the industry distribution chart, Bridgemarq Real Estate Services ranks #999999 out of 320 companies in the Real Estate industry.
Is Bridgemarq Real Estate Services' Net-Net Working Capital too high?
Bridgemarq Real Estate Services' current Net-Net Working Capital is C$-20.43. Based on the distribution chart, Bridgemarq Real Estate Services ranks #999999 out of 320 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Bridgemarq Real Estate Services has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bridgemarq Real Estate Services' Net-Net Working Capital compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Bridgemarq Real Estate Services ranks #999999 out of 320 companies for Net-Net Working Capital. This places Bridgemarq Real Estate Services in the lower half of its industry. The industry median Net-Net Working Capital is 4.35. 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 4.35, based on 320 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 Bridgemarq Real Estate Services For the Real Estate industry, the median Net-Net Working Capital is 4.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bridgemarq Real Estate Services's current Net-Net Working Capital is C$-20.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bridgemarq Real Estate Services stock overvalued right now?
Based on GuruFocus' analysis, Bridgemarq Real Estate Services (TSX:BRE) is currently considered Possible Value Trap. The stock's GF Value™ is C$27.92, compared to a current price of C$4.21 — trading 84.9% below its estimated fair value. The current Net-Net Working Capital is C$-20.43. Bridgemarq Real Estate Services' overall GF Score™ is 65/100 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 Bridgemarq Real Estate Services (TSX:BRE), the current Net-Net Working Capital is C$-20.43 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 Bridgemarq Real Estate Services (TSX:BRE) Overvalued in 2026?
Based on GuruFocus' analysis, Bridgemarq Real Estate Services stock appears to be undervalued.
The current stock price of C$4.21 is trading 84.9% below its estimated GF Value™ of C$27.92.
GuruFocus considers Bridgemarq Real Estate Services to be Possible Value Trap.
Key valuation signals for TSX:BRE:
Net-Net Working Capital: C$-20.43
GF Value™: C$27.92 vs. price of C$4.21 (84.9% below fair value)
No single metric tells the full story. See the TSX:BRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bridgemarq Real Estate Services Inc is a Canadian real estate services company that provides services to real estate brokers and their agents, supplying REALTORS with information, tools, and services to support the delivery of real estate sales services. The Company operates through two segments: Brokerage Operations, which generate maximum revenue and operate full-service real estate brokerages under the Royal LePage, Proprio Direct, Via Capitale, Johnston & Daniel and Les Immeubles Mont-Tremblant brands; and Franchise Operations, which provide franchise services to brokerages under the Royal LePage brand across Canada, the Via Capitale brand in Quebec, and Johnston & Daniel in southern Ontario.
65GF Score
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