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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.
Strathcona Resources's Net-Net Working Capital for the quarter that ended in Mar. 2026 was C$-21.20.
The industry rank for Strathcona Resources's Net-Net Working Capital or its related term are showing as below:
TSX:SCR's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 6.72 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Strathcona Resources (TSX:SCR) 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.
Strathcona Resources Net-Net Working Capital Related Terms
Strathcona Resources Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Strathcona Resources'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.
Strathcona Resources Net-Net Working Capital Chart
TSX:SCR vs COP, EOG, FANG: Net-Net Working Capital Comparison
For the Oil & Gas E&P subindustry, Strathcona Resources'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.
Strathcona Resources Price-to-Net-Net-Working-Capital vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Strathcona Resources's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Strathcona Resources'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$-21.20 mean?
Strathcona Resources (TSX:SCR) has a Net-Net Working Capital of C$-21.20 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Strathcona Resources According to the industry distribution chart, Strathcona Resources ranks #999999 out of 193 companies in the Oil & Gas industry.
Is Strathcona Resources' Net-Net Working Capital too high?
Strathcona Resources' current Net-Net Working Capital is C$-21.20. Based on the distribution chart, Strathcona Resources ranks #999999 out of 193 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Strathcona Resources has a GF Score™ of 40/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Strathcona Resources' Net-Net Working Capital compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Strathcona Resources ranks #999999 out of 193 companies for Net-Net Working Capital. This places Strathcona Resources in the lower half of its industry. The industry median Net-Net Working Capital is 6.72. 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 6.72, based on 193 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 Strathcona Resources For the Oil & Gas industry, the median Net-Net Working Capital is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Strathcona Resources's current Net-Net Working Capital is C$-21.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Strathcona Resources stock overvalued right now?
Based on GuruFocus' analysis, Strathcona Resources (TSX:SCR) is currently considered Modestly Overvalued. The stock's GF Value™ is C$30.38, compared to a current price of C$39.50 — trading 30% above its estimated fair value. The current Net-Net Working Capital is C$-21.20. Strathcona Resources' overall GF Score™ is 40/100 with 3 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 Strathcona Resources (TSX:SCR), the current Net-Net Working Capital is C$-21.20 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 Strathcona Resources (TSX:SCR) Overvalued in 2026?
Based on GuruFocus' analysis, Strathcona Resources stock appears to be overvalued.
The current stock price of C$39.50 is trading 30% above its estimated GF Value™ of C$30.38.
GuruFocus considers Strathcona Resources to be Modestly Overvalued.
Key valuation signals for TSX:SCR:
Net-Net Working Capital: C$-21.20
GF Value™: C$30.38 vs. price of C$39.50 (30% above fair value)
No single metric tells the full story. See the TSX:SCR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Strathcona Resources Ltd is an energy company, it is a consolidator and developer of oil and gas assets. It has three segments: Cold Lake, which includes the development and production of bitumen in the Cold Lake region of Northern Alberta; Lloydminster Thermal, which includes the development and production of heavy oil through thermal steam-assisted gravity drainage methods in Southwest Saskatchewan; and Lloydminster Conventional, which includes the development and production of heavy oil through both conventional and enhanced oil recovery initiatives in Southeast Alberta and Southwest Saskatchewan.
40GF Score
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