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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.
WAR:KCI's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.57 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Krakowskie Centrum Inwestycyjne (WAR:KCI) 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.
Krakowskie Centrum Inwestycyjne Net-Net Working Capital Related Terms
Krakowskie Centrum Inwestycyjne 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.
Krakowskie Centrum Inwestycyjne Net-Net Working Capital Chart
Krakowskie Centrum Inwestycyjne Net-Net Working Capital Competitor Comparison
For the Real Estate - Development subindustry, Krakowskie Centrum Inwestycyjne'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.
Krakowskie Centrum Inwestycyjne Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Krakowskie Centrum Inwestycyjne's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Krakowskie Centrum Inwestycyjne'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 zł-0.71 mean?
Krakowskie Centrum Inwestycyjne (WAR:KCI) has a Net-Net Working Capital of zł-0.71 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 Krakowskie Centrum Inwestycyjne According to the industry distribution chart, Krakowskie Centrum Inwestycyjne ranks #999999 out of 327 companies in the Real Estate industry.
Is Krakowskie Centrum Inwestycyjne's Net-Net Working Capital too high?
Krakowskie Centrum Inwestycyjne's current Net-Net Working Capital is zł-0.71. Based on the distribution chart, Krakowskie Centrum Inwestycyjne ranks #999999 out of 327 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Krakowskie Centrum Inwestycyjne has a GF Score™ of 31/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Krakowskie Centrum Inwestycyjne's Net-Net Working Capital compare to competitors?
According to the Real Estate industry distribution chart, Krakowskie Centrum Inwestycyjne ranks #999999 out of 327 companies for Net-Net Working Capital. This places Krakowskie Centrum Inwestycyjne in the lower half of its industry. The industry median Net-Net Working Capital is 4.57. 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 4.57, based on 327 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 Krakowskie Centrum Inwestycyjne For the Real Estate industry, the median Net-Net Working Capital is 4.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Krakowskie Centrum Inwestycyjne's current Net-Net Working Capital is zł-0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Krakowskie Centrum Inwestycyjne stock overvalued right now?
Based on GuruFocus' analysis, Krakowskie Centrum Inwestycyjne (WAR:KCI) is currently considered Fairly Valued. The stock's GF Value™ is zł0.85, compared to a current price of zł0.92 — trading 7.8% above its estimated fair value. The current Net-Net Working Capital is zł-0.71. Krakowskie Centrum Inwestycyjne's overall GF Score™ is 31/100 with 5 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 Krakowskie Centrum Inwestycyjne (WAR:KCI), the current Net-Net Working Capital is zł-0.71 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 Krakowskie Centrum Inwestycyjne (WAR:KCI) Overvalued in 2026?
Based on GuruFocus' analysis, Krakowskie Centrum Inwestycyjne stock appears to be overvalued.
The current stock price of zł0.92 is trading 7.8% above its estimated GF Value™ of zł0.85.
GuruFocus considers Krakowskie Centrum Inwestycyjne to be Fairly Valued.
Key valuation signals for WAR:KCI:
Net-Net Working Capital: zł-0.71
GF Value™: zł0.85 vs. price of zł0.92 (7.8% above fair value)
No single metric tells the full story. See the WAR:KCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Krakowskie Centrum Inwestycyjne SA is a Poland based company whose activity is currently focused in two areas: in the predevelopment segment, based on real estate on Romanowicza Street and premises in Warsaw, as well as media segment built around press titles such as Rzeczpospolita and Gazeta Gieldy among others.
31GF Score
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