Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Sagicor Real Estate X Fund's Net-Net Working Capital for the quarter that ended in Dec. 2025 was JMD0.19.
The industry rank for Sagicor Real Estate X Fund's Net-Net Working Capital or its related term are showing as below:
XJAM:XFUND's Price-to-Net-Net-Working-Capital is ranked worse than 87.38% of 214
companies
in the Travel & Leisure industry
Industry Median: 6.545
vs XJAM:XFUND: 45.79
Sagicor Real Estate X Fund (XJAM:XFUND) 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.
Sagicor Real Estate X Fund Net-Net Working Capital Related Terms
Sagicor Real Estate X Fund 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.
Sagicor Real Estate X Fund Net-Net Working Capital Chart
Sagicor Real Estate X Fund Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Net-Net Working Capital
-0.27
-1.26
-0.80
-0.66
0.19
Sagicor Real Estate X Fund Semi-Annual Data
Dec21
Dec22
Dec23
Dec24
Dec25
Net-Net Working Capital
-0.27
-1.26
-0.80
-0.66
0.19
XJAM:XFUND vs MAR, HLT, H: Net-Net Working Capital Comparison
For the Lodging subindustry, Sagicor Real Estate X Fund'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.
Sagicor Real Estate X Fund Price-to-Net-Net-Working-Capital vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Sagicor Real Estate X Fund's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Sagicor Real Estate X Fund'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 JMD0.19 mean?
Sagicor Real Estate X Fund (XJAM:XFUND) has a Net-Net Working Capital of JMD0.19 as of Dec. 2025. 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 Sagicor Real Estate X Fund According to the industry distribution chart, Sagicor Real Estate X Fund ranks #187 out of 214 companies in the Travel & Leisure industry, placing it in the top 87.4%.
Is Sagicor Real Estate X Fund's Net-Net Working Capital too high?
Sagicor Real Estate X Fund's current Net-Net Working Capital is JMD0.19. Based on the distribution chart, Sagicor Real Estate X Fund ranks #187 out of 214 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Sagicor Real Estate X Fund has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sagicor Real Estate X Fund's Net-Net Working Capital compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Sagicor Real Estate X Fund ranks #187 out of 214 companies for Net-Net Working Capital. This places Sagicor Real Estate X Fund in the lower half of its industry. The industry median Net-Net Working Capital is 6.55. 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 Travel & Leisure company?
The median Net-Net Working Capital among Travel & Leisure companies is 6.55, based on 214 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 Sagicor Real Estate X Fund For the Travel & Leisure industry, the median Net-Net Working Capital is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sagicor Real Estate X Fund's current Net-Net Working Capital is JMD0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sagicor Real Estate X Fund stock overvalued right now?
Based on GuruFocus' analysis, Sagicor Real Estate X Fund (XJAM:XFUND) is currently considered Fairly Valued. The stock's GF Value™ is JMD9.26, compared to a current price of JMD8.70 — trading 6% below its estimated fair value. The current Net-Net Working Capital is JMD0.19. Sagicor Real Estate X Fund's overall GF Score™ is 64/100 with 2 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 Sagicor Real Estate X Fund (XJAM:XFUND), the current Net-Net Working Capital is JMD0.19 as of Dec. 2025. 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 Sagicor Real Estate X Fund (XJAM:XFUND) Overvalued in 2026?
Based on GuruFocus' analysis, Sagicor Real Estate X Fund stock appears to be undervalued.
The current stock price of JMD8.70 is trading 6% below its estimated GF Value™ of JMD9.26.
GuruFocus considers Sagicor Real Estate X Fund to be Fairly Valued.
Key valuation signals for XJAM:XFUND:
Net-Net Working Capital: JMD0.19
GF Value™: JMD9.26 vs. price of JMD8.70 (6% below fair value)
No single metric tells the full story. See the XJAM:XFUND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sagicor Real Estate X Fund Ltd is an International Business Company with property investments held through its subsidiaries. The Company's main business activity is to invest in hotel and commercial real estate activities and has engaged Sagicor Property Services (SPS) to manage and operate its direct and indirect real estate assets domiciled in Jamaica. The Group is organised into two primary business segments: Hotel Operations, comprising the direct ownership and operation of hotels and generating maximum revenue, and Commercial Operations, comprising indirect investment in real estate via the Sagicor Sigma Global Funds and the investment property in X Fund Properties Limited. The Group operates in the Caribbean and the United States of America, which generate maximum revenue.
64GF Score
Get the complete analysis for XJAM:XFUND
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XJAM:XFUND has been successfully added to your 
