Pep Boys - Manny Moe & Jack (Pep Boys - Manny Moe & Jack) Net-Net Working Capital : $-9.87 (As of Oct. 2015)

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What is Pep Boys - Manny Moe & Jack Net-Net Working Capital?

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.

Pep Boys - Manny Moe & Jack's Net-Net Working Capital for the quarter that ended in Oct. 2015 was $-9.87.

The industry rank for Pep Boys - Manny Moe & Jack's Net-Net Working Capital or its related term are showing as below:

PBY's Price-to-Net-Net-Working-Capital is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 7.82
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Pep Boys - Manny Moe & Jack Net-Net Working Capital Historical Data

The historical data trend for Pep Boys - Manny Moe & Jack'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.

* Premium members only.

Pep Boys - Manny Moe & Jack Net-Net Working Capital Chart

Pep Boys - Manny Moe & Jack Annual Data

Trend

Jan06

Jan07

Jan08

Jan09

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Net-Net Working Capital

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-13.14

-14.12

-12.59

-12.57

-11.72

Pep Boys - Manny Moe & Jack Quarterly Data
	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15
Net-Net Working Capital	Get a 7-Day Free Trial															-11.79	-11.72	-11.01	-10.37	-9.87

Competitive Comparison of Pep Boys - Manny Moe & Jack's Net-Net Working Capital

For the Auto Parts subindustry, Pep Boys - Manny Moe & Jack'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.

Pep Boys - Manny Moe & Jack's Price-to-Net-Net-Working-Capital Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Pep Boys - Manny Moe & Jack's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Pep Boys - Manny Moe & Jack's Price-to-Net-Net-Working-Capital falls into.

Pep Boys - Manny Moe & Jack Net-Net Working Capital Calculation

Pep Boys - Manny Moe & Jack's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jan. 2015 is calculated as

	Net-Net Working Capital		(A: Jan. 2015 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(38.044	+	0.75 * 31.013	+	0.5 * 656.957	-	1017.591
-	0	-	0)	/	53.5688
=	-11.72

Pep Boys - Manny Moe & Jack's Net-Net Working Capital (NNWC) per share for the quarter that ended in Oct. 2015 is calculated as

	Net-Net Working Capital		(Q: Oct. 2015 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(71.332	+	0.75 * 31.743	+	0.5 * 630.608	-	944.663
-	0	-	0)	/	54.1039
=	-9.87

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.

Pep Boys - Manny Moe & Jack (NYSE:PBY) 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.

Pep Boys - Manny Moe & Jack Net-Net Working Capital Related Terms

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Pep Boys - Manny Moe & Jack (Pep Boys - Manny Moe & Jack) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pep Boys - Manny Moe & Jack (NYSE:PBY) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.pepboys.com

Pep Boys - Manny Moe & Jack began operations in 1921. The Company together with its subsidiaries offers automotive service, tires, parts and accessories. The Company operates in the U.S. automotive aftermarket, which has two general lines of business: the Service business, commonly known as Do-It-For-Me, or "DIFM" (service labor, installed merchandise and tires) and the Retail business, commonly known as Do-It-Yourself, or "DIY" (retail merchandise) and commercial. The Company's store format is the Supercenter, which serves both "DIFM" and "DIY" customers with quality service offerings and merchandise. The Company is complementing the existing Supercenter store base with Service & Tire Centers. These Service & Tire Centers are designed to capture market share and leverage the existing Supercenter and support infrastructure. The Company currently operates stores in 35 states and Puerto Rico. The Company has eight operating segments defined by geographic regions. Each Pep Boys Supercenter carries a similar product line, with variations based on the number and type of cars in the market where the store is located. A Pep Boys Service & Tire Center carries tires and a limited selection of its products. The Company's product lines include: tires batteries; new and remanufactured parts for domestic and import vehicles; chemicals and maintenance items; fashion, electronic, and performance accessories; and a limited amount of select non-automotive merchandise. In addition to offering various high quality name brand products, the Company sells an array of high quality products under various private label names. The Company sells tires under the names DEFINITY, FUTURA and CORNELL, and batteries under the name PROSTART. It also sells wheel covers under the name FUTURA; air filters, anti-freeze, chemicals, cv axles, hub assemblies, lubricants, oil, oil filters, oil treatments, transmission fluids, custom wheels and wiper blades under the name PROLINE; alternators, battery booster packs, alkaline type batteries and starters under the name PROSTART; power steering hoses, chassis parts and power steering pumps under the name PROSTEER; brakes under the name PROSTOP and brakes, batteries, starters, ignitions and chassis under the name VALUEGRADE. The Company's commercial automotive parts delivery program, branded PEP EXPRESS PARTS, is designed to increase the Company's market share with the professional installer and to leverage its inventory investment. The program satisfies the commercial customer's automotive inventory needs by taking advantage of the breadth and quality of the Company's parts inventory as well as its experience supplying its own service bays and mechanics. The Company has a point-of-sale system in all of its stores, which gathers sales and inventory data by stock-keeping unit from each store on a daily basis. It has an electronic parts catalog that allows its associates to efficiently look up the parts that its customers need

Executives

Andrea Weiss	director	23 RAMRAPO COURT WEST, GLENROCK NJ 07452
James A Mitarotonda	director	888 SEVENTH AVENUE 17TH FL, NEW YORK NY 10019
Robert L Nardelli	director	2455 PACES FERRY ROAD, ATLANTA GA 30339
Liebau Frederic Jack Jr	director	P.O. BOX 2200, PASADENA CA 91102-2200
Robert H Hotz	director	C/O MIKASA, 20633 S FORDYCE AVENUE, LONG BEACH CA 90810
Robert Rosenblatt	director	C/O TOMMY HILFIGER USA INC, 25 W 39TH STREET, NEW YORK NY 10018
Jane Scaccetti	director	3111 W ALLEGHENY AVE, PHILADELPHIA PA 19132
Bruce M Lisman	director	C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403
Scott P Sider	director, officer: Chief Executive Officer	THE HERTZ CORPORATION, 225 BRAE BOULEVARD, PARK RIDGE NJ 07656
Matthew Goldfarb	director	C/O DIEBOLD NIXDORF, INCORPORATED, 5995 MAYFAIR ROAD, NORTH CANTON OH 44720
Icahn Enterprises Holdings L.p.	10 percent owner	16690 COLLINS AVE,, PH, SUNNY ISLES FL 33160
Carl C Icahn	10 percent owner	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Ggcp, Inc.	10 percent owner	189 MASON STREET, GREENWICH CT 06830
Gamco Investors, Inc. Et Al	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Mario J Gabelli	10 percent owner	191 MASON STREET, GREENWICH CT 06830