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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.
Jordanian Duty Free Shops's Net-Net Working Capital for the quarter that ended in Mar. 2026 was JOD-3.61.
The industry rank for Jordanian Duty Free Shops's Net-Net Working Capital or its related term are showing as below:
AMM:JDFS's Price-to-Net-Net-Working-Capital is not ranked *
in the Retail - Cyclical industry.
Industry Median: 6 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Jordanian Duty Free Shops (AMM:JDFS) 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.
Jordanian Duty Free Shops Net-Net Working Capital Related Terms
Jordanian Duty Free Shops Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Jordanian Duty Free Shops'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.
Jordanian Duty Free Shops Net-Net Working Capital Chart
AMM:JDFS vs CASY, WSM, DKS: Net-Net Working Capital Comparison
For the Specialty Retail subindustry, Jordanian Duty Free Shops'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.
Jordanian Duty Free Shops Price-to-Net-Net-Working-Capital vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Jordanian Duty Free Shops's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Jordanian Duty Free Shops'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 JOD-3.61 mean?
Jordanian Duty Free Shops (AMM:JDFS) has a Net-Net Working Capital of JOD-3.61 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 Jordanian Duty Free Shops According to the industry distribution chart, Jordanian Duty Free Shops ranks #999999 out of 327 companies in the Retail - Cyclical industry.
Is Jordanian Duty Free Shops' Net-Net Working Capital too high?
Jordanian Duty Free Shops' current Net-Net Working Capital is JOD-3.61. Based on the distribution chart, Jordanian Duty Free Shops ranks #999999 out of 327 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Jordanian Duty Free Shops has a GF Score™ of 96/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jordanian Duty Free Shops' Net-Net Working Capital compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Jordanian Duty Free Shops ranks #999999 out of 327 companies for Net-Net Working Capital. This places Jordanian Duty Free Shops in the lower half of its industry. The industry median Net-Net Working Capital is 6.00. 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 Retail - Cyclical company?
The median Net-Net Working Capital among Retail - Cyclical companies is 6.00, 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 Jordanian Duty Free Shops For the Retail - Cyclical industry, the median Net-Net Working Capital is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jordanian Duty Free Shops's current Net-Net Working Capital is JOD-3.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jordanian Duty Free Shops stock overvalued right now?
Based on GuruFocus' analysis, Jordanian Duty Free Shops (AMM:JDFS) is currently considered Significantly Undervalued. The stock's GF Value™ is JOD9.86, compared to a current price of JOD6.32 — trading 35.9% below its estimated fair value. The current Net-Net Working Capital is JOD-3.61. Jordanian Duty Free Shops' overall GF Score™ is 96/100 with 4 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 Jordanian Duty Free Shops (AMM:JDFS), the current Net-Net Working Capital is JOD-3.61 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 Jordanian Duty Free Shops (AMM:JDFS) Overvalued in 2026?
Based on GuruFocus' analysis, Jordanian Duty Free Shops stock appears to be undervalued.
The current stock price of JOD6.32 is trading 35.9% below its estimated GF Value™ of JOD9.86.
GuruFocus considers Jordanian Duty Free Shops to be Significantly Undervalued.
Key valuation signals for AMM:JDFS:
Net-Net Working Capital: JOD-3.61
GF Value™: JOD9.86 vs. price of JOD6.32 (35.9% below fair value)
No single metric tells the full story. See the AMM:JDFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jordanian Duty Free Shops is engaged in the business of establishing, operating, managing, and investing in duty-free shops on border crossings. The company's various product offerings include Fragrances, Cosmetics, Accessories, Confectionery, Liquors, Cigarettes, and Tobacco, among others.
96GF Score
Get the complete analysis for AMM:JDFS
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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