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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.
The industry rank for Dalrymple Bay Infrastructure's Net-Net Working Capital or its related term are showing as below:
ASX:DBI's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 6.46 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Dalrymple Bay Infrastructure (ASX:DBI) 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.
Dalrymple Bay Infrastructure Net-Net Working Capital Related Terms
Dalrymple Bay Infrastructure 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.
Dalrymple Bay Infrastructure Net-Net Working Capital Chart
ASX:DBI vs UPS, FDX, JBHT: Net-Net Working Capital Comparison
For the Integrated Freight & Logistics subindustry, Dalrymple Bay Infrastructure'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.
Dalrymple Bay Infrastructure Price-to-Net-Net-Working-Capital vs Transportation Industry
For the Transportation industry and Industrials sector, Dalrymple Bay Infrastructure's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Dalrymple Bay Infrastructure'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 A$-4.75 mean?
Dalrymple Bay Infrastructure (ASX:DBI) has a Net-Net Working Capital of A$-4.75 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 Dalrymple Bay Infrastructure According to the industry distribution chart, Dalrymple Bay Infrastructure ranks #999999 out of 220 companies in the Transportation industry.
Is Dalrymple Bay Infrastructure's Net-Net Working Capital too high?
Dalrymple Bay Infrastructure's current Net-Net Working Capital is A$-4.75. Based on the distribution chart, Dalrymple Bay Infrastructure ranks #999999 out of 220 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Dalrymple Bay Infrastructure has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dalrymple Bay Infrastructure's Net-Net Working Capital compare to UPS and FDX?
According to the Transportation industry distribution chart, Dalrymple Bay Infrastructure ranks #999999 out of 220 companies for Net-Net Working Capital. This places Dalrymple Bay Infrastructure in the lower half of its industry. The industry median Net-Net Working Capital is 6.46. 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 Transportation company?
The median Net-Net Working Capital among Transportation companies is 6.46, based on 220 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 Dalrymple Bay Infrastructure For the Transportation industry, the median Net-Net Working Capital is 6.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dalrymple Bay Infrastructure's current Net-Net Working Capital is A$-4.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dalrymple Bay Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Dalrymple Bay Infrastructure (ASX:DBI) is currently considered Significantly Overvalued. The stock's GF Value™ is A$4.00, compared to a current price of A$5.35 — trading 33.8% above its estimated fair value. The current Net-Net Working Capital is A$-4.75. Dalrymple Bay Infrastructure's overall GF Score™ is 47/100 with 11 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 Dalrymple Bay Infrastructure (ASX:DBI), the current Net-Net Working Capital is A$-4.75 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 Dalrymple Bay Infrastructure (ASX:DBI) Overvalued in 2026?
Based on GuruFocus' analysis, Dalrymple Bay Infrastructure stock appears to be overvalued.
The current stock price of A$5.35 is trading 33.8% above its estimated GF Value™ of A$4.00.
GuruFocus considers Dalrymple Bay Infrastructure to be Significantly Overvalued.
Key valuation signals for ASX:DBI:
Net-Net Working Capital: A$-4.75
GF Value™: A$4.00 vs. price of A$5.35 (33.8% above fair value)
No single metric tells the full story. See the ASX:DBI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dalrymple Bay Infrastructure operates the Dalrymple Bay Coal Terminal near Mackay in Central Queensland. It serves close to 20 coal mines in the central Bowen Basin and has maximum capacity to export 84 million metric tons per year. The terminal is lightly regulated under the purview of the Queensland Competition Authority. The firm has a lease over the terminal until 2051, with an option to extend to 2100.
47GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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