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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.
Ventia Services Group's Net-Net Working Capital for the quarter that ended in Dec. 2025 was A$-2.27.
The industry rank for Ventia Services Group's Net-Net Working Capital or its related term are showing as below:
ASX:VNT's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 6.095 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Ventia Services Group (ASX:VNT) 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.
Ventia Services Group Net-Net Working Capital Related Terms
Ventia Services Group Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Ventia Services Group'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.
Ventia Services Group Net-Net Working Capital Chart
Ventia Services Group Net-Net Working Capital Competitor Comparison
For the Infrastructure Operations subindustry, Ventia Services Group'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.
Ventia Services Group Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, Ventia Services Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Ventia Services Group'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$-2.27 mean?
Ventia Services Group (ASX:VNT) has a Net-Net Working Capital of A$-2.27 as of Dec. 2025. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Ventia Services Group According to the industry distribution chart, Ventia Services Group ranks #999999 out of 480 companies in the Construction industry.
Is Ventia Services Group's Net-Net Working Capital too high?
Ventia Services Group's current Net-Net Working Capital is A$-2.27. Based on the distribution chart, Ventia Services Group ranks #999999 out of 480 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Ventia Services Group has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ventia Services Group's Net-Net Working Capital compare to competitors?
According to the Construction industry distribution chart, Ventia Services Group ranks #999999 out of 480 companies for Net-Net Working Capital. This places Ventia Services Group in the lower half of its industry. The industry median Net-Net Working Capital is 6.10. 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 Construction company?
The median Net-Net Working Capital among Construction companies is 6.10, based on 480 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 Ventia Services Group For the Construction industry, the median Net-Net Working Capital is 6.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ventia Services Group's current Net-Net Working Capital is A$-2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ventia Services Group stock overvalued right now?
Based on GuruFocus' analysis, Ventia Services Group (ASX:VNT) is currently considered Significantly Overvalued. The stock's GF Value™ is A$4.36, compared to a current price of A$5.93 — trading 36% above its estimated fair value. The current Net-Net Working Capital is A$-2.27. Ventia Services Group's overall GF Score™ is 58/100 with 3 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 Ventia Services Group (ASX:VNT), the current Net-Net Working Capital is A$-2.27 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 Ventia Services Group (ASX:VNT) Overvalued in 2026?
Based on GuruFocus' analysis, Ventia Services Group stock appears to be overvalued.
The current stock price of A$5.93 is trading 36% above its estimated GF Value™ of A$4.36.
GuruFocus considers Ventia Services Group to be Significantly Overvalued.
Key valuation signals for ASX:VNT:
Net-Net Working Capital: A$-2.27
GF Value™: A$4.36 vs. price of A$5.93 (36% above fair value)
No single metric tells the full story. See the ASX:VNT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
While Ventia is not the largest player with an estimated sub 10% share of addressable markets, it is nonetheless a leading infrastructure maintenance services provider in Australia and New Zealand. Its capabilities span the full asset lifecycle including operations and maintenance, facilities management, minor capital works, environmental services, and other solutions. And its business model is favorably capital-light via flexing of a large contractor base complementing a deep pool of talented employees. Ventia has long-term relationships with a diverse range of public and private sector clients with many client relationships maintained for decades. Contracts are favorably long with an average five-year duration at inception and most containing some form of embedded price escalation.
58GF 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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