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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.
BSP:DAYM11's Price-to-Net-Net-Working-Capital is ranked better than 71.43% of 112
companies
in the REITs industry
Industry Median: 16.305
vs BSP:DAYM11: 3.62
Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo (BSP:DAYM11) 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.
Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo Net-Net Working Capital Related Terms
Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo 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.
Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo Net-Net Working Capital Chart
Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Net-Net Working Capital
-2.03
-1.80
-1.78
-0.77
1.10
Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo Semi-Annual Data
Dec21
Dec22
Dec23
Dec24
Dec25
Net-Net Working Capital
-2.03
-1.80
-1.78
-0.77
1.10
BSP:DAYM11 vs EQIX, AMT, DLR: Net-Net Working Capital Comparison
* 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.
Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo Price-to-Net-Net-Working-Capital vs REITs Industry
* 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 R$1.10 mean?
Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo (BSP:DAYM11) has a Net-Net Working Capital of R$1.10 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 Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo According to the industry distribution chart, Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo ranks #32 out of 112 companies in the REITs industry, placing it in the top 28.6%.
Is Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo's Net-Net Working Capital too high?
Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo's current Net-Net Working Capital is R$1.10. Based on the distribution chart, Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo ranks #32 out of 112 companies in the REITs industry, which is above the industry midpoint. Overall, Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo's Net-Net Working Capital compare to EQIX and AMT?
According to the REITs industry distribution chart, Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo ranks #32 out of 112 companies for Net-Net Working Capital. This puts Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo in the upper half of its industry. The industry median Net-Net Working Capital is 16.31. 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 REITs company?
The median Net-Net Working Capital among REITs companies is 16.31, based on 112 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 Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo For the REITs industry, the median Net-Net Working Capital is 16.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo's current Net-Net Working Capital is R$1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo stock overvalued right now?
Based on GuruFocus' analysis, Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo (BSP:DAYM11) is currently considered Significantly Overvalued. The stock's GF Value™ is R$3.03, compared to a current price of R$3.98 — trading 31.4% above its estimated fair value. The current Net-Net Working Capital is R$1.10. Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo's overall GF Score™ is 57/100 with 5 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 Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo (BSP:DAYM11), the current Net-Net Working Capital is R$1.10 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 Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo (BSP:DAYM11) Overvalued in 2026?
Based on GuruFocus' analysis, Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo stock appears to be overvalued.
The current stock price of R$3.98 is trading 31.4% above its estimated GF Value™ of R$3.03.
GuruFocus considers Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo to be Significantly Overvalued.
Key valuation signals for BSP:DAYM11:
Net-Net Working Capital: R$1.10
GF Value™: R$3.03 vs. price of R$3.98 (31.4% above fair value)
No single metric tells the full story. See the BSP:DAYM11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo Business Description
Daycoval Real Estate Multiestrategia Fundo De Invest Imob De Respo Ltd is a real estate investment fund whose main objective is to earn income from rentals and capital gains based on the appreciation of its assets. The fund invests in commercial properties in the main urban regions of Brazil.
57GF Score
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