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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:VTRU3's Price-to-Net-Net-Working-Capital is not ranked *
in the Education industry.
Industry Median: 4.985 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Vitru Brasil Empreendimentos Participacoes e Comercio (BSP:VTRU3) 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.
Vitru Brasil Empreendimentos Participacoes e Comercio Net-Net Working Capital Related Terms
Vitru Brasil Empreendimentos Participacoes e Comercio 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.
Vitru Brasil Empreendimentos Participacoes e Comercio Net-Net Working Capital Chart
Vitru Brasil Empreendimentos Participacoes e Comercio Annual Data
Trend
Dec23
Dec24
Dec25
Net-Net Working Capital
-23.86
-19.53
-16.65
Vitru Brasil Empreendimentos Participacoes e Comercio Quarterly Data
BSP:VTRU3 vs EDU, TAL, LAUR: Net-Net Working Capital Comparison
For the Education & Training Services subindustry, Vitru Brasil Empreendimentos Participacoes e Comercio'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.
Vitru Brasil Empreendimentos Participacoes e Comercio Price-to-Net-Net-Working-Capital vs Education 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$-11.44 mean?
Vitru Brasil Empreendimentos Participacoes e Comercio (BSP:VTRU3) has a Net-Net Working Capital of R$-11.44 as of Jun. 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 Vitru Brasil Empreendimentos Participacoes e Comercio According to the industry distribution chart, Vitru Brasil Empreendimentos Participacoes e Comercio ranks #999999 out of 94 companies in the Education industry.
Is Vitru Brasil Empreendimentos Participacoes e Comercio's Net-Net Working Capital too high?
Vitru Brasil Empreendimentos Participacoes e Comercio's current Net-Net Working Capital is R$-11.44. Based on the distribution chart, Vitru Brasil Empreendimentos Participacoes e Comercio ranks #999999 out of 94 companies in the Education industry, which is in the bottom quartile relative to peers. Overall, Vitru Brasil Empreendimentos Participacoes e Comercio has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Vitru Brasil Empreendimentos Participacoes e Comercio's Net-Net Working Capital compare to EDU and TAL?
According to the Education industry distribution chart, Vitru Brasil Empreendimentos Participacoes e Comercio ranks #999999 out of 94 companies for Net-Net Working Capital. This places Vitru Brasil Empreendimentos Participacoes e Comercio in the lower half of its industry. The industry median Net-Net Working Capital is 4.99. 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 an Education company?
The median Net-Net Working Capital among Education companies is 4.99, based on 94 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 Vitru Brasil Empreendimentos Participacoes e Comercio For the Education industry, the median Net-Net Working Capital is 4.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vitru Brasil Empreendimentos Participacoes e Comercio's current Net-Net Working Capital is R$-11.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vitru Brasil Empreendimentos Participacoes e Comercio stock overvalued right now?
Vitru Brasil Empreendimentos Participacoes e Comercio (BSP:VTRU3) has a current Net-Net Working Capital of R$-11.44. The current Net-Net Working Capital is R$-11.44. Vitru Brasil Empreendimentos Participacoes e Comercio's overall GF Score™ is 13/100 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 Vitru Brasil Empreendimentos Participacoes e Comercio (BSP:VTRU3), the current Net-Net Working Capital is R$-11.44 as of Jun. 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.
Vitru Brasil Empreendimentos Participacoes e Comercio SA invests in educational service providers and provides distance learning continuing education services through its subsidiaries. The group provides educational services in Brazil, mainly undergraduate and continuing education courses, offered in person at its campuses located throughout Brazil. Its operating segments are: Distance Learning Undergraduate Courses, In-person undergraduate programs, and Continuing education courses. Maximum revenue is generated from its Distance Learning business, which offers virtual learning opportunities in education, business administration, accounting, physical education, vocational training, engineering, and health-related courses.
13GF Score
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