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China Dongxiang (Group) CoCDGXY 60 Net-Net Working Capital is $5.18 as of Mar. 2026. GuruFocus rates CDGXY with a GF Score™ of 60/100 and a GF Value™ of $2.43 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 371 Manufacturing - Apparel & Accessories companies, China Dongxiang (Group) Co ranks better than 98.11% on this metric.
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 China Dongxiang (Group) Co's Net-Net Working Capital or its related term are showing as below:
CDGXY's Price-to-Net-Net-Working-Capital is ranked better than 98.11% of 371
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.07
vs CDGXY: 0.35
China Dongxiang (Group) Co (OTCPK:CDGXY) 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.
China Dongxiang (Group) Co Net-Net Working Capital Related Terms
China Dongxiang (Group) Co 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.
China Dongxiang (Group) Co Net-Net Working Capital Chart
CDGXY vs RL, LEVI, VFC: Net-Net Working Capital Comparison
For the Apparel Manufacturing subindustry, China Dongxiang (Group) Co'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.
China Dongxiang (Group) Co Price-to-Net-Net-Working-Capital vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Dongxiang (Group) Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where China Dongxiang (Group) Co'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 $5.18 mean?
China Dongxiang (Group) Co (CDGXY) has a Net-Net Working Capital of $5.18 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 China Dongxiang (Group) Co According to the industry distribution chart, China Dongxiang (Group) Co ranks #7 out of 371 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 1.9%.
Is China Dongxiang (Group) Co's Net-Net Working Capital too high?
China Dongxiang (Group) Co's current Net-Net Working Capital is $5.18. The Manufacturing - Apparel & Accessories industry median Net-Net Working Capital is 5.07. China Dongxiang (Group) Co's value of $5.18 is 2.2% above this industry median. Based on the distribution chart, China Dongxiang (Group) Co ranks #7 out of 371 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, China Dongxiang (Group) Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Dongxiang (Group) Co's Net-Net Working Capital compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, China Dongxiang (Group) Co ranks #7 out of 371 companies for Net-Net Working Capital. This places China Dongxiang (Group) Co in the top 2% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 5.07. China Dongxiang (Group) Co's value of $5.18 is 2.2% above this benchmark. 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 Manufacturing - Apparel & Accessories company?
The median Net-Net Working Capital among Manufacturing - Apparel & Accessories companies is 5.07, based on 371 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. China Dongxiang (Group) Co's current Net-Net Working Capital of $5.18 is 2.2% above the industry median. 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 China Dongxiang (Group) Co For the Manufacturing - Apparel & Accessories industry, the median Net-Net Working Capital is 5.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Dongxiang (Group) Co's current Net-Net Working Capital is $5.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Dongxiang (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, China Dongxiang (Group) Co (CDGXY) is currently considered Possible Value Trap. The stock's GF Value™ is $2.43, compared to a current price of $1.71 — trading 29.5% below its estimated fair value. The current Net-Net Working Capital is $5.18 and 2.2% above the Manufacturing - Apparel & Accessories industry median of 5.07. China Dongxiang (Group) Co's overall GF Score™ is 60/100 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 China Dongxiang (Group) Co (CDGXY), the current Net-Net Working Capital is $5.18 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 China Dongxiang (Group) Co (CDGXY) Overvalued in 2026?
Based on GuruFocus' analysis, China Dongxiang (Group) Co stock appears to be undervalued.
The current stock price of $1.71 is trading 29.5% below its estimated GF Value™ of $2.43.
GuruFocus considers China Dongxiang (Group) Co to be Possible Value Trap.
Key valuation signals for CDGXY:
Net-Net Working Capital: $5.18
GF Value™: $2.43 vs. price of $1.71 (29.5% below fair value)
Industry Position: 2.2% above the Manufacturing - Apparel & Accessories median (#7 of 371)
No single metric tells the full story. See the CDGXY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Dongxiang (Group) Co Ltd manufactures sports apparel and footwear. Its main brand is Kappa, which it sells in China. The company's primary sales channel is wholesale to distributors. The company also sells directly to consumers through company-operated retail stores and outlets in China, as well as through its e-commerce channel. It has two segments: China Sporting Goods and Investment. The China Sporting Goods segment engages in the distribution and retail sales of sports apparel under the Kappa brand and the Phenix brand, as well as the franchise fee income from such trademarks for certain products.
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