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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 Dampskibsselskabet Norden AS's Net-Net Working Capital or its related term are showing as below:
CHIX:DNORDc's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 6.18 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Dampskibsselskabet Norden AS (CHIX:DNORDc) 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.
Dampskibsselskabet Norden AS Net-Net Working Capital Related Terms
Dampskibsselskabet Norden AS 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.
Dampskibsselskabet Norden AS Net-Net Working Capital Chart
Dampskibsselskabet Norden AS Net-Net Working Capital Competitor Comparison
For the Marine Shipping subindustry, Dampskibsselskabet Norden AS'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.
Dampskibsselskabet Norden AS Price-to-Net-Net-Working-Capital vs Transportation Industry
For the Transportation industry and Industrials sector, Dampskibsselskabet Norden AS's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Dampskibsselskabet Norden AS'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 kr-120.64 mean?
Dampskibsselskabet Norden AS (CHIX:DNORDC) has a Net-Net Working Capital of kr-120.64 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 Dampskibsselskabet Norden AS According to the industry distribution chart, Dampskibsselskabet Norden AS ranks #999999 out of 219 companies in the Transportation industry.
Is Dampskibsselskabet Norden AS's Net-Net Working Capital too high?
Dampskibsselskabet Norden AS's current Net-Net Working Capital is kr-120.64. Based on the distribution chart, Dampskibsselskabet Norden AS ranks #999999 out of 219 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Dampskibsselskabet Norden AS has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dampskibsselskabet Norden AS's Net-Net Working Capital compare to competitors?
According to the Transportation industry distribution chart, Dampskibsselskabet Norden AS ranks #999999 out of 219 companies for Net-Net Working Capital. This places Dampskibsselskabet Norden AS in the lower half of its industry. The industry median Net-Net Working Capital is 6.18. 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 6.18, based on 219 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 Dampskibsselskabet Norden AS For the Transportation industry, the median Net-Net Working Capital is 6.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dampskibsselskabet Norden AS's current Net-Net Working Capital is kr-120.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dampskibsselskabet Norden AS stock overvalued right now?
Based on GuruFocus' analysis, Dampskibsselskabet Norden AS (CHIX:DNORDC) is currently considered Significantly Overvalued. The stock's GF Value™ is kr247.44, compared to a current price of kr336.60 — trading 36% above its estimated fair value. The current Net-Net Working Capital is kr-120.64. Dampskibsselskabet Norden AS's overall GF Score™ is 61/100 with 10 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 Dampskibsselskabet Norden AS (CHIX:DNORDC), the current Net-Net Working Capital is kr-120.64 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 Dampskibsselskabet Norden AS (CHIX:DNORDC) Overvalued in 2026?
Based on GuruFocus' analysis, Dampskibsselskabet Norden AS stock appears to be overvalued.
The current stock price of kr336.60 is trading 36% above its estimated GF Value™ of kr247.44.
GuruFocus considers Dampskibsselskabet Norden AS to be Significantly Overvalued.
Key valuation signals for CHIX:DNORDC:
Net-Net Working Capital: kr-120.64
GF Value™: kr247.44 vs. price of kr336.60 (36% above fair value)
No single metric tells the full story. See the CHIX:DNORDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dampskibsselskabet Norden AS is an independent shipping company. The company's operating segments include Assets & Logistics and Freight Services & Trading. It generates maximum revenue from Freight Services & Trading segment which offers transport of bulk commodities such as grain, coal, iron ore and sugar, and of fuel oil and refined oil products. Geographically, it generates revenue from China, Singapore, United States of America, Mexico and Other regions.
61GF Score
Get the complete analysis for CHIX:DNORDC
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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