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CortevaCTVA -11.90%77 Net-Net Working Capital is $-8.04 as of Jun. 2026. GuruFocus rates CTVA with a GF Score™ of 77/100 and a GF Value™ of $66.61 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 85 Agriculture companies, Corteva ranks worse than 1176469.41% 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.
Corteva's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $-8.04.
The industry rank for Corteva's Net-Net Working Capital or its related term are showing as below:
CTVA's Price-to-Net-Net-Working-Capital is not ranked *
in the Agriculture industry.
Industry Median: 7.97 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Corteva (NYSE:CTVA) 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.
Corteva Net-Net Working Capital Related Terms
Corteva Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Corteva'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.
CTVA vs CF, MOS, SMG: Net-Net Working Capital Comparison
For the Agricultural Inputs subindustry, Corteva'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.
Corteva Price-to-Net-Net-Working-Capital vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Corteva's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Corteva'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 $-8.04 mean?
Corteva (CTVA) has a Net-Net Working Capital of $-8.04 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 Corteva According to the industry distribution chart, Corteva ranks #999999 out of 85 companies in the Agriculture industry.
Is Corteva's Net-Net Working Capital too high?
Corteva's current Net-Net Working Capital is $-8.04. Based on the distribution chart, Corteva ranks #999999 out of 85 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, Corteva has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Corteva's Net-Net Working Capital compare to CF and MOS?
According to the Agriculture industry distribution chart, Corteva ranks #999999 out of 85 companies for Net-Net Working Capital. This places Corteva in the lower half of its industry. The industry median Net-Net Working Capital is 7.97. 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 Agriculture company?
The median Net-Net Working Capital among Agriculture companies is 7.97, based on 85 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 Corteva For the Agriculture industry, the median Net-Net Working Capital is 7.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Corteva's current Net-Net Working Capital is $-8.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corteva stock overvalued right now?
Based on GuruFocus' analysis, Corteva (CTVA) is currently considered Modestly Overvalued. The stock's GF Value™ is $66.61, compared to a current price of $78.71 — trading 18.2% above its estimated fair value. The current Net-Net Working Capital is $-8.04. Corteva's overall GF Score™ is 77/100 with 1 warning sign 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 Corteva (CTVA), the current Net-Net Working Capital is $-8.04 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.
Is Corteva (CTVA) Overvalued in 2026?
Based on GuruFocus' analysis, Corteva stock appears to be overvalued.
The current stock price of $78.71 is trading 18.2% above its estimated GF Value™ of $66.61.
GuruFocus considers Corteva to be Modestly Overvalued.
Key valuation signals for CTVA:
Net-Net Working Capital: $-8.04
GF Value™: $66.61 vs. price of $78.71 (18.2% above fair value)
No single metric tells the full story. See the CTVA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Corteva is an agricultural inputs pure play that was formed in 2019 when it was spun off from DowDuPont. The company is a leader in the development of new seed and crop protection products. Seeds generate the majority of profits with the remainder coming from crop protection products. Corteva plans to spin off its seeds business in late 2026. The seeds business will be named Vylor, while the crop protection business will retain the Corteva name and be a pure-play crop protection company following the divestiture. Corteva operates globally, but around half of revenue comes from North America.
77GF Score
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