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Donaldson CoDCI -3.13%93 Net-Net Working Capital is $-3.40 as of Apr. 2026. GuruFocus rates DCI with a GF Score™ of 93/100 and a GF Value™ of $81.56 (Modestly Overvalued). Among 1,362 Industrial Products companies, Donaldson Co ranks worse than 73421.37% 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.
Donaldson Co's Net-Net Working Capital for the quarter that ended in Apr. 2026 was $-3.40.
The industry rank for Donaldson Co's Net-Net Working Capital or its related term are showing as below:
DCI's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 7.725 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Donaldson Co (NYSE:DCI) 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.
Donaldson Co Net-Net Working Capital Related Terms
Donaldson Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Donaldson Co'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.
DCI vs PNR, GTLS, WTS: Net-Net Working Capital Comparison
For the Specialty Industrial Machinery subindustry, Donaldson 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.
Donaldson Co Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Donaldson Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Donaldson 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 $-3.40 mean?
Donaldson Co (DCI) has a Net-Net Working Capital of $-3.40 as of Apr. 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 Donaldson Co According to the industry distribution chart, Donaldson Co ranks #999999 out of 1362 companies in the Industrial Products industry.
Is Donaldson Co's Net-Net Working Capital too high?
Donaldson Co's current Net-Net Working Capital is $-3.40. Based on the distribution chart, Donaldson Co ranks #999999 out of 1362 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Donaldson Co has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Donaldson Co's Net-Net Working Capital compare to PNR and GTLS?
According to the Industrial Products industry distribution chart, Donaldson Co ranks #999999 out of 1362 companies for Net-Net Working Capital. This places Donaldson Co in the lower half of its industry. The industry median Net-Net Working Capital is 7.73. 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 Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 7.73, based on 1,362 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 Donaldson Co For the Industrial Products industry, the median Net-Net Working Capital is 7.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Donaldson Co's current Net-Net Working Capital is $-3.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Donaldson Co stock overvalued right now?
Based on GuruFocus' analysis, Donaldson Co (DCI) is currently considered Modestly Overvalued. The stock's GF Value™ is $81.56, compared to a current price of $92.38 — trading 13.3% above its estimated fair value. The current Net-Net Working Capital is $-3.40. Donaldson Co's overall GF Score™ is 93/100. 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 Donaldson Co (DCI), the current Net-Net Working Capital is $-3.40 as of Apr. 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 Donaldson Co (DCI) Overvalued in 2026?
Based on GuruFocus' analysis, Donaldson Co stock appears to be overvalued.
The current stock price of $92.38 is trading 13.3% above its estimated GF Value™ of $81.56.
GuruFocus considers Donaldson Co to be Modestly Overvalued.
Key valuation signals for DCI:
Net-Net Working Capital: $-3.40
GF Value™: $81.56 vs. price of $92.38 (13.3% above fair value)
No single metric tells the full story. See the DCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Donaldson is a leading manufacturer of filtration systems and replacement parts, including air filtration systems, liquid filtration systems, and dust, fume, and mist collectors. The company serves a diverse range of end markets, including construction, mining, agriculture, truck, and industrial. Its business is organized into three segments: mobile solutions, industrial solutions, and life sciences. Donaldson generated approximately $3.7 billion in revenue in its fiscal 2025.
93GF Score
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