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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 Commercial Bank of Dubai PSC's Net-Net Working Capital or its related term are showing as below:
DFM:CBD's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 1.755 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Commercial Bank of Dubai PSC (DFM:CBD) 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.
Commercial Bank of Dubai PSC Net-Net Working Capital Related Terms
Commercial Bank of Dubai PSC 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.
Commercial Bank of Dubai PSC Net-Net Working Capital Chart
Commercial Bank of Dubai PSC Net-Net Working Capital Competitor Comparison
For the Banks - Regional subindustry, Commercial Bank of Dubai PSC'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.
Commercial Bank of Dubai PSC Price-to-Net-Net-Working-Capital vs Banks Industry
For the Banks industry and Financial Services sector, Commercial Bank of Dubai PSC's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Commercial Bank of Dubai PSC'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 د.إ-40.71 mean?
Commercial Bank of Dubai PSC (DFM:CBD) has a Net-Net Working Capital of د.إ-40.71 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 Commercial Bank of Dubai PSC According to the industry distribution chart, Commercial Bank of Dubai PSC ranks #999999 out of 8 companies in the Banks industry.
Is Commercial Bank of Dubai PSC's Net-Net Working Capital too high?
Commercial Bank of Dubai PSC's current Net-Net Working Capital is د.إ-40.71. Based on the distribution chart, Commercial Bank of Dubai PSC ranks #999999 out of 8 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Commercial Bank of Dubai PSC has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Commercial Bank of Dubai PSC's Net-Net Working Capital compare to competitors?
According to the Banks industry distribution chart, Commercial Bank of Dubai PSC ranks #999999 out of 8 companies for Net-Net Working Capital. This places Commercial Bank of Dubai PSC in the lower half of its industry. The industry median Net-Net Working Capital is 1.76. 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 Banks company?
The median Net-Net Working Capital among Banks companies is 1.76, based on 8 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 Commercial Bank of Dubai PSC For the Banks industry, the median Net-Net Working Capital is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Commercial Bank of Dubai PSC's current Net-Net Working Capital is د.إ-40.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Commercial Bank of Dubai PSC stock overvalued right now?
Based on GuruFocus' analysis, Commercial Bank of Dubai PSC (DFM:CBD) is currently considered Modestly Overvalued. The stock's GF Value™ is د.إ8.05, compared to a current price of د.إ9.50 — trading 18% above its estimated fair value. The current Net-Net Working Capital is د.إ-40.71. Commercial Bank of Dubai PSC's overall GF Score™ is 77/100 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 Commercial Bank of Dubai PSC (DFM:CBD), the current Net-Net Working Capital is د.إ-40.71 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 Commercial Bank of Dubai PSC (DFM:CBD) Overvalued in 2026?
Based on GuruFocus' analysis, Commercial Bank of Dubai PSC stock appears to be overvalued.
The current stock price of د.إ9.50 is trading 18% above its estimated GF Value™ of د.إ8.05.
GuruFocus considers Commercial Bank of Dubai PSC to be Modestly Overvalued.
Key valuation signals for DFM:CBD:
Net-Net Working Capital: د.إ-40.71
GF Value™: د.إ8.05 vs. price of د.إ9.50 (18% above fair value)
No single metric tells the full story. See the DFM:CBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Commercial Bank of Dubai PSC is a banking firm operating in the United Arab Emirates with four segments: Institutional Banking, Corporate Banking, Personal Banking, and Trading and Other. Institutional Banking provides loans, deposits, trade finance, and e-commerce solutions to institutional clients, including government entities. Corporate Banking serves mid-sized and emerging corporates with loans, working capital, trade finance, and deposits. Personal Banking, which generates maximum revenue, offers accounts, loans, mortgages, and other credit facilities to small businesses and retail clients. Trading and Other manages the Group's balance sheet, investment portfolio, and derivatives for trading and risk management purposes. The Group operates exclusively in the United Arab Emirates.
77GF Score
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