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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.
DFM:DNIR's Price-to-Net-Net-Working-Capital is ranked better than 93.22% of 59
companies
in the Insurance industry
Industry Median: 7.47
vs DFM:DNIR: 1.21
Dubai National Insurance & Reinsurance PSC (DFM:DNIR) 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.
Dubai National Insurance & Reinsurance PSC Net-Net Working Capital Related Terms
Dubai National Insurance & Reinsurance 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.
Dubai National Insurance & Reinsurance PSC Net-Net Working Capital Chart
Dubai National Insurance & Reinsurance PSC Annual Data
DFM:DNIR vs BRK.A, AIG, HIG: Net-Net Working Capital Comparison
For the Insurance - Diversified subindustry, Dubai National Insurance & Reinsurance 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.
Dubai National Insurance & Reinsurance PSC Price-to-Net-Net-Working-Capital vs Insurance Industry
For the Insurance industry and Financial Services sector, Dubai National Insurance & Reinsurance PSC's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Dubai National Insurance & Reinsurance 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.إ2.68 mean?
Dubai National Insurance & Reinsurance PSC (DFM:DNIR) has a Net-Net Working Capital of د.إ2.68 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 Dubai National Insurance & Reinsurance PSC According to the industry distribution chart, Dubai National Insurance & Reinsurance PSC ranks #4 out of 59 companies in the Insurance industry, placing it in the top 6.8%.
Is Dubai National Insurance & Reinsurance PSC's Net-Net Working Capital too high?
Dubai National Insurance & Reinsurance PSC's current Net-Net Working Capital is د.إ2.68. Based on the distribution chart, Dubai National Insurance & Reinsurance PSC ranks #4 out of 59 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Dubai National Insurance & Reinsurance PSC has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dubai National Insurance & Reinsurance PSC's Net-Net Working Capital compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Dubai National Insurance & Reinsurance PSC ranks #4 out of 59 companies for Net-Net Working Capital. This places Dubai National Insurance & Reinsurance PSC in the top 7% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 7.47. 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 Insurance company?
The median Net-Net Working Capital among Insurance companies is 7.47, based on 59 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 Dubai National Insurance & Reinsurance PSC For the Insurance industry, the median Net-Net Working Capital is 7.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dubai National Insurance & Reinsurance PSC's current Net-Net Working Capital is د.إ2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dubai National Insurance & Reinsurance PSC stock overvalued right now?
Based on GuruFocus' analysis, Dubai National Insurance & Reinsurance PSC (DFM:DNIR) is currently considered Significantly Undervalued. The stock's GF Value™ is د.إ5.94, compared to a current price of د.إ3.25 — trading 45.3% below its estimated fair value. The current Net-Net Working Capital is د.إ2.68. Dubai National Insurance & Reinsurance PSC'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 Dubai National Insurance & Reinsurance PSC (DFM:DNIR), the current Net-Net Working Capital is د.إ2.68 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 Dubai National Insurance & Reinsurance PSC (DFM:DNIR) Overvalued in 2026?
Based on GuruFocus' analysis, Dubai National Insurance & Reinsurance PSC stock appears to be undervalued.
The current stock price of د.إ3.25 is trading 45.3% below its estimated GF Value™ of د.إ5.94.
GuruFocus considers Dubai National Insurance & Reinsurance PSC to be Significantly Undervalued.
Key valuation signals for DFM:DNIR:
Net-Net Working Capital: د.إ2.68
GF Value™: د.إ5.94 vs. price of د.إ3.25 (45.3% below fair value)
No single metric tells the full story. See the DFM:DNIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dubai National Insurance & Reinsurance PSC Business Description
Dubai National Insurance & Reinsurance PSC is engaged in providing insurance and reinsurance services. The company's insurance services consist of commercial insurance that includes motor fleet insurance, group medical insurance, engineering, general accidents, liability, marine, property, group life, and personal accident insurance, among others. It operates in two main business segments: Underwriting and Investments. Maximum revenue is generated from the Underwriting segment, which is further classified into General Insurance, Group Life, and Health Insurance.
77GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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