DoximityDOCS +2.08%82 Net-Net Working Capital is $3.74 as of Mar. 2026. GuruFocus rates DOCS with a GF Score™ of 82/100 and a GF Value™ of $49.23 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 199 Healthcare Providers & Services companies, Doximity ranks better than 59.3% 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.
Doximity's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $3.74.
The industry rank for Doximity's Net-Net Working Capital or its related term are showing as below:
DOCS's Price-to-Net-Net-Working-Capital is ranked better than 59.3% of 199
companies
in the Healthcare Providers & Services industry
Industry Median: 8
vs DOCS: 5.89
Doximity (NYSE:DOCS) 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.
Doximity Net-Net Working Capital Related Terms
Doximity Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Doximity'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.
DOCS vs WAY, PRVA, HTFL: Net-Net Working Capital Comparison
For the Health Information Services subindustry, Doximity'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.
Doximity Price-to-Net-Net-Working-Capital vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Doximity's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Doximity'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 $3.74 mean?
Doximity (DOCS) has a Net-Net Working Capital of $3.74 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 Doximity According to the industry distribution chart, Doximity ranks #81 out of 199 companies in the Healthcare Providers & Services industry, placing it in the top 40.7%.
Is Doximity's Net-Net Working Capital too high?
Doximity's current Net-Net Working Capital is $3.74. The Healthcare Providers & Services industry median Net-Net Working Capital is 8.00. Doximity's value of $3.74 is 53.3% below this industry median. Based on the distribution chart, Doximity ranks #81 out of 199 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Doximity has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Doximity's Net-Net Working Capital compare to WAY and PRVA?
According to the Healthcare Providers & Services industry distribution chart, Doximity ranks #81 out of 199 companies for Net-Net Working Capital. This puts Doximity in the upper half of its industry. The industry median Net-Net Working Capital is 8.00. Doximity's value of $3.74 is 53.3% below this benchmark. 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 Healthcare Providers & Services company?
The median Net-Net Working Capital among Healthcare Providers & Services companies is 8.00, based on 199 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. Doximity's current Net-Net Working Capital of $3.74 is 53.3% below the industry median. 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 Doximity For the Healthcare Providers & Services industry, the median Net-Net Working Capital is 8.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Doximity's current Net-Net Working Capital is $3.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Doximity stock overvalued right now?
Based on GuruFocus' analysis, Doximity (DOCS) is currently considered Significantly Undervalued. The stock's GF Value™ is $49.23, compared to a current price of $22.04 — trading 55.2% below its estimated fair value. The current Net-Net Working Capital is $3.74 and 53.3% below the Healthcare Providers & Services industry median of 8.00. Doximity's overall GF Score™ is 82/100 with 2 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 Doximity (DOCS), the current Net-Net Working Capital is $3.74 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 Doximity (DOCS) Overvalued in 2026?
Based on GuruFocus' analysis, Doximity stock appears to be undervalued.
The current stock price of $22.04 is trading 55.2% below its estimated GF Value™ of $49.23.
GuruFocus considers Doximity to be Significantly Undervalued.
Key valuation signals for DOCS:
Net-Net Working Capital: $3.74
GF Value™: $49.23 vs. price of $22.04 (55.2% below fair value)
Industry Position: 53.3% below the Healthcare Providers & Services median (#81 of 199)
No single metric tells the full story. See the DOCS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Doximity Inc provides an online platform, which enables physicians and other healthcare professionals to collaborate with colleagues, stay up to date with the latest medical news and research, manage their careers and on-call schedules, streamline documentation and administrative paperwork, and conduct virtual patient visits. The Company's customers include pharmaceutical companies and health systems that connect with healthcare professionals through the Company's digital Marketing, Hiring, and Workflow Solutions. Marketing Solutions provide customers with the ability to share tailored content on the network. Hiring Solutions enable customers to identify, connect with, and hire from the network of both active and passive potential medical professional candidates.
82GF Score
Get the complete analysis for DOCS
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
DOCS has been successfully added to your 
