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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 Distribution Solutions Group's Net-Net Working Capital or its related term are showing as below:
DSGR's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Distribution industry.
Industry Median: 7.22 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Distribution Solutions Group (NAS:DSGR) 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.
Distribution Solutions Group Net-Net Working Capital Related Terms
Distribution Solutions Group 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.
Distribution Solutions Group Net-Net Working Capital Chart
DSGR vs GIC, DXPE, DNOW: Net-Net Working Capital Comparison
For the Industrial Distribution subindustry, Distribution Solutions Group'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.
Distribution Solutions Group Price-to-Net-Net-Working-Capital vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Distribution Solutions Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Distribution Solutions Group'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 $-14.22 mean?
Distribution Solutions Group (DSGR) has a Net-Net Working Capital of $-14.22 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 Distribution Solutions Group According to the industry distribution chart, Distribution Solutions Group ranks #999999 out of 57 companies in the Industrial Distribution industry.
Is Distribution Solutions Group's Net-Net Working Capital too high?
Distribution Solutions Group's current Net-Net Working Capital is $-14.22. Based on the distribution chart, Distribution Solutions Group ranks #999999 out of 57 companies in the Industrial Distribution industry, which is in the bottom quartile relative to peers. Overall, Distribution Solutions Group has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Distribution Solutions Group's Net-Net Working Capital compare to GIC and DXPE?
According to the Industrial Distribution industry distribution chart, Distribution Solutions Group ranks #999999 out of 57 companies for Net-Net Working Capital. This places Distribution Solutions Group in the lower half of its industry. The industry median Net-Net Working Capital is 7.22. 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 Distribution company?
The median Net-Net Working Capital among Industrial Distribution companies is 7.22, based on 57 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 Distribution Solutions Group For the Industrial Distribution industry, the median Net-Net Working Capital is 7.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Distribution Solutions Group's current Net-Net Working Capital is $-14.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Distribution Solutions Group stock overvalued right now?
Based on GuruFocus' analysis, Distribution Solutions Group (DSGR) is currently considered Fairly Valued. The stock's GF Value™ is $33.60, compared to a current price of $34.86 — trading 3.7% above its estimated fair value. The current Net-Net Working Capital is $-14.22. Distribution Solutions Group's overall GF Score™ is 69/100 with 9 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 Distribution Solutions Group (DSGR), the current Net-Net Working Capital is $-14.22 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 Distribution Solutions Group (DSGR) Overvalued in 2026?
Based on GuruFocus' analysis, Distribution Solutions Group stock appears to be overvalued.
The current stock price of $34.86 is trading 3.7% above its estimated GF Value™ of $33.60.
GuruFocus considers Distribution Solutions Group to be Fairly Valued.
Key valuation signals for DSGR:
Net-Net Working Capital: $-14.22
GF Value™: $33.60 vs. price of $34.86 (3.7% above fair value)
No single metric tells the full story. See the DSGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Distribution Solutions Group Inc is a specialty distribution company providing value-added distribution solutions to the maintenance, repair and operations (MRO), original equipment manufacturer (OEM) and industrial technology markets. The company operates through four reportable segments: Lawson, TestEquity, Gexpro Services and Canada Branch Division. Lawson distributes specialty products and services to the industrial, commercial, institutional and government MRO marketplace. TestEquity, which generates maximum revenue, distributes test and measurement equipment and solutions, industrial and electronic production supplies and vendor managed inventory programs. Gexpro Services is a supply chain solutions provider. The company generates majority of its revenue from United States.
69GF Score
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