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Dividend Select 15DVVDF 36 Net-Net Working Capital is $0.41 as of Nov. 2025. GuruFocus rates DVVDF with a GF Score™ of 36/100. The stock has 6 warning signs investors should review. Among 497 Asset Management companies, Dividend Select 15 ranks worse than 67.61% 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.
Dividend Select 15's Net-Net Working Capital for the quarter that ended in Nov. 2025 was $0.41.
The industry rank for Dividend Select 15's Net-Net Working Capital or its related term are showing as below:
DVVDF's Price-to-Net-Net-Working-Capital is ranked worse than 67.61% of 497
companies
in the Asset Management industry
Industry Median: 6.15
vs DVVDF: 14.76
Dividend Select 15 (OTCPK:DVVDF) 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.
Dividend Select 15 Net-Net Working Capital Related Terms
Dividend Select 15 Net-Net Working Capital Historical Data
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The historical data trend for Dividend Select 15'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.
DVVDF vs BLK, BX, KKR: Net-Net Working Capital Comparison
For the Asset Management subindustry, Dividend Select 15'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.
Dividend Select 15 Price-to-Net-Net-Working-Capital vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Dividend Select 15's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Dividend Select 15'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 $0.41 mean?
Dividend Select 15 (DVVDF) has a Net-Net Working Capital of $0.41 as of Nov. 2025. 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 Dividend Select 15 According to the industry distribution chart, Dividend Select 15 ranks #336 out of 497 companies in the Asset Management industry, placing it in the top 67.6%.
Is Dividend Select 15's Net-Net Working Capital too high?
Dividend Select 15's current Net-Net Working Capital is $0.41. The Asset Management industry median Net-Net Working Capital is 6.15. Dividend Select 15's value of $0.41 is 93.3% below this industry median. Based on the distribution chart, Dividend Select 15 ranks #336 out of 497 companies in the Asset Management industry, which is below the industry midpoint. Overall, Dividend Select 15 has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Dividend Select 15's Net-Net Working Capital compare to BLK and BX?
According to the Asset Management industry distribution chart, Dividend Select 15 ranks #336 out of 497 companies for Net-Net Working Capital. This places Dividend Select 15 in the lower half of its industry. The industry median Net-Net Working Capital is 6.15. Dividend Select 15's value of $0.41 is 93.3% 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 an Asset Management company?
The median Net-Net Working Capital among Asset Management companies is 6.15, based on 497 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. Dividend Select 15's current Net-Net Working Capital of $0.41 is 93.3% 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 Dividend Select 15 For the Asset Management industry, the median Net-Net Working Capital is 6.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dividend Select 15's current Net-Net Working Capital is $0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dividend Select 15 stock overvalued right now?
Dividend Select 15 (DVVDF) has a current Net-Net Working Capital of $0.41. The current Net-Net Working Capital is $0.41 and 93.3% below the Asset Management industry median of 6.15. Dividend Select 15's overall GF Score™ is 36/100 with 6 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 Dividend Select 15 (DVVDF), the current Net-Net Working Capital is $0.41 as of Nov. 2025. 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.
Dividend Select 15 Corp is a mutual fund corporation based in Canada. Its investment objective is to provide equity shareholders with monthly cash distributions, currently targeted to be at a rate of 10 percent annualized based on the volume-weighted average market price of the Equity shares for the last three trading days of the preceding month; and the opportunity for capital appreciation. The company invests in an actively managed portfolio of common shares of fifteen core large-capitalization, Canadian companies selected from a portfolio universe of over twenty companies. It employs an active covered call writing program to enhance the income earned from the portfolio.
36GF Score
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