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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.
FRA:DGR's Price-to-Net-Net-Working-Capital is ranked worse than 60.98% of 328
companies
in the Real Estate industry
Industry Median: 4.575
vs FRA:DGR: 6.03
Deutsche Grundstuecksauktionen AG (FRA:DGR) 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.
Deutsche Grundstuecksauktionen AG Net-Net Working Capital Related Terms
Deutsche Grundstuecksauktionen AG 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.
Deutsche Grundstuecksauktionen AG Net-Net Working Capital Chart
FRA:DGR vs CBRE, BEKE, JLL: Net-Net Working Capital Comparison
For the Real Estate Services subindustry, Deutsche Grundstuecksauktionen AG'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.
Deutsche Grundstuecksauktionen AG Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Deutsche Grundstuecksauktionen AG's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Deutsche Grundstuecksauktionen AG'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 €0.73 mean?
Deutsche Grundstuecksauktionen AG (FRA:DGR) has a Net-Net Working Capital of €0.73 as of Dec. 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 Deutsche Grundstuecksauktionen AG According to the industry distribution chart, Deutsche Grundstuecksauktionen AG ranks #200 out of 328 companies in the Real Estate industry, placing it in the top 61%.
Is Deutsche Grundstuecksauktionen AG's Net-Net Working Capital too high?
Deutsche Grundstuecksauktionen AG's current Net-Net Working Capital is €0.73. Based on the distribution chart, Deutsche Grundstuecksauktionen AG ranks #200 out of 328 companies in the Real Estate industry, which is below the industry midpoint. Overall, Deutsche Grundstuecksauktionen AG has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Deutsche Grundstuecksauktionen AG's Net-Net Working Capital compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Deutsche Grundstuecksauktionen AG ranks #200 out of 328 companies for Net-Net Working Capital. This places Deutsche Grundstuecksauktionen AG in the lower half of its industry. The industry median Net-Net Working Capital is 4.58. 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 Real Estate company?
The median Net-Net Working Capital among Real Estate companies is 4.58, based on 328 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 Deutsche Grundstuecksauktionen AG For the Real Estate industry, the median Net-Net Working Capital is 4.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deutsche Grundstuecksauktionen AG's current Net-Net Working Capital is €0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deutsche Grundstuecksauktionen AG stock overvalued right now?
Based on GuruFocus' analysis, Deutsche Grundstuecksauktionen AG (FRA:DGR) is currently considered Possible Value Trap. The stock's GF Value™ is €6.39, compared to a current price of €4.40 — trading 31.1% below its estimated fair value. The current Net-Net Working Capital is €0.73. Deutsche Grundstuecksauktionen AG's overall GF Score™ is 61/100 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 Deutsche Grundstuecksauktionen AG (FRA:DGR), the current Net-Net Working Capital is €0.73 as of Dec. 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.
Is Deutsche Grundstuecksauktionen AG (FRA:DGR) Overvalued in 2026?
Based on GuruFocus' analysis, Deutsche Grundstuecksauktionen AG stock appears to be undervalued.
The current stock price of €4.40 is trading 31.1% below its estimated GF Value™ of €6.39.
GuruFocus considers Deutsche Grundstuecksauktionen AG to be Possible Value Trap.
Key valuation signals for FRA:DGR:
Net-Net Working Capital: €0.73
GF Value™: €6.39 vs. price of €4.40 (31.1% below fair value)
No single metric tells the full story. See the FRA:DGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Deutsche Grundstuecksauktionen AG is an auction house specializing in the auction and agency sale of land and buildings. It offers services relating to the placement and sale of properties, as well as permanent Internet property auction services. Its services portfolio includes, among others, property transfer, contract management, insurance check, vacancy and rental management, re-renting of vacancies, property management, technical facility management, support and supervision of repair and modernization measures, dunning processes, operation costs consulting.
61GF 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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