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Primeserv GroupJSE:PMV 87 Net-Net Working Capital is R3.11 as of Mar. 2026. GuruFocus rates JSE:PMV with a GF Score™ of 87/100 and a GF Value™ of R2.68 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 440 Business Services companies, Primeserv Group ranks better than 95.45% 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.
Primeserv Group's Net-Net Working Capital for the quarter that ended in Mar. 2026 was R3.11.
The industry rank for Primeserv Group's Net-Net Working Capital or its related term are showing as below:
JSE:PMV's Price-to-Net-Net-Working-Capital is ranked better than 95.45% of 440
companies
in the Business Services industry
Industry Median: 5.65
vs JSE:PMV: 1.00
Primeserv Group (JSE:PMV) 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.
Primeserv Group Net-Net Working Capital Related Terms
Primeserv Group Net-Net Working Capital Historical Data
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The historical data trend for Primeserv Group'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.
JSE:PMV vs KFY, RHI, TNET: Net-Net Working Capital Comparison
For the Staffing & Employment Services subindustry, Primeserv 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.
Primeserv Group Price-to-Net-Net-Working-Capital vs Business Services Industry
For the Business Services industry and Industrials sector, Primeserv Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Primeserv 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 R3.11 mean?
Primeserv Group (JSE:PMV) has a Net-Net Working Capital of R3.11 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 Primeserv Group According to the industry distribution chart, Primeserv Group ranks #20 out of 440 companies in the Business Services industry, placing it in the top 4.5%.
Is Primeserv Group's Net-Net Working Capital too high?
Primeserv Group's current Net-Net Working Capital is R3.11. Based on the distribution chart, Primeserv Group ranks #20 out of 440 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Primeserv Group has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Primeserv Group's Net-Net Working Capital compare to KFY and RHI?
According to the Business Services industry distribution chart, Primeserv Group ranks #20 out of 440 companies for Net-Net Working Capital. This places Primeserv Group in the top 5% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 5.65. 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 Business Services company?
The median Net-Net Working Capital among Business Services companies is 5.65, based on 440 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 Primeserv Group For the Business Services industry, the median Net-Net Working Capital is 5.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primeserv Group's current Net-Net Working Capital is R3.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primeserv Group stock overvalued right now?
Based on GuruFocus' analysis, Primeserv Group (JSE:PMV) is currently considered Modestly Overvalued. The stock's GF Value™ is R2.68, compared to a current price of R3.10 — trading 15.7% above its estimated fair value. The current Net-Net Working Capital is R3.11. Primeserv Group's overall GF Score™ is 87/100 with 4 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 Primeserv Group (JSE:PMV), the current Net-Net Working Capital is R3.11 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 Primeserv Group (JSE:PMV) Overvalued in 2026?
Based on GuruFocus' analysis, Primeserv Group stock appears to be overvalued.
The current stock price of R3.10 is trading 15.7% above its estimated GF Value™ of R2.68.
GuruFocus considers Primeserv Group to be Modestly Overvalued.
Key valuation signals for JSE:PMV:
Net-Net Working Capital: R3.11
GF Value™: R2.68 vs. price of R3.10 (15.7% above fair value)
No single metric tells the full story. See the JSE:PMV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Primeserv Group Ltd is an investment holding company. The company focuses on business support services delivering specialized human capital management services and solutions. Its operating segment includes Integrated Business Support Services and Shared Services. The company generates maximum revenue from the Integrated Business Support Services segment. It serves various industries such as Agriculture, Automotive, Banking, Construction, Design and Draughting, Transportation, Engineering, Financial and Insurance, Food Production, Government Services, Harbours and Railways, Hospital, Nursing, Medical, Logistics and Distribution Centres, Mechanical, Mining, Paper and Pulp, Petrochemical, Pharmaceutical, Power Generation, Retail and Wholesale, Tourism, Telecoms, Warehousing, Waste Management.
87GF Score
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