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ProVen Growth &ome VCTLSE:PGOO 21 Net-Net Working Capital is £0.15 as of Feb. 2023. GuruFocus rates LSE:PGOO with a GF Score™ of 21/100. The stock has 1 warning sign investors should review. Among 474 Asset Management companies, ProVen Growth &ome VCT ranks better than 55.06% 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.
ProVen Growth &ome VCT's Net-Net Working Capital for the quarter that ended in Feb. 2023 was £0.15.
The industry rank for ProVen Growth &ome VCT's Net-Net Working Capital or its related term are showing as below:
LSE:PGOO's Price-to-Net-Net-Working-Capital is ranked better than 55.06% of 474
companies
in the Asset Management industry
Industry Median: 7.05
vs LSE:PGOO: 5.51
ProVen Growth &ome VCT (LSE:PGOO) 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.
ProVen Growth &ome VCT Net-Net Working Capital Related Terms
ProVen Growth &ome VCT Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for ProVen Growth &ome VCT'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.
ProVen Growth &ome VCT Net-Net Working Capital Chart
LSE:PGOO vs BLK, BX, KKR: Net-Net Working Capital Comparison
For the Asset Management subindustry, ProVen Growth &ome VCT'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.
ProVen Growth &ome VCT Price-to-Net-Net-Working-Capital vs Asset Management Industry
For the Asset Management industry and Financial Services sector, ProVen Growth &ome VCT's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where ProVen Growth &ome VCT'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 £0.15 mean?
ProVen Growth &ome VCT (LSE:PGOO) has a Net-Net Working Capital of £0.15 as of Feb. 2023. 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 ProVen Growth &ome VCT According to the industry distribution chart, ProVen Growth &ome VCT ranks #213 out of 474 companies in the Asset Management industry, placing it in the top 44.9%.
Is ProVen Growth &ome VCT's Net-Net Working Capital too high?
ProVen Growth &ome VCT's current Net-Net Working Capital is £0.15. Based on the distribution chart, ProVen Growth &ome VCT ranks #213 out of 474 companies in the Asset Management industry, which is above the industry midpoint. Overall, ProVen Growth &ome VCT has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does ProVen Growth &ome VCT's Net-Net Working Capital compare to BLK and BX?
According to the Asset Management industry distribution chart, ProVen Growth &ome VCT ranks #213 out of 474 companies for Net-Net Working Capital. This puts ProVen Growth &ome VCT in the upper half of its industry. The industry median Net-Net Working Capital is 7.05. 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 7.05, based on 474 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 ProVen Growth &ome VCT For the Asset Management industry, the median Net-Net Working Capital is 7.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ProVen Growth &ome VCT's current Net-Net Working Capital is £0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ProVen Growth &ome VCT stock overvalued right now?
ProVen Growth &ome VCT (LSE:PGOO) has a current Net-Net Working Capital of £0.15. The current Net-Net Working Capital is £0.15. ProVen Growth &ome VCT's overall GF Score™ is 21/100 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 ProVen Growth &ome VCT (LSE:PGOO), the current Net-Net Working Capital is £0.15 as of Feb. 2023. 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.
ProVen Growth & Income VCT PLC operates as a venture capital trust (VCT). The company's investment objective is to achieve long-term returns greater than those available from investing in a portfolio of quoted companies, by investing in a portfolio of carefully selected qualifying investments in small and medium-sized unquoted companies with excellent growth prospects and a portfolio of non-qualifying investments including cash, liquidity funds, fixed interest securities, debt and debt-related securities in growth companies and non-qualifying venture capital investments, within the conditions imposed on all VCTs and to minimise the risk of each investment and the portfolio as a whole. Its portfolio of investments includes some sectors such as Technology, Healthcare, and Business Services.
21GF Score
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