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NVRMEX:NVR 84 Net-Net Working Capital is MXN3,868.88 as of Mar. 2026. GuruFocus rates MEX:NVR with a GF Score™ of 84/100 and a GF Value™ of MXN140,693.52 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 33 Homebuilding & Construction companies, NVR ranks worse than 84.85% 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.
NVR's Net-Net Working Capital for the quarter that ended in Mar. 2026 was MXN3,868.88.
The industry rank for NVR's Net-Net Working Capital or its related term are showing as below:
MEX:NVR's Price-to-Net-Net-Working-Capital is ranked worse than 84.85% of 33
companies
in the Homebuilding & Construction industry
Industry Median: 7.38
vs MEX:NVR: 29.59
NVR (MEX:NVR) 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.
NVR Net-Net Working Capital Related Terms
NVR Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for NVR'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.
MEX:NVR vs TOL, LEN, PHM: Net-Net Working Capital Comparison
For the Residential Construction subindustry, NVR'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.
NVR Price-to-Net-Net-Working-Capital vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, NVR's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where NVR'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 MXN3,868.88 mean?
NVR (MEX:NVR) has a Net-Net Working Capital of MXN3,868.88 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 NVR According to the industry distribution chart, NVR ranks #28 out of 33 companies in the Homebuilding & Construction industry, placing it in the top 84.8%.
Is NVR's Net-Net Working Capital too high?
NVR's current Net-Net Working Capital is MXN3,868.88. Based on the distribution chart, NVR ranks #28 out of 33 companies in the Homebuilding & Construction industry, which is in the bottom quartile relative to peers. Overall, NVR has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NVR's Net-Net Working Capital compare to TOL and LEN?
According to the Homebuilding & Construction industry distribution chart, NVR ranks #28 out of 33 companies for Net-Net Working Capital. This places NVR in the lower half of its industry. The industry median Net-Net Working Capital is 7.38. 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 Homebuilding & Construction company?
The median Net-Net Working Capital among Homebuilding & Construction companies is 7.38, based on 33 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 NVR For the Homebuilding & Construction industry, the median Net-Net Working Capital is 7.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NVR's current Net-Net Working Capital is MXN3,868.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NVR stock overvalued right now?
Based on GuruFocus' analysis, NVR (MEX:NVR) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN140,693.52, compared to a current price of MXN119,814.39 — trading 14.8% below its estimated fair value. The current Net-Net Working Capital is MXN3,868.88. NVR's overall GF Score™ is 84/100 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 NVR (MEX:NVR), the current Net-Net Working Capital is MXN3,868.88 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 NVR (MEX:NVR) Overvalued in 2026?
Based on GuruFocus' analysis, NVR stock appears to be undervalued.
The current stock price of MXN119,814.39 is trading 14.8% below its estimated GF Value™ of MXN140,693.52.
GuruFocus considers NVR to be Modestly Undervalued.
Key valuation signals for MEX:NVR:
Net-Net Working Capital: MXN3,868.88
GF Value™: MXN140,693.52 vs. price of MXN119,814.39 (14.8% below fair value)
No single metric tells the full story. See the MEX:NVR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NVR Inc is engaged in the construction and sale of residential properties, including single-family detached homes, townhomes, and condominium buildings, all of which are built on a pre-sold basis. Additionally, the company provides related services through its mortgage banking and title services businesses. Its business segments are Homebuilding and Mortgage Banking. Its geographical segments include the Mid Atlantic, the North East, the Mid East, and the South East regions of America. The majority of the company's revenue is derived from the Homebuilding Mid Atlantic segment, which includes homebuilding operations that construct and sell single-family detached homes, townhomes and condominiums in Maryland, Virginia, West Virginia, Delaware and Washington, D.C. regions.
84GF 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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