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Nobility HomesNOBH +3.06%83 Net-Net Working Capital is $9.42 as of Apr. 2026. GuruFocus rates NOBH with a GF Score™ of 83/100 and a GF Value™ of $27.95 (Fairly Valued). The stock has 5 warning signs investors should review. Among 35 Homebuilding & Construction companies, Nobility Homes ranks better than 82.86% 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.
Nobility Homes's Net-Net Working Capital for the quarter that ended in Apr. 2026 was $9.42.
The industry rank for Nobility Homes's Net-Net Working Capital or its related term are showing as below:
NOBH's Price-to-Net-Net-Working-Capital is ranked better than 82.86% of 35
companies
in the Homebuilding & Construction industry
Industry Median: 7.2
vs NOBH: 3.04
Nobility Homes (OTCPK:NOBH) 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.
Nobility Homes Net-Net Working Capital Related Terms
Nobility Homes Net-Net Working Capital Historical Data
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The historical data trend for Nobility Homes'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.
NOBH vs VNJA, SPHL, DREM: Net-Net Working Capital Comparison
For the Residential Construction subindustry, Nobility Homes'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.
Nobility Homes Price-to-Net-Net-Working-Capital vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Nobility Homes's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Nobility Homes'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 $9.42 mean?
Nobility Homes (NOBH) has a Net-Net Working Capital of $9.42 as of Apr. 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 Nobility Homes According to the industry distribution chart, Nobility Homes ranks #6 out of 35 companies in the Homebuilding & Construction industry, placing it in the top 17.1%.
Is Nobility Homes' Net-Net Working Capital too high?
Nobility Homes' current Net-Net Working Capital is $9.42. The Homebuilding & Construction industry median Net-Net Working Capital is 7.20. Nobility Homes' value of $9.42 is 30.8% above this industry median. Based on the distribution chart, Nobility Homes ranks #6 out of 35 companies in the Homebuilding & Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Nobility Homes has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nobility Homes' Net-Net Working Capital compare to VNJA and SPHL?
According to the Homebuilding & Construction industry distribution chart, Nobility Homes ranks #6 out of 35 companies for Net-Net Working Capital. This places Nobility Homes in the top 17% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 7.20. Nobility Homes' value of $9.42 is 30.8% above 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 a Homebuilding & Construction company?
The median Net-Net Working Capital among Homebuilding & Construction companies is 7.20, based on 35 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. Nobility Homes's current Net-Net Working Capital of $9.42 is 30.8% above 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 Nobility Homes For the Homebuilding & Construction industry, the median Net-Net Working Capital is 7.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nobility Homes's current Net-Net Working Capital is $9.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nobility Homes stock overvalued right now?
Based on GuruFocus' analysis, Nobility Homes (NOBH) is currently considered Fairly Valued. The stock's GF Value™ is $27.95, compared to a current price of $28.60 — trading 2.3% above its estimated fair value. The current Net-Net Working Capital is $9.42 and 30.8% above the Homebuilding & Construction industry median of 7.20. Nobility Homes' overall GF Score™ is 83/100 with 5 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 Nobility Homes (NOBH), the current Net-Net Working Capital is $9.42 as of Apr. 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 Nobility Homes (NOBH) Overvalued in 2026?
Based on GuruFocus' analysis, Nobility Homes stock appears to be overvalued.
The current stock price of $28.60 is trading 2.3% above its estimated GF Value™ of $27.95.
GuruFocus considers Nobility Homes to be Fairly Valued.
Key valuation signals for NOBH:
Net-Net Working Capital: $9.42
GF Value™: $27.95 vs. price of $28.60 (2.3% above fair value)
Industry Position: 30.8% above the Homebuilding & Construction median (#6 of 35)
No single metric tells the full story. See the NOBH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nobility Homes Inc focuses on designing, manufacturing, and selling manufactured and modular homes through its own retail sales centers across Florida. It also sells its manufactured homes on a wholesale basis to independent manufactured home retail dealers and manufactured home communities. The company's homes are sold as unfurnished dwellings ready for permanent occupancy. The company recognizes revenue from retail sales of new manufactured homes, the sale of the repurchased homes upon transfer of title to the new purchaser, and revenues from its independent dealers.
83GF 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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