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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.
The industry rank for Popular Vehicles and Services's Net-Net Working Capital or its related term are showing as below:
NSE:PVSL's Price-to-Net-Net-Working-Capital is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.025 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Popular Vehicles and Services (NSE:PVSL) 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.
Popular Vehicles and Services Net-Net Working Capital Related Terms
Popular Vehicles and Services 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.
Popular Vehicles and Services Net-Net Working Capital Chart
NSE:PVSL vs CVNA, PAG, KMX: Net-Net Working Capital Comparison
For the Auto & Truck Dealerships subindustry, Popular Vehicles and Services'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.
Popular Vehicles and Services Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Popular Vehicles and Services's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Popular Vehicles and Services'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 ₹-166.60 mean?
Popular Vehicles and Services (NSE:PVSL) has a Net-Net Working Capital of ₹-166.60 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 Popular Vehicles and Services According to the industry distribution chart, Popular Vehicles and Services ranks #999999 out of 372 companies in the Vehicles & Parts industry.
Is Popular Vehicles and Services' Net-Net Working Capital too high?
Popular Vehicles and Services' current Net-Net Working Capital is ₹-166.60. Based on the distribution chart, Popular Vehicles and Services ranks #999999 out of 372 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Popular Vehicles and Services has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Popular Vehicles and Services' Net-Net Working Capital compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Popular Vehicles and Services ranks #999999 out of 372 companies for Net-Net Working Capital. This places Popular Vehicles and Services in the lower half of its industry. The industry median Net-Net Working Capital is 8.03. 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 Vehicles & Parts company?
The median Net-Net Working Capital among Vehicles & Parts companies is 8.03, based on 372 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 Popular Vehicles and Services For the Vehicles & Parts industry, the median Net-Net Working Capital is 8.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Popular Vehicles and Services's current Net-Net Working Capital is ₹-166.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Popular Vehicles and Services stock overvalued right now?
Popular Vehicles and Services (NSE:PVSL) has a current Net-Net Working Capital of ₹-166.60. The current Net-Net Working Capital is ₹-166.60. Popular Vehicles and Services' overall GF Score™ is 33/100 with 2 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 Popular Vehicles and Services (NSE:PVSL), the current Net-Net Working Capital is ₹-166.60 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.
Popular Vehicles and Services Ltd is engaged in automobile dealerships in India. It caters to the complete life cycle of vehicle ownership, right from the sale of new vehicles, servicing and repairing vehicles, distributing spare parts and accessories, facilitating the sale and exchange of pre-owned vehicles, operating driving schools, and facilitating the sale of third-party financial and insurance products. The group has structured its business broadly into four verticals-Passenger cars (excluding luxury vehicles), Luxury vehicles, Commercial vehicles, and others. Others comprise spare parts retail sales - other than through the respective business segments and sale of electric vehicles - two-wheelers and three-wheelers. Key revenue is generated from the passenger cars segment.
33GF Score
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