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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.
OROVY's Price-to-Net-Net-Working-Capital is ranked better than 53.42% of 219
companies
in the Transportation industry
Industry Median: 6.47
vs OROVY: 6.61
Orient Overseas (International) (OTCPK:OROVY) 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.
Orient Overseas (International) Net-Net Working Capital Related Terms
Orient Overseas (International) 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.
Orient Overseas (International) Net-Net Working Capital Chart
Orient Overseas (International) Net-Net Working Capital Competitor Comparison
For the Marine Shipping subindustry, Orient Overseas (International)'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.
Orient Overseas (International) Price-to-Net-Net-Working-Capital vs Transportation Industry
For the Transportation industry and Industrials sector, Orient Overseas (International)'s Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Orient Overseas (International)'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 $18.03 mean?
Orient Overseas (International) (OROVY) has a Net-Net Working Capital of $18.03 as of Dec. 2025. 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 Orient Overseas (International) According to the industry distribution chart, Orient Overseas (International) ranks #102 out of 219 companies in the Transportation industry, placing it in the top 46.6%.
Is Orient Overseas (International)'s Net-Net Working Capital too high?
Orient Overseas (International)'s current Net-Net Working Capital is $18.03. The Transportation industry median Net-Net Working Capital is 6.47. Orient Overseas (International)'s value of $18.03 is 178.7% above this industry median. Based on the distribution chart, Orient Overseas (International) ranks #102 out of 219 companies in the Transportation industry, which is above the industry midpoint. Overall, Orient Overseas (International) has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Orient Overseas (International)'s Net-Net Working Capital compare to competitors?
According to the Transportation industry distribution chart, Orient Overseas (International) ranks #102 out of 219 companies for Net-Net Working Capital. This puts Orient Overseas (International) in the upper half of its industry. The industry median Net-Net Working Capital is 6.47. Orient Overseas (International)'s value of $18.03 is 178.7% 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 Transportation company?
The median Net-Net Working Capital among Transportation companies is 6.47, based on 219 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. Orient Overseas (International)'s current Net-Net Working Capital of $18.03 is 178.7% 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 Orient Overseas (International) For the Transportation industry, the median Net-Net Working Capital is 6.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orient Overseas (International)'s current Net-Net Working Capital is $18.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orient Overseas (International) stock overvalued right now?
Based on GuruFocus' analysis, Orient Overseas (International) (OROVY) is currently considered Significantly Overvalued. The stock's GF Value™ is $74.09, compared to a current price of $98.12 — trading 32.4% above its estimated fair value. The current Net-Net Working Capital is $18.03 and 178.7% above the Transportation industry median of 6.47. Orient Overseas (International)'s overall GF Score™ is 59/100 with 10 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 Orient Overseas (International) (OROVY), the current Net-Net Working Capital is $18.03 as of Dec. 2025. 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 Orient Overseas (International) (OROVY) Overvalued in 2026?
Based on GuruFocus' analysis, Orient Overseas (International) stock appears to be overvalued.
The current stock price of $98.12 is trading 32.4% above its estimated GF Value™ of $74.09.
GuruFocus considers Orient Overseas (International) to be Significantly Overvalued.
Key valuation signals for OROVY:
Net-Net Working Capital: $18.03
GF Value™: $74.09 vs. price of $98.12 (32.4% above fair value)
Industry Position: 178.7% above the Transportation median (#102 of 219)
No single metric tells the full story. See the OROVY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Orient Overseas (International) Ltd is engaged in container transport and logistics. Container transport and logistics include containerized shipping services in trade lanes, covering Trans-Pacific, Trans-Atlantic, Asia/Europe, Asia/Australia, and Intra-Asia trades, and integrated services over the management and control of effective storage and flow of goods. Revenue comprises gross freight income, charter hire, service, and other income from the operation of the container transport and logistics and rental income from the investment property. Its segments are Container transport and logistics and Others.
59GF 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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