Deep Value Driller AS (OSL:DVD) Net-Net Working Capital: kr-8.70 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OSL:DVD Deep Value Driller AS OSL:DVD
58 GF Score
Price kr20.75
GF Value kr15.31
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Deep Value Driller AS Net-Net Working Capital?

Deep Value Driller AS OSL:DVD 58 Net-Net Working Capital is kr-8.70 as of Mar. 2026. GuruFocus rates OSL:DVD with a GF Score™ of 58/100 and a GF Value™ of kr15.31 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 191 Oil & Gas companies, Deep Value Driller AS ranks worse than 523559.69% 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.

Deep Value Driller AS's Net-Net Working Capital for the quarter that ended in Mar. 2026 was kr-8.70.

The industry rank for Deep Value Driller AS's Net-Net Working Capital or its related term are showing as below:

OSL:DVD's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 6
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Deep Value Driller AS  (OSL:DVD) 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.


Deep Value Driller AS Net-Net Working Capital Related Terms


Deep Value Driller AS Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Deep Value Driller AS'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.

Deep Value Driller AS Net-Net Working Capital Chart

Deep Value Driller AS Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
0.39 -0.95 -11.80 -14.23 -9.69

Deep Value Driller AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -11.69 -10.41 -9.83 -9.69 -8.70

OSL:DVD vs NE, RIG, VAL: Net-Net Working Capital Comparison

For the Oil & Gas Drilling subindustry, Deep Value Driller AS'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.


Deep Value Driller AS Price-to-Net-Net-Working-Capital vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Deep Value Driller AS's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Deep Value Driller AS's Price-to-Net-Net-Working-Capital falls into.


OSL:DVD
58GF Score
Deep Value Driller AS OSL:DVD
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Deep Value Driller AS Net-Net Working Capital Calculation

Deep Value Driller AS's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(146.5+0.75 * 0.091+0.5 * 8.075-1054.22
-0-0)/93.208
=-9.69

Deep Value Driller AS's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2026 is calculated as

Net-Net Working Capital(Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(824.719+0.75 * 0+0.5 * 7.717-1641.682
-0-0)/93.508
=-8.70

* 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 kr-8.70 mean?
Deep Value Driller AS (OSL:DVD) has a Net-Net Working Capital of kr-8.70 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 Deep Value Driller AS According to the industry distribution chart, Deep Value Driller AS ranks #999999 out of 191 companies in the Oil & Gas industry.
Is Deep Value Driller AS's Net-Net Working Capital too high?
Deep Value Driller AS's current Net-Net Working Capital is kr-8.70. Based on the distribution chart, Deep Value Driller AS ranks #999999 out of 191 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Deep Value Driller AS has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Deep Value Driller AS's Net-Net Working Capital compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Deep Value Driller AS ranks #999999 out of 191 companies for Net-Net Working Capital. This places Deep Value Driller AS in the lower half of its industry. The industry median Net-Net Working Capital is 6.00. 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 Oil & Gas company?
The median Net-Net Working Capital among Oil & Gas companies is 6.00, based on 191 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 Deep Value Driller AS For the Oil & Gas industry, the median Net-Net Working Capital is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deep Value Driller AS's current Net-Net Working Capital is kr-8.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deep Value Driller AS stock overvalued right now?
Based on GuruFocus' analysis, Deep Value Driller AS (OSL:DVD) is currently considered Significantly Overvalued. The stock's GF Value™ is kr15.31, compared to a current price of kr20.75 — trading 35.5% above its estimated fair value. The current Net-Net Working Capital is kr-8.70. Deep Value Driller AS's overall GF Score™ is 58/100 with 8 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 Deep Value Driller AS (OSL:DVD), the current Net-Net Working Capital is kr-8.70 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 Deep Value Driller AS (OSL:DVD) Overvalued in 2026?

Based on GuruFocus' analysis, Deep Value Driller AS stock appears to be overvalued. The current stock price of kr20.75 is trading 35.5% above its estimated GF Value™ of kr15.31. GuruFocus considers Deep Value Driller AS to be Significantly Overvalued.

Key valuation signals for OSL:DVD:

  • Net-Net Working Capital: kr-8.70
  • GF Value™: kr15.31 vs. price of kr20.75 (35.5% above fair value)
  • GF Score™: 58/100 with 8 warning signs

No single metric tells the full story. See the OSL:DVD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Deep Value Driller AS Business Description

Industry EnergyOil & Gas
Other Exchanges 9YG:Germany
Address Munkedamsveien 45F, 8th Floor, Oslo, NOR, 0250
Deep Value Driller AS is engaged in the contracting, managing, and owning of drilling rigs.
58GF Score

Get the complete analysis for OSL:DVD

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr20.75
Price
kr15.31
GF Value