PEW (GrabAGun Digital Holdings) Net-Net Working Capital: $2.94 (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.

PEW GrabAGun Digital Holdings Inc PEW
17 GF Score
Price $2.38
! 1 Warning Sign
View Full Analysis

What is GrabAGun Digital Holdings Net-Net Working Capital?

GrabAGun Digital Holdings PEW -2.86% 17 Net-Net Working Capital is $2.94 as of Mar. 2026. GuruFocus rates PEW with a GF Score™ of 17/100. The stock has 1 warning sign investors should review. Among 119 Aerospace & Defense companies, GrabAGun Digital Holdings ranks better than 98.32% 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.

GrabAGun Digital Holdings's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $2.94.

The industry rank for GrabAGun Digital Holdings's Net-Net Working Capital or its related term are showing as below:

PEW's Price-to-Net-Net-Working-Capital is ranked better than
98.32% of 119 companies
in the Aerospace & Defense industry
Industry Median: 9.59 vs PEW: 0.81

GrabAGun Digital Holdings  (NYSE:PEW) 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.


GrabAGun Digital Holdings Net-Net Working Capital Related Terms


GrabAGun Digital Holdings Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for GrabAGun Digital Holdings'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.

GrabAGun Digital Holdings Net-Net Working Capital Chart

GrabAGun Digital Holdings Annual Data
Trend Dec24 Dec25
Net-Net Working Capital
-0.07 3.04

GrabAGun Digital Holdings Quarterly Data
Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net-Net Working Capital Get a 7-Day Free Trial 0.00 0.00 3.34 3.04 2.94

PEW vs CVU, XTIA, MOB: Net-Net Working Capital Comparison

For the Aerospace & Defense subindustry, GrabAGun Digital Holdings'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.


GrabAGun Digital Holdings Price-to-Net-Net-Working-Capital vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, GrabAGun Digital Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where GrabAGun Digital Holdings's Price-to-Net-Net-Working-Capital falls into.


PEW
17GF Score
GrabAGun Digital Holdings Inc PEW
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GrabAGun Digital Holdings Net-Net Working Capital Calculation

GrabAGun Digital Holdings'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)
=(110.395+0.75 * 0+0.5 * 8.532-23.661
-0-0)/29.983
=3.04

GrabAGun Digital Holdings'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)
=(106.428+0.75 * 0+0.5 * 9.156-24.663
-0-0)/29.367
=2.94

* 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 $2.94 mean?
GrabAGun Digital Holdings (PEW) has a Net-Net Working Capital of $2.94 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 GrabAGun Digital Holdings According to the industry distribution chart, GrabAGun Digital Holdings ranks #2 out of 119 companies in the Aerospace & Defense industry, placing it in the top 1.7%.
Is GrabAGun Digital Holdings' Net-Net Working Capital too high?
GrabAGun Digital Holdings' current Net-Net Working Capital is $2.94. The Aerospace & Defense industry median Net-Net Working Capital is 9.59. GrabAGun Digital Holdings' value of $2.94 is 69.3% below this industry median. Based on the distribution chart, GrabAGun Digital Holdings ranks #2 out of 119 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, GrabAGun Digital Holdings has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does GrabAGun Digital Holdings' Net-Net Working Capital compare to CVU and XTIA?
According to the Aerospace & Defense industry distribution chart, GrabAGun Digital Holdings ranks #2 out of 119 companies for Net-Net Working Capital. This places GrabAGun Digital Holdings in the top 2% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 9.59. GrabAGun Digital Holdings' value of $2.94 is 69.3% below 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 an Aerospace & Defense company?
The median Net-Net Working Capital among Aerospace & Defense companies is 9.59, based on 119 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. GrabAGun Digital Holdings's current Net-Net Working Capital of $2.94 is 69.3% below 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 GrabAGun Digital Holdings For the Aerospace & Defense industry, the median Net-Net Working Capital is 9.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GrabAGun Digital Holdings's current Net-Net Working Capital is $2.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GrabAGun Digital Holdings stock overvalued right now?
GrabAGun Digital Holdings (PEW) has a current Net-Net Working Capital of $2.94. The current Net-Net Working Capital is $2.94 and 69.3% below the Aerospace & Defense industry median of 9.59. GrabAGun Digital Holdings' overall GF Score™ is 17/100 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 GrabAGun Digital Holdings (PEW), the current Net-Net Working Capital is $2.94 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.

GrabAGun Digital Holdings Business Description

Address 200 East Beltline Road, Suite 403, Coppell, TX, USA, 75019
GrabAGun Digital Holdings Inc is a multi-brand eCommerce retailer of firearms, ammunition and related accessories. The Company's firearm products are ordered and paid for by customers online through the Company's eCommerce site and mobile app and are delivered to them on-premises through their choice of federal firearm licensed dealers nationwide. The Company's network of localized firearm dealers perform background checks on firearms purchasers and complete sales forms as mandated by federal and state firearm regulations.
17GF Score

Get the complete analysis for PEW

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

$2.38
Price