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.
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.
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.
SHSE:600892's Price-to-Net-Net-Working-Capital is not ranked *
in the Media - Diversified industry.
Industry Median: 4.37 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Dasheng Times Cultural Investment Co (SHSE:600892) 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.
Dasheng Times Cultural Investment Co Net-Net Working Capital Related Terms
Dasheng Times Cultural Investment Co 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.
Dasheng Times Cultural Investment Co Net-Net Working Capital Chart
SHSE:600892 vs NFLX, DIS, WBD: Net-Net Working Capital Comparison
For the Entertainment subindustry, Dasheng Times Cultural Investment Co'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.
Dasheng Times Cultural Investment Co Price-to-Net-Net-Working-Capital vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Dasheng Times Cultural Investment Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Dasheng Times Cultural Investment Co'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 ¥-0.69 mean?
Dasheng Times Cultural Investment Co (SHSE:600892) has a Net-Net Working Capital of ¥-0.69 as of Jun. 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 Dasheng Times Cultural Investment Co According to the industry distribution chart, Dasheng Times Cultural Investment Co ranks #999999 out of 386 companies in the Media - Diversified industry.
Is Dasheng Times Cultural Investment Co's Net-Net Working Capital too high?
Dasheng Times Cultural Investment Co's current Net-Net Working Capital is ¥-0.69. Based on the distribution chart, Dasheng Times Cultural Investment Co ranks #999999 out of 386 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Dasheng Times Cultural Investment Co has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dasheng Times Cultural Investment Co's Net-Net Working Capital compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Dasheng Times Cultural Investment Co ranks #999999 out of 386 companies for Net-Net Working Capital. This places Dasheng Times Cultural Investment Co in the lower half of its industry. The industry median Net-Net Working Capital is 4.37. 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 Media - Diversified company?
The median Net-Net Working Capital among Media - Diversified companies is 4.37, based on 386 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 Dasheng Times Cultural Investment Co For the Media - Diversified industry, the median Net-Net Working Capital is 4.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dasheng Times Cultural Investment Co's current Net-Net Working Capital is ¥-0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dasheng Times Cultural Investment Co stock overvalued right now?
Based on GuruFocus' analysis, Dasheng Times Cultural Investment Co (SHSE:600892) is currently considered Possible Value Trap. The stock's GF Value™ is ¥8.43, compared to a current price of ¥4.42 — trading 47.6% below its estimated fair value. The current Net-Net Working Capital is ¥-0.69. Dasheng Times Cultural Investment Co's overall GF Score™ is 48/100 with 4 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 Dasheng Times Cultural Investment Co (SHSE:600892), the current Net-Net Working Capital is ¥-0.69 as of Jun. 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 Dasheng Times Cultural Investment Co (SHSE:600892) Overvalued in 2026?
Based on GuruFocus' analysis, Dasheng Times Cultural Investment Co stock appears to be undervalued.
The current stock price of ¥4.42 is trading 47.6% below its estimated GF Value™ of ¥8.43.
GuruFocus considers Dasheng Times Cultural Investment Co to be Possible Value Trap.
Key valuation signals for SHSE:600892:
Net-Net Working Capital: ¥-0.69
GF Value™: ¥8.43 vs. price of ¥4.42 (47.6% below fair value)
No single metric tells the full story. See the SHSE:600892 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dasheng Times Cultural Investment Co Ltd along with its subsidiaries is engaged in the business of investment, production development of pan-cultural projects such as video games. It is also engaged in production and distribution of television activities.
48GF Score
Get the complete analysis for SHSE:600892
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:600892 has been successfully added to your 
