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.
Information Services's Net-Net Working Capital for the quarter that ended in Mar. 2026 was C$-15.03.
The industry rank for Information Services's Net-Net Working Capital or its related term are showing as below:
TSX:ISC's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 5.51 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Information Services (TSX:ISC) 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.
Information Services Net-Net Working Capital Related Terms
Information Services Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Information Services'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.
Information Services Net-Net Working Capital Chart
TSX:ISC vs CTAS, CPRT, ULS: Net-Net Working Capital Comparison
For the Specialty Business Services subindustry, Information 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.
Information Services Price-to-Net-Net-Working-Capital vs Business Services Industry
For the Business Services industry and Industrials sector, Information Services's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Information 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 C$-15.03 mean?
Information Services (TSX:ISC) has a Net-Net Working Capital of C$-15.03 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Information Services According to the industry distribution chart, Information Services ranks #999999 out of 445 companies in the Business Services industry.
Is Information Services' Net-Net Working Capital too high?
Information Services' current Net-Net Working Capital is C$-15.03. Based on the distribution chart, Information Services ranks #999999 out of 445 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Information Services has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Information Services' Net-Net Working Capital compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Information Services ranks #999999 out of 445 companies for Net-Net Working Capital. This places Information Services in the lower half of its industry. The industry median Net-Net Working Capital is 5.51. 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 Business Services company?
The median Net-Net Working Capital among Business Services companies is 5.51, based on 445 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 Information Services For the Business Services industry, the median Net-Net Working Capital is 5.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Information Services's current Net-Net Working Capital is C$-15.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Information Services stock overvalued right now?
Based on GuruFocus' analysis, Information Services (TSX:ISC) is currently considered Significantly Overvalued. The stock's GF Value™ is C$30.61, compared to a current price of C$51.14 — trading 67.1% above its estimated fair value. The current Net-Net Working Capital is C$-15.03. Information Services' overall GF Score™ is 86/100 with 9 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 Information Services (TSX:ISC), the current Net-Net Working Capital is C$-15.03 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 Information Services (TSX:ISC) Overvalued in 2026?
Based on GuruFocus' analysis, Information Services stock appears to be overvalued.
The current stock price of C$51.14 is trading 67.1% above its estimated GF Value™ of C$30.61.
GuruFocus considers Information Services to be Significantly Overvalued.
Key valuation signals for TSX:ISC:
Net-Net Working Capital: C$-15.03
GF Value™: C$30.61 vs. price of C$51.14 (67.1% above fair value)
No single metric tells the full story. See the TSX:ISC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Information Services Corp is a Canada-based provider of registry and information management services for public data and records. The company has three segments namely Registry Operations, Services and Technology Solutions. The Registries segment involves the provision of registry and information services and solutions to governments and private sector organizations. The Services segment provides products and services that utilize public records and data to provide value to customers in the financial and legal sectors. Technology Solutions provides the development, delivery and support of registry (and related) technology solutions. The company derives maximum revenue from Registry Operations segment.
86GF Score
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