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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.
TSXV:DWS's Price-to-Net-Net-Working-Capital is not ranked *
in the Beverages - Alcoholic industry.
Industry Median: 7.84 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Diamond Estates Wines & Spirits (TSXV:DWS) 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.
Diamond Estates Wines & Spirits Net-Net Working Capital Related Terms
Diamond Estates Wines & Spirits 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.
Diamond Estates Wines & Spirits Net-Net Working Capital Chart
TSXV:DWS vs BF.B: Net-Net Working Capital Comparison
For the Beverages - Wineries & Distilleries subindustry, Diamond Estates Wines & Spirits'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.
Diamond Estates Wines & Spirits Price-to-Net-Net-Working-Capital vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Diamond Estates Wines & Spirits's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Diamond Estates Wines & Spirits'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$-0.23 mean?
Diamond Estates Wines & Spirits (TSXV:DWS) has a Net-Net Working Capital of C$-0.23 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 Diamond Estates Wines & Spirits According to the industry distribution chart, Diamond Estates Wines & Spirits ranks #999999 out of 67 companies in the Beverages - Alcoholic industry.
Is Diamond Estates Wines & Spirits' Net-Net Working Capital too high?
Diamond Estates Wines & Spirits' current Net-Net Working Capital is C$-0.23. Based on the distribution chart, Diamond Estates Wines & Spirits ranks #999999 out of 67 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Diamond Estates Wines & Spirits has a GF Score™ of 34/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Diamond Estates Wines & Spirits' Net-Net Working Capital compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Diamond Estates Wines & Spirits ranks #999999 out of 67 companies for Net-Net Working Capital. This places Diamond Estates Wines & Spirits in the lower half of its industry. The industry median Net-Net Working Capital is 7.84. 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 Beverages - Alcoholic company?
The median Net-Net Working Capital among Beverages - Alcoholic companies is 7.84, based on 67 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 Diamond Estates Wines & Spirits For the Beverages - Alcoholic industry, the median Net-Net Working Capital is 7.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Diamond Estates Wines & Spirits's current Net-Net Working Capital is C$-0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Diamond Estates Wines & Spirits stock overvalued right now?
Based on GuruFocus' analysis, Diamond Estates Wines & Spirits (TSXV:DWS) is currently considered Modestly Overvalued. The stock's GF Value™ is C$0.13, compared to a current price of C$0.15 — trading 11.5% above its estimated fair value. The current Net-Net Working Capital is C$-0.23. Diamond Estates Wines & Spirits' overall GF Score™ is 34/100 with 5 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 Diamond Estates Wines & Spirits (TSXV:DWS), the current Net-Net Working Capital is C$-0.23 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 Diamond Estates Wines & Spirits (TSXV:DWS) Overvalued in 2026?
Based on GuruFocus' analysis, Diamond Estates Wines & Spirits stock appears to be overvalued.
The current stock price of C$0.15 is trading 11.5% above its estimated GF Value™ of C$0.13.
GuruFocus considers Diamond Estates Wines & Spirits to be Modestly Overvalued.
Key valuation signals for TSXV:DWS:
Net-Net Working Capital: C$-0.23
GF Value™: C$0.13 vs. price of C$0.15 (11.5% above fair value)
No single metric tells the full story. See the TSXV:DWS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Diamond Estates Wines & Spirits Inc is a Canada-based firm engaged in the production, marketing, and sale of wine and through its agency division, operating as Trajectory Beverage Partners, distribution and marketing activities for various beverage alcohol brands that it represents in Canada. Its operating segments are Distribution and sales of products represented in Canada under agency agreements with third parties, and sales of manufactured wines. The company generates a majority of its revenue from the sale of wines.
34GF Score
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