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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.
Wesdome Gold Mines's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $1.11.
The industry rank for Wesdome Gold Mines's Net-Net Working Capital or its related term are showing as below:
WDOFF's Price-to-Net-Net-Working-Capital is ranked worse than 80.23% of 1133
companies
in the Metals & Mining industry
Industry Median: 6.83
vs WDOFF: 17.40
Wesdome Gold Mines (OTCPK:WDOFF) 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.
Wesdome Gold Mines Net-Net Working Capital Related Terms
Wesdome Gold Mines Net-Net Working Capital Historical Data
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The historical data trend for Wesdome Gold Mines'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.
WDOFF vs NEM, AU: Net-Net Working Capital Comparison
For the Gold subindustry, Wesdome Gold Mines'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.
Wesdome Gold Mines Price-to-Net-Net-Working-Capital vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Wesdome Gold Mines's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Wesdome Gold Mines'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 $1.11 mean?
Wesdome Gold Mines (WDOFF) has a Net-Net Working Capital of $1.11 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 Wesdome Gold Mines According to the industry distribution chart, Wesdome Gold Mines ranks #909 out of 1133 companies in the Metals & Mining industry, placing it in the top 80.2%.
Is Wesdome Gold Mines' Net-Net Working Capital too high?
Wesdome Gold Mines' current Net-Net Working Capital is $1.11. The Metals & Mining industry median Net-Net Working Capital is 6.83. Wesdome Gold Mines' value of $1.11 is 83.7% below this industry median. Based on the distribution chart, Wesdome Gold Mines ranks #909 out of 1133 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Wesdome Gold Mines has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wesdome Gold Mines' Net-Net Working Capital compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Wesdome Gold Mines ranks #909 out of 1133 companies for Net-Net Working Capital. This places Wesdome Gold Mines in the lower half of its industry. The industry median Net-Net Working Capital is 6.83. Wesdome Gold Mines' value of $1.11 is 83.7% 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 a Metals & Mining company?
The median Net-Net Working Capital among Metals & Mining companies is 6.83, based on 1,133 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. Wesdome Gold Mines's current Net-Net Working Capital of $1.11 is 83.7% 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 Wesdome Gold Mines For the Metals & Mining industry, the median Net-Net Working Capital is 6.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wesdome Gold Mines's current Net-Net Working Capital is $1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wesdome Gold Mines stock overvalued right now?
Based on GuruFocus' analysis, Wesdome Gold Mines (WDOFF) is currently considered Modestly Undervalued. The stock's GF Value™ is $22.86, compared to a current price of $19.14 — trading 16.3% below its estimated fair value. The current Net-Net Working Capital is $1.11 and 83.7% below the Metals & Mining industry median of 6.83. Wesdome Gold Mines' overall GF Score™ is 97/100 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 Wesdome Gold Mines (WDOFF), the current Net-Net Working Capital is $1.11 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 Wesdome Gold Mines (WDOFF) Overvalued in 2026?
Based on GuruFocus' analysis, Wesdome Gold Mines stock appears to be undervalued.
The current stock price of $19.14 is trading 16.3% below its estimated GF Value™ of $22.86.
GuruFocus considers Wesdome Gold Mines to be Modestly Undervalued.
Key valuation signals for WDOFF:
Net-Net Working Capital: $1.11
GF Value™: $22.86 vs. price of $19.14 (16.3% below fair value)
Industry Position: 83.7% below the Metals & Mining median (#909 of 1133)
No single metric tells the full story. See the WDOFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground, Kiena Complex, and Mishi Open Pit gold mines. The activities of the group function through Canada and it derives revenue from the sale of gold and silver bullion. The company operates in one segment which is the gold mining and related activities industry including exploration, extraction, processing and decommissioning.
97GF Score
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