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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.
ZIM's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 6.18 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
ZIM Integrated Shipping Services (NYSE:ZIM) 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.
ZIM Integrated Shipping Services Net-Net Working Capital Related Terms
ZIM Integrated Shipping Services 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.
ZIM Integrated Shipping Services Net-Net Working Capital Chart
ZIM vs SBLK, DAC, NMM: Net-Net Working Capital Comparison
For the Marine Shipping subindustry, ZIM Integrated Shipping 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.
ZIM Integrated Shipping Services Price-to-Net-Net-Working-Capital vs Transportation Industry
For the Transportation industry and Industrials sector, ZIM Integrated Shipping Services's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where ZIM Integrated Shipping 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 $-37.19 mean?
ZIM Integrated Shipping Services (ZIM) has a Net-Net Working Capital of $-37.19 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 ZIM Integrated Shipping Services According to the industry distribution chart, ZIM Integrated Shipping Services ranks #999999 out of 219 companies in the Transportation industry.
Is ZIM Integrated Shipping Services' Net-Net Working Capital too high?
ZIM Integrated Shipping Services' current Net-Net Working Capital is $-37.19. Based on the distribution chart, ZIM Integrated Shipping Services ranks #999999 out of 219 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, ZIM Integrated Shipping Services has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ZIM Integrated Shipping Services' Net-Net Working Capital compare to SBLK and DAC?
According to the Transportation industry distribution chart, ZIM Integrated Shipping Services ranks #999999 out of 219 companies for Net-Net Working Capital. This places ZIM Integrated Shipping Services in the lower half of its industry. The industry median Net-Net Working Capital is 6.18. 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 Transportation company?
The median Net-Net Working Capital among Transportation companies is 6.18, based on 219 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 ZIM Integrated Shipping Services For the Transportation industry, the median Net-Net Working Capital is 6.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZIM Integrated Shipping Services's current Net-Net Working Capital is $-37.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZIM Integrated Shipping Services stock overvalued right now?
Based on GuruFocus' analysis, ZIM Integrated Shipping Services (ZIM) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.85, compared to a current price of $25.59 — trading 84.8% above its estimated fair value. The current Net-Net Working Capital is $-37.19. ZIM Integrated Shipping Services' overall GF Score™ is 58/100 with 10 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 ZIM Integrated Shipping Services (ZIM), the current Net-Net Working Capital is $-37.19 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 ZIM Integrated Shipping Services (ZIM) Overvalued in 2026?
Based on GuruFocus' analysis, ZIM Integrated Shipping Services stock appears to be overvalued.
The current stock price of $25.59 is trading 84.8% above its estimated GF Value™ of $13.85.
GuruFocus considers ZIM Integrated Shipping Services to be Significantly Overvalued.
Key valuation signals for ZIM:
Net-Net Working Capital: $-37.19
GF Value™: $13.85 vs. price of $25.59 (84.8% above fair value)
No single metric tells the full story. See the ZIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ZIM Integrated Shipping Services Business Description
ZIM Integrated Shipping Services Ltd is an asset-light container liner shipping company. It offers tailored services, including land transportation and logistical services, specialized shipping solutions, including the transportation of out-of-gauge cargo, refrigerated cargo, and dangerous and hazardous cargo. Its services include Cargo Services, Digital Services, Schedules, and Shipping Trades and Lines. Geographically, it derives a majority of its revenue from the Pacific trade region.
58GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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