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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.
Chiyoda Co's Net-Net Working Capital for the quarter that ended in Nov. 2025 was $1.36.
The industry rank for Chiyoda Co's Net-Net Working Capital or its related term are showing as below:
CHYOF's Price-to-Net-Net-Working-Capital is ranked better than 64.22% of 327
companies
in the Retail - Cyclical industry
Industry Median: 6.59
vs CHYOF: 3.65
Chiyoda Co (OTCPK:CHYOF) 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.
Chiyoda Co Net-Net Working Capital Related Terms
Chiyoda Co Net-Net Working Capital Historical Data
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The historical data trend for Chiyoda Co'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.
CHYOF vs TJX, ROST, BURL: Net-Net Working Capital Comparison
For the Apparel Retail subindustry, Chiyoda 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.
Chiyoda Co Price-to-Net-Net-Working-Capital vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Chiyoda Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Chiyoda 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 $1.36 mean?
Chiyoda Co (CHYOF) has a Net-Net Working Capital of $1.36 as of Nov. 2025. 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 Chiyoda Co According to the industry distribution chart, Chiyoda Co ranks #117 out of 327 companies in the Retail - Cyclical industry, placing it in the top 35.8%.
Is Chiyoda Co's Net-Net Working Capital too high?
Chiyoda Co's current Net-Net Working Capital is $1.36. The Retail - Cyclical industry median Net-Net Working Capital is 6.59. Chiyoda Co's value of $1.36 is 79.4% below this industry median. Based on the distribution chart, Chiyoda Co ranks #117 out of 327 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Chiyoda Co has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Chiyoda Co's Net-Net Working Capital compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Chiyoda Co ranks #117 out of 327 companies for Net-Net Working Capital. This puts Chiyoda Co in the upper half of its industry. The industry median Net-Net Working Capital is 6.59. Chiyoda Co's value of $1.36 is 79.4% 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 Retail - Cyclical company?
The median Net-Net Working Capital among Retail - Cyclical companies is 6.59, based on 327 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. Chiyoda Co's current Net-Net Working Capital of $1.36 is 79.4% 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 Chiyoda Co For the Retail - Cyclical industry, the median Net-Net Working Capital is 6.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chiyoda Co's current Net-Net Working Capital is $1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chiyoda Co stock overvalued right now?
Chiyoda Co (CHYOF) has a current Net-Net Working Capital of $1.36. The stock's GF Value™ is $7.20, compared to a current price of $8.10 — trading 12.5% above its estimated fair value. The current Net-Net Working Capital is $1.36 and 79.4% below the Retail - Cyclical industry median of 6.59. Chiyoda Co's overall GF Score™ is 57/100 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 Chiyoda Co (CHYOF), the current Net-Net Working Capital is $1.36 as of Nov. 2025. 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 Chiyoda Co (CHYOF) Overvalued in 2026?
Based on GuruFocus' analysis, Chiyoda Co stock appears to be overvalued.
The current stock price of $8.10 is trading 12.5% above its estimated GF Value™ of $7.20.
Key valuation signals for CHYOF:
Net-Net Working Capital: $1.36
GF Value™: $7.20 vs. price of $8.10 (12.5% above fair value)
Industry Position: 79.4% below the Retail - Cyclical median (#117 of 327)
No single metric tells the full story. See the CHYOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chiyoda Co Ltd operates shoe and clothing retail stores in Japan. The shoe segment accounts for roughly three-fourths of total company revenue. Chiyoda has more than 1,000 shoe stores, which sell both private-label and national brands and operate mainly under the names Shoe Plaza and Tokyo Shoes Retailing Center. The majority of Chiyoda's shoe sales are in the athletic footwear, adult men's, and adult women's categories. The remaining sales are in the clothing segment, where the company operates nearly 500 stores, mainly under the Mac-House brand name.
57GF Score
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