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.
China Oriental Group Co's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $-0.61.
The industry rank for China Oriental Group Co's Net-Net Working Capital or its related term are showing as below:
CUGCF's Price-to-Net-Net-Working-Capital is not ranked *
in the Steel industry.
Industry Median: 4.33 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
China Oriental Group Co (OTCPK:CUGCF) 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.
China Oriental Group Co Net-Net Working Capital Related Terms
China Oriental Group Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for China Oriental Group 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.
China Oriental Group Co Net-Net Working Capital Chart
CUGCF vs NUE, STLD, RS: Net-Net Working Capital Comparison
For the Steel subindustry, China Oriental Group 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.
China Oriental Group Co Price-to-Net-Net-Working-Capital vs Steel Industry
For the Steel industry and Basic Materials sector, China Oriental Group Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where China Oriental Group 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 $-0.61 mean?
China Oriental Group Co (CUGCF) has a Net-Net Working Capital of $-0.61 as of Dec. 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 China Oriental Group Co According to the industry distribution chart, China Oriental Group Co ranks #999999 out of 179 companies in the Steel industry.
Is China Oriental Group Co's Net-Net Working Capital too high?
China Oriental Group Co's current Net-Net Working Capital is $-0.61. Based on the distribution chart, China Oriental Group Co ranks #999999 out of 179 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, China Oriental Group Co has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does China Oriental Group Co's Net-Net Working Capital compare to NUE and STLD?
According to the Steel industry distribution chart, China Oriental Group Co ranks #999999 out of 179 companies for Net-Net Working Capital. This places China Oriental Group Co in the lower half of its industry. The industry median Net-Net Working Capital is 4.33. 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 Steel company?
The median Net-Net Working Capital among Steel companies is 4.33, based on 179 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 China Oriental Group Co For the Steel industry, the median Net-Net Working Capital is 4.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Oriental Group Co's current Net-Net Working Capital is $-0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Oriental Group Co stock overvalued right now?
China Oriental Group Co (CUGCF) has a current Net-Net Working Capital of $-0.61. The stock's GF Value™ is $0.19, compared to a current price of $0.19 — trading 0.1% above its estimated fair value. The current Net-Net Working Capital is $-0.61. China Oriental Group Co's overall GF Score™ is 65/100 with 6 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 China Oriental Group Co (CUGCF), the current Net-Net Working Capital is $-0.61 as of Dec. 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 China Oriental Group Co (CUGCF) Overvalued in 2026?
Based on GuruFocus' analysis, China Oriental Group Co stock appears to be overvalued.
The current stock price of $0.19 is trading 0.1% above its estimated GF Value™ of $0.19.
Key valuation signals for CUGCF:
Net-Net Working Capital: $-0.61
GF Value™: $0.19 vs. price of $0.19 (0.1% above fair value)
No single metric tells the full story. See the CUGCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Oriental Group Co Ltd is involved in investment holding and trading of steel products and iron ore. The company, along with its subsidiaries, is engaged in the manufacturing and sale of iron and steel products, the trading of steel products, iron ore, and related raw materials, the sale of power equipment, and the real estate business. The Group's product offerings mainly include rebars, billets, cold-rolled sheets and galvanized sheets, steel strips and strip products, and H-section steel products, among others. Its operating segments are: Iron and steel, which generates the maximum revenue, and Real estate. Geographically, the Group generates the majority of its revenue from the People's Republic of China (PRC).
65GF Score
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