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Elecom CoELCMF 95 Net-Net Working Capital is $4.96 as of Mar. 2026. GuruFocus rates ELCMF with a GF Score™ of 95/100 and a GF Value™ of $11.42. The stock has 3 warning signs investors should review. Among 1,205 Hardware companies, Elecom Co ranks better than 81.74% on this metric.
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.
Elecom Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $4.96.
The industry rank for Elecom Co's Net-Net Working Capital or its related term are showing as below:
ELCMF's Price-to-Net-Net-Working-Capital is ranked better than 81.74% of 1205
companies
in the Hardware industry
Industry Median: 8.24
vs ELCMF: 2.33
Elecom Co (OTCPK:ELCMF) 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.
Elecom Co Net-Net Working Capital Related Terms
Elecom Co Net-Net Working Capital Historical Data
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The historical data trend for Elecom 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.
ELCMF vs DELL, ANET, SNDK: Net-Net Working Capital Comparison
For the Computer Hardware subindustry, Elecom 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.
Elecom Co Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Elecom Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Elecom 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 $4.96 mean?
Elecom Co (ELCMF) has a Net-Net Working Capital of $4.96 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 Elecom Co According to the industry distribution chart, Elecom Co ranks #220 out of 1205 companies in the Hardware industry, placing it in the top 18.3%.
Is Elecom Co's Net-Net Working Capital too high?
Elecom Co's current Net-Net Working Capital is $4.96. The Hardware industry median Net-Net Working Capital is 8.24. Elecom Co's value of $4.96 is 39.8% below this industry median. Based on the distribution chart, Elecom Co ranks #220 out of 1205 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Elecom Co has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does Elecom Co's Net-Net Working Capital compare to DELL and ANET?
According to the Hardware industry distribution chart, Elecom Co ranks #220 out of 1205 companies for Net-Net Working Capital. This places Elecom Co in the top 18% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.24. Elecom Co's value of $4.96 is 39.8% 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 Hardware company?
The median Net-Net Working Capital among Hardware companies is 8.24, based on 1,205 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. Elecom Co's current Net-Net Working Capital of $4.96 is 39.8% 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 Elecom Co For the Hardware industry, the median Net-Net Working Capital is 8.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elecom Co's current Net-Net Working Capital is $4.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elecom Co stock overvalued right now?
Elecom Co (ELCMF) has a current Net-Net Working Capital of $4.96. The stock's GF Value™ is $11.42, compared to a current price of $10.15 — trading 11.1% below its estimated fair value. The current Net-Net Working Capital is $4.96 and 39.8% below the Hardware industry median of 8.24. Elecom Co's overall GF Score™ is 95/100 with 3 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 Elecom Co (ELCMF), the current Net-Net Working Capital is $4.96 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 Elecom Co (ELCMF) Overvalued in 2026?
Based on GuruFocus' analysis, Elecom Co stock appears to be undervalued.
The current stock price of $10.15 is trading 11.1% below its estimated GF Value™ of $11.42.
Key valuation signals for ELCMF:
Net-Net Working Capital: $4.96
GF Value™: $11.42 vs. price of $10.15 (11.1% below fair value)
Industry Position: 39.8% below the Hardware median (#220 of 1205)
No single metric tells the full story. See the ELCMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elecom Co Ltd is a Japan-based company which is engaged in the development, manufacture and sale of personal computer- and digital-equipment-related products through its subsidiaries. Its products portfolio includes personal computers, smartphones, televisions, digital photo frames, batteries, weight scales, digital cameras, digital video cameras, electronic dictionaries, speakers, game machines, light-emitting diode (LED) lighting devices, and others. The company also supplies peripherals, I/O devices, and PC accessories, such as mouse pads, mice and keyboards.
95GF Score
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