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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.
Konoike Transport Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was €-2.14.
The industry rank for Konoike Transport Co's Net-Net Working Capital or its related term are showing as below:
FRA:2KT's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 6.47 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Konoike Transport Co (FRA:2KT) 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.
Konoike Transport Co Net-Net Working Capital Related Terms
Konoike Transport Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Konoike Transport 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.
Konoike Transport Co Net-Net Working Capital Chart
FRA:2KT vs UPS, FDX, JBHT: Net-Net Working Capital Comparison
For the Integrated Freight & Logistics subindustry, Konoike Transport 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.
Konoike Transport Co Price-to-Net-Net-Working-Capital vs Transportation Industry
For the Transportation industry and Industrials sector, Konoike Transport Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Konoike Transport 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 €-2.14 mean?
Konoike Transport Co (FRA:2KT) has a Net-Net Working Capital of €-2.14 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 Konoike Transport Co According to the industry distribution chart, Konoike Transport Co ranks #999999 out of 219 companies in the Transportation industry.
Is Konoike Transport Co's Net-Net Working Capital too high?
Konoike Transport Co's current Net-Net Working Capital is €-2.14. Based on the distribution chart, Konoike Transport Co ranks #999999 out of 219 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Konoike Transport Co has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Konoike Transport Co's Net-Net Working Capital compare to UPS and FDX?
According to the Transportation industry distribution chart, Konoike Transport Co ranks #999999 out of 219 companies for Net-Net Working Capital. This places Konoike Transport Co in the lower half of its industry. The industry median Net-Net Working Capital is 6.47. 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 6.47, 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 Konoike Transport Co For the Transportation industry, the median Net-Net Working Capital is 6.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Konoike Transport Co's current Net-Net Working Capital is €-2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Konoike Transport Co stock overvalued right now?
Konoike Transport Co (FRA:2KT) has a current Net-Net Working Capital of €-2.14. The stock's GF Value™ is €14.50, compared to a current price of €15.50 — trading 6.9% above its estimated fair value. The current Net-Net Working Capital is €-2.14. Konoike Transport Co's overall GF Score™ is 69/100. 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 Konoike Transport Co (FRA:2KT), the current Net-Net Working Capital is €-2.14 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 Konoike Transport Co (FRA:2KT) Overvalued in 2026?
Based on GuruFocus' analysis, Konoike Transport Co stock appears to be overvalued.
The current stock price of €15.50 is trading 6.9% above its estimated GF Value™ of €14.50.
Key valuation signals for FRA:2KT:
Net-Net Working Capital: €-2.14
GF Value™: €14.50 vs. price of €15.50 (6.9% above fair value)
No single metric tells the full story. See the FRA:2KT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Konoike Transport Co Ltd is a Japanese based company engaged in providing logistics services. The company offers industrial process services, including distribution center contracting, warehouse management, distribution, safety supervision; onsite manufacturing processes at steelworks, factory line operation; ground, sea, and air freight transport solutions; chilled, frozen, dry warehousing and storage solutions; environment related, and industrial process solutions, hospital logistics and human resource solutions.
69GF 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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