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Ariake Japan CoFRA:5EF +0.71%76 Net-Net Working Capital is €8.98 as of Mar. 2026. GuruFocus rates FRA:5EF with a GF Score™ of 76/100 and a GF Value™ of €31.47 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 644 Consumer Packaged Goods companies, Ariake Japan Co ranks better than 74.84% 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.
Ariake Japan Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was €8.98.
The industry rank for Ariake Japan Co's Net-Net Working Capital or its related term are showing as below:
FRA:5EF's Price-to-Net-Net-Working-Capital is ranked better than 74.84% of 644
companies
in the Consumer Packaged Goods industry
Industry Median: 6.87
vs FRA:5EF: 3.31
Ariake Japan Co (FRA:5EF) 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.
Ariake Japan Co Net-Net Working Capital Related Terms
Ariake Japan Co Net-Net Working Capital Historical Data
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The historical data trend for Ariake Japan 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.
FRA:5EF vs KHC, GIS: Net-Net Working Capital Comparison
For the Packaged Foods subindustry, Ariake Japan 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.
Ariake Japan Co Price-to-Net-Net-Working-Capital vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Ariake Japan Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Ariake Japan 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 €8.98 mean?
Ariake Japan Co (FRA:5EF) has a Net-Net Working Capital of €8.98 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 Ariake Japan Co According to the industry distribution chart, Ariake Japan Co ranks #162 out of 644 companies in the Consumer Packaged Goods industry, placing it in the top 25.2%.
Is Ariake Japan Co's Net-Net Working Capital too high?
Ariake Japan Co's current Net-Net Working Capital is €8.98. Based on the distribution chart, Ariake Japan Co ranks #162 out of 644 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Ariake Japan Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ariake Japan Co's Net-Net Working Capital compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Ariake Japan Co ranks #162 out of 644 companies for Net-Net Working Capital. This puts Ariake Japan Co in the upper half of its industry. The industry median Net-Net Working Capital is 6.87. 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 Consumer Packaged Goods company?
The median Net-Net Working Capital among Consumer Packaged Goods companies is 6.87, based on 644 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 Ariake Japan Co For the Consumer Packaged Goods industry, the median Net-Net Working Capital is 6.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ariake Japan Co's current Net-Net Working Capital is €8.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ariake Japan Co stock overvalued right now?
Based on GuruFocus' analysis, Ariake Japan Co (FRA:5EF) is currently considered Modestly Undervalued. The stock's GF Value™ is €31.47, compared to a current price of €28.40 — trading 9.8% below its estimated fair value. The current Net-Net Working Capital is €8.98. Ariake Japan Co's overall GF Score™ is 76/100 with 4 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 Ariake Japan Co (FRA:5EF), the current Net-Net Working Capital is €8.98 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 Ariake Japan Co (FRA:5EF) Overvalued in 2026?
Based on GuruFocus' analysis, Ariake Japan Co stock appears to be undervalued.
The current stock price of €28.40 is trading 9.8% below its estimated GF Value™ of €31.47.
GuruFocus considers Ariake Japan Co to be Modestly Undervalued.
Key valuation signals for FRA:5EF:
Net-Net Working Capital: €8.98
GF Value™: €31.47 vs. price of €28.40 (9.8% below fair value)
No single metric tells the full story. See the FRA:5EF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ariake Japan Co Ltd is engaged in manufacturing, processing, and sale of natural seasonings, marine products, as well as agricultural and livestock products. The company also provides technical guidance related to its products and manages restaurants. The products are categorized into different uses including products for instant noodle manufacturers such as soup bases; products for hotels and restaurants such as sauces and soup stock; products for food processing companies such as curries, ham, and sausages; and products for export. The company primarily operates in Japan and also owns manufacturing sites in multiple countries such as China, the U.S., Netherlands, France, and Belgium.
76GF Score
Get the complete analysis for FRA:5EF
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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