Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Riken Technos's Net-Net Working Capital for the quarter that ended in Mar. 2026 was €0.18.
The industry rank for Riken Technos's Net-Net Working Capital or its related term are showing as below:
FRA:9B3's Price-to-Net-Net-Working-Capital is ranked worse than 98.1% of 580
companies
in the Chemicals industry
Industry Median: 8.34
vs FRA:9B3: 279.36
Riken Technos (FRA:9B3) 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.
Riken Technos Net-Net Working Capital Related Terms
Riken Technos Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Riken Technos'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:9B3 vs DOW: Net-Net Working Capital Comparison
For the Chemicals subindustry, Riken Technos'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.
Riken Technos Price-to-Net-Net-Working-Capital vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Riken Technos's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Riken Technos'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 €0.18 mean?
Riken Technos (FRA:9B3) has a Net-Net Working Capital of €0.18 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 Riken Technos According to the industry distribution chart, Riken Technos ranks #569 out of 580 companies in the Chemicals industry, placing it in the top 98.1%.
Is Riken Technos' Net-Net Working Capital too high?
Riken Technos' current Net-Net Working Capital is €0.18. Based on the distribution chart, Riken Technos ranks #569 out of 580 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Riken Technos has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Riken Technos' Net-Net Working Capital compare to DOW?
According to the Chemicals industry distribution chart, Riken Technos ranks #569 out of 580 companies for Net-Net Working Capital. This places Riken Technos in the lower half of its industry. The industry median Net-Net Working Capital is 8.34. 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 Chemicals company?
The median Net-Net Working Capital among Chemicals companies is 8.34, based on 580 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 Riken Technos For the Chemicals industry, the median Net-Net Working Capital is 8.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Riken Technos's current Net-Net Working Capital is €0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Riken Technos stock overvalued right now?
Riken Technos (FRA:9B3) has a current Net-Net Working Capital of €0.18. The stock's GF Value™ is €7.15, compared to a current price of €13.97 — trading 95.4% above its estimated fair value. The current Net-Net Working Capital is €0.18. Riken Technos' overall GF Score™ is 67/100 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 Riken Technos (FRA:9B3), the current Net-Net Working Capital is €0.18 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 Riken Technos (FRA:9B3) Overvalued in 2026?
Based on GuruFocus' analysis, Riken Technos stock appears to be overvalued.
The current stock price of €13.97 is trading 95.4% above its estimated GF Value™ of €7.15.
Key valuation signals for FRA:9B3:
Net-Net Working Capital: €0.18
GF Value™: €7.15 vs. price of €13.97 (95.4% above fair value)
No single metric tells the full story. See the FRA:9B3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Riken Technos Corp engages in the production and sale of synthetic resin products. Its operations are carried out through the following businesses: Compound, Film, Food Wrapping, and Others. The compound unit deals with synthetic resin mixtures in the form of pellets as primary materials for plastic molded products. The Film business handles synthetic resin processed into films. The Food Wrapping business manages thin synthetic resin films for food packaging use.
67GF Score
Get the complete analysis for FRA:9B3
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:9B3 has been successfully added to your 
