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HappinetHAPYF 93 Net-Net Working Capital is $1.40 as of Mar. 2026. GuruFocus rates HAPYF with a GF Score™ of 93/100 and a GF Value™ of $9.57. Among 329 Retail - Cyclical companies, Happinet ranks worse than 69.91% 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.
Happinet's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $1.40.
The industry rank for Happinet's Net-Net Working Capital or its related term are showing as below:
HAPYF's Price-to-Net-Net-Working-Capital is ranked worse than 69.91% of 329
companies
in the Retail - Cyclical industry
Industry Median: 6.11
vs HAPYF: 13.77
Happinet (OTCPK:HAPYF) 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.
Happinet Net-Net Working Capital Related Terms
Happinet Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Happinet'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.
HAPYF vs CASY, WSM, ULTA: Net-Net Working Capital Comparison
For the Specialty Retail subindustry, Happinet'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.
Happinet Price-to-Net-Net-Working-Capital vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Happinet's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Happinet'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 $1.40 mean?
Happinet (HAPYF) has a Net-Net Working Capital of $1.40 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 Happinet According to the industry distribution chart, Happinet ranks #230 out of 329 companies in the Retail - Cyclical industry, placing it in the top 69.9%.
Is Happinet's Net-Net Working Capital too high?
Happinet's current Net-Net Working Capital is $1.40. The Retail - Cyclical industry median Net-Net Working Capital is 6.11. Happinet's value of $1.40 is 77.1% below this industry median. Based on the distribution chart, Happinet ranks #230 out of 329 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Happinet has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does Happinet's Net-Net Working Capital compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Happinet ranks #230 out of 329 companies for Net-Net Working Capital. This places Happinet in the lower half of its industry. The industry median Net-Net Working Capital is 6.11. Happinet's value of $1.40 is 77.1% 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 Retail - Cyclical company?
The median Net-Net Working Capital among Retail - Cyclical companies is 6.11, based on 329 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. Happinet's current Net-Net Working Capital of $1.40 is 77.1% 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 Happinet For the Retail - Cyclical industry, the median Net-Net Working Capital is 6.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Happinet's current Net-Net Working Capital is $1.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Happinet stock overvalued right now?
Happinet (HAPYF) has a current Net-Net Working Capital of $1.40. The stock's GF Value™ is $9.57, compared to a current price of $10.88 — trading 13.6% above its estimated fair value. The current Net-Net Working Capital is $1.40 and 77.1% below the Retail - Cyclical industry median of 6.11. Happinet's overall GF Score™ is 93/100. 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 Happinet (HAPYF), the current Net-Net Working Capital is $1.40 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 Happinet (HAPYF) Overvalued in 2026?
Based on GuruFocus' analysis, Happinet stock appears to be overvalued.
The current stock price of $10.88 is trading 13.6% above its estimated GF Value™ of $9.57.
Key valuation signals for HAPYF:
Net-Net Working Capital: $1.40
GF Value™: $9.57 vs. price of $10.88 (13.6% above fair value)
Industry Position: 77.1% below the Retail - Cyclical median (#230 of 329)
No single metric tells the full story. See the HAPYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Happinet Corp is engaged in the distribution of toys in the Japanese market. It operates through five business segments namely Toy, Visual and Music, Video Game, Amusement and Logistics Function. In addition, it plans, manufactures, and sells toys; and plans develops, and sells audio-visual software and video game hardware and software. Business activity is of the group is primarily functioned through Japan and it derives the majority its revenue through Toy segment.
93GF Score
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