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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.
Inaba Denkisangyo Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $2.38.
The industry rank for Inaba Denkisangyo Co's Net-Net Working Capital or its related term are showing as below:
IBADF's Price-to-Net-Net-Working-Capital is ranked worse than 51.79% of 56
companies
in the Industrial Distribution industry
Industry Median: 7.2
vs IBADF: 7.27
Inaba Denkisangyo Co (OTCPK:IBADF) 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.
Inaba Denkisangyo Co Net-Net Working Capital Related Terms
Inaba Denkisangyo Co Net-Net Working Capital Historical Data
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The historical data trend for Inaba Denkisangyo 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.
Inaba Denkisangyo Co Net-Net Working Capital Chart
IBADF vs GWW, FAST, FERG: Net-Net Working Capital Comparison
For the Industrial Distribution subindustry, Inaba Denkisangyo 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.
Inaba Denkisangyo Co Price-to-Net-Net-Working-Capital vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Inaba Denkisangyo Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Inaba Denkisangyo 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 $2.38 mean?
Inaba Denkisangyo Co (IBADF) has a Net-Net Working Capital of $2.38 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 Inaba Denkisangyo Co According to the industry distribution chart, Inaba Denkisangyo Co ranks #29 out of 56 companies in the Industrial Distribution industry, placing it in the top 51.8%.
Is Inaba Denkisangyo Co's Net-Net Working Capital too high?
Inaba Denkisangyo Co's current Net-Net Working Capital is $2.38. The Industrial Distribution industry median Net-Net Working Capital is 7.20. Inaba Denkisangyo Co's value of $2.38 is 66.9% below this industry median. Based on the distribution chart, Inaba Denkisangyo Co ranks #29 out of 56 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Inaba Denkisangyo Co has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Inaba Denkisangyo Co's Net-Net Working Capital compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Inaba Denkisangyo Co ranks #29 out of 56 companies for Net-Net Working Capital. This places Inaba Denkisangyo Co in the lower half of its industry. The industry median Net-Net Working Capital is 7.20. Inaba Denkisangyo Co's value of $2.38 is 66.9% 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 an Industrial Distribution company?
The median Net-Net Working Capital among Industrial Distribution companies is 7.20, based on 56 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. Inaba Denkisangyo Co's current Net-Net Working Capital of $2.38 is 66.9% 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 Inaba Denkisangyo Co For the Industrial Distribution industry, the median Net-Net Working Capital is 7.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Inaba Denkisangyo Co's current Net-Net Working Capital is $2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inaba Denkisangyo Co stock overvalued right now?
Inaba Denkisangyo Co (IBADF) has a current Net-Net Working Capital of $2.38. The stock's GF Value™ is $14.63, compared to a current price of $17.81 — trading 21.7% above its estimated fair value. The current Net-Net Working Capital is $2.38 and 66.9% below the Industrial Distribution industry median of 7.20. Inaba Denkisangyo Co's overall GF Score™ is 88/100 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 Inaba Denkisangyo Co (IBADF), the current Net-Net Working Capital is $2.38 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 Inaba Denkisangyo Co (IBADF) Overvalued in 2026?
Based on GuruFocus' analysis, Inaba Denkisangyo Co stock appears to be overvalued.
The current stock price of $17.81 is trading 21.7% above its estimated GF Value™ of $14.63.
Key valuation signals for IBADF:
Net-Net Working Capital: $2.38
GF Value™: $14.63 vs. price of $17.81 (21.7% above fair value)
Industry Position: 66.9% below the Industrial Distribution median (#29 of 56)
No single metric tells the full story. See the IBADF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Inaba Denkisangyo Co Ltd is engaged in Electrical Equipment Business, Industrial Machinery Business, and Proprietary Products Business. Electrical equipment and materials division comprises products from light fittings, air conditioning systems, distribution panels for all types of buildings. Industrial solutions division consists of solutions for issues such as improving productivity, resource conservation, and space saving. Proprietary products division includes the development of in-house brands Inaba denko and Abaniact.
88GF 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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