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J-Long GroupJL -0.88%24 Net-Net Working Capital is $1.98 as of Mar. 2026. GuruFocus rates JL with a GF Score™ of 24/100. Among 371 Manufacturing - Apparel & Accessories companies, J-Long Group ranks better than 67.92% 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.
J-Long Group's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $1.98.
The industry rank for J-Long Group's Net-Net Working Capital or its related term are showing as below:
JL's Price-to-Net-Net-Working-Capital is ranked better than 67.92% of 371
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.16
vs JL: 2.97
J-Long Group (NAS:JL) 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.
J-Long Group Net-Net Working Capital Related Terms
J-Long Group Net-Net Working Capital Historical Data
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The historical data trend for J-Long Group'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.
JL vs NCI, XELB, SKFG: Net-Net Working Capital Comparison
For the Apparel Manufacturing subindustry, J-Long Group'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.
J-Long Group Price-to-Net-Net-Working-Capital vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, J-Long Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where J-Long Group'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 $1.98 mean?
J-Long Group (JL) has a Net-Net Working Capital of $1.98 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 J-Long Group According to the industry distribution chart, J-Long Group ranks #119 out of 371 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 32.1%.
Is J-Long Group's Net-Net Working Capital too high?
J-Long Group's current Net-Net Working Capital is $1.98. The Manufacturing - Apparel & Accessories industry median Net-Net Working Capital is 5.16. J-Long Group's value of $1.98 is 61.6% below this industry median. Based on the distribution chart, J-Long Group ranks #119 out of 371 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, J-Long Group has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does J-Long Group's Net-Net Working Capital compare to NCI and XELB?
According to the Manufacturing - Apparel & Accessories industry distribution chart, J-Long Group ranks #119 out of 371 companies for Net-Net Working Capital. This puts J-Long Group in the upper half of its industry. The industry median Net-Net Working Capital is 5.16. J-Long Group's value of $1.98 is 61.6% 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 Manufacturing - Apparel & Accessories company?
The median Net-Net Working Capital among Manufacturing - Apparel & Accessories companies is 5.16, based on 371 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. J-Long Group's current Net-Net Working Capital of $1.98 is 61.6% 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 J-Long Group For the Manufacturing - Apparel & Accessories industry, the median Net-Net Working Capital is 5.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. J-Long Group's current Net-Net Working Capital is $1.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is J-Long Group stock overvalued right now?
J-Long Group (JL) has a current Net-Net Working Capital of $1.98. The current Net-Net Working Capital is $1.98 and 61.6% below the Manufacturing - Apparel & Accessories industry median of 5.16. J-Long Group's overall GF Score™ is 24/100. 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 J-Long Group (JL), the current Net-Net Working Capital is $1.98 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.
J-Long Group Ltd is an established distributor in Hong Kong of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords. It also offers a wide range of apparel solution services to cater to its customers' needs for reflective and non-reflective garment trims, ranging from market trend analysis, product design and development and production to quality control. The company operates in Asia (excluding other than Hong Kong and China), Hong Kong, China, and Others (Non-Asian).
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