JNDOF (JINS Holdings) Net-Net Working Capital: $-2.32 (As of Feb. 2026)

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JNDOF JINS Holdings Inc JNDOF
85 GF Score
Price $38.43
GF Value $38.70
Valuation Significantly Overvalued
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What is JINS Holdings Net-Net Working Capital?

JINS Holdings JNDOF 85 Net-Net Working Capital is $-2.32 as of Feb. 2026. GuruFocus rates JNDOF with a GF Score™ of 85/100 and a GF Value™ of $38.70 (Significantly Overvalued). Among 421 Medical Devices & Instruments companies, JINS Holdings ranks worse than 237529.45% 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.

JINS Holdings's Net-Net Working Capital for the quarter that ended in Feb. 2026 was $-2.32.

The industry rank for JINS Holdings's Net-Net Working Capital or its related term are showing as below:

JNDOF's Price-to-Net-Net-Working-Capital is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 6.52
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

JINS Holdings  (OTCPK:JNDOF) 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.


JINS Holdings Net-Net Working Capital Related Terms


JINS Holdings Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for JINS Holdings'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.

JINS Holdings Net-Net Working Capital Chart

JINS Holdings Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.68 -2.08 -1.42 -0.67 -1.45

JINS Holdings Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.46 -1.45 -2.07 -2.32 -3.01

JNDOF vs ISRG, BDX, MDLN: Net-Net Working Capital Comparison

For the Medical Instruments & Supplies subindustry, JINS Holdings'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.


JINS Holdings Price-to-Net-Net-Working-Capital vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, JINS Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where JINS Holdings's Price-to-Net-Net-Working-Capital falls into.


JNDOF
85GF Score
JINS Holdings Inc JNDOF
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
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JINS Holdings Net-Net Working Capital Calculation

JINS Holdings's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Aug. 2025 is calculated as

Net-Net Working Capital(A: Aug. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(81.212+0.75 * 54.028+0.5 * 43.152-177.124
-0-0)/23.342
=-1.45

JINS Holdings's Net-Net Working Capital (NNWC) per share for the quarter that ended in Feb. 2026 is calculated as

Net-Net Working Capital(Q: Feb. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(56.86+0.75 * 42.753+0.5 * 50.683-168.496
-0-0)/23.345
=-2.32

* 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 $-2.32 mean?
JINS Holdings (JNDOF) has a Net-Net Working Capital of $-2.32 as of Feb. 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 JINS Holdings According to the industry distribution chart, JINS Holdings ranks #999999 out of 421 companies in the Medical Devices & Instruments industry.
Is JINS Holdings' Net-Net Working Capital too high?
JINS Holdings' current Net-Net Working Capital is $-2.32. Based on the distribution chart, JINS Holdings ranks #999999 out of 421 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, JINS Holdings has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JINS Holdings' Net-Net Working Capital compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, JINS Holdings ranks #999999 out of 421 companies for Net-Net Working Capital. This places JINS Holdings in the lower half of its industry. The industry median Net-Net Working Capital is 6.52. 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 Medical Devices & Instruments company?
The median Net-Net Working Capital among Medical Devices & Instruments companies is 6.52, based on 421 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 JINS Holdings For the Medical Devices & Instruments industry, the median Net-Net Working Capital is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JINS Holdings's current Net-Net Working Capital is $-2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JINS Holdings stock overvalued right now?
Based on GuruFocus' analysis, JINS Holdings (JNDOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $38.70, compared to a current price of $38.43 — trading 0.7% below its estimated fair value. The current Net-Net Working Capital is $-2.32. JINS Holdings' overall GF Score™ is 85/100. 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 JINS Holdings (JNDOF), the current Net-Net Working Capital is $-2.32 as of Feb. 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 JINS Holdings (JNDOF) Overvalued in 2026?

Based on GuruFocus' analysis, JINS Holdings stock appears to be undervalued. The current stock price of $38.43 is trading 0.7% below its estimated GF Value™ of $38.70. GuruFocus considers JINS Holdings to be Significantly Overvalued.

Key valuation signals for JNDOF:

  • Net-Net Working Capital: $-2.32
  • GF Value™: $38.70 vs. price of $38.43 (0.7% below fair value)
  • GF Score™: 85/100

No single metric tells the full story. See the JNDOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JINS Holdings Business Description

Other Exchanges 3046:Japan5F3:Germany
Address 26-4 Kawaramachi 2-chome, Gunma Prefecture, Maebashi, JPN, 371-0046
JINS Holdings Inc is an eyewear retailer that manufactures and sells private-label fashion eyeglasses and sunglasses. It offers prescription eyeglasses and nonprescription fashion or functional eyeglasses. Its inventory is on the shelves, and it charges flat rates with generally no additional charges or options for lens features. Jin has more than 300 stores in Japan as well as locations in China, Taiwan, and the United States. Stores are typically located in high-traffic areas such as shopping centers, malls, and train stations.
85GF Score

Get the complete analysis for JNDOF

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$38.43
Price
$38.70
GF Value