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Japan Material CoJPPMF 98 Net-Net Working Capital is 円314.95 as of Mar. 2026. GuruFocus rates JPPMF with a GF Score™ of 98/100. The stock has 2 warning signs investors should review. Among 478 Construction companies, Japan Material Co ranks worse than 56.9% 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.
Japan Material Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円314.95.
The industry rank for Japan Material Co's Net-Net Working Capital or its related term are showing as below:
JPPMF's Price-to-Net-Net-Working-Capital is ranked worse than 56.9% of 478
companies
in the Construction industry
Industry Median: 6.275
vs JPPMF: 7.10
Japan Material Co (OTCPK:JPPMF) 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.
Japan Material Co Net-Net Working Capital Related Terms
Japan Material Co Net-Net Working Capital Historical Data
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The historical data trend for Japan Material 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.
JPPMF vs PWR, FIX, EME: Net-Net Working Capital Comparison
For the Engineering & Construction subindustry, Japan Material 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.
Japan Material Co Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, Japan Material Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Japan Material 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 円314.95 mean?
Japan Material Co (JPPMF) has a Net-Net Working Capital of 円314.95 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 Japan Material Co According to the industry distribution chart, Japan Material Co ranks #272 out of 478 companies in the Construction industry, placing it in the top 56.9%.
Is Japan Material Co's Net-Net Working Capital too high?
Japan Material Co's current Net-Net Working Capital is 円314.95. Based on the distribution chart, Japan Material Co ranks #272 out of 478 companies in the Construction industry, which is below the industry midpoint. Overall, Japan Material Co has a GF Score™ of 98/100, reflecting its overall financial health beyond just this single metric.
How does Japan Material Co's Net-Net Working Capital compare to PWR and FIX?
According to the Construction industry distribution chart, Japan Material Co ranks #272 out of 478 companies for Net-Net Working Capital. This places Japan Material Co in the lower half of its industry. The industry median Net-Net Working Capital is 6.28. 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 Construction company?
The median Net-Net Working Capital among Construction companies is 6.28, based on 478 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 Japan Material Co For the Construction industry, the median Net-Net Working Capital is 6.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Material Co's current Net-Net Working Capital is 円314.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Material Co stock overvalued right now?
Japan Material Co (JPPMF) has a current Net-Net Working Capital of 円314.95. The current Net-Net Working Capital is 円314.95. Japan Material Co's overall GF Score™ is 98/100 with 2 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 Japan Material Co (JPPMF), the current Net-Net Working Capital is 円314.95 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.
Japan Material Co Ltd is engaged in manufacturing specialty gas supply devices and providing piping work and other related services. The company operates through two segments namely Electronics and Graphics solutions. Its Electronics segment is involved in the development, manufacture, and sale of gas supply systems for semiconductors and liquid crystal production, and various maintenance services. The Graphics solutions segment import, plan, market, and support multi-monitor compatible graphics products for various systems.
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