MSMKF (MatsukiyoCocokara) Net-Net Working Capital: $0.69 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MSMKF MatsukiyoCocokara & Co MSMKF
84 GF Score
Price $14.88
GF Value $20.80
Valuation Modestly Undervalued
View Full Analysis

What is MatsukiyoCocokara Net-Net Working Capital?

MatsukiyoCocokara MSMKF 84 Net-Net Working Capital is $0.69 as of Mar. 2026. GuruFocus rates MSMKF with a GF Score™ of 84/100 and a GF Value™ of $20.80 (Modestly Undervalued). Among 194 Healthcare Providers & Services companies, MatsukiyoCocokara ranks worse than 80.93% 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.

MatsukiyoCocokara's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $0.69.

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

MSMKF's Price-to-Net-Net-Working-Capital is ranked worse than
80.93% of 194 companies
in the Healthcare Providers & Services industry
Industry Median: 7.625 vs MSMKF: 22.21

MatsukiyoCocokara  (OTCPK:MSMKF) 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.


MatsukiyoCocokara Net-Net Working Capital Related Terms


MatsukiyoCocokara Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for MatsukiyoCocokara'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.

MatsukiyoCocokara Net-Net Working Capital Chart

MatsukiyoCocokara Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.26 -0.01 0.38 0.68 0.69

MatsukiyoCocokara Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.68 0.58 0.68 0.49 0.69

MatsukiyoCocokara Net-Net Working Capital Competitor Comparison

For the Pharmaceutical Retailers subindustry, MatsukiyoCocokara'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.


MatsukiyoCocokara Price-to-Net-Net-Working-Capital vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, MatsukiyoCocokara's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


MSMKF
84GF Score
MatsukiyoCocokara & Co MSMKF
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MatsukiyoCocokara Net-Net Working Capital Calculation

MatsukiyoCocokara's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2026 is calculated as

Net-Net Working Capital(A: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(754.625+0.75 * 469.616+0.5 * 1014.017-1332.105
-0-5.848)/397.926
=0.69

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

Net-Net Working Capital(Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(754.625+0.75 * 469.616+0.5 * 1014.017-1332.105
-0-5.848)/397.926
=0.69

* 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 $0.69 mean?
MatsukiyoCocokara (MSMKF) has a Net-Net Working Capital of $0.69 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 MatsukiyoCocokara According to the industry distribution chart, MatsukiyoCocokara ranks #157 out of 194 companies in the Healthcare Providers & Services industry, placing it in the top 80.9%.
Is MatsukiyoCocokara's Net-Net Working Capital too high?
MatsukiyoCocokara's current Net-Net Working Capital is $0.69. The Healthcare Providers & Services industry median Net-Net Working Capital is 7.63. MatsukiyoCocokara's value of $0.69 is 91% below this industry median. Based on the distribution chart, MatsukiyoCocokara ranks #157 out of 194 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, MatsukiyoCocokara has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MatsukiyoCocokara's Net-Net Working Capital compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, MatsukiyoCocokara ranks #157 out of 194 companies for Net-Net Working Capital. This places MatsukiyoCocokara in the lower half of its industry. The industry median Net-Net Working Capital is 7.63. MatsukiyoCocokara's value of $0.69 is 91% 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 Healthcare Providers & Services company?
The median Net-Net Working Capital among Healthcare Providers & Services companies is 7.63, based on 194 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. MatsukiyoCocokara's current Net-Net Working Capital of $0.69 is 91% 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 MatsukiyoCocokara For the Healthcare Providers & Services industry, the median Net-Net Working Capital is 7.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MatsukiyoCocokara's current Net-Net Working Capital is $0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MatsukiyoCocokara stock overvalued right now?
Based on GuruFocus' analysis, MatsukiyoCocokara (MSMKF) is currently considered Modestly Undervalued. The stock's GF Value™ is $20.80, compared to a current price of $14.88 — trading 28.5% below its estimated fair value. The current Net-Net Working Capital is $0.69 and 91% below the Healthcare Providers & Services industry median of 7.63. MatsukiyoCocokara's overall GF Score™ is 84/100. 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 MatsukiyoCocokara (MSMKF), the current Net-Net Working Capital is $0.69 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 MatsukiyoCocokara (MSMKF) Overvalued in 2026?

Based on GuruFocus' analysis, MatsukiyoCocokara stock appears to be undervalued. The current stock price of $14.88 is trading 28.5% below its estimated GF Value™ of $20.80. GuruFocus considers MatsukiyoCocokara to be Modestly Undervalued.

Key valuation signals for MSMKF:

  • Net-Net Working Capital: $0.69
  • GF Value™: $20.80 vs. price of $14.88 (28.5% below fair value)
  • GF Score™: 84/100
  • Industry Position: 91% below the Healthcare Providers & Services median (#157 of 194)

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


MatsukiyoCocokara Business Description

Other Exchanges 3088:Japan
Address 1-8-2 Yushima, 7th Floor, MK Ochanomizu Building, Tokyo, JPN, 113-0034
MatsukiyoCocokara & Co operates retail drugstores and insurance dispensing pharmacies in Japan. The company's main segments are the Matsumotokiyoshi Group Business, focused on stores under the Matsumotokiyoshi brand; the Cocokara Fine Group Business, centered on Cocokara Fine stores; and the Management Support Business, which procures products, oversees group operations, and manages indirect functions such as advertising and promotion. It generates the majority of its revenue from the Matsumotokiyoshi Group Business segment.
84GF Score

Get the complete analysis for MSMKF

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

$14.88
Price
$20.80
GF Value