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NittohNGO:1738 -0.18%67 Net-Net Working Capital is 円133.45 as of Mar. 2026. GuruFocus rates NGO:1738 with a GF Score™ of 67/100 and a GF Value™ of 円600.15 (Fairly Valued). The stock has 1 warning sign investors should review. Among 481 Construction companies, Nittoh ranks better than 64.66% 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.
Nittoh's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円133.45.
The industry rank for Nittoh's Net-Net Working Capital or its related term are showing as below:
NGO:1738's Price-to-Net-Net-Working-Capital is ranked better than 64.66% of 481
companies
in the Construction industry
Industry Median: 6.67
vs NGO:1738: 4.36
Nittoh (NGO:1738) 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.
Nittoh Net-Net Working Capital Related Terms
Nittoh Net-Net Working Capital Historical Data
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The historical data trend for Nittoh'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.
NGO:1738 vs PWR, FIX, EME: Net-Net Working Capital Comparison
For the Engineering & Construction subindustry, Nittoh'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.
Nittoh Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, Nittoh's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Nittoh'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133.45 mean?
Nittoh (NGO:1738) has a Net-Net Working Capital of 円133.45 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 Nittoh According to the industry distribution chart, Nittoh ranks #170 out of 481 companies in the Construction industry, placing it in the top 35.3%.
Is Nittoh's Net-Net Working Capital too high?
Nittoh's current Net-Net Working Capital is 円133.45. Based on the distribution chart, Nittoh ranks #170 out of 481 companies in the Construction industry, which is above the industry midpoint. Overall, Nittoh has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nittoh's Net-Net Working Capital compare to PWR and FIX?
According to the Construction industry distribution chart, Nittoh ranks #170 out of 481 companies for Net-Net Working Capital. This puts Nittoh in the upper half of its industry. The industry median Net-Net Working Capital is 6.67. 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 6.67, based on 481 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 Nittoh For the Construction industry, the median Net-Net Working Capital is 6.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nittoh's current Net-Net Working Capital is 円133.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nittoh stock overvalued right now?
Based on GuruFocus' analysis, Nittoh (NGO:1738) is currently considered Fairly Valued. The stock's GF Value™ is 円600.15, compared to a current price of 円567.00 — trading 5.5% below its estimated fair value. The current Net-Net Working Capital is 円133.45. Nittoh's overall GF Score™ is 67/100 with 1 warning sign 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 Nittoh (NGO:1738), the current Net-Net Working Capital is 円133.45 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 Nittoh (NGO:1738) Overvalued in 2026?
Based on GuruFocus' analysis, Nittoh stock appears to be undervalued.
The current stock price of 円567.00 is trading 5.5% below its estimated GF Value™ of 円600.15.
GuruFocus considers Nittoh to be Fairly Valued.
Key valuation signals for NGO:1738:
Net-Net Working Capital: 円133.45
GF Value™: 円600.15 vs. price of 円567.00 (5.5% below fair value)
No single metric tells the full story. See the NGO:1738 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NITTOH Corp is engaged in civil engineering work. Its services include renovation business, new construction business, renewal construction business, equipment business, waterproofing business, and real estate business. The company also provides house maintenance services including pest and vermin control and house cleaning services.
67GF Score
Get the complete analysis for NGO:1738
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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