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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.
Chubu Shiryo Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円399.13.
The industry rank for Chubu Shiryo Co's Net-Net Working Capital or its related term are showing as below:
NGO:2053's Price-to-Net-Net-Working-Capital is ranked better than 67.74% of 654
companies
in the Consumer Packaged Goods industry
Industry Median: 6.955
vs NGO:2053: 4.11
Chubu Shiryo Co (NGO:2053) 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.
Chubu Shiryo Co Net-Net Working Capital Related Terms
Chubu Shiryo Co Net-Net Working Capital Historical Data
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The historical data trend for Chubu Shiryo 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.
NGO:2053 vs KHC, GIS: Net-Net Working Capital Comparison
For the Packaged Foods subindustry, Chubu Shiryo 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.
Chubu Shiryo Co Price-to-Net-Net-Working-Capital vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Chubu Shiryo Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Chubu Shiryo 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399.13 mean?
Chubu Shiryo Co (NGO:2053) has a Net-Net Working Capital of 円399.13 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 Chubu Shiryo Co According to the industry distribution chart, Chubu Shiryo Co ranks #211 out of 654 companies in the Consumer Packaged Goods industry, placing it in the top 32.3%.
Is Chubu Shiryo Co's Net-Net Working Capital too high?
Chubu Shiryo Co's current Net-Net Working Capital is 円399.13. Based on the distribution chart, Chubu Shiryo Co ranks #211 out of 654 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Chubu Shiryo Co has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Chubu Shiryo Co's Net-Net Working Capital compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Chubu Shiryo Co ranks #211 out of 654 companies for Net-Net Working Capital. This puts Chubu Shiryo Co in the upper half of its industry. The industry median Net-Net Working Capital is 6.96. 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 Consumer Packaged Goods company?
The median Net-Net Working Capital among Consumer Packaged Goods companies is 6.96, based on 654 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 Chubu Shiryo Co For the Consumer Packaged Goods industry, the median Net-Net Working Capital is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chubu Shiryo Co's current Net-Net Working Capital is 円399.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chubu Shiryo Co stock overvalued right now?
Chubu Shiryo Co (NGO:2053) has a current Net-Net Working Capital of 円399.13. The stock's GF Value™ is 円958.54, compared to a current price of 円1,412.00 — trading 47.3% above its estimated fair value. The current Net-Net Working Capital is 円399.13. Chubu Shiryo Co's overall GF Score™ is 63/100 with 5 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 Chubu Shiryo Co (NGO:2053), the current Net-Net Working Capital is 円399.13 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 Chubu Shiryo Co (NGO:2053) Overvalued in 2026?
Based on GuruFocus' analysis, Chubu Shiryo Co stock appears to be overvalued.
The current stock price of 円1,412.00 is trading 47.3% above its estimated GF Value™ of 円958.54.
Key valuation signals for NGO:2053:
Net-Net Working Capital: 円399.13
GF Value™: 円958.54 vs. price of 円1,412.00 (47.3% above fair value)
No single metric tells the full story. See the NGO:2053 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chubu Shiryo Co Ltd is a Japan-based company engaged in the manufacturing and selling of formulated feed for livestock and fishery. It also provides domestic animal examination service such as animal hygiene management, pathological examination and breeding teaching guidance. In addition, the company is also involved in the sale of livestock products such as eggs, poultry, chicken, briquettes and others.
63GF Score
Get the complete analysis for NGO:2053
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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