ArkCore (NGO:3384) Net-Net Working Capital: 円569.22 (As of May. 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.

NGO:3384 ArkCore Inc NGO:3384
77 GF Score
Price 円765.00
GF Value 円824.89
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is ArkCore Net-Net Working Capital?

ArkCore NGO:3384 +0.13% 77 Net-Net Working Capital is 円569.22 as of May. 2026. GuruFocus rates NGO:3384 with a GF Score™ of 77/100 and a GF Value™ of 円824.89 (Fairly Valued). The stock has 1 warning sign investors should review. Among 362 Vehicles & Parts companies, ArkCore ranks better than 93.37% 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.

ArkCore's Net-Net Working Capital for the quarter that ended in May. 2026 was 円569.22.

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

NGO:3384's Price-to-Net-Net-Working-Capital is ranked better than
93.37% of 362 companies
in the Vehicles & Parts industry
Industry Median: 7.905 vs NGO:3384: 1.34

ArkCore  (NGO:3384) 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.


ArkCore Net-Net Working Capital Related Terms


ArkCore Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for ArkCore'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.

ArkCore Net-Net Working Capital Chart

ArkCore Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -167.90 21.40 160.92 301.52 435.84

ArkCore Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 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 392.94 416.68 520.03 435.84 569.22

NGO:3384 vs CVNA, PAG, KMX: Net-Net Working Capital Comparison

For the Auto & Truck Dealerships subindustry, ArkCore'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.


ArkCore Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ArkCore's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


NGO:3384
77GF Score
ArkCore Inc NGO:3384
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ArkCore Net-Net Working Capital Calculation

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

Net-Net Working Capital(A: Feb. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1661.779+0.75 * 82.94+0.5 * 785.786-1329.757
-0-0)/1.806
=435.84

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

Net-Net Working Capital(Q: May. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1987.087+0.75 * 114.299+0.5 * 673.166-1381.39
-0-0)/1.806
=569.22

* 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569.22 mean?
ArkCore (NGO:3384) has a Net-Net Working Capital of 円569.22 as of May. 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 ArkCore According to the industry distribution chart, ArkCore ranks #24 out of 362 companies in the Vehicles & Parts industry, placing it in the top 6.6%.
Is ArkCore's Net-Net Working Capital too high?
ArkCore's current Net-Net Working Capital is 円569.22. Based on the distribution chart, ArkCore ranks #24 out of 362 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, ArkCore has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ArkCore's Net-Net Working Capital compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, ArkCore ranks #24 out of 362 companies for Net-Net Working Capital. This places ArkCore in the top 7% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 7.91. 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 Vehicles & Parts company?
The median Net-Net Working Capital among Vehicles & Parts companies is 7.91, based on 362 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 ArkCore For the Vehicles & Parts industry, the median Net-Net Working Capital is 7.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ArkCore's current Net-Net Working Capital is 円569.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ArkCore stock overvalued right now?
Based on GuruFocus' analysis, ArkCore (NGO:3384) is currently considered Fairly Valued. The stock's GF Value™ is 円824.89, compared to a current price of 円765.00 — trading 7.3% below its estimated fair value. The current Net-Net Working Capital is 円569.22. ArkCore's overall GF Score™ is 77/100 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 ArkCore (NGO:3384), the current Net-Net Working Capital is 円569.22 as of May. 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 ArkCore (NGO:3384) Overvalued in 2026?

Based on GuruFocus' analysis, ArkCore stock appears to be undervalued. The current stock price of 円765.00 is trading 7.3% below its estimated GF Value™ of 円824.89. GuruFocus considers ArkCore to be Fairly Valued.

Key valuation signals for NGO:3384:

  • Net-Net Working Capital: 円569.22
  • GF Value™: 円824.89 vs. price of 円765.00 (7.3% below fair value)
  • GF Score™: 77/100 with 1 warning sign

No single metric tells the full story. See the NGO:3384 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ArkCore Business Description

Address 2-14-4, Ikebukuro, 3rd floor, Sky Building, Ikebukuro West Exit, Toshima-ku, Tokyo, JPN
ArkCore Inc. is engaged in the purchase and sales of motorcycles and related products in Japan. It sells bikes through its stores and online. The company operates its stores under the Bike Land and Bike Land Direct Sales Center brand names.
77GF Score

Get the complete analysis for NGO:3384

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

円765.00
Price
円824.89
GF Value