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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.
Tokai Rika Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円263.64.
The industry rank for Tokai Rika Co's Net-Net Working Capital or its related term are showing as below:
NGO:6995's Price-to-Net-Net-Working-Capital is ranked worse than 67.48% of 369
companies
in the Vehicles & Parts industry
Industry Median: 8.08
vs NGO:6995: 14.24
Tokai Rika Co (NGO:6995) 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.
Tokai Rika Co Net-Net Working Capital Related Terms
Tokai Rika Co Net-Net Working Capital Historical Data
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The historical data trend for Tokai Rika 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:6995 vs ORLY, AZO: Net-Net Working Capital Comparison
For the Auto Parts subindustry, Tokai Rika 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.
Tokai Rika Co Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tokai Rika Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Tokai Rika 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263.64 mean?
Tokai Rika Co (NGO:6995) has a Net-Net Working Capital of 円263.64 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 Tokai Rika Co According to the industry distribution chart, Tokai Rika Co ranks #249 out of 369 companies in the Vehicles & Parts industry, placing it in the top 67.5%.
Is Tokai Rika Co's Net-Net Working Capital too high?
Tokai Rika Co's current Net-Net Working Capital is 円263.64. Based on the distribution chart, Tokai Rika Co ranks #249 out of 369 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Tokai Rika Co has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Tokai Rika Co's Net-Net Working Capital compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Tokai Rika Co ranks #249 out of 369 companies for Net-Net Working Capital. This places Tokai Rika Co in the lower half of its industry. The industry median Net-Net Working Capital is 8.08. 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 8.08, based on 369 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 Tokai Rika Co For the Vehicles & Parts industry, the median Net-Net Working Capital is 8.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokai Rika Co's current Net-Net Working Capital is 円263.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokai Rika Co stock overvalued right now?
Tokai Rika Co (NGO:6995) has a current Net-Net Working Capital of 円263.64. The stock's GF Value™ is 円1,644.02, compared to a current price of 円1,950.00 — trading 18.6% above its estimated fair value. The current Net-Net Working Capital is 円263.64. Tokai Rika Co's overall GF Score™ is 87/100 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 Tokai Rika Co (NGO:6995), the current Net-Net Working Capital is 円263.64 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 Tokai Rika Co (NGO:6995) Overvalued in 2026?
Based on GuruFocus' analysis, Tokai Rika Co stock appears to be overvalued.
The current stock price of 円1,950.00 is trading 18.6% above its estimated GF Value™ of 円1,644.02.
Key valuation signals for NGO:6995:
Net-Net Working Capital: 円263.64
GF Value™: 円1,644.02 vs. price of 円1,950.00 (18.6% above fair value)
No single metric tells the full story. See the NGO:6995 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokai Rika Co Ltd is a Japan-based company manufactures automobile control systems and components that accurately relay human commands, as well as security devices that prevent unauthorized entry and safety systems that protect human lives. The company's products include automotive switches, locks, and keys, seatbelts, shift levers, electronic parts, steering wheels, connectors, mirrors, plastic wheel covers, ornaments, amongst others.
87GF Score
Get the complete analysis for NGO:6995
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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