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Nihon Decoluxe CoNGO:7950 62 Net-Net Working Capital is 円2,733.45 as of Mar. 2026. GuruFocus rates NGO:7950 with a GF Score™ of 62/100 and a GF Value™ of 円8,402.83 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 173 Furnishings, Fixtures & Appliances companies, Nihon Decoluxe Co ranks better than 73.41% 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.
Nihon Decoluxe Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円2,733.45.
The industry rank for Nihon Decoluxe Co's Net-Net Working Capital or its related term are showing as below:
NGO:7950's Price-to-Net-Net-Working-Capital is ranked better than 73.41% of 173
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 7.37
vs NGO:7950: 3.48
Nihon Decoluxe Co (NGO:7950) 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.
Nihon Decoluxe Co Net-Net Working Capital Related Terms
Nihon Decoluxe Co Net-Net Working Capital Historical Data
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The historical data trend for Nihon Decoluxe 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:7950 vs SN, SGI, MHK: Net-Net Working Capital Comparison
For the Furnishings, Fixtures & Appliances subindustry, Nihon Decoluxe 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.
Nihon Decoluxe Co Price-to-Net-Net-Working-Capital vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nihon Decoluxe Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Nihon Decoluxe 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2,733.45 mean?
Nihon Decoluxe Co (NGO:7950) has a Net-Net Working Capital of 円2,733.45 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 Nihon Decoluxe Co According to the industry distribution chart, Nihon Decoluxe Co ranks #46 out of 173 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 26.6%.
Is Nihon Decoluxe Co's Net-Net Working Capital too high?
Nihon Decoluxe Co's current Net-Net Working Capital is 円2,733.45. Based on the distribution chart, Nihon Decoluxe Co ranks #46 out of 173 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Nihon Decoluxe Co has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Decoluxe Co's Net-Net Working Capital compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Nihon Decoluxe Co ranks #46 out of 173 companies for Net-Net Working Capital. This puts Nihon Decoluxe Co in the upper half of its industry. The industry median Net-Net Working Capital is 7.37. 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 Furnishings, Fixtures & Appliances company?
The median Net-Net Working Capital among Furnishings, Fixtures & Appliances companies is 7.37, based on 173 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 Nihon Decoluxe Co For the Furnishings, Fixtures & Appliances industry, the median Net-Net Working Capital is 7.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Decoluxe Co's current Net-Net Working Capital is 円2,733.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Decoluxe Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Decoluxe Co (NGO:7950) is currently considered Modestly Overvalued. The stock's GF Value™ is 円8,402.83, compared to a current price of 円9,380.00 — trading 11.6% above its estimated fair value. The current Net-Net Working Capital is 円2,733.45. Nihon Decoluxe Co's overall GF Score™ is 62/100 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 Nihon Decoluxe Co (NGO:7950), the current Net-Net Working Capital is 円2,733.45 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 Nihon Decoluxe Co (NGO:7950) Overvalued in 2026?
Based on GuruFocus' analysis, Nihon Decoluxe Co stock appears to be overvalued.
The current stock price of 円9,380.00 is trading 11.6% above its estimated GF Value™ of 円8,402.83.
GuruFocus considers Nihon Decoluxe Co to be Modestly Overvalued.
Key valuation signals for NGO:7950:
Net-Net Working Capital: 円2,733.45
GF Value™: 円8,402.83 vs. price of 円9,380.00 (11.6% above fair value)
No single metric tells the full story. See the NGO:7950 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nihon Decoluxe Co Ltd is engaged in offering decorative boards. It operates Decorative board business unit which covers melamine decorative boards, Living environment business unit, Electronic materials business unit, and a Chemical anchor business unit. The company has two reportable segments: Construction Materials Business and Real Estate Business. The Construction Materials Business manufactures and sells decorative panel products, products for the electronic parts industry, and chemical anchor products. Real Estate Business owns office buildings for lease and engages in real estate leasing.
62GF Score
Get the complete analysis for NGO:7950
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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