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NagaseNGSCF -1.02%71 Net-Net Working Capital is $-1.09 as of Mar. 2026. GuruFocus rates NGSCF with a GF Score™ of 71/100 and a GF Value™ of $2.46 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 589 Chemicals companies, Nagase ranks worse than 169779.12% 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.
Nagase's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-1.09.
The industry rank for Nagase's Net-Net Working Capital or its related term are showing as below:
NGSCF's Price-to-Net-Net-Working-Capital is not ranked *
in the Chemicals industry.
Industry Median: 7.72 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Nagase (OTCPK:NGSCF) 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.
Nagase Net-Net Working Capital Related Terms
Nagase Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Nagase'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.
NGSCF vs LIN, SHW, ECL: Net-Net Working Capital Comparison
For the Specialty Chemicals subindustry, Nagase'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.
Nagase Price-to-Net-Net-Working-Capital vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nagase's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Nagase'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 $-1.09 mean?
Nagase (NGSCF) has a Net-Net Working Capital of $-1.09 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 Nagase According to the industry distribution chart, Nagase ranks #999999 out of 589 companies in the Chemicals industry.
Is Nagase's Net-Net Working Capital too high?
Nagase's current Net-Net Working Capital is $-1.09. Based on the distribution chart, Nagase ranks #999999 out of 589 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Nagase has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nagase's Net-Net Working Capital compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nagase ranks #999999 out of 589 companies for Net-Net Working Capital. This places Nagase in the lower half of its industry. The industry median Net-Net Working Capital is 7.72. 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 Chemicals company?
The median Net-Net Working Capital among Chemicals companies is 7.72, based on 589 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 Nagase For the Chemicals industry, the median Net-Net Working Capital is 7.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nagase's current Net-Net Working Capital is $-1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nagase stock overvalued right now?
Based on GuruFocus' analysis, Nagase (NGSCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.46, compared to a current price of $7.36 — trading 199.3% above its estimated fair value. The current Net-Net Working Capital is $-1.09. Nagase's overall GF Score™ is 71/100 with 2 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 Nagase (NGSCF), the current Net-Net Working Capital is $-1.09 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 Nagase (NGSCF) Overvalued in 2026?
Based on GuruFocus' analysis, Nagase stock appears to be overvalued.
The current stock price of $7.36 is trading 199.3% above its estimated GF Value™ of $2.46.
GuruFocus considers Nagase to be Significantly Overvalued.
Key valuation signals for NGSCF:
Net-Net Working Capital: $-1.09
GF Value™: $2.46 vs. price of $7.36 (199.3% above fair value)
No single metric tells the full story. See the NGSCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nagase & Co Ltd is a Japan-based trading company focused on chemicals and related products. The company operates through five segments. The Electronics and Energy segment covers semiconductors, components, AR/VR, renewable energy, and displays. The Functional Material segment handles paints, inks, resins, chemicals, films, and sanitary materials. The Life Related segment offers pharmaceuticals, agrochemicals, food ingredients, cosmetics, reagents, and medical devices. The Mobility segment provides materials and products for batteries, electrification, in-vehicle electronics, and autonomous driving. The Processing Material segment deals with plastics, resins, molding machines, and molds, while Others includes information processing and functional services.
71GF Score
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