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NHK Spring CoNHKGF 72 Net-Net Working Capital is $-0.79 as of Mar. 2026. GuruFocus rates NHKGF with a GF Score™ of 72/100 and a GF Value™ of $11.33 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 384 Vehicles & Parts companies, NHK Spring Co ranks worse than 260416.41% 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.
NHK Spring Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-0.79.
The industry rank for NHK Spring Co's Net-Net Working Capital or its related term are showing as below:
NHKGF's Price-to-Net-Net-Working-Capital is not ranked *
in the Vehicles & Parts industry.
Industry Median: 7.53 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
NHK Spring Co (OTCPK:NHKGF) 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.
NHK Spring Co Net-Net Working Capital Related Terms
NHK Spring Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for NHK Spring 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.
NHKGF vs ORLY, AZO: Net-Net Working Capital Comparison
For the Auto Parts subindustry, NHK Spring 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.
NHK Spring Co Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, NHK Spring Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where NHK Spring 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 $-0.79 mean?
NHK Spring Co (NHKGF) has a Net-Net Working Capital of $-0.79 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 NHK Spring Co According to the industry distribution chart, NHK Spring Co ranks #999999 out of 384 companies in the Vehicles & Parts industry.
Is NHK Spring Co's Net-Net Working Capital too high?
NHK Spring Co's current Net-Net Working Capital is $-0.79. Based on the distribution chart, NHK Spring Co ranks #999999 out of 384 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, NHK Spring Co has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NHK Spring Co's Net-Net Working Capital compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, NHK Spring Co ranks #999999 out of 384 companies for Net-Net Working Capital. This places NHK Spring Co in the lower half of its industry. The industry median Net-Net Working Capital is 7.53. 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 7.53, based on 384 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 NHK Spring Co For the Vehicles & Parts industry, the median Net-Net Working Capital is 7.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NHK Spring Co's current Net-Net Working Capital is $-0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NHK Spring Co stock overvalued right now?
Based on GuruFocus' analysis, NHK Spring Co (NHKGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.33, compared to a current price of $24.51 — trading 116.3% above its estimated fair value. The current Net-Net Working Capital is $-0.79. NHK Spring Co's overall GF Score™ is 72/100 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 NHK Spring Co (NHKGF), the current Net-Net Working Capital is $-0.79 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 NHK Spring Co (NHKGF) Overvalued in 2026?
Based on GuruFocus' analysis, NHK Spring Co stock appears to be overvalued.
The current stock price of $24.51 is trading 116.3% above its estimated GF Value™ of $11.33.
GuruFocus considers NHK Spring Co to be Significantly Overvalued.
Key valuation signals for NHKGF:
Net-Net Working Capital: $-0.79
GF Value™: $11.33 vs. price of $24.51 (116.3% above fair value)
No single metric tells the full story. See the NHKGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NHK Spring Co Ltd is a Japanese manufacturer of suspension springs for automobiles and precision springs used in hard disk drive components. The company operates through five segments. The Disc drive suspension (DDS) segment covers disc drive suspension products. The Industrial Equipment segment includes semiconductor process parts, ceramic products, spring mechanisms, piping support devices, parking devices, and other equipment. The Precision Parts segment handles HDD components, wire, and thin plate springs, motor cores, probe units, fasteners, and other precision products. The Sheet segment provides automobile seats, seat mechanisms, and interior parts, while the Suspension Spring segment offers coil springs, leaf springs, stabilizers, accumulators, torsion bars, and related components.
72GF Score
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