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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.
Viking Tech's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$12.55.
The industry rank for Viking Tech's Net-Net Working Capital or its related term are showing as below:
ROCO:3624's Price-to-Net-Net-Working-Capital is ranked worse than 53.45% of 1158
companies
in the Hardware industry
Industry Median: 9.21
vs ROCO:3624: 10.20
Viking Tech (ROCO:3624) 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.
Viking Tech Net-Net Working Capital Related Terms
Viking Tech Net-Net Working Capital Historical Data
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The historical data trend for Viking Tech'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.
ROCO:3624 vs APH, GLW, TEL: Net-Net Working Capital Comparison
For the Electronic Components subindustry, Viking Tech'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.
Viking Tech Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Viking Tech's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Viking Tech'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 NT$12.55 mean?
Viking Tech (ROCO:3624) has a Net-Net Working Capital of NT$12.55 as of Jun. 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 Viking Tech According to the industry distribution chart, Viking Tech ranks #619 out of 1158 companies in the Hardware industry, placing it in the top 53.5%.
Is Viking Tech's Net-Net Working Capital too high?
Viking Tech's current Net-Net Working Capital is NT$12.55. Based on the distribution chart, Viking Tech ranks #619 out of 1158 companies in the Hardware industry, which is below the industry midpoint. Overall, Viking Tech has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Viking Tech's Net-Net Working Capital compare to APH and GLW?
According to the Hardware industry distribution chart, Viking Tech ranks #619 out of 1158 companies for Net-Net Working Capital. This places Viking Tech in the lower half of its industry. The industry median Net-Net Working Capital is 9.21. 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 Hardware company?
The median Net-Net Working Capital among Hardware companies is 9.21, based on 1,158 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 Viking Tech For the Hardware industry, the median Net-Net Working Capital is 9.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viking Tech's current Net-Net Working Capital is NT$12.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viking Tech stock overvalued right now?
Based on GuruFocus' analysis, Viking Tech (ROCO:3624) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$57.70, compared to a current price of NT$126.00 — trading 118.4% above its estimated fair value. The current Net-Net Working Capital is NT$12.55. Viking Tech's overall GF Score™ is 61/100 with 3 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 Viking Tech (ROCO:3624), the current Net-Net Working Capital is NT$12.55 as of Jun. 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 Viking Tech (ROCO:3624) Overvalued in 2026?
Based on GuruFocus' analysis, Viking Tech stock appears to be overvalued.
The current stock price of NT$126.00 is trading 118.4% above its estimated GF Value™ of NT$57.70.
GuruFocus considers Viking Tech to be Significantly Overvalued.
Key valuation signals for ROCO:3624:
Net-Net Working Capital: NT$12.55
GF Value™: NT$57.70 vs. price of NT$126.00 (118.4% above fair value)
No single metric tells the full story. See the ROCO:3624 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Viking Tech Corp is a Taiwan based electronic components manufacturing company. It is engaged in research, development, manufacturing, and sale of thick and thin film passive components. The company's product categories include resistors, inductors, and capacitors. Some of these include Automotive Grade Resistor, Thin Film Resistor, Metal Low Ohm Resistor, Leaded Resistor, RF Ceramic Inductor, Miniature Power Inductor, and Shielding Power Inductor among others. Geographically, the company generates maximum revenue from China, and the rest from Taiwan, Hong Kong, America, Germany, Korea, and other regions.
61GF Score
Get the complete analysis for ROCO:3624
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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