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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.
ROCO:4556's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 7.965 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Bright Sheland International Co (ROCO:4556) 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.
Bright Sheland International Co Net-Net Working Capital Related Terms
Bright Sheland International Co Net-Net Working Capital Historical Data
* 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.
Bright Sheland International Co Net-Net Working Capital Chart
ROCO:4556 vs VLTO, ZWS, CECO: Net-Net Working Capital Comparison
For the Pollution & Treatment Controls subindustry, Bright Sheland International 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.
Bright Sheland International Co Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Bright Sheland International Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Bright Sheland International 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 NT$-6.06 mean?
Bright Sheland International Co (ROCO:4556) has a Net-Net Working Capital of NT$-6.06 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 Bright Sheland International Co According to the industry distribution chart, Bright Sheland International Co ranks #999999 out of 1312 companies in the Industrial Products industry.
Is Bright Sheland International Co's Net-Net Working Capital too high?
Bright Sheland International Co's current Net-Net Working Capital is NT$-6.06. Based on the distribution chart, Bright Sheland International Co ranks #999999 out of 1312 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Bright Sheland International Co has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bright Sheland International Co's Net-Net Working Capital compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Bright Sheland International Co ranks #999999 out of 1312 companies for Net-Net Working Capital. This places Bright Sheland International Co in the lower half of its industry. The industry median Net-Net Working Capital is 7.97. 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 an Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 7.97, based on 1,312 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 Bright Sheland International Co For the Industrial Products industry, the median Net-Net Working Capital is 7.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bright Sheland International Co's current Net-Net Working Capital is NT$-6.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bright Sheland International Co stock overvalued right now?
Based on GuruFocus' analysis, Bright Sheland International Co (ROCO:4556) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$35.37, compared to a current price of NT$94.60 — trading 167.5% above its estimated fair value. The current Net-Net Working Capital is NT$-6.06. Bright Sheland International Co's overall GF Score™ is 58/100 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 Bright Sheland International Co (ROCO:4556), the current Net-Net Working Capital is NT$-6.06 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 Bright Sheland International Co (ROCO:4556) Overvalued in 2026?
Based on GuruFocus' analysis, Bright Sheland International Co stock appears to be overvalued.
The current stock price of NT$94.60 is trading 167.5% above its estimated GF Value™ of NT$35.37.
GuruFocus considers Bright Sheland International Co to be Significantly Overvalued.
Key valuation signals for ROCO:4556:
Net-Net Working Capital: NT$-6.06
GF Value™: NT$35.37 vs. price of NT$94.60 (167.5% above fair value)
No single metric tells the full story. See the ROCO:4556 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bright Sheland International Co Ltd is a Taiwan-based company focused on industrial filtration and separation systems. The products of the company include Cartridges and Housing, Melt Blown Cartridges, Winding Cartridges, Activated Carbon Filter Cartridges, and Glass Fiber Filter Cartridges among others.
58GF Score
Get the complete analysis for ROCO:4556
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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