Norbel Baby Co (ROCO:6844) Net-Net Working Capital: NT$6.06 (As of Jun. 2026)

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ROCO:6844 Norbel Baby Co Ltd ROCO:6844
69 GF Score
Price NT$59.90
GF Value NT$132.17
Valuation Possible Value Trap
! 6 Warning Signs
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What is Norbel Baby Co Net-Net Working Capital?

Norbel Baby Co ROCO:6844 69 Net-Net Working Capital is NT$6.06 as of Jun. 2026. GuruFocus rates ROCO:6844 with a GF Score™ of 69/100 and a GF Value™ of NT$132.17 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 325 Retail - Cyclical companies, Norbel Baby Co ranks worse than 62.46% 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.

Norbel Baby Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$6.06.

The industry rank for Norbel Baby Co's Net-Net Working Capital or its related term are showing as below:

ROCO:6844's Price-to-Net-Net-Working-Capital is ranked worse than
62.46% of 325 companies
in the Retail - Cyclical industry
Industry Median: 6.45 vs ROCO:6844: 9.88

Norbel Baby Co  (ROCO:6844) 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.


Norbel Baby Co Net-Net Working Capital Related Terms


Norbel Baby Co Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Norbel Baby 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.

Norbel Baby Co Net-Net Working Capital Chart

Norbel Baby Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial -5.16 -3.16 16.17 19.88 11.17

Norbel Baby Co Quarterly Data
Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.69 10.39 11.17 9.32 6.06

ROCO:6844 vs CASY, WSM, ULTA: Net-Net Working Capital Comparison

For the Specialty Retail subindustry, Norbel Baby 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.


Norbel Baby Co Price-to-Net-Net-Working-Capital vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Norbel Baby Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Norbel Baby Co's Price-to-Net-Net-Working-Capital falls into.


ROCO:6844
69GF Score
Norbel Baby Co Ltd ROCO:6844
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Norbel Baby Co Net-Net Working Capital Calculation

Norbel Baby Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1709.759+0.75 * 24.581+0.5 * 834.202-1727.168
-0-0)/37.428
=11.17

Norbel Baby Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2026 is calculated as

Net-Net Working Capital(Q: Jun. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1741.701+0.75 * 26.12+0.5 * 824.347-1946.516
-0-0)/37.428
=6.06

* 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?
Norbel Baby Co (ROCO:6844) 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 Norbel Baby Co According to the industry distribution chart, Norbel Baby Co ranks #203 out of 325 companies in the Retail - Cyclical industry, placing it in the top 62.5%.
Is Norbel Baby Co's Net-Net Working Capital too high?
Norbel Baby Co's current Net-Net Working Capital is NT$6.06. Based on the distribution chart, Norbel Baby Co ranks #203 out of 325 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Norbel Baby Co has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Norbel Baby Co's Net-Net Working Capital compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Norbel Baby Co ranks #203 out of 325 companies for Net-Net Working Capital. This places Norbel Baby Co in the lower half of its industry. The industry median Net-Net Working Capital is 6.45. 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 Retail - Cyclical company?
The median Net-Net Working Capital among Retail - Cyclical companies is 6.45, based on 325 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 Norbel Baby Co For the Retail - Cyclical industry, the median Net-Net Working Capital is 6.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norbel Baby 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 Norbel Baby Co stock overvalued right now?
Based on GuruFocus' analysis, Norbel Baby Co (ROCO:6844) is currently considered Possible Value Trap. The stock's GF Value™ is NT$132.17, compared to a current price of NT$59.90 — trading 54.7% below its estimated fair value. The current Net-Net Working Capital is NT$6.06. Norbel Baby Co's overall GF Score™ is 69/100 with 6 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 Norbel Baby Co (ROCO:6844), 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 Norbel Baby Co (ROCO:6844) Overvalued in 2026?

Based on GuruFocus' analysis, Norbel Baby Co stock appears to be undervalued. The current stock price of NT$59.90 is trading 54.7% below its estimated GF Value™ of NT$132.17. GuruFocus considers Norbel Baby Co to be Possible Value Trap.

Key valuation signals for ROCO:6844:

  • Net-Net Working Capital: NT$6.06
  • GF Value™: NT$132.17 vs. price of NT$59.90 (54.7% below fair value)
  • GF Score™: 69/100 with 6 warning signs

No single metric tells the full story. See the ROCO:6844 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Norbel Baby Co Business Description

Address 807 No. 87, Dachang 2nd Road, Sanmin District, Kaohsiung, TWN
Norbel Baby Co Ltd mainly engages in the retail and wholesale of maternity and baby care products, medical supplies, dietary supplements, and cosmetics. The company provides pharmacy services needed to care for the health and growth of infants and young children.
69GF Score

Get the complete analysis for ROCO:6844

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$59.90
Price
NT$132.17
GF Value