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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.
Highpoint Service Network's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$4.97.
The industry rank for Highpoint Service Network's Net-Net Working Capital or its related term are showing as below:
ROCO:6884's Price-to-Net-Net-Working-Capital is ranked better than 60.48% of 1159
companies
in the Hardware industry
Industry Median: 8.78
vs ROCO:6884: 6.51
Highpoint Service Network (ROCO:6884) 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.
Highpoint Service Network Net-Net Working Capital Related Terms
Highpoint Service Network Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Highpoint Service Network'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.
Highpoint Service Network Net-Net Working Capital Chart
ROCO:6884 vs DELL, ANET, SNDK: Net-Net Working Capital Comparison
For the Computer Hardware subindustry, Highpoint Service Network'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.
Highpoint Service Network Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Highpoint Service Network's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Highpoint Service Network'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$4.97 mean?
Highpoint Service Network (ROCO:6884) has a Net-Net Working Capital of NT$4.97 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 Highpoint Service Network According to the industry distribution chart, Highpoint Service Network ranks #458 out of 1159 companies in the Hardware industry, placing it in the top 39.5%.
Is Highpoint Service Network's Net-Net Working Capital too high?
Highpoint Service Network's current Net-Net Working Capital is NT$4.97. Based on the distribution chart, Highpoint Service Network ranks #458 out of 1159 companies in the Hardware industry, which is above the industry midpoint. Overall, Highpoint Service Network has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Highpoint Service Network's Net-Net Working Capital compare to DELL and ANET?
According to the Hardware industry distribution chart, Highpoint Service Network ranks #458 out of 1159 companies for Net-Net Working Capital. This puts Highpoint Service Network in the upper half of its industry. The industry median Net-Net Working Capital is 8.78. 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 8.78, based on 1,159 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 Highpoint Service Network For the Hardware industry, the median Net-Net Working Capital is 8.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highpoint Service Network's current Net-Net Working Capital is NT$4.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highpoint Service Network stock overvalued right now?
Based on GuruFocus' analysis, Highpoint Service Network (ROCO:6884) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$54.40, compared to a current price of NT$32.35 — trading 40.5% below its estimated fair value. The current Net-Net Working Capital is NT$4.97. Highpoint Service Network's overall GF Score™ is 65/100 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 Highpoint Service Network (ROCO:6884), the current Net-Net Working Capital is NT$4.97 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 Highpoint Service Network (ROCO:6884) Overvalued in 2026?
Based on GuruFocus' analysis, Highpoint Service Network stock appears to be undervalued.
The current stock price of NT$32.35 is trading 40.5% below its estimated GF Value™ of NT$54.40.
GuruFocus considers Highpoint Service Network to be Significantly Undervalued.
Key valuation signals for ROCO:6884:
Net-Net Working Capital: NT$4.97
GF Value™: NT$54.40 vs. price of NT$32.35 (40.5% below fair value)
No single metric tells the full story. See the ROCO:6884 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Highpoint Service Network Corp is the after-sales service of information technology (IT) products and the sale of value-added services. The Group operates in only one reportable segment. This segment is mainly involved in providing after-sales service of IT products. Geographically, it operates in Malaysia, Taiwan, the Philippines, Thailand, Indonesia, and Vietnam, with the majority of the revenue deriving from Malaysia.
65GF Score
Get the complete analysis for ROCO:6884
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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