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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.
FeedBack Tech's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$17.37.
The industry rank for FeedBack Tech's Net-Net Working Capital or its related term are showing as below:
ROCO:8091's Price-to-Net-Net-Working-Capital is ranked worse than 55.02% of 538
companies
in the Semiconductors industry
Industry Median: 10.98
vs ROCO:8091: 12.35
FeedBack Tech (ROCO:8091) 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.
FeedBack Tech Net-Net Working Capital Related Terms
FeedBack Tech Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for FeedBack 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:8091 vs NVDA, AVGO, MU: Net-Net Working Capital Comparison
For the Semiconductors subindustry, FeedBack 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.
FeedBack Tech Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, FeedBack Tech's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where FeedBack 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$17.37 mean?
FeedBack Tech (ROCO:8091) has a Net-Net Working Capital of NT$17.37 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 FeedBack Tech According to the industry distribution chart, FeedBack Tech ranks #296 out of 538 companies in the Semiconductors industry, placing it in the top 55%.
Is FeedBack Tech's Net-Net Working Capital too high?
FeedBack Tech's current Net-Net Working Capital is NT$17.37. Based on the distribution chart, FeedBack Tech ranks #296 out of 538 companies in the Semiconductors industry, which is below the industry midpoint. Overall, FeedBack Tech has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FeedBack Tech's Net-Net Working Capital compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, FeedBack Tech ranks #296 out of 538 companies for Net-Net Working Capital. This places FeedBack Tech in the lower half of its industry. The industry median Net-Net Working Capital is 10.98. 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 Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 10.98, based on 538 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 FeedBack Tech For the Semiconductors industry, the median Net-Net Working Capital is 10.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FeedBack Tech's current Net-Net Working Capital is NT$17.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FeedBack Tech stock overvalued right now?
Based on GuruFocus' analysis, FeedBack Tech (ROCO:8091) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$159.59, compared to a current price of NT$214.50 — trading 34.4% above its estimated fair value. The current Net-Net Working Capital is NT$17.37. FeedBack Tech's overall GF Score™ is 72/100 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 FeedBack Tech (ROCO:8091), the current Net-Net Working Capital is NT$17.37 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 FeedBack Tech (ROCO:8091) Overvalued in 2026?
Based on GuruFocus' analysis, FeedBack Tech stock appears to be overvalued.
The current stock price of NT$214.50 is trading 34.4% above its estimated GF Value™ of NT$159.59.
GuruFocus considers FeedBack Tech to be Significantly Overvalued.
Key valuation signals for ROCO:8091:
Net-Net Working Capital: NT$17.37
GF Value™: NT$159.59 vs. price of NT$214.50 (34.4% above fair value)
No single metric tells the full story. See the ROCO:8091 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FeedBack Tech Corp is a Taiwan-based company engaged in the manufacture of semiconductor key components. The company offers ion implanters, vacuum equipment, byproduct solutions, and metal-organic vapor phase epitaxies. It also engaged in the trading of electronic machinery and parts. Its products include turbo pumps, welded bellows, source bushing, and gauge controllers.
72GF Score
Get the complete analysis for ROCO:8091
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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