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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.
Tatung System Technologies's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$1.99.
The industry rank for Tatung System Technologies's Net-Net Working Capital or its related term are showing as below:
ROCO:8099's Price-to-Net-Net-Working-Capital is ranked worse than 85.09% of 1227
companies
in the Software industry
Industry Median: 6.94
vs ROCO:8099: 29.80
Tatung System Technologies (ROCO:8099) 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.
Tatung System Technologies Net-Net Working Capital Related Terms
Tatung System Technologies 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.
Tatung System Technologies Net-Net Working Capital Chart
ROCO:8099 vs IBM, ACN, CTSH: Net-Net Working Capital Comparison
For the Information Technology Services subindustry, Tatung System Technologies'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.
Tatung System Technologies Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Tatung System Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Tatung System Technologies'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$1.99 mean?
Tatung System Technologies (ROCO:8099) has a Net-Net Working Capital of NT$1.99 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 Tatung System Technologies According to the industry distribution chart, Tatung System Technologies ranks #1044 out of 1227 companies in the Software industry, placing it in the top 85.1%.
Is Tatung System Technologies' Net-Net Working Capital too high?
Tatung System Technologies' current Net-Net Working Capital is NT$1.99. Based on the distribution chart, Tatung System Technologies ranks #1044 out of 1227 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Tatung System Technologies has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tatung System Technologies' Net-Net Working Capital compare to IBM and ACN?
According to the Software industry distribution chart, Tatung System Technologies ranks #1044 out of 1227 companies for Net-Net Working Capital. This places Tatung System Technologies in the lower half of its industry. The industry median Net-Net Working Capital is 6.94. 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 Software company?
The median Net-Net Working Capital among Software companies is 6.94, based on 1,227 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 Tatung System Technologies For the Software industry, the median Net-Net Working Capital is 6.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tatung System Technologies's current Net-Net Working Capital is NT$1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tatung System Technologies stock overvalued right now?
Based on GuruFocus' analysis, Tatung System Technologies (ROCO:8099) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$89.64, compared to a current price of NT$59.30 — trading 33.8% below its estimated fair value. The current Net-Net Working Capital is NT$1.99. Tatung System Technologies' overall GF Score™ is 79/100. 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 Tatung System Technologies (ROCO:8099), the current Net-Net Working Capital is NT$1.99 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 Tatung System Technologies (ROCO:8099) Overvalued in 2026?
Based on GuruFocus' analysis, Tatung System Technologies stock appears to be undervalued.
The current stock price of NT$59.30 is trading 33.8% below its estimated GF Value™ of NT$89.64.
GuruFocus considers Tatung System Technologies to be Significantly Undervalued.
Key valuation signals for ROCO:8099:
Net-Net Working Capital: NT$1.99
GF Value™: NT$89.64 vs. price of NT$59.30 (33.8% below fair value)
No single metric tells the full story. See the ROCO:8099 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tatung System Technologies Inc is engaged in software and hardware sales related to computer, communications and cybersecurity; custom made system integration consulting and services; providing value-added industrial application solutions. Its solutions cover OneAi Solution, Cyber Security Zero Trust Architecture, Modern Data Center, Modern Work, and UC Collaboration. The company generates revenue from the distribution and maintenance of computers and peripherals, research, design, development, and sale of computer software/hardware, and informatization and digital transformation services.
79GF Score
Get the complete analysis for ROCO:8099
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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