Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
The industry rank for Guizhou Redstar Developing Co's Net-Net Working Capital or its related term are showing as below:
SHSE:600367's Price-to-Net-Net-Working-Capital is ranked worse than 84.83% of 580
companies
in the Chemicals industry
Industry Median: 8.5
vs SHSE:600367: 29.67
Guizhou Redstar Developing Co (SHSE:600367) 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.
Guizhou Redstar Developing Co Net-Net Working Capital Related Terms
Guizhou Redstar Developing 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.
Guizhou Redstar Developing Co Net-Net Working Capital Chart
SHSE:600367 vs DOW: Net-Net Working Capital Comparison
For the Chemicals subindustry, Guizhou Redstar Developing 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.
Guizhou Redstar Developing Co Price-to-Net-Net-Working-Capital vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Guizhou Redstar Developing Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Guizhou Redstar Developing 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 ¥1.29 mean?
Guizhou Redstar Developing Co (SHSE:600367) has a Net-Net Working Capital of ¥1.29 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 Guizhou Redstar Developing Co According to the industry distribution chart, Guizhou Redstar Developing Co ranks #492 out of 580 companies in the Chemicals industry, placing it in the top 84.8%.
Is Guizhou Redstar Developing Co's Net-Net Working Capital too high?
Guizhou Redstar Developing Co's current Net-Net Working Capital is ¥1.29. Based on the distribution chart, Guizhou Redstar Developing Co ranks #492 out of 580 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Guizhou Redstar Developing Co has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Guizhou Redstar Developing Co's Net-Net Working Capital compare to DOW?
According to the Chemicals industry distribution chart, Guizhou Redstar Developing Co ranks #492 out of 580 companies for Net-Net Working Capital. This places Guizhou Redstar Developing Co in the lower half of its industry. The industry median Net-Net Working Capital is 8.50. 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 Chemicals company?
The median Net-Net Working Capital among Chemicals companies is 8.50, based on 580 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 Guizhou Redstar Developing Co For the Chemicals industry, the median Net-Net Working Capital is 8.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guizhou Redstar Developing Co's current Net-Net Working Capital is ¥1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guizhou Redstar Developing Co stock overvalued right now?
Based on GuruFocus' analysis, Guizhou Redstar Developing Co (SHSE:600367) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥12.07, compared to a current price of ¥38.27 — trading 217.1% above its estimated fair value. The current Net-Net Working Capital is ¥1.29. Guizhou Redstar Developing Co's overall GF Score™ is 54/100 with 2 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 Guizhou Redstar Developing Co (SHSE:600367), the current Net-Net Working Capital is ¥1.29 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 Guizhou Redstar Developing Co (SHSE:600367) Overvalued in 2026?
Based on GuruFocus' analysis, Guizhou Redstar Developing Co stock appears to be overvalued.
The current stock price of ¥38.27 is trading 217.1% above its estimated GF Value™ of ¥12.07.
GuruFocus considers Guizhou Redstar Developing Co to be Significantly Overvalued.
Key valuation signals for SHSE:600367:
Net-Net Working Capital: ¥1.29
GF Value™: ¥12.07 vs. price of ¥38.27 (217.1% above fair value)
No single metric tells the full story. See the SHSE:600367 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guizhou Redstar Developing Co Ltd is engaged in the production of barium carbonate, electrolytic manganese dioxide, insoluble sulfur, thiourea, sulfur, barium sulfate, barium nitrate, barium chloride, and marigold. The products are used in the electronic information industry, chemical industry, light industry, metallurgy and ceramics industry.
54GF Score
Get the complete analysis for SHSE:600367
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:600367 has been successfully added to your 
