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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.
The industry rank for Jiangsu Shemar Electric Co's Net-Net Working Capital or its related term are showing as below:
SHSE:603530's Price-to-Net-Net-Working-Capital is ranked worse than 94.51% of 1312
companies
in the Industrial Products industry
Industry Median: 8.18
vs SHSE:603530: 102.27
Jiangsu Shemar Electric Co (SHSE:603530) 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.
Jiangsu Shemar Electric Co Net-Net Working Capital Related Terms
Jiangsu Shemar Electric 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.
Jiangsu Shemar Electric Co Net-Net Working Capital Chart
SHSE:603530 vs VRT, BE: Net-Net Working Capital Comparison
For the Electrical Equipment & Parts subindustry, Jiangsu Shemar Electric 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.
Jiangsu Shemar Electric Co Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Jiangsu Shemar Electric Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Jiangsu Shemar Electric 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 ¥0.55 mean?
Jiangsu Shemar Electric Co (SHSE:603530) has a Net-Net Working Capital of ¥0.55 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 Jiangsu Shemar Electric Co According to the industry distribution chart, Jiangsu Shemar Electric Co ranks #1240 out of 1312 companies in the Industrial Products industry, placing it in the top 94.5%.
Is Jiangsu Shemar Electric Co's Net-Net Working Capital too high?
Jiangsu Shemar Electric Co's current Net-Net Working Capital is ¥0.55. Based on the distribution chart, Jiangsu Shemar Electric Co ranks #1240 out of 1312 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Jiangsu Shemar Electric Co has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Shemar Electric Co's Net-Net Working Capital compare to VRT and BE?
According to the Industrial Products industry distribution chart, Jiangsu Shemar Electric Co ranks #1240 out of 1312 companies for Net-Net Working Capital. This places Jiangsu Shemar Electric Co in the lower half of its industry. The industry median Net-Net Working Capital is 8.18. 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 an Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 8.18, based on 1,312 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 Jiangsu Shemar Electric Co For the Industrial Products industry, the median Net-Net Working Capital is 8.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu Shemar Electric Co's current Net-Net Working Capital is ¥0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Shemar Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu Shemar Electric Co (SHSE:603530) is currently considered Fairly Valued. The stock's GF Value™ is ¥46.69, compared to a current price of ¥45.00 — trading 3.6% below its estimated fair value. The current Net-Net Working Capital is ¥0.55. Jiangsu Shemar Electric Co's overall GF Score™ is 95/100 with 1 warning sign 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 Jiangsu Shemar Electric Co (SHSE:603530), the current Net-Net Working Capital is ¥0.55 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 Jiangsu Shemar Electric Co (SHSE:603530) Overvalued in 2026?
Based on GuruFocus' analysis, Jiangsu Shemar Electric Co stock appears to be undervalued.
The current stock price of ¥45.00 is trading 3.6% below its estimated GF Value™ of ¥46.69.
GuruFocus considers Jiangsu Shemar Electric Co to be Fairly Valued.
Key valuation signals for SHSE:603530:
Net-Net Working Capital: ¥0.55
GF Value™: ¥46.69 vs. price of ¥45.00 (3.6% below fair value)
No single metric tells the full story. See the SHSE:603530 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jiangsu Shemar Electric Co Ltd is engaged in the Research, development, production and sales of products such as composite external insulation for power system substations, composite external insulation for power transmission and distribution lines and rubber seals.
95GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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