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SMJ International HoldingsSMJF -0.91%18 Net-Net Working Capital is $0.12 as of Mar. 2026. GuruFocus rates SMJF with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 373 Manufacturing - Apparel & Accessories companies, SMJ International Holdings ranks worse than 62.73% on this metric.
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 SMJ International Holdings's Net-Net Working Capital or its related term are showing as below:
SMJF's Price-to-Net-Net-Working-Capital is ranked worse than 62.73% of 373
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.7
vs SMJF: 9.08
SMJ International Holdings (AMEX:SMJF) 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.
SMJ International Holdings Net-Net Working Capital Related Terms
SMJ International Holdings 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.
SMJ International Holdings Net-Net Working Capital Chart
SMJ International Holdings Annual Data
Trend
Mar24
Mar25
Mar26
Net-Net Working Capital
0.01
-0.20
0.12
SMJ International Holdings Semi-Annual Data
Mar24
Sep24
Mar25
Sep25
Mar26
Net-Net Working Capital
0.01
0.00
-0.20
-0.17
0.12
SMJF vs CULP, PASW, DXYN: Net-Net Working Capital Comparison
For the Textile Manufacturing subindustry, SMJ International Holdings'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.
SMJ International Holdings Price-to-Net-Net-Working-Capital vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, SMJ International Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where SMJ International Holdings'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 $0.12 mean?
SMJ International Holdings (SMJF) has a Net-Net Working Capital of $0.12 as of Mar. 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 SMJ International Holdings According to the industry distribution chart, SMJ International Holdings ranks #234 out of 373 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 62.7%.
Is SMJ International Holdings' Net-Net Working Capital too high?
SMJ International Holdings' current Net-Net Working Capital is $0.12. The Manufacturing - Apparel & Accessories industry median Net-Net Working Capital is 5.70. SMJ International Holdings' value of $0.12 is 97.9% below this industry median. Based on the distribution chart, SMJ International Holdings ranks #234 out of 373 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, SMJ International Holdings has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does SMJ International Holdings' Net-Net Working Capital compare to CULP and PASW?
According to the Manufacturing - Apparel & Accessories industry distribution chart, SMJ International Holdings ranks #234 out of 373 companies for Net-Net Working Capital. This places SMJ International Holdings in the lower half of its industry. The industry median Net-Net Working Capital is 5.70. SMJ International Holdings' value of $0.12 is 97.9% below this benchmark. 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 Manufacturing - Apparel & Accessories company?
The median Net-Net Working Capital among Manufacturing - Apparel & Accessories companies is 5.70, based on 373 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. SMJ International Holdings's current Net-Net Working Capital of $0.12 is 97.9% below the industry median. 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 SMJ International Holdings For the Manufacturing - Apparel & Accessories industry, the median Net-Net Working Capital is 5.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SMJ International Holdings's current Net-Net Working Capital is $0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMJ International Holdings stock overvalued right now?
SMJ International Holdings (SMJF) has a current Net-Net Working Capital of $0.12. The current Net-Net Working Capital is $0.12 and 97.9% below the Manufacturing - Apparel & Accessories industry median of 5.70. SMJ International Holdings' overall GF Score™ is 18/100 with 4 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 SMJ International Holdings (SMJF), the current Net-Net Working Capital is $0.12 as of Mar. 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.
SMJ International Holdings Inc specializes in the sale and distribution of a wide range of flooring products such as carpet tiles, broadloom carpets and vinyl tiles. The company operates under the proprietary brand 'SMJ'.The company also supplies environmentally friendly flooring products, promoting sustainable building practices in Asia. It has presence in several countries including Malaysia, Indonesia, Philippines, Hong Kong, PRC, Taiwan, Korea, Thailand, Vietnam, Brunei, and India. It generates revenue mainly through the sale and distribution of its flooring products prominently in Singapore.
18GF Score
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