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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.
Septeni Holdings Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $0.23.
The industry rank for Septeni Holdings Co's Net-Net Working Capital or its related term are showing as below:
SPIDY's Price-to-Net-Net-Working-Capital is ranked worse than 81.2% of 383
companies
in the Media - Diversified industry
Industry Median: 4.47
vs SPIDY: 13.31
Septeni Holdings Co (OTCPK:SPIDY) 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.
Septeni Holdings Co Net-Net Working Capital Related Terms
Septeni Holdings Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Septeni Holdings Co'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.
SPIDY vs APP, OMC, TTD: Net-Net Working Capital Comparison
For the Advertising Agencies subindustry, Septeni Holdings 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.
Septeni Holdings Co Price-to-Net-Net-Working-Capital vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Septeni Holdings Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Septeni Holdings 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 $0.23 mean?
Septeni Holdings Co (SPIDY) has a Net-Net Working Capital of $0.23 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 Septeni Holdings Co According to the industry distribution chart, Septeni Holdings Co ranks #311 out of 383 companies in the Media - Diversified industry, placing it in the top 81.2%.
Is Septeni Holdings Co's Net-Net Working Capital too high?
Septeni Holdings Co's current Net-Net Working Capital is $0.23. The Media - Diversified industry median Net-Net Working Capital is 4.47. Septeni Holdings Co's value of $0.23 is 94.9% below this industry median. Based on the distribution chart, Septeni Holdings Co ranks #311 out of 383 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Septeni Holdings Co has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Septeni Holdings Co's Net-Net Working Capital compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Septeni Holdings Co ranks #311 out of 383 companies for Net-Net Working Capital. This places Septeni Holdings Co in the lower half of its industry. The industry median Net-Net Working Capital is 4.47. Septeni Holdings Co's value of $0.23 is 94.9% 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 Media - Diversified company?
The median Net-Net Working Capital among Media - Diversified companies is 4.47, based on 383 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. Septeni Holdings Co's current Net-Net Working Capital of $0.23 is 94.9% 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 Septeni Holdings Co For the Media - Diversified industry, the median Net-Net Working Capital is 4.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Septeni Holdings Co's current Net-Net Working Capital is $0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Septeni Holdings Co stock overvalued right now?
Septeni Holdings Co (SPIDY) has a current Net-Net Working Capital of $0.23. The stock's GF Value™ is $2.02, compared to a current price of $2.13 — trading 5.4% above its estimated fair value. The current Net-Net Working Capital is $0.23 and 94.9% below the Media - Diversified industry median of 4.47. Septeni Holdings Co's overall GF Score™ is 87/100 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 Septeni Holdings Co (SPIDY), the current Net-Net Working Capital is $0.23 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.
Is Septeni Holdings Co (SPIDY) Overvalued in 2026?
Based on GuruFocus' analysis, Septeni Holdings Co stock appears to be overvalued.
The current stock price of $2.13 is trading 5.4% above its estimated GF Value™ of $2.02.
Key valuation signals for SPIDY:
Net-Net Working Capital: $0.23
GF Value™: $2.02 vs. price of $2.13 (5.4% above fair value)
Industry Position: 94.9% below the Media - Diversified median (#311 of 383)
No single metric tells the full story. See the SPIDY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Septeni Holdings Co Ltd is a Japan-based digital marketing company specializing in internet advertising and marketing support services. The company operates through four segments: Marketing Communications, Direct Business, Data Solutions, and Other Businesses. Its core Marketing Communications segment provides integrated digital advertising and marketing solutions that support clients digital transformation (DX) efforts. The Direct Business segment combines offline and digital channels to deliver customer acquisition, direct marketing, and CRM services for B2C and B2B clients. Geographically, the company operates in the United Kingdom, South Korea, and the United States through its subsidiaries.
87GF Score
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