Tadano (STU:TN0) Net-Net Working Capital: €-1.38 (As of Jun. 2026)

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STU:TN0 Tadano Ltd STU:TN0
80 GF Score
Price €6.20
GF Value €6.85
! 4 Warning Signs
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What is Tadano Net-Net Working Capital?

Tadano STU:TN0 80 Net-Net Working Capital is €-1.38 as of Jun. 2026. GuruFocus rates STU:TN0 with a GF Score™ of 80/100 and a GF Value™ of €6.85. The stock has 4 warning signs investors should review. Among 74 Farm & Heavy Construction Machinery companies, Tadano ranks worse than 1351350% 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.

Tadano's Net-Net Working Capital for the quarter that ended in Jun. 2026 was €-1.38.

The industry rank for Tadano's Net-Net Working Capital or its related term are showing as below:

STU:TN0's Price-to-Net-Net-Working-Capital is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 7.335
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Tadano  (STU:TN0) 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.


Tadano Net-Net Working Capital Related Terms


Tadano Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Tadano'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.

Tadano Net-Net Working Capital Chart

Tadano Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.08 0.02 0.44 -0.72 -1.65

Tadano Quarterly Data
Dec20 Mar21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.43 -2.02 -1.65 -1.71 -1.38

STU:TN0 vs CAT, DE, PCAR: Net-Net Working Capital Comparison

For the Farm & Heavy Construction Machinery subindustry, Tadano'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.


Tadano Price-to-Net-Net-Working-Capital vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tadano's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Tadano's Price-to-Net-Net-Working-Capital falls into.


STU:TN0
80GF Score
Tadano Ltd STU:TN0
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tadano Net-Net Working Capital Calculation

Tadano's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(444.57803852201+0.75 * 389.49603526436+0.5 * 851.29942214239-1372.0525032366
-0-0.46173276892514)/127.396155
=-1.65

Tadano's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2026 is calculated as

Net-Net Working Capital(Q: Jun. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(387.97225727392+0.75 * 315.55607919513+0.5 * 925.03379675032-1260.8842730572
-0-0.66733101083306)/126.695686
=-1.38

* 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 €-1.38 mean?
Tadano (STU:TN0) has a Net-Net Working Capital of €-1.38 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 Tadano According to the industry distribution chart, Tadano ranks #999999 out of 74 companies in the Farm & Heavy Construction Machinery industry.
Is Tadano's Net-Net Working Capital too high?
Tadano's current Net-Net Working Capital is €-1.38. Based on the distribution chart, Tadano ranks #999999 out of 74 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Tadano has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Tadano's Net-Net Working Capital compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Tadano ranks #999999 out of 74 companies for Net-Net Working Capital. This places Tadano in the lower half of its industry. The industry median Net-Net Working Capital is 7.34. 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 Farm & Heavy Construction Machinery company?
The median Net-Net Working Capital among Farm & Heavy Construction Machinery companies is 7.34, based on 74 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 Tadano For the Farm & Heavy Construction Machinery industry, the median Net-Net Working Capital is 7.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tadano's current Net-Net Working Capital is €-1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tadano stock overvalued right now?
Tadano (STU:TN0) has a current Net-Net Working Capital of €-1.38. The stock's GF Value™ is €6.85, compared to a current price of €6.20 — trading 9.5% below its estimated fair value. The current Net-Net Working Capital is €-1.38. Tadano's overall GF Score™ is 80/100 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 Tadano (STU:TN0), the current Net-Net Working Capital is €-1.38 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 Tadano (STU:TN0) Overvalued in 2026?

Based on GuruFocus' analysis, Tadano stock appears to be undervalued. The current stock price of €6.20 is trading 9.5% below its estimated GF Value™ of €6.85.

Key valuation signals for STU:TN0:

  • Net-Net Working Capital: €-1.38
  • GF Value™: €6.85 vs. price of €6.20 (9.5% below fair value)
  • GF Score™: 80/100 with 4 warning signs

No single metric tells the full story. See the STU:TN0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tadano Business Description

Other Exchanges 6395:Japan
Address 34 Kou, Nittacho, Kagawa Prefecture, Takamatsu City1, JPN, 761-0185
Tadano Ltd manufactures cranes, aerial work platforms, and other components. Mobile cranes account for majority of sales, but the company has diversified into truck cranes, loader cranes, and other special purpose vehicles. Its equipment is built for various terrains with multiple steering and acceleration controls. Tadano has four reportable segments: Japan (majority of total revenue), Europe, Americas and Oceania. Its research and development division looks to utilize innovative and cutting-edge technologies for both domestic and overseas markets. The company offers used equipment and various cylinders to help meet urgent demand. A wide range of experienced and trained technicians help customize components for the operating machines.
80GF Score

Get the complete analysis for STU:TN0

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€6.20
Price
€6.85
GF Value