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.
Beijing SOJO Electric Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ¥-3.98.
The industry rank for Beijing SOJO Electric Co's Net-Net Working Capital or its related term are showing as below:
SZSE:300444's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 8.825 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Beijing SOJO Electric Co (SZSE:300444) 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.
Beijing SOJO Electric Co Net-Net Working Capital Related Terms
Beijing SOJO Electric Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Beijing SOJO Electric 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.
Beijing SOJO Electric Co Net-Net Working Capital Chart
SZSE:300444 vs GEV, ETN, PH: Net-Net Working Capital Comparison
For the Specialty Industrial Machinery subindustry, Beijing SOJO 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.
Beijing SOJO Electric Co Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Beijing SOJO Electric Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Beijing SOJO 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 ¥-3.98 mean?
Beijing SOJO Electric Co (SZSE:300444) has a Net-Net Working Capital of ¥-3.98 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 Beijing SOJO Electric Co According to the industry distribution chart, Beijing SOJO Electric Co ranks #999999 out of 1364 companies in the Industrial Products industry.
Is Beijing SOJO Electric Co's Net-Net Working Capital too high?
Beijing SOJO Electric Co's current Net-Net Working Capital is ¥-3.98. Based on the distribution chart, Beijing SOJO Electric Co ranks #999999 out of 1364 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Beijing SOJO Electric Co has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Beijing SOJO Electric Co's Net-Net Working Capital compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Beijing SOJO Electric Co ranks #999999 out of 1364 companies for Net-Net Working Capital. This places Beijing SOJO Electric Co in the lower half of its industry. The industry median Net-Net Working Capital is 8.83. 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 8.83, based on 1,364 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 Beijing SOJO Electric Co For the Industrial Products industry, the median Net-Net Working Capital is 8.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beijing SOJO Electric Co's current Net-Net Working Capital is ¥-3.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing SOJO Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Beijing SOJO Electric Co (SZSE:300444) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥10.66, compared to a current price of ¥13.66 — trading 28.1% above its estimated fair value. The current Net-Net Working Capital is ¥-3.98. Beijing SOJO Electric Co's overall GF Score™ is 68/100 with 10 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 Beijing SOJO Electric Co (SZSE:300444), the current Net-Net Working Capital is ¥-3.98 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 Beijing SOJO Electric Co (SZSE:300444) Overvalued in 2026?
Based on GuruFocus' analysis, Beijing SOJO Electric Co stock appears to be overvalued.
The current stock price of ¥13.66 is trading 28.1% above its estimated GF Value™ of ¥10.66.
GuruFocus considers Beijing SOJO Electric Co to be Modestly Overvalued.
Key valuation signals for SZSE:300444:
Net-Net Working Capital: ¥-3.98
GF Value™: ¥10.66 vs. price of ¥13.66 (28.1% above fair value)
No single metric tells the full story. See the SZSE:300444 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beijing SOJO Electric Co Ltd is engaged in the research, production, sales and international trading of power distribution equipment and automation equipment in the field of power transmission and distribution. It's products used in the three areas of smart grid, smart energy, and lithium battery. Its products are Medium voltage distribution cabinet, Outdoor column switch or recloser, Box substation, Jebet low-voltage electrical products, Transformer.
68GF Score
Get the complete analysis for SZSE:300444
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
SZSE:300444 has been successfully added to your 
