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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.
Tanseisha Co's Net-Net Working Capital for the quarter that ended in Jan. 2026 was $2.45.
The industry rank for Tanseisha Co's Net-Net Working Capital or its related term are showing as below:
TAHCF's Price-to-Net-Net-Working-Capital is ranked better than 61.88% of 446
companies
in the Business Services industry
Industry Median: 5.455
vs TAHCF: 3.93
Tanseisha Co (OTCPK:TAHCF) 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.
Tanseisha Co Net-Net Working Capital Related Terms
Tanseisha Co Net-Net Working Capital Historical Data
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The historical data trend for Tanseisha 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.
TAHCF vs CTAS, CPRT, GPN: Net-Net Working Capital Comparison
For the Specialty Business Services subindustry, Tanseisha 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.
Tanseisha Co Price-to-Net-Net-Working-Capital vs Business Services Industry
For the Business Services industry and Industrials sector, Tanseisha Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Tanseisha 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 $2.45 mean?
Tanseisha Co (TAHCF) has a Net-Net Working Capital of $2.45 as of Jan. 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 Tanseisha Co According to the industry distribution chart, Tanseisha Co ranks #170 out of 446 companies in the Business Services industry, placing it in the top 38.1%.
Is Tanseisha Co's Net-Net Working Capital too high?
Tanseisha Co's current Net-Net Working Capital is $2.45. The Business Services industry median Net-Net Working Capital is 5.46. Tanseisha Co's value of $2.45 is 55.1% below this industry median. Based on the distribution chart, Tanseisha Co ranks #170 out of 446 companies in the Business Services industry, which is above the industry midpoint. Overall, Tanseisha Co has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Tanseisha Co's Net-Net Working Capital compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Tanseisha Co ranks #170 out of 446 companies for Net-Net Working Capital. This puts Tanseisha Co in the upper half of its industry. The industry median Net-Net Working Capital is 5.46. Tanseisha Co's value of $2.45 is 55.1% 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 Business Services company?
The median Net-Net Working Capital among Business Services companies is 5.46, based on 446 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. Tanseisha Co's current Net-Net Working Capital of $2.45 is 55.1% 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 Tanseisha Co For the Business Services industry, the median Net-Net Working Capital is 5.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tanseisha Co's current Net-Net Working Capital is $2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tanseisha Co stock overvalued right now?
Tanseisha Co (TAHCF) has a current Net-Net Working Capital of $2.45. The stock's GF Value™ is $7.37, compared to a current price of $8.25 — trading 11.9% above its estimated fair value. The current Net-Net Working Capital is $2.45 and 55.1% below the Business Services industry median of 5.46. Tanseisha Co's overall GF Score™ is 80/100 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 Tanseisha Co (TAHCF), the current Net-Net Working Capital is $2.45 as of Jan. 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 Tanseisha Co (TAHCF) Overvalued in 2026?
Based on GuruFocus' analysis, Tanseisha Co stock appears to be overvalued.
The current stock price of $8.25 is trading 11.9% above its estimated GF Value™ of $7.37.
Key valuation signals for TAHCF:
Net-Net Working Capital: $2.45
GF Value™: $7.37 vs. price of $8.25 (11.9% above fair value)
Industry Position: 55.1% below the Business Services median (#170 of 446)
No single metric tells the full story. See the TAHCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tanseisha Co Ltd is engaged in the research, planning, design, layout, construction, production and operation of commercial, public, cultural, business and event spaces. The business segments of the group are Commercial and Other Facilities Business, Chain Store Business, Cultural Facilities Business, and Others. The Commercial and Other Facilities business segment involves the interior decoration of department stores, specialty stores, restaurants, offices, hotels, and related facilities. The Chain store business segment handles the interiors of chain stores offering casual wear and fast food. The Cultural facilities business segment manages cultural facilities such as exhibitions in museums and science halls.
80GF 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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