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Formosa Taffeta CoTPE:1434 +1.68%73 Net-Net Working Capital is NT$-2.93 as of Jun. 2026. GuruFocus rates TPE:1434 with a GF Score™ of 73/100 and a GF Value™ of NT$17.75 (Fairly Valued). The stock has 8 warning signs investors should review. Among 375 Manufacturing - Apparel & Accessories companies, Formosa Taffeta Co ranks worse than 266666.4% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Formosa Taffeta Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$-2.93.
The industry rank for Formosa Taffeta Co's Net-Net Working Capital or its related term are showing as below:
TPE:1434's Price-to-Net-Net-Working-Capital is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.77 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Formosa Taffeta Co (TPE:1434) 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.
Formosa Taffeta Co Net-Net Working Capital Related Terms
Formosa Taffeta Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Formosa Taffeta 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.
Formosa Taffeta Co Net-Net Working Capital Competitor Comparison
For the Textile Manufacturing subindustry, Formosa Taffeta 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.
Formosa Taffeta Co Price-to-Net-Net-Working-Capital vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Formosa Taffeta Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Formosa Taffeta 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 NT$-2.93 mean?
Formosa Taffeta Co (TPE:1434) has a Net-Net Working Capital of NT$-2.93 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 Formosa Taffeta Co According to the industry distribution chart, Formosa Taffeta Co ranks #999999 out of 375 companies in the Manufacturing - Apparel & Accessories industry.
Is Formosa Taffeta Co's Net-Net Working Capital too high?
Formosa Taffeta Co's current Net-Net Working Capital is NT$-2.93. Based on the distribution chart, Formosa Taffeta Co ranks #999999 out of 375 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Formosa Taffeta Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Formosa Taffeta Co's Net-Net Working Capital compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Formosa Taffeta Co ranks #999999 out of 375 companies for Net-Net Working Capital. This places Formosa Taffeta Co in the lower half of its industry. The industry median Net-Net Working Capital is 5.77. 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 5.77, based on 375 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 Formosa Taffeta Co For the Manufacturing - Apparel & Accessories industry, the median Net-Net Working Capital is 5.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formosa Taffeta Co's current Net-Net Working Capital is NT$-2.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formosa Taffeta Co stock overvalued right now?
Based on GuruFocus' analysis, Formosa Taffeta Co (TPE:1434) is currently considered Fairly Valued. The stock's GF Value™ is NT$17.75, compared to a current price of NT$18.15 — trading 2.3% above its estimated fair value. The current Net-Net Working Capital is NT$-2.93. Formosa Taffeta Co's overall GF Score™ is 73/100 with 8 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 Formosa Taffeta Co (TPE:1434), the current Net-Net Working Capital is NT$-2.93 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 Formosa Taffeta Co (TPE:1434) Overvalued in 2026?
Based on GuruFocus' analysis, Formosa Taffeta Co stock appears to be overvalued.
The current stock price of NT$18.15 is trading 2.3% above its estimated GF Value™ of NT$17.75.
GuruFocus considers Formosa Taffeta Co to be Fairly Valued.
Key valuation signals for TPE:1434:
Net-Net Working Capital: NT$-2.93
GF Value™: NT$17.75 vs. price of NT$18.15 (2.3% above fair value)
No single metric tells the full story. See the TPE:1434 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Formosa Taffeta Co Ltd is a Taiwan-based company that is principally involved in the textile industry. Primary department is Fabrics, dyeing and others of which activities are Amine fabrics, polyester fabrics, cotton fabrics, blending fabrics and umbrella ribs and Secondary department is Cord fabrics, petroleum of which activities are Cord, plastic bags, refineries for gasoline, diesel, crude oil and the related petroleum products, cotton fibers, blending fibers and protection fibers. The Group has three reportable segments First business group, Cord fabric department and Gasoline department. The majority of revenue comes from First business group. The majority of revenue comes from Taiwan as compare to Asia.
73GF Score
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