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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.
Universal Textile Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$-13.66.
The industry rank for Universal Textile Co's Net-Net Working Capital or its related term are showing as below:
TPE:1445's Price-to-Net-Net-Working-Capital is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.75 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Universal Textile Co (TPE:1445) 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.
Universal Textile Co Net-Net Working Capital Related Terms
Universal Textile Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Universal Textile 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.
Universal Textile Co Net-Net Working Capital Chart
Universal Textile Co Net-Net Working Capital Competitor Comparison
For the Textile Manufacturing subindustry, Universal Textile 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.
Universal Textile Co Price-to-Net-Net-Working-Capital vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Universal Textile Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Universal Textile 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$-13.66 mean?
Universal Textile Co (TPE:1445) has a Net-Net Working Capital of NT$-13.66 as of Jun. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Universal Textile Co According to the industry distribution chart, Universal Textile Co ranks #999999 out of 370 companies in the Manufacturing - Apparel & Accessories industry.
Is Universal Textile Co's Net-Net Working Capital too high?
Universal Textile Co's current Net-Net Working Capital is NT$-13.66. Based on the distribution chart, Universal Textile Co ranks #999999 out of 370 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Universal Textile Co has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Universal Textile Co's Net-Net Working Capital compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Universal Textile Co ranks #999999 out of 370 companies for Net-Net Working Capital. This places Universal Textile Co in the lower half of its industry. The industry median Net-Net Working Capital is 5.75. 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 5.75, based on 370 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 Universal Textile Co For the Manufacturing - Apparel & Accessories industry, the median Net-Net Working Capital is 5.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Universal Textile Co's current Net-Net Working Capital is NT$-13.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Textile Co stock overvalued right now?
Based on GuruFocus' analysis, Universal Textile Co (TPE:1445) is currently considered Fairly Valued. The stock's GF Value™ is NT$10.38, compared to a current price of NT$10.30 — trading 0.8% below its estimated fair value. The current Net-Net Working Capital is NT$-13.66. Universal Textile Co's overall GF Score™ is 54/100 with 5 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 Universal Textile Co (TPE:1445), the current Net-Net Working Capital is NT$-13.66 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 Universal Textile Co (TPE:1445) Overvalued in 2026?
Based on GuruFocus' analysis, Universal Textile Co stock appears to be undervalued.
The current stock price of NT$10.30 is trading 0.8% below its estimated GF Value™ of NT$10.38.
GuruFocus considers Universal Textile Co to be Fairly Valued.
Key valuation signals for TPE:1445:
Net-Net Working Capital: NT$-13.66
GF Value™: NT$10.38 vs. price of NT$10.30 (0.8% below fair value)
No single metric tells the full story. See the TPE:1445 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Universal Textile Co Ltd is engaged in the production and sales of various processed yarns and synthetic fiber fabrics. Its products include fashion fabrics (woven and knitted), suit fabrics, women's clothing fabrics, uniform fabrics, shirt fabrics, coat fabrics, classic series, classic floral yarn series, and functional fabrics, including moisture-wicking, fit, and coating fabrics. Its segments are: the textile segment and the textured yarn segment. The textile segment generates maximum revenue, mainly including polyester filament fabrics, T/R mixed weave fabrics, and elastic fabrics, which are used as filament suit fabrics, women's thin fabrics, and various finishing fabrics. The textured yarn segment mainly includes polyester processed yarn.
54GF Score
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