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Tex-Ray Industrial CoTPE:1467 -0.95%58 Net-Net Working Capital is NT$-10.81 as of Jun. 2026. GuruFocus rates TPE:1467 with a GF Score™ of 58/100 and a GF Value™ of NT$10.95 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 375 Manufacturing - Apparel & Accessories companies, Tex-Ray Industrial Co ranks worse than 266666.4% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Tex-Ray Industrial Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$-10.81.
The industry rank for Tex-Ray Industrial Co's Net-Net Working Capital or its related term are showing as below:
TPE:1467's Price-to-Net-Net-Working-Capital is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.7 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Tex-Ray Industrial Co (TPE:1467) 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.
Tex-Ray Industrial Co Net-Net Working Capital Related Terms
Tex-Ray Industrial Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Tex-Ray Industrial 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.
Tex-Ray Industrial Co Net-Net Working Capital Chart
TPE:1467 vs RL, LEVI, VFC: Net-Net Working Capital Comparison
For the Apparel Manufacturing subindustry, Tex-Ray Industrial 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.
Tex-Ray Industrial Co Price-to-Net-Net-Working-Capital vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tex-Ray Industrial Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Tex-Ray Industrial 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$-10.81 mean?
Tex-Ray Industrial Co (TPE:1467) has a Net-Net Working Capital of NT$-10.81 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 Tex-Ray Industrial Co According to the industry distribution chart, Tex-Ray Industrial Co ranks #999999 out of 375 companies in the Manufacturing - Apparel & Accessories industry.
Is Tex-Ray Industrial Co's Net-Net Working Capital too high?
Tex-Ray Industrial Co's current Net-Net Working Capital is NT$-10.81. Based on the distribution chart, Tex-Ray Industrial Co ranks #999999 out of 375 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Tex-Ray Industrial Co has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tex-Ray Industrial Co's Net-Net Working Capital compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Tex-Ray Industrial Co ranks #999999 out of 375 companies for Net-Net Working Capital. This places Tex-Ray Industrial Co in the lower half of its industry. The industry median Net-Net Working Capital is 5.70. 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 5.70, 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 Tex-Ray Industrial Co For the Manufacturing - Apparel & Accessories industry, the median Net-Net Working Capital is 5.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tex-Ray Industrial Co's current Net-Net Working Capital is NT$-10.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tex-Ray Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Tex-Ray Industrial Co (TPE:1467) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$10.95, compared to a current price of NT$8.30 — trading 24.2% below its estimated fair value. The current Net-Net Working Capital is NT$-10.81. Tex-Ray Industrial Co's overall GF Score™ is 58/100 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 Tex-Ray Industrial Co (TPE:1467), the current Net-Net Working Capital is NT$-10.81 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 Tex-Ray Industrial Co (TPE:1467) Overvalued in 2026?
Based on GuruFocus' analysis, Tex-Ray Industrial Co stock appears to be undervalued.
The current stock price of NT$8.30 is trading 24.2% below its estimated GF Value™ of NT$10.95.
GuruFocus considers Tex-Ray Industrial Co to be Modestly Undervalued.
Key valuation signals for TPE:1467:
Net-Net Working Capital: NT$-10.81
GF Value™: NT$10.95 vs. price of NT$8.30 (24.2% below fair value)
No single metric tells the full story. See the TPE:1467 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tex-Ray Industrial Co Ltd is engaged in weaving, manufacturing and processing, dyeing and finishing, and buying and selling businesses related to cotton, cloth, various fibers and textiles, as well as cotton yarn purchasing, export business, garment processing and selling, and export business. The company has established the Fancy Yarn Business Division, the Woven Fabric Business Division, and the Garment Business Division. Geographically, its operations are spread across Taiwan, Mexico, the USA, China, Africa, Vietnam, and Other Countries, with the majority of the revenue generated from Taiwan.
58GF Score
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