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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.
The industry rank for Shihlin Electric & Engineering's Net-Net Working Capital or its related term are showing as below:
TPE:1503's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 8.33 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Shihlin Electric & Engineering (TPE:1503) 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.
Shihlin Electric & Engineering Net-Net Working Capital Related Terms
Shihlin Electric & Engineering Net-Net Working Capital Historical Data
* 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.
Shihlin Electric & Engineering Net-Net Working Capital Chart
TPE:1503 vs VRT, BE: Net-Net Working Capital Comparison
For the Electrical Equipment & Parts subindustry, Shihlin Electric & Engineering'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.
Shihlin Electric & Engineering Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shihlin Electric & Engineering's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Shihlin Electric & Engineering'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$-14.71 mean?
Shihlin Electric & Engineering (TPE:1503) has a Net-Net Working Capital of NT$-14.71 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 Shihlin Electric & Engineering According to the industry distribution chart, Shihlin Electric & Engineering ranks #999999 out of 1357 companies in the Industrial Products industry.
Is Shihlin Electric & Engineering's Net-Net Working Capital too high?
Shihlin Electric & Engineering's current Net-Net Working Capital is NT$-14.71. Based on the distribution chart, Shihlin Electric & Engineering ranks #999999 out of 1357 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Shihlin Electric & Engineering has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shihlin Electric & Engineering's Net-Net Working Capital compare to VRT and BE?
According to the Industrial Products industry distribution chart, Shihlin Electric & Engineering ranks #999999 out of 1357 companies for Net-Net Working Capital. This places Shihlin Electric & Engineering in the lower half of its industry. The industry median Net-Net Working Capital is 8.33. 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 8.33, based on 1,357 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 Shihlin Electric & Engineering For the Industrial Products industry, the median Net-Net Working Capital is 8.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shihlin Electric & Engineering's current Net-Net Working Capital is NT$-14.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shihlin Electric & Engineering stock overvalued right now?
Based on GuruFocus' analysis, Shihlin Electric & Engineering (TPE:1503) is currently considered Fairly Valued. The stock's GF Value™ is NT$207.59, compared to a current price of NT$201.50 — trading 2.9% below its estimated fair value. The current Net-Net Working Capital is NT$-14.71. Shihlin Electric & Engineering's overall GF Score™ is 84/100. 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 Shihlin Electric & Engineering (TPE:1503), the current Net-Net Working Capital is NT$-14.71 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 Shihlin Electric & Engineering (TPE:1503) Overvalued in 2026?
Based on GuruFocus' analysis, Shihlin Electric & Engineering stock appears to be undervalued.
The current stock price of NT$201.50 is trading 2.9% below its estimated GF Value™ of NT$207.59.
GuruFocus considers Shihlin Electric & Engineering to be Fairly Valued.
Key valuation signals for TPE:1503:
Net-Net Working Capital: NT$-14.71
GF Value™: NT$207.59 vs. price of NT$201.50 (2.9% below fair value)
No single metric tells the full story. See the TPE:1503 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shihlin Electric & Engineering Corp is engaged in the manufacture of heavy electrical equipment, electrical machinery, electrical automotive equipment and related parts, and the sale and lease of commercial buildings. Its product portfolio comprises low-voltage switches, solar inverters, charging stations, power transformers, capacitors, switchboards, etc. The group has four reportable segments: Electric Distribution, Automobile Parts, Automation Equipment and Parts, and Other. The majority of its revenue is generated by the Electric Distribution segment, which manufactures and sells heavy electric equipment. Geographically, it generates maximum revenue from Taiwan, followed by Mainland China, Vietnam, and other regions.
84GF Score
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