Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
TPE:1540's Price-to-Net-Net-Working-Capital is ranked better than 92.02% of 1304
companies
in the Industrial Products industry
Industry Median: 8.385
vs TPE:1540: 1.66
Roundtop Machinery Industries Co (TPE:1540) 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.
Roundtop Machinery Industries Co Net-Net Working Capital Related Terms
Roundtop Machinery Industries Co 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.
Roundtop Machinery Industries Co Net-Net Working Capital Chart
TPE:1540 vs GEV, ETN, PH: Net-Net Working Capital Comparison
For the Specialty Industrial Machinery subindustry, Roundtop Machinery Industries 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.
Roundtop Machinery Industries Co Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Roundtop Machinery Industries Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Roundtop Machinery Industries 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$11.60 mean?
Roundtop Machinery Industries Co (TPE:1540) has a Net-Net Working Capital of NT$11.60 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 Roundtop Machinery Industries Co According to the industry distribution chart, Roundtop Machinery Industries Co ranks #104 out of 1304 companies in the Industrial Products industry, placing it in the top 8%.
Is Roundtop Machinery Industries Co's Net-Net Working Capital too high?
Roundtop Machinery Industries Co's current Net-Net Working Capital is NT$11.60. Based on the distribution chart, Roundtop Machinery Industries Co ranks #104 out of 1304 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Roundtop Machinery Industries Co has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Roundtop Machinery Industries Co's Net-Net Working Capital compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Roundtop Machinery Industries Co ranks #104 out of 1304 companies for Net-Net Working Capital. This places Roundtop Machinery Industries Co in the top 8% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.39. 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 8.39, based on 1,304 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 Roundtop Machinery Industries Co For the Industrial Products industry, the median Net-Net Working Capital is 8.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Roundtop Machinery Industries Co's current Net-Net Working Capital is NT$11.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Roundtop Machinery Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Roundtop Machinery Industries Co (TPE:1540) is currently considered Fairly Valued. The stock's GF Value™ is NT$20.24, compared to a current price of NT$19.25 — trading 4.9% below its estimated fair value. The current Net-Net Working Capital is NT$11.60. Roundtop Machinery Industries Co's overall GF Score™ is 85/100 with 3 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 Roundtop Machinery Industries Co (TPE:1540), the current Net-Net Working Capital is NT$11.60 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 Roundtop Machinery Industries Co (TPE:1540) Overvalued in 2026?
Based on GuruFocus' analysis, Roundtop Machinery Industries Co stock appears to be undervalued.
The current stock price of NT$19.25 is trading 4.9% below its estimated GF Value™ of NT$20.24.
GuruFocus considers Roundtop Machinery Industries Co to be Fairly Valued.
Key valuation signals for TPE:1540:
Net-Net Working Capital: NT$11.60
GF Value™: NT$20.24 vs. price of NT$19.25 (4.9% below fair value)
No single metric tells the full story. See the TPE:1540 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Roundtop Machinery Industries Co Ltd is mainly engaged in the manufacturing and selling of machine tools, including milling machines, CNC milling machines, lathes, CNC lathes, various cutting centers, plastic machines, and spare parts. Geographically, the company generates the majority of its revenue from Asia and the rest from the Americas, Europe, and other regions.
85GF Score
Get the complete analysis for TPE:1540
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:1540 has been successfully added to your 
