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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.
Jung Shing Wire Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$3.76.
The industry rank for Jung Shing Wire Co's Net-Net Working Capital or its related term are showing as below:
TPE:1617's Price-to-Net-Net-Working-Capital is ranked better than 66.92% of 1318
companies
in the Industrial Products industry
Industry Median: 8.375
vs TPE:1617: 5.21
Jung Shing Wire Co (TPE:1617) 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.
Jung Shing Wire Co Net-Net Working Capital Related Terms
Jung Shing Wire Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Jung Shing Wire 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.
TPE:1617 vs VRT, BE: Net-Net Working Capital Comparison
For the Electrical Equipment & Parts subindustry, Jung Shing Wire 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.
Jung Shing Wire Co Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Jung Shing Wire Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Jung Shing Wire 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$3.76 mean?
Jung Shing Wire Co (TPE:1617) has a Net-Net Working Capital of NT$3.76 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 Jung Shing Wire Co According to the industry distribution chart, Jung Shing Wire Co ranks #436 out of 1318 companies in the Industrial Products industry, placing it in the top 33.1%.
Is Jung Shing Wire Co's Net-Net Working Capital too high?
Jung Shing Wire Co's current Net-Net Working Capital is NT$3.76. Based on the distribution chart, Jung Shing Wire Co ranks #436 out of 1318 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Jung Shing Wire Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jung Shing Wire Co's Net-Net Working Capital compare to VRT and BE?
According to the Industrial Products industry distribution chart, Jung Shing Wire Co ranks #436 out of 1318 companies for Net-Net Working Capital. This puts Jung Shing Wire Co in the upper half of its industry. The industry median Net-Net Working Capital is 8.38. 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 8.38, based on 1,318 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 Jung Shing Wire Co For the Industrial Products industry, the median Net-Net Working Capital is 8.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jung Shing Wire Co's current Net-Net Working Capital is NT$3.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jung Shing Wire Co stock overvalued right now?
Based on GuruFocus' analysis, Jung Shing Wire Co (TPE:1617) is currently considered Fairly Valued. The stock's GF Value™ is NT$19.76, compared to a current price of NT$19.60 — trading 0.8% below its estimated fair value. The current Net-Net Working Capital is NT$3.76. Jung Shing Wire Co's overall GF Score™ is 78/100 with 4 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 Jung Shing Wire Co (TPE:1617), the current Net-Net Working Capital is NT$3.76 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 Jung Shing Wire Co (TPE:1617) Overvalued in 2026?
Based on GuruFocus' analysis, Jung Shing Wire Co stock appears to be undervalued.
The current stock price of NT$19.60 is trading 0.8% below its estimated GF Value™ of NT$19.76.
GuruFocus considers Jung Shing Wire Co to be Fairly Valued.
Key valuation signals for TPE:1617:
Net-Net Working Capital: NT$3.76
GF Value™: NT$19.76 vs. price of NT$19.60 (0.8% below fair value)
No single metric tells the full story. See the TPE:1617 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jung Shing Wire Co Ltd is engaged in the manufacturing and processing of enameled wires and downstream products, and the trading of related machinery and equipment. Its product portfolio comprises general enameled wire, self-melting enameled wire, and special enameled wire. The group has a reporting segment: the wire department, which manufactures various kinds of degaussing rings, enameled wire, and Litz wire. Geographically, the company generates maximum revenue from Mainland China, followed by Taiwan, Vietnam, the Philippines, Japan, and other countries.
78GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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