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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.
King Slide Works Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$259.30.
The industry rank for King Slide Works Co's Net-Net Working Capital or its related term are showing as below:
TPE:2059's Price-to-Net-Net-Working-Capital is ranked worse than 92.44% of 172
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 7.065
vs TPE:2059: 55.15
King Slide Works Co (TPE:2059) 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.
King Slide Works Co Net-Net Working Capital Related Terms
King Slide Works Co Net-Net Working Capital Historical Data
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The historical data trend for King Slide Works 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:2059 vs SN, SGI, MHK: Net-Net Working Capital Comparison
For the Furnishings, Fixtures & Appliances subindustry, King Slide Works 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.
King Slide Works Co Price-to-Net-Net-Working-Capital vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, King Slide Works Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where King Slide Works 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$259.30 mean?
King Slide Works Co (TPE:2059) has a Net-Net Working Capital of NT$259.30 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 King Slide Works Co According to the industry distribution chart, King Slide Works Co ranks #159 out of 172 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 92.4%.
Is King Slide Works Co's Net-Net Working Capital too high?
King Slide Works Co's current Net-Net Working Capital is NT$259.30. Based on the distribution chart, King Slide Works Co ranks #159 out of 172 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, King Slide Works Co has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does King Slide Works Co's Net-Net Working Capital compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, King Slide Works Co ranks #159 out of 172 companies for Net-Net Working Capital. This places King Slide Works Co in the lower half of its industry. The industry median Net-Net Working Capital is 7.07. 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 Furnishings, Fixtures & Appliances company?
The median Net-Net Working Capital among Furnishings, Fixtures & Appliances companies is 7.07, based on 172 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 King Slide Works Co For the Furnishings, Fixtures & Appliances industry, the median Net-Net Working Capital is 7.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. King Slide Works Co's current Net-Net Working Capital is NT$259.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is King Slide Works Co stock overvalued right now?
Based on GuruFocus' analysis, King Slide Works Co (TPE:2059) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$6,264.10, compared to a current price of NT$14,300.00 — trading 128.3% above its estimated fair value. The current Net-Net Working Capital is NT$259.30. King Slide Works Co's overall GF Score™ is 87/100 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 King Slide Works Co (TPE:2059), the current Net-Net Working Capital is NT$259.30 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 King Slide Works Co (TPE:2059) Overvalued in 2026?
Based on GuruFocus' analysis, King Slide Works Co stock appears to be overvalued.
The current stock price of NT$14,300.00 is trading 128.3% above its estimated GF Value™ of NT$6,264.10.
GuruFocus considers King Slide Works Co to be Significantly Overvalued.
Key valuation signals for TPE:2059:
Net-Net Working Capital: NT$259.30
GF Value™: NT$6,264.10 vs. price of NT$14,300.00 (128.3% above fair value)
No single metric tells the full story. See the TPE:2059 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
King Slide Works Co Ltd mainly designs, manufactures and sells the following products: Rail kits for cloud computing servers and data devices. Furniture, wooden kitchen accessories, slides and molds. Its segments are King Slide Works Co, King Slide Technology Co, and others. The company generates majority of revenue from King Slide Technology Co, Ltd. mainly R&D, designs and sells the rail kits for servers and network communications equipment. The company has presence in Taiwan, USA, China, and Others. The company generates majority of revenue from USA. The company's products includes Kitchen & Furniture Solutions, Special Applications, Server Rail Kits & CMA, and Consumer Electronics Solutions.
87GF Score
Get the complete analysis for TPE:2059
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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