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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.
Gem Terminal Ind Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$-9.06.
The industry rank for Gem Terminal Ind Co's Net-Net Working Capital or its related term are showing as below:
TPE:2460's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 9.04 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Gem Terminal Ind Co (TPE:2460) 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.
Gem Terminal Ind Co Net-Net Working Capital Related Terms
Gem Terminal Ind Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Gem Terminal Ind 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:2460 vs APH, GLW, TEL: Net-Net Working Capital Comparison
For the Electronic Components subindustry, Gem Terminal Ind 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.
Gem Terminal Ind Co Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Gem Terminal Ind Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Gem Terminal Ind 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$-9.06 mean?
Gem Terminal Ind Co (TPE:2460) has a Net-Net Working Capital of NT$-9.06 as of Jun. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Gem Terminal Ind Co According to the industry distribution chart, Gem Terminal Ind Co ranks #999999 out of 1151 companies in the Hardware industry.
Is Gem Terminal Ind Co's Net-Net Working Capital too high?
Gem Terminal Ind Co's current Net-Net Working Capital is NT$-9.06. Based on the distribution chart, Gem Terminal Ind Co ranks #999999 out of 1151 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Gem Terminal Ind Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gem Terminal Ind Co's Net-Net Working Capital compare to APH and GLW?
According to the Hardware industry distribution chart, Gem Terminal Ind Co ranks #999999 out of 1151 companies for Net-Net Working Capital. This places Gem Terminal Ind Co in the lower half of its industry. The industry median Net-Net Working Capital is 9.04. 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 Hardware company?
The median Net-Net Working Capital among Hardware companies is 9.04, based on 1,151 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 Gem Terminal Ind Co For the Hardware industry, the median Net-Net Working Capital is 9.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gem Terminal Ind Co's current Net-Net Working Capital is NT$-9.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gem Terminal Ind Co stock overvalued right now?
Based on GuruFocus' analysis, Gem Terminal Ind Co (TPE:2460) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$36.43, compared to a current price of NT$28.45 — trading 21.9% below its estimated fair value. The current Net-Net Working Capital is NT$-9.06. Gem Terminal Ind Co's overall GF Score™ is 64/100 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 Gem Terminal Ind Co (TPE:2460), the current Net-Net Working Capital is NT$-9.06 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 Gem Terminal Ind Co (TPE:2460) Overvalued in 2026?
Based on GuruFocus' analysis, Gem Terminal Ind Co stock appears to be undervalued.
The current stock price of NT$28.45 is trading 21.9% below its estimated GF Value™ of NT$36.43.
GuruFocus considers Gem Terminal Ind Co to be Modestly Undervalued.
Key valuation signals for TPE:2460:
Net-Net Working Capital: NT$-9.06
GF Value™: NT$36.43 vs. price of NT$28.45 (21.9% below fair value)
No single metric tells the full story. See the TPE:2460 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gem Terminal Ind Co Ltd is principally engaged in the manufacturing and sale of terminals. The company's terminal products are mainly used for electronic communication, automobile transportation, and electric appliance plugs. The firm also offers electric plug terminals, electric and motor parts terminals, electronic and communication terminals, optical communication passive devices, housing, and electronic connectors for AC and DC power cords, and copper smelting.
64GF Score
Get the complete analysis for TPE:2460
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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