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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.
Hanpin Electron Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$17.13.
The industry rank for Hanpin Electron Co's Net-Net Working Capital or its related term are showing as below:
TPE:2488's Price-to-Net-Net-Working-Capital is ranked better than 81.17% of 1158
companies
in the Hardware industry
Industry Median: 9.21
vs TPE:2488: 2.85
Hanpin Electron Co (TPE:2488) 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.
Hanpin Electron Co Net-Net Working Capital Related Terms
Hanpin Electron Co Net-Net Working Capital Historical Data
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The historical data trend for Hanpin Electron 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:2488 vs AAPL: Net-Net Working Capital Comparison
For the Consumer Electronics subindustry, Hanpin Electron 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.
Hanpin Electron Co Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Hanpin Electron Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Hanpin Electron 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$17.13 mean?
Hanpin Electron Co (TPE:2488) has a Net-Net Working Capital of NT$17.13 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 Hanpin Electron Co According to the industry distribution chart, Hanpin Electron Co ranks #218 out of 1158 companies in the Hardware industry, placing it in the top 18.8%.
Is Hanpin Electron Co's Net-Net Working Capital too high?
Hanpin Electron Co's current Net-Net Working Capital is NT$17.13. Based on the distribution chart, Hanpin Electron Co ranks #218 out of 1158 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Hanpin Electron Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hanpin Electron Co's Net-Net Working Capital compare to AAPL?
According to the Hardware industry distribution chart, Hanpin Electron Co ranks #218 out of 1158 companies for Net-Net Working Capital. This places Hanpin Electron Co in the top 19% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 9.21. 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 9.21, based on 1,158 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 Hanpin Electron Co For the Hardware industry, the median Net-Net Working Capital is 9.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hanpin Electron Co's current Net-Net Working Capital is NT$17.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hanpin Electron Co stock overvalued right now?
Based on GuruFocus' analysis, Hanpin Electron Co (TPE:2488) is currently considered Fairly Valued. The stock's GF Value™ is NT$51.66, compared to a current price of NT$48.75 — trading 5.6% below its estimated fair value. The current Net-Net Working Capital is NT$17.13. Hanpin Electron Co's overall GF Score™ is 93/100 with 2 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 Hanpin Electron Co (TPE:2488), the current Net-Net Working Capital is NT$17.13 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 Hanpin Electron Co (TPE:2488) Overvalued in 2026?
Based on GuruFocus' analysis, Hanpin Electron Co stock appears to be undervalued.
The current stock price of NT$48.75 is trading 5.6% below its estimated GF Value™ of NT$51.66.
GuruFocus considers Hanpin Electron Co to be Fairly Valued.
Key valuation signals for TPE:2488:
Net-Net Working Capital: NT$17.13
GF Value™: NT$51.66 vs. price of NT$48.75 (5.6% below fair value)
No single metric tells the full story. See the TPE:2488 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hanpin Electron Co Ltd is engaged in the manufacture of electronic appliances, lighting equipment, data storage and processing equipment, wireless communication machinery and electronic components, the provision of international trading, product design and information software services. It operates in two segments Audio and Construction segments. Audio segment is engaged in the manufacture of audio equipment used in consumer entertainment venues, studios, personal audiovisual entertainment, schools, conference rooms, theatres and large-scale concerts. Construction segment engages in the development, leasing and sales of residential buildings, commercial buildings and industrial factories, as well as real estate sales and leasing. Audio segment derives the majority of revenue.
93GF 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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