Compucase Enterprise Co (TPE:3032) Net-Net Working Capital: NT$-73.71 (As of Mar. 2026)

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TPE:3032 Compucase Enterprise Co Ltd TPE:3032
80 GF Score
Price NT$80.00
GF Value NT$113.18
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Compucase Enterprise Co Net-Net Working Capital?

Compucase Enterprise Co TPE:3032 +2.56% 80 Net-Net Working Capital is NT$-73.71 as of Mar. 2026. GuruFocus rates TPE:3032 with a GF Score™ of 80/100 and a GF Value™ of NT$113.18 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,157 Hardware companies, Compucase Enterprise Co ranks worse than 86430.34% on this metric.

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.

Compucase Enterprise Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was NT$-73.71.

The industry rank for Compucase Enterprise Co's Net-Net Working Capital or its related term are showing as below:

TPE:3032's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 8.93
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Compucase Enterprise Co  (TPE:3032) 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.


Compucase Enterprise Co Net-Net Working Capital Related Terms


Compucase Enterprise Co Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Compucase Enterprise 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.

Compucase Enterprise Co Net-Net Working Capital Chart

Compucase Enterprise Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -11.46 -11.30 -6.79 -4.37 -77.59

Compucase Enterprise Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.64 -12.52 -74.44 -77.59 -73.71

TPE:3032 vs DELL, ANET, SNDK: Net-Net Working Capital Comparison

For the Computer Hardware subindustry, Compucase Enterprise 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.


Compucase Enterprise Co Price-to-Net-Net-Working-Capital vs Hardware Industry

For the Hardware industry and Technology sector, Compucase Enterprise Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Compucase Enterprise Co's Price-to-Net-Net-Working-Capital falls into.


TPE:3032
80GF Score
Compucase Enterprise Co Ltd TPE:3032
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Compucase Enterprise Co Net-Net Working Capital Calculation

Compucase Enterprise Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(5533.056+0.75 * 3365.048+0.5 * 2116.577-16975.659
-0-929.172)/113.286
=-77.59

Compucase Enterprise Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2026 is calculated as

Net-Net Working Capital(Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3627.417+0.75 * 3227.475+0.5 * 2118.814-14504.218
-0-953.476)/113.286
=-73.71

* 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$-73.71 mean?
Compucase Enterprise Co (TPE:3032) has a Net-Net Working Capital of NT$-73.71 as of Mar. 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 Compucase Enterprise Co According to the industry distribution chart, Compucase Enterprise Co ranks #999999 out of 1157 companies in the Hardware industry.
Is Compucase Enterprise Co's Net-Net Working Capital too high?
Compucase Enterprise Co's current Net-Net Working Capital is NT$-73.71. Based on the distribution chart, Compucase Enterprise Co ranks #999999 out of 1157 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Compucase Enterprise Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Compucase Enterprise Co's Net-Net Working Capital compare to DELL and ANET?
According to the Hardware industry distribution chart, Compucase Enterprise Co ranks #999999 out of 1157 companies for Net-Net Working Capital. This places Compucase Enterprise Co in the lower half of its industry. The industry median Net-Net Working Capital is 8.93. 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 8.93, based on 1,157 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 Compucase Enterprise Co For the Hardware industry, the median Net-Net Working Capital is 8.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Compucase Enterprise Co's current Net-Net Working Capital is NT$-73.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Compucase Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Compucase Enterprise Co (TPE:3032) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$113.18, compared to a current price of NT$80.00 — trading 29.3% below its estimated fair value. The current Net-Net Working Capital is NT$-73.71. Compucase Enterprise Co's overall GF Score™ is 80/100 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 Compucase Enterprise Co (TPE:3032), the current Net-Net Working Capital is NT$-73.71 as of Mar. 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 Compucase Enterprise Co (TPE:3032) Overvalued in 2026?

Based on GuruFocus' analysis, Compucase Enterprise Co stock appears to be undervalued. The current stock price of NT$80.00 is trading 29.3% below its estimated GF Value™ of NT$113.18. GuruFocus considers Compucase Enterprise Co to be Modestly Undervalued.

Key valuation signals for TPE:3032:

  • Net-Net Working Capital: NT$-73.71
  • GF Value™: NT$113.18 vs. price of NT$80.00 (29.3% below fair value)
  • GF Score™: 80/100 with 4 warning signs

No single metric tells the full story. See the TPE:3032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Compucase Enterprise Co Business Description

Address Number 225, Lane 54, Anhe Road, Section 2, Annan District, Tainan, TWN
Compucase Enterprise Co Ltd is engaged in the manufacturing, processing, sales, import, and export of power supplies and the finished goods and components of computer products. Its products are used for the set-up, start, and operation of personal computers. Its products are Rackmount Chassis, PC Cases, PC Power Supplies, and Cabinet. The company's reportable segments are Operational headquarters, Manufacturing, Channels, the Department for medical devices, the Department for server chassis, and Other.
80GF Score

Get the complete analysis for TPE:3032

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$80.00
Price
NT$113.18
GF Value