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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.
The industry rank for Emerging Display Technologies's Net-Net Working Capital or its related term are showing as below:
TPE:3038's Price-to-Net-Net-Working-Capital is ranked better than 82.17% of 1122
companies
in the Hardware industry
Industry Median: 9.165
vs TPE:3038: 2.79
Emerging Display Technologies (TPE:3038) 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.
Emerging Display Technologies Net-Net Working Capital Related Terms
Emerging Display Technologies Net-Net Working Capital Historical Data
* 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.
Emerging Display Technologies Net-Net Working Capital Chart
TPE:3038 vs APH, GLW, TEL: Net-Net Working Capital Comparison
For the Electronic Components subindustry, Emerging Display Technologies'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.
Emerging Display Technologies Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Emerging Display Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Emerging Display Technologies'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$7.29 mean?
Emerging Display Technologies (TPE:3038) has a Net-Net Working Capital of NT$7.29 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 Emerging Display Technologies According to the industry distribution chart, Emerging Display Technologies ranks #200 out of 1122 companies in the Hardware industry, placing it in the top 17.8%.
Is Emerging Display Technologies' Net-Net Working Capital too high?
Emerging Display Technologies' current Net-Net Working Capital is NT$7.29. Based on the distribution chart, Emerging Display Technologies ranks #200 out of 1122 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Emerging Display Technologies has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Emerging Display Technologies' Net-Net Working Capital compare to APH and GLW?
According to the Hardware industry distribution chart, Emerging Display Technologies ranks #200 out of 1122 companies for Net-Net Working Capital. This places Emerging Display Technologies in the top 18% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 9.17. 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 9.17, based on 1,122 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 Emerging Display Technologies For the Hardware industry, the median Net-Net Working Capital is 9.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emerging Display Technologies's current Net-Net Working Capital is NT$7.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emerging Display Technologies stock overvalued right now?
Based on GuruFocus' analysis, Emerging Display Technologies (TPE:3038) is currently considered Fairly Valued. The stock's GF Value™ is NT$20.15, compared to a current price of NT$20.35 — trading 1% above its estimated fair value. The current Net-Net Working Capital is NT$7.29. Emerging Display Technologies' overall GF Score™ is 74/100 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 Emerging Display Technologies (TPE:3038), the current Net-Net Working Capital is NT$7.29 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 Emerging Display Technologies (TPE:3038) Overvalued in 2026?
Based on GuruFocus' analysis, Emerging Display Technologies stock appears to be overvalued.
The current stock price of NT$20.35 is trading 1% above its estimated GF Value™ of NT$20.15.
GuruFocus considers Emerging Display Technologies to be Fairly Valued.
Key valuation signals for TPE:3038:
Net-Net Working Capital: NT$7.29
GF Value™: NT$20.15 vs. price of NT$20.35 (1% above fair value)
No single metric tells the full story. See the TPE:3038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emerging Display Technologies Corp is engaged in manufacturing and selling Capacity Touch Panels and Liquid Crystal Displays (LCDs). Its operating segments include the Domestic segment, the North America segment, and the Mainland China segment. The Domestic segment engages in designing, manufacturing, and selling liquid crystal display modules and capacitive touch panels. The North America segment mainly expands the North American trading business and deals with the sale of liquid crystal displays provided by the domestic segment. The Mainland China segment engages in the manufacture of processing raw materials and supplies provided by the domestic segment. Geographically, the company derives key revenue from Europe and the rest from America, and other regions.
74GF 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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