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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.
Powertech Industrial Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was NT$1.28.
The industry rank for Powertech Industrial Co's Net-Net Working Capital or its related term are showing as below:
TPE:3296's Price-to-Net-Net-Working-Capital is ranked worse than 69.07% of 1193
companies
in the Hardware industry
Industry Median: 9.17
vs TPE:3296: 18.05
Powertech Industrial Co (TPE:3296) 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.
Powertech Industrial Co Net-Net Working Capital Related Terms
Powertech Industrial Co Net-Net Working Capital Historical Data
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The historical data trend for Powertech Industrial 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.
Powertech Industrial Co Net-Net Working Capital Chart
TPE:3296 vs AAPL: Net-Net Working Capital Comparison
For the Consumer Electronics subindustry, Powertech Industrial 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.
Powertech Industrial Co Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Powertech Industrial Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Powertech Industrial 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$1.28 mean?
Powertech Industrial Co (TPE:3296) has a Net-Net Working Capital of NT$1.28 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 Powertech Industrial Co According to the industry distribution chart, Powertech Industrial Co ranks #824 out of 1193 companies in the Hardware industry, placing it in the top 69.1%.
Is Powertech Industrial Co's Net-Net Working Capital too high?
Powertech Industrial Co's current Net-Net Working Capital is NT$1.28. Based on the distribution chart, Powertech Industrial Co ranks #824 out of 1193 companies in the Hardware industry, which is below the industry midpoint. Overall, Powertech Industrial Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Powertech Industrial Co's Net-Net Working Capital compare to AAPL?
According to the Hardware industry distribution chart, Powertech Industrial Co ranks #824 out of 1193 companies for Net-Net Working Capital. This places Powertech Industrial Co in the lower half of its industry. 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 1,193 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 Powertech Industrial Co 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. Powertech Industrial Co's current Net-Net Working Capital is NT$1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Powertech Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Powertech Industrial Co (TPE:3296) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$20.45, compared to a current price of NT$23.10 — trading 13% above its estimated fair value. The current Net-Net Working Capital is NT$1.28. Powertech Industrial Co's overall GF Score™ is 65/100 with 3 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 Powertech Industrial Co (TPE:3296), the current Net-Net Working Capital is NT$1.28 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 Powertech Industrial Co (TPE:3296) Overvalued in 2026?
Based on GuruFocus' analysis, Powertech Industrial Co stock appears to be overvalued.
The current stock price of NT$23.10 is trading 13% above its estimated GF Value™ of NT$20.45.
GuruFocus considers Powertech Industrial Co to be Modestly Overvalued.
Key valuation signals for TPE:3296:
Net-Net Working Capital: NT$1.28
GF Value™: NT$20.45 vs. price of NT$23.10 (13% above fair value)
No single metric tells the full story. See the TPE:3296 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Powertech Industrial Co Ltd is engaged in the manufacturing of electronic circuit power protection devices, smart home wireless remote control devices, wired and wireless communication equipment, and electronic modules and parts, and in international trade. Geographically, the company operates in United States; Asia; and Europe, of which it generates maximum revenue from United States. The Operating segments are: Operating Center and Manufacturing center. The operating center mainly includes the research and development unit, business unit, and other management units of the Company. The manufacturing center mainly includes the production unit, production-related supporting unit, and Mainland China domestic unit, and Vietnam factory.
65GF 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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