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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 Bestec Power Electronics Co's Net-Net Working Capital or its related term are showing as below:
TPE:3308's Price-to-Net-Net-Working-Capital is ranked better than 77.29% of 1343
companies
in the Industrial Products industry
Industry Median: 8.13
vs TPE:3308: 3.56
Bestec Power Electronics Co (TPE:3308) 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.
Bestec Power Electronics Co Net-Net Working Capital Related Terms
Bestec Power Electronics Co 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.
Bestec Power Electronics Co Net-Net Working Capital Chart
TPE:3308 vs VRT, BE: Net-Net Working Capital Comparison
For the Electrical Equipment & Parts subindustry, Bestec Power Electronics 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.
Bestec Power Electronics Co Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Bestec Power Electronics Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Bestec Power Electronics 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$5.56 mean?
Bestec Power Electronics Co (TPE:3308) has a Net-Net Working Capital of NT$5.56 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 Bestec Power Electronics Co According to the industry distribution chart, Bestec Power Electronics Co ranks #305 out of 1343 companies in the Industrial Products industry, placing it in the top 22.7%.
Is Bestec Power Electronics Co's Net-Net Working Capital too high?
Bestec Power Electronics Co's current Net-Net Working Capital is NT$5.56. Based on the distribution chart, Bestec Power Electronics Co ranks #305 out of 1343 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Bestec Power Electronics Co has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bestec Power Electronics Co's Net-Net Working Capital compare to VRT and BE?
According to the Industrial Products industry distribution chart, Bestec Power Electronics Co ranks #305 out of 1343 companies for Net-Net Working Capital. This places Bestec Power Electronics Co in the top 23% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.13. 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 an Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 8.13, based on 1,343 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 Bestec Power Electronics Co For the Industrial Products industry, the median Net-Net Working Capital is 8.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bestec Power Electronics Co's current Net-Net Working Capital is NT$5.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bestec Power Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Bestec Power Electronics Co (TPE:3308) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$1.17, compared to a current price of NT$19.80 — trading 1592.3% above its estimated fair value. The current Net-Net Working Capital is NT$5.56. Bestec Power Electronics Co's overall GF Score™ is 48/100 with 8 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 Bestec Power Electronics Co (TPE:3308), the current Net-Net Working Capital is NT$5.56 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 Bestec Power Electronics Co (TPE:3308) Overvalued in 2026?
Based on GuruFocus' analysis, Bestec Power Electronics Co stock appears to be overvalued.
The current stock price of NT$19.80 is trading 1592.3% above its estimated GF Value™ of NT$1.17.
GuruFocus considers Bestec Power Electronics Co to be Significantly Overvalued.
Key valuation signals for TPE:3308:
Net-Net Working Capital: NT$5.56
GF Value™: NT$1.17 vs. price of NT$19.80 (1592.3% above fair value)
No single metric tells the full story. See the TPE:3308 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bestec Power Electronics Co Ltd is engaged in processing, manufacturing, and trading of products such as switching power supplies, IoT cloud server power supplies, wireless chargers, high-power, high-efficiency, high-density power supplies for gaming, and power converters. Its products include gogi Pet Soothing Water, Liande Bio-Extreme Water, drones, Power supply, Uninterruptible power supply system, charger, adapter, and Open Frame. Its segments include Product segment engaged in the production and domestic sales of power supplies, power converters, and bottled water, among others; and Other segment engaged in hotel operations or leasing activities. It derives the majority of revenue from Other segment.
48GF 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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