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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 Fukuta Electric & Machinery Co's Net-Net Working Capital or its related term are showing as below:
TPE:4590's Price-to-Net-Net-Working-Capital is ranked worse than 76.96% of 1315
companies
in the Industrial Products industry
Industry Median: 8.26
vs TPE:4590: 24.02
Fukuta Electric & Machinery Co (TPE:4590) 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.
Fukuta Electric & Machinery Co Net-Net Working Capital Related Terms
Fukuta Electric & Machinery 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.
Fukuta Electric & Machinery Co Net-Net Working Capital Chart
TPE:4590 vs GEV, ETN, PH: Net-Net Working Capital Comparison
For the Specialty Industrial Machinery subindustry, Fukuta Electric & Machinery 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.
Fukuta Electric & Machinery Co Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Fukuta Electric & Machinery Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Fukuta Electric & Machinery 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$3.73 mean?
Fukuta Electric & Machinery Co (TPE:4590) has a Net-Net Working Capital of NT$3.73 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 Fukuta Electric & Machinery Co According to the industry distribution chart, Fukuta Electric & Machinery Co ranks #1012 out of 1315 companies in the Industrial Products industry, placing it in the top 77%.
Is Fukuta Electric & Machinery Co's Net-Net Working Capital too high?
Fukuta Electric & Machinery Co's current Net-Net Working Capital is NT$3.73. Based on the distribution chart, Fukuta Electric & Machinery Co ranks #1012 out of 1315 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Fukuta Electric & Machinery Co has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Fukuta Electric & Machinery Co's Net-Net Working Capital compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Fukuta Electric & Machinery Co ranks #1012 out of 1315 companies for Net-Net Working Capital. This places Fukuta Electric & Machinery Co in the lower half of its industry. The industry median Net-Net Working Capital is 8.26. 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 8.26, based on 1,315 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 Fukuta Electric & Machinery Co For the Industrial Products industry, the median Net-Net Working Capital is 8.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fukuta Electric & Machinery Co's current Net-Net Working Capital is NT$3.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fukuta Electric & Machinery Co stock overvalued right now?
Fukuta Electric & Machinery Co (TPE:4590) has a current Net-Net Working Capital of NT$3.73. The current Net-Net Working Capital is NT$3.73. Fukuta Electric & Machinery Co's overall GF Score™ is 44/100 with 9 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 Fukuta Electric & Machinery Co (TPE:4590), the current Net-Net Working Capital is NT$3.73 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.
Fukuta Electric & Machinery Co Ltd is engaged in the research, development, design, manufacturing, and sale of various electric motors and power systems. Its products include AC three-phase induction motors (IEC), inverter motors, inverter duty motors, AC induction servo motors, synchronous motors, and others. The company operates in Taiwan, Japan, the USA, China, and other regions, with Japan generating the majority of its revenue.
44GF Score
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