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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.
San Shing Fastech's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$7.88.
The industry rank for San Shing Fastech's Net-Net Working Capital or its related term are showing as below:
TPE:5007's Price-to-Net-Net-Working-Capital is ranked better than 55.23% of 1320
companies
in the Industrial Products industry
Industry Median: 8.42
vs TPE:5007: 7.16
San Shing Fastech (TPE:5007) 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.
San Shing Fastech Net-Net Working Capital Related Terms
San Shing Fastech Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for San Shing Fastech'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.
TPE:5007 vs SNA, RBC, LECO: Net-Net Working Capital Comparison
For the Tools & Accessories subindustry, San Shing Fastech'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.
San Shing Fastech Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, San Shing Fastech's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where San Shing Fastech'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$7.88 mean?
San Shing Fastech (TPE:5007) has a Net-Net Working Capital of NT$7.88 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 San Shing Fastech According to the industry distribution chart, San Shing Fastech ranks #591 out of 1320 companies in the Industrial Products industry, placing it in the top 44.8%.
Is San Shing Fastech's Net-Net Working Capital too high?
San Shing Fastech's current Net-Net Working Capital is NT$7.88. Based on the distribution chart, San Shing Fastech ranks #591 out of 1320 companies in the Industrial Products industry, which is above the industry midpoint. Overall, San Shing Fastech has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does San Shing Fastech's Net-Net Working Capital compare to SNA and RBC?
According to the Industrial Products industry distribution chart, San Shing Fastech ranks #591 out of 1320 companies for Net-Net Working Capital. This puts San Shing Fastech in the upper half of its industry. The industry median Net-Net Working Capital is 8.42. 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 8.42, based on 1,320 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 San Shing Fastech For the Industrial Products industry, the median Net-Net Working Capital is 8.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. San Shing Fastech's current Net-Net Working Capital is NT$7.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Shing Fastech stock overvalued right now?
Based on GuruFocus' analysis, San Shing Fastech (TPE:5007) is currently considered Fairly Valued. The stock's GF Value™ is NT$51.29, compared to a current price of NT$56.40 — trading 10% above its estimated fair value. The current Net-Net Working Capital is NT$7.88. San Shing Fastech's overall GF Score™ is 88/100 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 San Shing Fastech (TPE:5007), the current Net-Net Working Capital is NT$7.88 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 San Shing Fastech (TPE:5007) Overvalued in 2026?
Based on GuruFocus' analysis, San Shing Fastech stock appears to be overvalued.
The current stock price of NT$56.40 is trading 10% above its estimated GF Value™ of NT$51.29.
GuruFocus considers San Shing Fastech to be Fairly Valued.
Key valuation signals for TPE:5007:
Net-Net Working Capital: NT$7.88
GF Value™: NT$51.29 vs. price of NT$56.40 (10% above fair value)
No single metric tells the full story. See the TPE:5007 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
San Shing Fastech Corp is engaged in the manufacturing, processing, marketing, and export of bolts, nuts, steel wires, related machinery, machinery parts, and tools. Its products include nuts, bolts (screws), washers, wire, machinery, and tooling. The Company operates through the Fastener Segment, Machine / Tooling Segment, and Other Operation Segment. The Fastener Segment, which generates maximum revenue, focuses on manufacturing and marketing of bolts, nuts, and washers, processing of wires, and heat treatment. The Machine / Tooling Segment focuses on manufacturing and marketing of toolings and machines, while the Other Operation Segment focuses on marketing of wires, investments, and other financial income and expenditure activities.
88GF 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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