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Phoenix Tours InternationalTPE:5706 +0.66%70 Net-Net Working Capital is NT$-1.43 as of Jun. 2026. GuruFocus rates TPE:5706 with a GF Score™ of 70/100. The stock has 5 warning signs investors should review. Among 206 Travel & Leisure companies, Phoenix Tours International ranks worse than 485436.41% on this metric.
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 Phoenix Tours International's Net-Net Working Capital or its related term are showing as below:
TPE:5706's Price-to-Net-Net-Working-Capital is not ranked *
in the Travel & Leisure industry.
Industry Median: 6.325 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Phoenix Tours International (TPE:5706) 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.
Phoenix Tours International Net-Net Working Capital Related Terms
Phoenix Tours International 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.
Phoenix Tours International Net-Net Working Capital Chart
TPE:5706 vs BKNG, ABNB, RCL: Net-Net Working Capital Comparison
For the Travel Services subindustry, Phoenix Tours International'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.
Phoenix Tours International Price-to-Net-Net-Working-Capital vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Phoenix Tours International's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Phoenix Tours International'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$-1.43 mean?
Phoenix Tours International (TPE:5706) has a Net-Net Working Capital of NT$-1.43 as of Jun. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Phoenix Tours International According to the industry distribution chart, Phoenix Tours International ranks #999999 out of 206 companies in the Travel & Leisure industry.
Is Phoenix Tours International's Net-Net Working Capital too high?
Phoenix Tours International's current Net-Net Working Capital is NT$-1.43. Based on the distribution chart, Phoenix Tours International ranks #999999 out of 206 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Phoenix Tours International has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Phoenix Tours International's Net-Net Working Capital compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Phoenix Tours International ranks #999999 out of 206 companies for Net-Net Working Capital. This places Phoenix Tours International in the lower half of its industry. The industry median Net-Net Working Capital is 6.33. 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 Travel & Leisure company?
The median Net-Net Working Capital among Travel & Leisure companies is 6.33, based on 206 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 Phoenix Tours International For the Travel & Leisure industry, the median Net-Net Working Capital is 6.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phoenix Tours International's current Net-Net Working Capital is NT$-1.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phoenix Tours International stock overvalued right now?
Phoenix Tours International (TPE:5706) has a current Net-Net Working Capital of NT$-1.43. The current Net-Net Working Capital is NT$-1.43. Phoenix Tours International's overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Phoenix Tours International (TPE:5706), the current Net-Net Working Capital is NT$-1.43 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.
Phoenix Tours International Inc is a Taiwan-based company engaged in the tourism business. Its services include tour packages, independent travel groups, domestic and overseas sightseeing tours, meals and accommodation, and related services, providing tour guides to travelers both at home and abroad. The company also sells domestic and overseas transportation tickets as a commissioned agent, purchases domestic and overseas tickets on behalf of customers, check-in luggage, and processes entry-exit visa procedures on behalf of customers. The group has four reportable segments: Group Travel Department, Domestic Transportation Department, Air Passenger and Freight Forwarding Department, and Ticketing and other departments.
70GF Score
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