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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.
Radiant Opto-Electronics's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$28.73.
The industry rank for Radiant Opto-Electronics's Net-Net Working Capital or its related term are showing as below:
TPE:6176's Price-to-Net-Net-Working-Capital is ranked better than 78.46% of 1156
companies
in the Hardware industry
Industry Median: 8.945
vs TPE:6176: 3.24
Radiant Opto-Electronics (TPE:6176) 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.
Radiant Opto-Electronics Net-Net Working Capital Related Terms
Radiant Opto-Electronics Net-Net Working Capital Historical Data
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The historical data trend for Radiant Opto-Electronics'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.
Radiant Opto-Electronics Net-Net Working Capital Chart
TPE:6176 vs APH, GLW, TEL: Net-Net Working Capital Comparison
For the Electronic Components subindustry, Radiant Opto-Electronics'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.
Radiant Opto-Electronics Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Radiant Opto-Electronics's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Radiant Opto-Electronics'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$28.73 mean?
Radiant Opto-Electronics (TPE:6176) has a Net-Net Working Capital of NT$28.73 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 Radiant Opto-Electronics According to the industry distribution chart, Radiant Opto-Electronics ranks #249 out of 1156 companies in the Hardware industry, placing it in the top 21.5%.
Is Radiant Opto-Electronics' Net-Net Working Capital too high?
Radiant Opto-Electronics' current Net-Net Working Capital is NT$28.73. Based on the distribution chart, Radiant Opto-Electronics ranks #249 out of 1156 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Radiant Opto-Electronics has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Radiant Opto-Electronics' Net-Net Working Capital compare to APH and GLW?
According to the Hardware industry distribution chart, Radiant Opto-Electronics ranks #249 out of 1156 companies for Net-Net Working Capital. This places Radiant Opto-Electronics in the top 22% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.95. 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 8.95, based on 1,156 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 Radiant Opto-Electronics For the Hardware industry, the median Net-Net Working Capital is 8.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Radiant Opto-Electronics's current Net-Net Working Capital is NT$28.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Radiant Opto-Electronics stock overvalued right now?
Based on GuruFocus' analysis, Radiant Opto-Electronics (TPE:6176) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$179.46, compared to a current price of NT$93.10 — trading 48.1% below its estimated fair value. The current Net-Net Working Capital is NT$28.73. Radiant Opto-Electronics' overall GF Score™ is 75/100 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 Radiant Opto-Electronics (TPE:6176), the current Net-Net Working Capital is NT$28.73 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.
Is Radiant Opto-Electronics (TPE:6176) Overvalued in 2026?
Based on GuruFocus' analysis, Radiant Opto-Electronics stock appears to be undervalued.
The current stock price of NT$93.10 is trading 48.1% below its estimated GF Value™ of NT$179.46.
GuruFocus considers Radiant Opto-Electronics to be Significantly Undervalued.
Key valuation signals for TPE:6176:
Net-Net Working Capital: NT$28.73
GF Value™: NT$179.46 vs. price of NT$93.10 (48.1% below fair value)
No single metric tells the full story. See the TPE:6176 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Radiant Opto-Electronics Corp is a Taiwan-based company that is engaged in designing, manufacturing, assembling, and marketing backlight modules and light guide plates for liquid crystal display panels. The Group has three reportable segments: the domestic, Mainland China, and other operations segments. The domestic segment engages in the manufacture and sale of light guide plates, backlight modules for LCDs, and lighting components. The Mainland China segment, which generates key revenue, uses the technologies provided by the domestic segment to develop new designs of products according to the demands of various customers. Geographically, the majority of the revenue for the company is generated from Asia, and the rest from Europe and America.
75GF 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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