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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.
InnoCare Optoelectronics's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$12.22.
The industry rank for InnoCare Optoelectronics's Net-Net Working Capital or its related term are showing as below:
TPE:6861's Price-to-Net-Net-Working-Capital is ranked worse than 74.82% of 413
companies
in the Medical Devices & Instruments industry
Industry Median: 6.86
vs TPE:6861: 15.59
InnoCare Optoelectronics (TPE:6861) 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.
InnoCare Optoelectronics Net-Net Working Capital Related Terms
InnoCare Optoelectronics Net-Net Working Capital Historical Data
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The historical data trend for InnoCare Optoelectronics'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.
InnoCare Optoelectronics Net-Net Working Capital Chart
TPE:6861 vs ABT, SYK, MDT: Net-Net Working Capital Comparison
For the Medical Devices subindustry, InnoCare Optoelectronics'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.
InnoCare Optoelectronics Price-to-Net-Net-Working-Capital vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, InnoCare Optoelectronics's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where InnoCare Optoelectronics'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$12.22 mean?
InnoCare Optoelectronics (TPE:6861) has a Net-Net Working Capital of NT$12.22 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 InnoCare Optoelectronics According to the industry distribution chart, InnoCare Optoelectronics ranks #309 out of 413 companies in the Medical Devices & Instruments industry, placing it in the top 74.8%.
Is InnoCare Optoelectronics' Net-Net Working Capital too high?
InnoCare Optoelectronics' current Net-Net Working Capital is NT$12.22. Based on the distribution chart, InnoCare Optoelectronics ranks #309 out of 413 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, InnoCare Optoelectronics has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does InnoCare Optoelectronics' Net-Net Working Capital compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, InnoCare Optoelectronics ranks #309 out of 413 companies for Net-Net Working Capital. This places InnoCare Optoelectronics in the lower half of its industry. The industry median Net-Net Working Capital is 6.86. 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 Medical Devices & Instruments company?
The median Net-Net Working Capital among Medical Devices & Instruments companies is 6.86, based on 413 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 InnoCare Optoelectronics For the Medical Devices & Instruments industry, the median Net-Net Working Capital is 6.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. InnoCare Optoelectronics's current Net-Net Working Capital is NT$12.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is InnoCare Optoelectronics stock overvalued right now?
Based on GuruFocus' analysis, InnoCare Optoelectronics (TPE:6861) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$101.48, compared to a current price of NT$190.50 — trading 87.7% above its estimated fair value. The current Net-Net Working Capital is NT$12.22. InnoCare Optoelectronics' overall GF Score™ is 75/100 with 2 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 InnoCare Optoelectronics (TPE:6861), the current Net-Net Working Capital is NT$12.22 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 InnoCare Optoelectronics (TPE:6861) Overvalued in 2026?
Based on GuruFocus' analysis, InnoCare Optoelectronics stock appears to be overvalued.
The current stock price of NT$190.50 is trading 87.7% above its estimated GF Value™ of NT$101.48.
GuruFocus considers InnoCare Optoelectronics to be Significantly Overvalued.
Key valuation signals for TPE:6861:
Net-Net Working Capital: NT$12.22
GF Value™: NT$101.48 vs. price of NT$190.50 (87.7% above fair value)
No single metric tells the full story. See the TPE:6861 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
InnoCare Optoelectronics Corp is mainly engaged in the manufacturing and sale of optical instruments and medical equipment. Its products include X-Ray flat panel detector devices, X-Ray flat panel detector modules, and others.
75GF Score
Get the complete analysis for TPE:6861
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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