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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.
TPE:6863's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 8.845 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Arizon RFID Technology (Cayman) Co (TPE:6863) 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.
Arizon RFID Technology (Cayman) Co Net-Net Working Capital Related Terms
Arizon RFID Technology (Cayman) 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.
Arizon RFID Technology (Cayman) Co Net-Net Working Capital Chart
TPE:6863 vs APH, GLW, TEL: Net-Net Working Capital Comparison
For the Electronic Components subindustry, Arizon RFID Technology (Cayman) 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.
Arizon RFID Technology (Cayman) Co Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Arizon RFID Technology (Cayman) Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Arizon RFID Technology (Cayman) 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$-4.82 mean?
Arizon RFID Technology (Cayman) Co (TPE:6863) has a Net-Net Working Capital of NT$-4.82 as of Mar. 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 Arizon RFID Technology (Cayman) Co According to the industry distribution chart, Arizon RFID Technology (Cayman) Co ranks #999999 out of 1178 companies in the Hardware industry.
Is Arizon RFID Technology (Cayman) Co's Net-Net Working Capital too high?
Arizon RFID Technology (Cayman) Co's current Net-Net Working Capital is NT$-4.82. Based on the distribution chart, Arizon RFID Technology (Cayman) Co ranks #999999 out of 1178 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Arizon RFID Technology (Cayman) Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Arizon RFID Technology (Cayman) Co's Net-Net Working Capital compare to APH and GLW?
According to the Hardware industry distribution chart, Arizon RFID Technology (Cayman) Co ranks #999999 out of 1178 companies for Net-Net Working Capital. This places Arizon RFID Technology (Cayman) Co in the lower half of its industry. The industry median Net-Net Working Capital is 8.85. 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 8.85, based on 1,178 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 Arizon RFID Technology (Cayman) Co For the Hardware industry, the median Net-Net Working Capital is 8.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arizon RFID Technology (Cayman) Co's current Net-Net Working Capital is NT$-4.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arizon RFID Technology (Cayman) Co stock overvalued right now?
Based on GuruFocus' analysis, Arizon RFID Technology (Cayman) Co (TPE:6863) is currently considered Possible Value Trap. The stock's GF Value™ is NT$256.07, compared to a current price of NT$113.50 — trading 55.7% below its estimated fair value. The current Net-Net Working Capital is NT$-4.82. Arizon RFID Technology (Cayman) Co's overall GF Score™ is 60/100 with 11 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 Arizon RFID Technology (Cayman) Co (TPE:6863), the current Net-Net Working Capital is NT$-4.82 as of Mar. 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 Arizon RFID Technology (Cayman) Co (TPE:6863) Overvalued in 2026?
Based on GuruFocus' analysis, Arizon RFID Technology (Cayman) Co stock appears to be undervalued.
The current stock price of NT$113.50 is trading 55.7% below its estimated GF Value™ of NT$256.07.
GuruFocus considers Arizon RFID Technology (Cayman) Co to be Possible Value Trap.
Key valuation signals for TPE:6863:
Net-Net Working Capital: NT$-4.82
GF Value™: NT$256.07 vs. price of NT$113.50 (55.7% below fair value)
No single metric tells the full story. See the TPE:6863 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arizon RFID Technology (Cayman) Co Ltd is engaged in the design, development, manufacture, and trading of radio-frequency identification (RFID) systems. Its products are RFID tags and ARC products. Its solutions include RFID Intelligent Forklift, RFID Supplier Material Management Platform, RFID Asset Management System, and RFID & ANPR Smart Parking System. Its products and solutions are used in various applications, including Fashion Retail, General Retail, Logistics, Food, Enterprise Documents Management, Medical, Beauty and Personal Care, Automobile and Tire, Aviation, Industrial Manufacturing, NFC, and Innovative Applications. Geographically, it operates in Taiwan, Mainland China, United States, and others, with the majority of revenue generated from Mainland China.
60GF 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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