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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:6951's Price-to-Net-Net-Working-Capital is not ranked *
in the Waste Management industry.
Industry Median: 6.2 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Chin Hsin Environ Engineering Co (TPE:6951) 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.
Chin Hsin Environ Engineering Co Net-Net Working Capital Related Terms
Chin Hsin Environ Engineering 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.
Chin Hsin Environ Engineering Co Net-Net Working Capital Chart
TPE:6951 vs WM, RSG, WCN: Net-Net Working Capital Comparison
For the Waste Management subindustry, Chin Hsin Environ Engineering 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.
Chin Hsin Environ Engineering Co Price-to-Net-Net-Working-Capital vs Waste Management Industry
For the Waste Management industry and Industrials sector, Chin Hsin Environ Engineering Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Chin Hsin Environ Engineering 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$-3.55 mean?
Chin Hsin Environ Engineering Co (TPE:6951) has a Net-Net Working Capital of NT$-3.55 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 Chin Hsin Environ Engineering Co According to the industry distribution chart, Chin Hsin Environ Engineering Co ranks #999999 out of 59 companies in the Waste Management industry.
Is Chin Hsin Environ Engineering Co's Net-Net Working Capital too high?
Chin Hsin Environ Engineering Co's current Net-Net Working Capital is NT$-3.55. Based on the distribution chart, Chin Hsin Environ Engineering Co ranks #999999 out of 59 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Chin Hsin Environ Engineering Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chin Hsin Environ Engineering Co's Net-Net Working Capital compare to WM and RSG?
According to the Waste Management industry distribution chart, Chin Hsin Environ Engineering Co ranks #999999 out of 59 companies for Net-Net Working Capital. This places Chin Hsin Environ Engineering Co in the lower half of its industry. The industry median Net-Net Working Capital is 6.20. 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 Waste Management company?
The median Net-Net Working Capital among Waste Management companies is 6.20, based on 59 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 Chin Hsin Environ Engineering Co For the Waste Management industry, the median Net-Net Working Capital is 6.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chin Hsin Environ Engineering Co's current Net-Net Working Capital is NT$-3.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chin Hsin Environ Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Chin Hsin Environ Engineering Co (TPE:6951) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$81.43, compared to a current price of NT$71.80 — trading 11.8% below its estimated fair value. The current Net-Net Working Capital is NT$-3.55. Chin Hsin Environ Engineering Co's overall GF Score™ is 76/100 with 3 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 Chin Hsin Environ Engineering Co (TPE:6951), the current Net-Net Working Capital is NT$-3.55 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 Chin Hsin Environ Engineering Co (TPE:6951) Overvalued in 2026?
Based on GuruFocus' analysis, Chin Hsin Environ Engineering Co stock appears to be undervalued.
The current stock price of NT$71.80 is trading 11.8% below its estimated GF Value™ of NT$81.43.
GuruFocus considers Chin Hsin Environ Engineering Co to be Modestly Undervalued.
Key valuation signals for TPE:6951:
Net-Net Working Capital: NT$-3.55
GF Value™: NT$81.43 vs. price of NT$71.80 (11.8% below fair value)
No single metric tells the full story. See the TPE:6951 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chin Hsin Environ Engineering Co Ltd offers the removal of general, hazardous industrial waste and biomedical waste produced by business institutions and medical institutions in Taiwan. It offers hazardous industrial waste and biomedical waste treatment for business institutions and medical institutions. The firm's segment comprises: Disposal Department, Treatment, Plastic-Wood Department, and Environmental Safety Department. The firm generates the majority of its revenue from the Disposal Department, which includes Medical Waste and Industrial Waste.
76GF 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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