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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.
The industry rank for Micro Silicon Electronics Co's Net-Net Working Capital or its related term are showing as below:
TPE:8162's Price-to-Net-Net-Working-Capital is not ranked *
in the Semiconductors industry.
Industry Median: 11.69 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Micro Silicon Electronics Co (TPE:8162) 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.
Micro Silicon Electronics Co Net-Net Working Capital Related Terms
Micro Silicon Electronics 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.
Micro Silicon Electronics Co Net-Net Working Capital Chart
TPE:8162 vs NVDA, AVGO, MU: Net-Net Working Capital Comparison
For the Semiconductors subindustry, Micro Silicon Electronics 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.
Micro Silicon Electronics Co Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Micro Silicon Electronics Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Micro Silicon Electronics 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$-8.09 mean?
Micro Silicon Electronics Co (TPE:8162) has a Net-Net Working Capital of NT$-8.09 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 Micro Silicon Electronics Co According to the industry distribution chart, Micro Silicon Electronics Co ranks #999999 out of 499 companies in the Semiconductors industry.
Is Micro Silicon Electronics Co's Net-Net Working Capital too high?
Micro Silicon Electronics Co's current Net-Net Working Capital is NT$-8.09. Based on the distribution chart, Micro Silicon Electronics Co ranks #999999 out of 499 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Micro Silicon Electronics Co has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Micro Silicon Electronics Co's Net-Net Working Capital compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Micro Silicon Electronics Co ranks #999999 out of 499 companies for Net-Net Working Capital. This places Micro Silicon Electronics Co in the lower half of its industry. The industry median Net-Net Working Capital is 11.69. 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 Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 11.69, based on 499 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 Micro Silicon Electronics Co For the Semiconductors industry, the median Net-Net Working Capital is 11.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micro Silicon Electronics Co's current Net-Net Working Capital is NT$-8.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micro Silicon Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Micro Silicon Electronics Co (TPE:8162) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$44.38, compared to a current price of NT$59.10 — trading 33.2% above its estimated fair value. The current Net-Net Working Capital is NT$-8.09. Micro Silicon Electronics Co's overall GF Score™ is 53/100 with 6 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 Micro Silicon Electronics Co (TPE:8162), the current Net-Net Working Capital is NT$-8.09 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 Micro Silicon Electronics Co (TPE:8162) Overvalued in 2026?
Based on GuruFocus' analysis, Micro Silicon Electronics Co stock appears to be overvalued.
The current stock price of NT$59.10 is trading 33.2% above its estimated GF Value™ of NT$44.38.
GuruFocus considers Micro Silicon Electronics Co to be Significantly Overvalued.
Key valuation signals for TPE:8162:
Net-Net Working Capital: NT$-8.09
GF Value™: NT$44.38 vs. price of NT$59.10 (33.2% above fair value)
No single metric tells the full story. See the TPE:8162 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Micro Silicon Electronics Co Ltd is mainly engaged in design, processing, testing, manufacturing and trading of various integrated circuits. The Company operates business only in a single industry. The company's products and services includes Semiconductor testing services, Wafer thinning services, Semiconductor packaging services. The company has presence in Taiwan, America, Asia, and Eurpoe. The company generates majority of revenue from Taiwan.
53GF Score
Get the complete analysis for TPE:8162
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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