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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.
Ruentex Materials Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$-42.19.
The industry rank for Ruentex Materials Co's Net-Net Working Capital or its related term are showing as below:
TPE:8463's Price-to-Net-Net-Working-Capital is not ranked *
in the Building Materials industry.
Industry Median: 7.01 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Ruentex Materials Co (TPE:8463) 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.
Ruentex Materials Co Net-Net Working Capital Related Terms
Ruentex Materials Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Ruentex Materials Co'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.
Ruentex Materials Co Net-Net Working Capital Chart
TPE:8463 vs CRH, VMC, MLM: Net-Net Working Capital Comparison
For the Building Materials subindustry, Ruentex Materials 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.
Ruentex Materials Co Price-to-Net-Net-Working-Capital vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Ruentex Materials Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Ruentex Materials 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$-42.19 mean?
Ruentex Materials Co (TPE:8463) has a Net-Net Working Capital of NT$-42.19 as of Jun. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Ruentex Materials Co According to the industry distribution chart, Ruentex Materials Co ranks #999999 out of 103 companies in the Building Materials industry.
Is Ruentex Materials Co's Net-Net Working Capital too high?
Ruentex Materials Co's current Net-Net Working Capital is NT$-42.19. Based on the distribution chart, Ruentex Materials Co ranks #999999 out of 103 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Ruentex Materials Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ruentex Materials Co's Net-Net Working Capital compare to CRH and VMC?
According to the Building Materials industry distribution chart, Ruentex Materials Co ranks #999999 out of 103 companies for Net-Net Working Capital. This places Ruentex Materials Co in the lower half of its industry. The industry median Net-Net Working Capital is 7.01. 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 Building Materials company?
The median Net-Net Working Capital among Building Materials companies is 7.01, based on 103 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 Ruentex Materials Co For the Building Materials industry, the median Net-Net Working Capital is 7.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ruentex Materials Co's current Net-Net Working Capital is NT$-42.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ruentex Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Ruentex Materials Co (TPE:8463) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$27.62, compared to a current price of NT$21.25 — trading 23.1% below its estimated fair value. The current Net-Net Working Capital is NT$-42.19. Ruentex Materials Co's overall GF Score™ is 80/100 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 Ruentex Materials Co (TPE:8463), the current Net-Net Working Capital is NT$-42.19 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 Ruentex Materials Co (TPE:8463) Overvalued in 2026?
Based on GuruFocus' analysis, Ruentex Materials Co stock appears to be undervalued.
The current stock price of NT$21.25 is trading 23.1% below its estimated GF Value™ of NT$27.62.
GuruFocus considers Ruentex Materials Co to be Modestly Undervalued.
Key valuation signals for TPE:8463:
Net-Net Working Capital: NT$-42.19
GF Value™: NT$27.62 vs. price of NT$21.25 (23.1% below fair value)
No single metric tells the full story. See the TPE:8463 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ruentex Materials Co Ltd is engaged in the manufacturing and sale of semi-finished cement products. The company is also engaged in mining, manufacturing, and distribution of cement raw materials and mining and distribution of mineral ore, quarrying, building materials development, manufacture, and distribution, manufacture, and sale of clay used for wall primer, powder coating material, tile adhesive, self-leveling cement, and dry-mixed cement mortar applications The product portfolio of the company includes Portland blast furnace cement, Portland cement, Hearthstone powder. The company's revenue is mainly from three lines of business such as Cement business, Construction materials business, and Engineering and construction business.
80GF Score
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