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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 Great China Metal Industry Co's Net-Net Working Capital or its related term are showing as below:
TPE:9905's Price-to-Net-Net-Working-Capital is ranked better than 91.34% of 127
companies
in the Packaging & Containers industry
Industry Median: 6.01
vs TPE:9905: 1.47
Great China Metal Industry Co (TPE:9905) 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.
Great China Metal Industry Co Net-Net Working Capital Related Terms
Great China Metal Industry 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.
Great China Metal Industry Co Net-Net Working Capital Chart
TPE:9905 vs SW, PKG, IP: Net-Net Working Capital Comparison
For the Packaging & Containers subindustry, Great China Metal Industry 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.
Great China Metal Industry Co Price-to-Net-Net-Working-Capital vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Great China Metal Industry Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Great China Metal Industry 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$14.59 mean?
Great China Metal Industry Co (TPE:9905) has a Net-Net Working Capital of NT$14.59 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 Great China Metal Industry Co According to the industry distribution chart, Great China Metal Industry Co ranks #11 out of 127 companies in the Packaging & Containers industry, placing it in the top 8.7%.
Is Great China Metal Industry Co's Net-Net Working Capital too high?
Great China Metal Industry Co's current Net-Net Working Capital is NT$14.59. Based on the distribution chart, Great China Metal Industry Co ranks #11 out of 127 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Great China Metal Industry Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Great China Metal Industry Co's Net-Net Working Capital compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Great China Metal Industry Co ranks #11 out of 127 companies for Net-Net Working Capital. This places Great China Metal Industry Co in the top 9% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.01. 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 Packaging & Containers company?
The median Net-Net Working Capital among Packaging & Containers companies is 6.01, based on 127 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 Great China Metal Industry Co For the Packaging & Containers industry, the median Net-Net Working Capital is 6.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Great China Metal Industry Co's current Net-Net Working Capital is NT$14.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great China Metal Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Great China Metal Industry Co (TPE:9905) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$24.88, compared to a current price of NT$21.50 — trading 13.6% below its estimated fair value. The current Net-Net Working Capital is NT$14.59. Great China Metal Industry Co's overall GF Score™ is 86/100 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 Great China Metal Industry Co (TPE:9905), the current Net-Net Working Capital is NT$14.59 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 Great China Metal Industry Co (TPE:9905) Overvalued in 2026?
Based on GuruFocus' analysis, Great China Metal Industry Co stock appears to be undervalued.
The current stock price of NT$21.50 is trading 13.6% below its estimated GF Value™ of NT$24.88.
GuruFocus considers Great China Metal Industry Co to be Modestly Undervalued.
Key valuation signals for TPE:9905:
Net-Net Working Capital: NT$14.59
GF Value™: NT$24.88 vs. price of NT$21.50 (13.6% below fair value)
No single metric tells the full story. See the TPE:9905 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Great China Metal Industry Co Ltd crucial business of the Company is to provide printing services for metal, manufacturing and selling metal containers, other plastic products, and packing machines. The company's products includes Beer cans, Juice/soda cans, Tea/coffee cans, Canned food containers, Milk powder cans, Tea/cereal cans, Functional drink cans, Full-open/ eco- friendly Lids, Customized products.
86GF Score
Get the complete analysis for TPE:9905
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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