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West HoldingsTSE:1407 -1.90%73 Net-Net Working Capital is 円-1,285.97 as of Feb. 2026. GuruFocus rates TSE:1407 with a GF Score™ of 73/100 and a GF Value™ of 円2,615.88 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 60 Utilities - Independent Power Producers companies, West Holdings ranks worse than 1666665% on this metric.
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.
West Holdings's Net-Net Working Capital for the quarter that ended in Feb. 2026 was 円-1,285.97.
The industry rank for West Holdings's Net-Net Working Capital or its related term are showing as below:
TSE:1407's Price-to-Net-Net-Working-Capital is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 5.36 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
West Holdings (TSE:1407) 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.
West Holdings Net-Net Working Capital Related Terms
West Holdings Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for West Holdings'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.
West Holdings Net-Net Working Capital Competitor Comparison
For the Utilities - Renewable subindustry, West Holdings'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.
West Holdings Price-to-Net-Net-Working-Capital vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, West Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where West Holdings'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 円-1,285.97 mean?
West Holdings (TSE:1407) has a Net-Net Working Capital of 円-1,285.97 as of Feb. 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 West Holdings According to the industry distribution chart, West Holdings ranks #999999 out of 60 companies in the Utilities - Independent Power Producers industry.
Is West Holdings' Net-Net Working Capital too high?
West Holdings' current Net-Net Working Capital is 円-1,285.97. Based on the distribution chart, West Holdings ranks #999999 out of 60 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, West Holdings has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does West Holdings' Net-Net Working Capital compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, West Holdings ranks #999999 out of 60 companies for Net-Net Working Capital. This places West Holdings in the lower half of its industry. The industry median Net-Net Working Capital is 5.36. 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 an Utilities - Independent Power Producers company?
The median Net-Net Working Capital among Utilities - Independent Power Producers companies is 5.36, based on 60 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 West Holdings For the Utilities - Independent Power Producers industry, the median Net-Net Working Capital is 5.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. West Holdings's current Net-Net Working Capital is 円-1,285.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West Holdings stock overvalued right now?
Based on GuruFocus' analysis, West Holdings (TSE:1407) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,615.88, compared to a current price of 円2,220.00 — trading 15.1% below its estimated fair value. The current Net-Net Working Capital is 円-1,285.97. West Holdings' overall GF Score™ is 73/100 with 4 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 West Holdings (TSE:1407), the current Net-Net Working Capital is 円-1,285.97 as of Feb. 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 West Holdings (TSE:1407) Overvalued in 2026?
Based on GuruFocus' analysis, West Holdings stock appears to be undervalued.
The current stock price of 円2,220.00 is trading 15.1% below its estimated GF Value™ of 円2,615.88.
GuruFocus considers West Holdings to be Modestly Undervalued.
Key valuation signals for TSE:1407:
Net-Net Working Capital: 円-1,285.97
GF Value™: 円2,615.88 vs. price of 円2,220.00 (15.1% below fair value)
No single metric tells the full story. See the TSE:1407 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
West Holdings Corp is engaged in the solar power generation. The company generates solar power for municipalities, residential and industrial use. Its business activities are divided into different divisions including Stadtberg business, Solar power generation for municipalities, special high-pressure solar power generation, Industrial solar power generation, Residential solar power generation, O & M (operation and management), Sales of electricity and Esco Business. Stadtberg division provides consulting and operation support for infrastructure services centered on renewable energy. O & M division monitors the photovoltaic power plant and maintains the maximum amount of power generation. Its Esco division provides various energy-saving measures.
73GF Score
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