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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.
Dai-Ichi Cutter Kogyo KK's Net-Net Working Capital for the quarter that ended in Jun. 2026 was 円691.23.
The industry rank for Dai-Ichi Cutter Kogyo KK's Net-Net Working Capital or its related term are showing as below:
TSE:1716's Price-to-Net-Net-Working-Capital is ranked better than 91.18% of 476
companies
in the Construction industry
Industry Median: 6.79
vs TSE:1716: 1.48
Dai-Ichi Cutter Kogyo KK (TSE:1716) 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.
Dai-Ichi Cutter Kogyo KK Net-Net Working Capital Related Terms
Dai-Ichi Cutter Kogyo KK Net-Net Working Capital Historical Data
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The historical data trend for Dai-Ichi Cutter Kogyo KK'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.
Dai-Ichi Cutter Kogyo KK Net-Net Working Capital Chart
TSE:1716 vs PWR, FIX, EME: Net-Net Working Capital Comparison
For the Engineering & Construction subindustry, Dai-Ichi Cutter Kogyo KK'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.
Dai-Ichi Cutter Kogyo KK Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, Dai-Ichi Cutter Kogyo KK's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Dai-Ichi Cutter Kogyo KK'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691.23 mean?
Dai-Ichi Cutter Kogyo KK (TSE:1716) has a Net-Net Working Capital of 円691.23 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 Dai-Ichi Cutter Kogyo KK According to the industry distribution chart, Dai-Ichi Cutter Kogyo KK ranks #42 out of 476 companies in the Construction industry, placing it in the top 8.8%.
Is Dai-Ichi Cutter Kogyo KK's Net-Net Working Capital too high?
Dai-Ichi Cutter Kogyo KK's current Net-Net Working Capital is 円691.23. Based on the distribution chart, Dai-Ichi Cutter Kogyo KK ranks #42 out of 476 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Dai-Ichi Cutter Kogyo KK has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dai-Ichi Cutter Kogyo KK's Net-Net Working Capital compare to PWR and FIX?
According to the Construction industry distribution chart, Dai-Ichi Cutter Kogyo KK ranks #42 out of 476 companies for Net-Net Working Capital. This places Dai-Ichi Cutter Kogyo KK in the top 9% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.79. 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 Construction company?
The median Net-Net Working Capital among Construction companies is 6.79, based on 476 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 Dai-Ichi Cutter Kogyo KK For the Construction industry, the median Net-Net Working Capital is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dai-Ichi Cutter Kogyo KK's current Net-Net Working Capital is 円691.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dai-Ichi Cutter Kogyo KK stock overvalued right now?
Based on GuruFocus' analysis, Dai-Ichi Cutter Kogyo KK (TSE:1716) is currently considered Fairly Valued. The stock's GF Value™ is 円1,350.70, compared to a current price of 円1,375.00 — trading 1.8% above its estimated fair value. The current Net-Net Working Capital is 円691.23. Dai-Ichi Cutter Kogyo KK's overall GF Score™ is 70/100 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 Dai-Ichi Cutter Kogyo KK (TSE:1716), the current Net-Net Working Capital is 円691.23 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 Dai-Ichi Cutter Kogyo KK (TSE:1716) Overvalued in 2026?
Based on GuruFocus' analysis, Dai-Ichi Cutter Kogyo KK stock appears to be overvalued.
The current stock price of 円1,375.00 is trading 1.8% above its estimated GF Value™ of 円1,350.70.
GuruFocus considers Dai-Ichi Cutter Kogyo KK to be Fairly Valued.
Key valuation signals for TSE:1716:
Net-Net Working Capital: 円691.23
GF Value™: 円1,350.70 vs. price of 円1,375.00 (1.8% above fair value)
No single metric tells the full story. See the TSE:1716 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dai-Ichi Cutter Kogyo KK operates in the construction industry. It performs cutting, drilling, and surface polishing works for asphalt and concrete infrastructures. It also provides washing works for production facilities. The company's business division includes Cutting and drilling work business, Building maintenance business, and Reuse and recycling business. The company generates the majority of its revenue from Cutting and drilling work business.
70GF 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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