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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.
Daisue Construction Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円726.46.
The industry rank for Daisue Construction Co's Net-Net Working Capital or its related term are showing as below:
TSE:1814's Price-to-Net-Net-Working-Capital is ranked worse than 56.07% of 321
companies
in the Real Estate industry
Industry Median: 4.67
vs TSE:1814: 5.54
Daisue Construction Co (TSE:1814) 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.
Daisue Construction Co Net-Net Working Capital Related Terms
Daisue Construction Co Net-Net Working Capital Historical Data
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The historical data trend for Daisue Construction 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.
Daisue Construction Co Net-Net Working Capital Chart
Daisue Construction Co Net-Net Working Capital Competitor Comparison
For the Real Estate - Development subindustry, Daisue Construction 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.
Daisue Construction Co Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Daisue Construction Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Daisue Construction 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 円726.46 mean?
Daisue Construction Co (TSE:1814) has a Net-Net Working Capital of 円726.46 as of Mar. 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 Daisue Construction Co According to the industry distribution chart, Daisue Construction Co ranks #180 out of 321 companies in the Real Estate industry, placing it in the top 56.1%.
Is Daisue Construction Co's Net-Net Working Capital too high?
Daisue Construction Co's current Net-Net Working Capital is 円726.46. Based on the distribution chart, Daisue Construction Co ranks #180 out of 321 companies in the Real Estate industry, which is below the industry midpoint. Overall, Daisue Construction Co has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daisue Construction Co's Net-Net Working Capital compare to competitors?
According to the Real Estate industry distribution chart, Daisue Construction Co ranks #180 out of 321 companies for Net-Net Working Capital. This places Daisue Construction Co in the lower half of its industry. The industry median Net-Net Working Capital is 4.67. 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 Real Estate company?
The median Net-Net Working Capital among Real Estate companies is 4.67, based on 321 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 Daisue Construction Co For the Real Estate industry, the median Net-Net Working Capital is 4.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daisue Construction Co's current Net-Net Working Capital is 円726.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daisue Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Daisue Construction Co (TSE:1814) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,478.25, compared to a current price of 円3,605.00 — trading 45.5% above its estimated fair value. The current Net-Net Working Capital is 円726.46. Daisue Construction Co's overall GF Score™ is 71/100. 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 Daisue Construction Co (TSE:1814), the current Net-Net Working Capital is 円726.46 as of Mar. 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 Daisue Construction Co (TSE:1814) Overvalued in 2026?
Based on GuruFocus' analysis, Daisue Construction Co stock appears to be overvalued.
The current stock price of 円3,605.00 is trading 45.5% above its estimated GF Value™ of 円2,478.25.
GuruFocus considers Daisue Construction Co to be Significantly Overvalued.
Key valuation signals for TSE:1814:
Net-Net Working Capital: 円726.46
GF Value™: 円2,478.25 vs. price of 円3,605.00 (45.5% above fair value)
No single metric tells the full story. See the TSE:1814 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daisue Construction Co Ltd is a comprehensive construction company catering to the needs of its clients with quality construction, technology and advice in a wide range of fields, especially condominium construction. The group is involved in many types of construction, including condominiums, offices, logistics warehouses, factories, medical facilities, and buildings for weddings etc. In addition, it also provides repairs, extensions, and renovation services, and seismic diagnosis of existing buildings. Geographically, the group operates in Japan.
71GF 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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