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Tsuchiya Holdings CoTSE:1840 54 Net-Net Working Capital is 円-247.82 as of Apr. 2026. GuruFocus rates TSE:1840 with a GF Score™ of 54/100 and a GF Value™ of 円218.77 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 34 Homebuilding & Construction companies, Tsuchiya Holdings Co ranks worse than 2941173.53% 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.
Tsuchiya Holdings Co's Net-Net Working Capital for the quarter that ended in Apr. 2026 was 円-247.82.
The industry rank for Tsuchiya Holdings Co's Net-Net Working Capital or its related term are showing as below:
TSE:1840's Price-to-Net-Net-Working-Capital is not ranked *
in the Homebuilding & Construction industry.
Industry Median: 6.915 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Tsuchiya Holdings Co (TSE:1840) 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.
Tsuchiya Holdings Co Net-Net Working Capital Related Terms
Tsuchiya Holdings Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Tsuchiya Holdings 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.
Tsuchiya Holdings Co Net-Net Working Capital Chart
TSE:1840 vs DHI, PHM, LEN: Net-Net Working Capital Comparison
For the Residential Construction subindustry, Tsuchiya Holdings 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.
Tsuchiya Holdings Co Price-to-Net-Net-Working-Capital vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Tsuchiya Holdings Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Tsuchiya Holdings 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-247.82 mean?
Tsuchiya Holdings Co (TSE:1840) has a Net-Net Working Capital of 円-247.82 as of Apr. 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 Tsuchiya Holdings Co According to the industry distribution chart, Tsuchiya Holdings Co ranks #999999 out of 34 companies in the Homebuilding & Construction industry.
Is Tsuchiya Holdings Co's Net-Net Working Capital too high?
Tsuchiya Holdings Co's current Net-Net Working Capital is 円-247.82. Based on the distribution chart, Tsuchiya Holdings Co ranks #999999 out of 34 companies in the Homebuilding & Construction industry, which is in the bottom quartile relative to peers. Overall, Tsuchiya Holdings Co has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tsuchiya Holdings Co's Net-Net Working Capital compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Tsuchiya Holdings Co ranks #999999 out of 34 companies for Net-Net Working Capital. This places Tsuchiya Holdings Co in the lower half of its industry. The industry median Net-Net Working Capital is 6.92. 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 Homebuilding & Construction company?
The median Net-Net Working Capital among Homebuilding & Construction companies is 6.92, based on 34 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 Tsuchiya Holdings Co For the Homebuilding & Construction industry, the median Net-Net Working Capital is 6.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tsuchiya Holdings Co's current Net-Net Working Capital is 円-247.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsuchiya Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Tsuchiya Holdings Co (TSE:1840) is currently considered Modestly Overvalued. The stock's GF Value™ is 円218.77, compared to a current price of 円257.00 — trading 17.5% above its estimated fair value. The current Net-Net Working Capital is 円-247.82. Tsuchiya Holdings Co's overall GF Score™ is 54/100 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 Tsuchiya Holdings Co (TSE:1840), the current Net-Net Working Capital is 円-247.82 as of Apr. 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 Tsuchiya Holdings Co (TSE:1840) Overvalued in 2026?
Based on GuruFocus' analysis, Tsuchiya Holdings Co stock appears to be overvalued.
The current stock price of 円257.00 is trading 17.5% above its estimated GF Value™ of 円218.77.
GuruFocus considers Tsuchiya Holdings Co to be Modestly Overvalued.
Key valuation signals for TSE:1840:
Net-Net Working Capital: 円-247.82
GF Value™: 円218.77 vs. price of 円257.00 (17.5% above fair value)
No single metric tells the full story. See the TSE:1840 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tsuchiya Holdings Co Ltd is a Japan-based construction company. The company is mainly engaged in the design and construction of custom homes, expansion and remodeling business, real estate sales business, and renovation business. Other services offered by the company include property management for owners, support for building elderly facilities, vacant house and land management services.
54GF Score
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