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EPCO CoTSE:2311 65 Net-Net Working Capital is 円238.05 as of Jun. 2026. GuruFocus rates TSE:2311 with a GF Score™ of 65/100 and a GF Value™ of 円936.90 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 476 Construction companies, EPCO Co ranks better than 73.74% 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.
EPCO Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was 円238.05.
The industry rank for EPCO Co's Net-Net Working Capital or its related term are showing as below:
TSE:2311's Price-to-Net-Net-Working-Capital is ranked better than 73.74% of 476
companies
in the Construction industry
Industry Median: 6.515
vs TSE:2311: 3.28
EPCO Co (TSE:2311) 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.
EPCO Co Net-Net Working Capital Related Terms
EPCO Co Net-Net Working Capital Historical Data
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The historical data trend for EPCO 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.
TSE:2311 vs PWR, FIX, EME: Net-Net Working Capital Comparison
For the Engineering & Construction subindustry, EPCO 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.
EPCO Co Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, EPCO Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where EPCO 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238.05 mean?
EPCO Co (TSE:2311) has a Net-Net Working Capital of 円238.05 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 EPCO Co According to the industry distribution chart, EPCO Co ranks #125 out of 476 companies in the Construction industry, placing it in the top 26.3%.
Is EPCO Co's Net-Net Working Capital too high?
EPCO Co's current Net-Net Working Capital is 円238.05. Based on the distribution chart, EPCO Co ranks #125 out of 476 companies in the Construction industry, which is above the industry midpoint. Overall, EPCO Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EPCO Co's Net-Net Working Capital compare to PWR and FIX?
According to the Construction industry distribution chart, EPCO Co ranks #125 out of 476 companies for Net-Net Working Capital. This puts EPCO Co in the upper half of its industry. The industry median Net-Net Working Capital is 6.52. 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 6.52, 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 EPCO Co For the Construction industry, the median Net-Net Working Capital is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EPCO Co's current Net-Net Working Capital is 円238.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EPCO Co stock overvalued right now?
Based on GuruFocus' analysis, EPCO Co (TSE:2311) is currently considered Modestly Undervalued. The stock's GF Value™ is 円936.90, compared to a current price of 円784.00 — trading 16.3% below its estimated fair value. The current Net-Net Working Capital is 円238.05. EPCO Co's overall GF Score™ is 65/100 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 EPCO Co (TSE:2311), the current Net-Net Working Capital is 円238.05 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 EPCO Co (TSE:2311) Overvalued in 2026?
Based on GuruFocus' analysis, EPCO Co stock appears to be undervalued.
The current stock price of 円784.00 is trading 16.3% below its estimated GF Value™ of 円936.90.
GuruFocus considers EPCO Co to be Modestly Undervalued.
Key valuation signals for TSE:2311:
Net-Net Working Capital: 円238.05
GF Value™: 円936.90 vs. price of 円784.00 (16.3% below fair value)
No single metric tells the full story. See the TSE:2311 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EPCO Co Ltd is a design consulting company. Its core business activity is to provide design services and architectural design services. The company offers design services for residential areas in general, including the design of solar light and storage batteries, support for the net, zero, energy and house applications. In addition, it also provides water supply and drainage facility design and electrical facility design essential for housing.
65GF Score
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