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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.
Shinwa Wise Holdings Co's Net-Net Working Capital for the quarter that ended in Feb. 2026 was 円62.23.
The industry rank for Shinwa Wise Holdings Co's Net-Net Working Capital or its related term are showing as below:
TSE:2437's Price-to-Net-Net-Working-Capital is ranked worse than 100% of 20
companies
in the Personal Services industry
Industry Median: 3.82
vs TSE:2437: 963.08
Shinwa Wise Holdings Co (TSE:2437) 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.
Shinwa Wise Holdings Co Net-Net Working Capital Related Terms
Shinwa Wise Holdings Co Net-Net Working Capital Historical Data
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The historical data trend for Shinwa Wise 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.
Shinwa Wise Holdings Co Net-Net Working Capital Chart
TSE:2437 vs ROL, SCI, HRB: Net-Net Working Capital Comparison
For the Personal Services subindustry, Shinwa Wise 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.
Shinwa Wise Holdings Co Price-to-Net-Net-Working-Capital vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Shinwa Wise Holdings Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Shinwa Wise 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62.23 mean?
Shinwa Wise Holdings Co (TSE:2437) has a Net-Net Working Capital of 円62.23 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 Shinwa Wise Holdings Co According to the industry distribution chart, Shinwa Wise Holdings Co ranks #20 out of 20 companies in the Personal Services industry.
Is Shinwa Wise Holdings Co's Net-Net Working Capital too high?
Shinwa Wise Holdings Co's current Net-Net Working Capital is 円62.23. Based on the distribution chart, Shinwa Wise Holdings Co ranks #20 out of 20 companies in the Personal Services industry, which is in the bottom quartile relative to peers. Overall, Shinwa Wise Holdings Co has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shinwa Wise Holdings Co's Net-Net Working Capital compare to ROL and SCI?
According to the Personal Services industry distribution chart, Shinwa Wise Holdings Co ranks #20 out of 20 companies for Net-Net Working Capital. This places Shinwa Wise Holdings Co in the lower half of its industry. The industry median Net-Net Working Capital is 3.82. 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 Personal Services company?
The median Net-Net Working Capital among Personal Services companies is 3.82, based on 20 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 Shinwa Wise Holdings Co For the Personal Services industry, the median Net-Net Working Capital is 3.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinwa Wise Holdings Co's current Net-Net Working Capital is 円62.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinwa Wise Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Shinwa Wise Holdings Co (TSE:2437) is currently considered Significantly Overvalued. The stock's GF Value™ is 円235.30, compared to a current price of 円626.00 — trading 166% above its estimated fair value. The current Net-Net Working Capital is 円62.23. Shinwa Wise Holdings Co's overall GF Score™ is 36/100 with 2 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 Shinwa Wise Holdings Co (TSE:2437), the current Net-Net Working Capital is 円62.23 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 Shinwa Wise Holdings Co (TSE:2437) Overvalued in 2026?
Based on GuruFocus' analysis, Shinwa Wise Holdings Co stock appears to be overvalued.
The current stock price of 円626.00 is trading 166% above its estimated GF Value™ of 円235.30.
GuruFocus considers Shinwa Wise Holdings Co to be Significantly Overvalued.
Key valuation signals for TSE:2437:
Net-Net Working Capital: 円62.23
GF Value™: 円235.30 vs. price of 円626.00 (166% above fair value)
No single metric tells the full story. See the TSE:2437 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shinwa Wise Holdings Co Ltd is engaged in arranging & operating auctions and buying and selling antiques, consignment selling, export-import activities. Its auctions include the modern art auction, modern ceramics, auction, modern art PartII auction, other auctions such as post-war and contemporary art, wine, European decorative art. Its segments include: Art-related business; and Other businesses.
36GF 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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