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ktkTSE:3035 +1.04%67 Net-Net Working Capital is 円52.46 as of Feb. 2026. GuruFocus rates TSE:3035 with a GF Score™ of 67/100 and a GF Value™ of 円655.44 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,320 Industrial Products companies, ktk ranks worse than 73.41% 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.
ktk's Net-Net Working Capital for the quarter that ended in Feb. 2026 was 円52.46.
The industry rank for ktk's Net-Net Working Capital or its related term are showing as below:
TSE:3035's Price-to-Net-Net-Working-Capital is ranked worse than 73.41% of 1320
companies
in the Industrial Products industry
Industry Median: 8.42
vs TSE:3035: 20.39
ktk (TSE:3035) 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.
ktk Net-Net Working Capital Related Terms
ktk Net-Net Working Capital Historical Data
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The historical data trend for ktk'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.
For the Business Equipment & Supplies subindustry, ktk'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.
ktk Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, ktk's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where ktk'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52.46 mean?
ktk (TSE:3035) has a Net-Net Working Capital of 円52.46 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 ktk According to the industry distribution chart, ktk ranks #969 out of 1320 companies in the Industrial Products industry, placing it in the top 73.4%.
Is ktk's Net-Net Working Capital too high?
ktk's current Net-Net Working Capital is 円52.46. Based on the distribution chart, ktk ranks #969 out of 1320 companies in the Industrial Products industry, which is below the industry midpoint. Overall, ktk has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ktk's Net-Net Working Capital compare to competitors?
According to the Industrial Products industry distribution chart, ktk ranks #969 out of 1320 companies for Net-Net Working Capital. This places ktk in the lower half of its industry. The industry median Net-Net Working Capital is 8.42. 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 an Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 8.42, based on 1,320 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 ktk For the Industrial Products industry, the median Net-Net Working Capital is 8.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ktk's current Net-Net Working Capital is 円52.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ktk stock overvalued right now?
Based on GuruFocus' analysis, ktk (TSE:3035) is currently considered Modestly Overvalued. The stock's GF Value™ is 円655.44, compared to a current price of 円776.00 — trading 18.4% above its estimated fair value. The current Net-Net Working Capital is 円52.46. ktk's overall GF Score™ is 67/100 with 1 warning sign 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 ktk (TSE:3035), the current Net-Net Working Capital is 円52.46 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 ktk (TSE:3035) Overvalued in 2026?
Based on GuruFocus' analysis, ktk stock appears to be overvalued.
The current stock price of 円776.00 is trading 18.4% above its estimated GF Value™ of 円655.44.
GuruFocus considers ktk to be Modestly Overvalued.
Key valuation signals for TSE:3035:
Net-Net Working Capital: 円52.46
GF Value™: 円655.44 vs. price of 円776.00 (18.4% above fair value)
No single metric tells the full story. See the TSE:3035 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ktk Inc is engaged in the business of sales of recycled products like repack toner, repack ribbon, expendable items, and stationery office supplies used for automation equipment like printing devices.
67GF Score
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