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Jason CoTSE:3080 +0.37%65 Net-Net Working Capital is 円36.37 as of Feb. 2026. GuruFocus rates TSE:3080 with a GF Score™ of 65/100 and a GF Value™ of 円672.77 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 79 Retail - Defensive companies, Jason Co ranks worse than 83.54% 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.
Jason Co's Net-Net Working Capital for the quarter that ended in Feb. 2026 was 円36.37.
The industry rank for Jason Co's Net-Net Working Capital or its related term are showing as below:
TSE:3080's Price-to-Net-Net-Working-Capital is ranked worse than 83.54% of 79
companies
in the Retail - Defensive industry
Industry Median: 4.42
vs TSE:3080: 32.91
Jason Co (TSE:3080) 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.
Jason Co Net-Net Working Capital Related Terms
Jason Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Jason 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:3080 vs WMT, COST, TGT: Net-Net Working Capital Comparison
For the Discount Stores subindustry, Jason 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.
Jason Co Price-to-Net-Net-Working-Capital vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Jason Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Jason 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36.37 mean?
Jason Co (TSE:3080) has a Net-Net Working Capital of 円36.37 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 Jason Co According to the industry distribution chart, Jason Co ranks #66 out of 79 companies in the Retail - Defensive industry, placing it in the top 83.5%.
Is Jason Co's Net-Net Working Capital too high?
Jason Co's current Net-Net Working Capital is 円36.37. Based on the distribution chart, Jason Co ranks #66 out of 79 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Jason Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jason Co's Net-Net Working Capital compare to WMT and COST?
According to the Retail - Defensive industry distribution chart, Jason Co ranks #66 out of 79 companies for Net-Net Working Capital. This places Jason Co in the lower half of its industry. The industry median Net-Net Working Capital is 4.42. 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 a Retail - Defensive company?
The median Net-Net Working Capital among Retail - Defensive companies is 4.42, based on 79 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 Jason Co For the Retail - Defensive industry, the median Net-Net Working Capital is 4.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jason Co's current Net-Net Working Capital is 円36.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jason Co stock overvalued right now?
Based on GuruFocus' analysis, Jason Co (TSE:3080) is currently considered Modestly Overvalued. The stock's GF Value™ is 円672.77, compared to a current price of 円812.00 — trading 20.7% above its estimated fair value. The current Net-Net Working Capital is 円36.37. Jason Co's overall GF Score™ is 65/100 with 4 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 Jason Co (TSE:3080), the current Net-Net Working Capital is 円36.37 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 Jason Co (TSE:3080) Overvalued in 2026?
Based on GuruFocus' analysis, Jason Co stock appears to be overvalued.
The current stock price of 円812.00 is trading 20.7% above its estimated GF Value™ of 円672.77.
GuruFocus considers Jason Co to be Modestly Overvalued.
Key valuation signals for TSE:3080:
Net-Net Working Capital: 円36.37
GF Value™: 円672.77 vs. price of 円812.00 (20.7% above fair value)
No single metric tells the full story. See the TSE:3080 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jason Co Ltd is engaged in comprehensive retailing of household necessities. It operates discount stores. The company sells clothing and interior, household goods, foodstuffs in general, processed meat, general alcoholic beverages, stationery, pet supplies, baby supplies, cosmetics, watches, gardening products. Its subsidiaries are engaged in procurement of goods to supplement operations.
65GF Score
Get the complete analysis for TSE:3080
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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