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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.
Techno Alpha Co's Net-Net Working Capital for the quarter that ended in May. 2026 was 円432.13.
The industry rank for Techno Alpha Co's Net-Net Working Capital or its related term are showing as below:
TSE:3089's Price-to-Net-Net-Working-Capital is ranked better than 89.74% of 536
companies
in the Semiconductors industry
Industry Median: 11.775
vs TSE:3089: 2.59
Techno Alpha Co (TSE:3089) 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.
Techno Alpha Co Net-Net Working Capital Related Terms
Techno Alpha Co Net-Net Working Capital Historical Data
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The historical data trend for Techno Alpha 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:3089 vs AMAT, LRCX, KLAC: Net-Net Working Capital Comparison
For the Semiconductor Equipment & Materials subindustry, Techno Alpha 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.
Techno Alpha Co Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Techno Alpha Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Techno Alpha 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432.13 mean?
Techno Alpha Co (TSE:3089) has a Net-Net Working Capital of 円432.13 as of May. 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 Techno Alpha Co According to the industry distribution chart, Techno Alpha Co ranks #55 out of 536 companies in the Semiconductors industry, placing it in the top 10.3%.
Is Techno Alpha Co's Net-Net Working Capital too high?
Techno Alpha Co's current Net-Net Working Capital is 円432.13. Based on the distribution chart, Techno Alpha Co ranks #55 out of 536 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Techno Alpha Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Techno Alpha Co's Net-Net Working Capital compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Techno Alpha Co ranks #55 out of 536 companies for Net-Net Working Capital. This places Techno Alpha Co in the top 10% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 11.78. 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 Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 11.78, based on 536 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 Techno Alpha Co For the Semiconductors industry, the median Net-Net Working Capital is 11.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techno Alpha Co's current Net-Net Working Capital is 円432.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techno Alpha Co stock overvalued right now?
Based on GuruFocus' analysis, Techno Alpha Co (TSE:3089) is currently considered Fairly Valued. The stock's GF Value™ is 円1,156.68, compared to a current price of 円1,120.00 — trading 3.2% below its estimated fair value. The current Net-Net Working Capital is 円432.13. Techno Alpha Co's overall GF Score™ is 77/100 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 Techno Alpha Co (TSE:3089), the current Net-Net Working Capital is 円432.13 as of May. 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 Techno Alpha Co (TSE:3089) Overvalued in 2026?
Based on GuruFocus' analysis, Techno Alpha Co stock appears to be undervalued.
The current stock price of 円1,120.00 is trading 3.2% below its estimated GF Value™ of 円1,156.68.
GuruFocus considers Techno Alpha Co to be Fairly Valued.
Key valuation signals for TSE:3089:
Net-Net Working Capital: 円432.13
GF Value™: 円1,156.68 vs. price of 円1,120.00 (3.2% below fair value)
No single metric tells the full story. See the TSE:3089 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techno Alpha Co Ltd is engaged in the import and sale of semiconductor manufacturing equipment, electronic materials, environmental equipment, marine equipment, and other manufacturing and technical services of in-house developed products.
77GF 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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