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Fujibo HoldingsTSE:3104 +0.60%82 Net-Net Working Capital is 円-32.76 as of Mar. 2026. GuruFocus rates TSE:3104 with a GF Score™ of 82/100 and a GF Value™ of 円2,191.99 (Significantly Overvalued). Among 374 Manufacturing - Apparel & Accessories companies, Fujibo Holdings ranks worse than 267379.41% 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.
Fujibo Holdings's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円-32.76.
The industry rank for Fujibo Holdings's Net-Net Working Capital or its related term are showing as below:
TSE:3104's Price-to-Net-Net-Working-Capital is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.665 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Fujibo Holdings (TSE:3104) 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.
Fujibo Holdings Net-Net Working Capital Related Terms
Fujibo Holdings Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Fujibo Holdings'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.
Fujibo Holdings Net-Net Working Capital Competitor Comparison
For the Textile Manufacturing subindustry, Fujibo Holdings'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.
Fujibo Holdings Price-to-Net-Net-Working-Capital vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fujibo Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Fujibo Holdings'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-32.76 mean?
Fujibo Holdings (TSE:3104) has a Net-Net Working Capital of 円-32.76 as of Mar. 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 Fujibo Holdings According to the industry distribution chart, Fujibo Holdings ranks #999999 out of 374 companies in the Manufacturing - Apparel & Accessories industry.
Is Fujibo Holdings' Net-Net Working Capital too high?
Fujibo Holdings' current Net-Net Working Capital is 円-32.76. Based on the distribution chart, Fujibo Holdings ranks #999999 out of 374 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Fujibo Holdings has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fujibo Holdings' Net-Net Working Capital compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Fujibo Holdings ranks #999999 out of 374 companies for Net-Net Working Capital. This places Fujibo Holdings in the lower half of its industry. The industry median Net-Net Working Capital is 5.67. 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 Manufacturing - Apparel & Accessories company?
The median Net-Net Working Capital among Manufacturing - Apparel & Accessories companies is 5.67, based on 374 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 Fujibo Holdings For the Manufacturing - Apparel & Accessories industry, the median Net-Net Working Capital is 5.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fujibo Holdings's current Net-Net Working Capital is 円-32.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujibo Holdings stock overvalued right now?
Based on GuruFocus' analysis, Fujibo Holdings (TSE:3104) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,191.99, compared to a current price of 円3,330.00 — trading 51.9% above its estimated fair value. The current Net-Net Working Capital is 円-32.76. Fujibo Holdings' overall GF Score™ is 82/100. 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 Fujibo Holdings (TSE:3104), the current Net-Net Working Capital is 円-32.76 as of Mar. 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 Fujibo Holdings (TSE:3104) Overvalued in 2026?
Based on GuruFocus' analysis, Fujibo Holdings stock appears to be overvalued.
The current stock price of 円3,330.00 is trading 51.9% above its estimated GF Value™ of 円2,191.99.
GuruFocus considers Fujibo Holdings to be Significantly Overvalued.
Key valuation signals for TSE:3104:
Net-Net Working Capital: 円-32.76
GF Value™: 円2,191.99 vs. price of 円3,330.00 (51.9% above fair value)
No single metric tells the full story. See the TSE:3104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fujibo Holdings Inc is a Japan-based abrasive product manufacturing company. It operates in four business divisions. Polishing pad business offers precision polishing of silicon wafers and all types of semiconductor materials, metal, and glass. Chemical industrial business is engaged in the production of raw materials for medicines, agricultural chemicals, electronic materials, and functional chemicals. The textile business manufactures special and functional synthetic fibers, including fibers with adhesive properties, luminous fibers, thermochromic yarn, and photochromic Yarn. Other businesses include the export of vehicles and automotive components, manufacturing, and sale of chemical products, and refining of used solvents.
82GF Score
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