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MitsuchiTSE:3439 +0.59%60 Net-Net Working Capital is 円322.92 as of Dec. 2025. GuruFocus rates TSE:3439 with a GF Score™ of 60/100 and a GF Value™ of 円782.59 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 373 Vehicles & Parts companies, Mitsuchi ranks better than 91.15% 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.
Mitsuchi's Net-Net Working Capital for the quarter that ended in Dec. 2025 was 円322.92.
The industry rank for Mitsuchi's Net-Net Working Capital or its related term are showing as below:
TSE:3439's Price-to-Net-Net-Working-Capital is ranked better than 91.15% of 373
companies
in the Vehicles & Parts industry
Industry Median: 8.44
vs TSE:3439: 1.48
Mitsuchi (TSE:3439) 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.
Mitsuchi Net-Net Working Capital Related Terms
Mitsuchi Net-Net Working Capital Historical Data
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The historical data trend for Mitsuchi'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:3439 vs ORLY, AZO, GPC: Net-Net Working Capital Comparison
For the Auto Parts subindustry, Mitsuchi'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.
Mitsuchi Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Mitsuchi's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Mitsuchi'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322.92 mean?
Mitsuchi (TSE:3439) has a Net-Net Working Capital of 円322.92 as of Dec. 2025. 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 Mitsuchi According to the industry distribution chart, Mitsuchi ranks #33 out of 373 companies in the Vehicles & Parts industry, placing it in the top 8.8%.
Is Mitsuchi's Net-Net Working Capital too high?
Mitsuchi's current Net-Net Working Capital is 円322.92. Based on the distribution chart, Mitsuchi ranks #33 out of 373 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Mitsuchi has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mitsuchi's Net-Net Working Capital compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Mitsuchi ranks #33 out of 373 companies for Net-Net Working Capital. This places Mitsuchi in the top 9% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.44. 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 Vehicles & Parts company?
The median Net-Net Working Capital among Vehicles & Parts companies is 8.44, based on 373 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 Mitsuchi For the Vehicles & Parts industry, the median Net-Net Working Capital is 8.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsuchi's current Net-Net Working Capital is 円322.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsuchi stock overvalued right now?
Based on GuruFocus' analysis, Mitsuchi (TSE:3439) is currently considered Modestly Undervalued. The stock's GF Value™ is 円782.59, compared to a current price of 円678.00 — trading 13.4% below its estimated fair value. The current Net-Net Working Capital is 円322.92. Mitsuchi's overall GF Score™ is 60/100 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 Mitsuchi (TSE:3439), the current Net-Net Working Capital is 円322.92 as of Dec. 2025. 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 Mitsuchi (TSE:3439) Overvalued in 2026?
Based on GuruFocus' analysis, Mitsuchi stock appears to be undervalued.
The current stock price of 円678.00 is trading 13.4% below its estimated GF Value™ of 円782.59.
GuruFocus considers Mitsuchi to be Modestly Undervalued.
Key valuation signals for TSE:3439:
Net-Net Working Capital: 円322.92
GF Value™: 円782.59 vs. price of 円678.00 (13.4% below fair value)
No single metric tells the full story. See the TSE:3439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mitsuchi Corp is engaged in the business of manufacturing and sale of automatic car parts in Japan. The products of the company include bushings, crimping rivets, and other spare parts in the shapes of square, hexagon, and oval.
60GF Score
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