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Uniform Next CoTSE:3566 +0.13%92 Net-Net Working Capital is 円134.52 as of Jun. 2026. GuruFocus rates TSE:3566 with a GF Score™ of 92/100 and a GF Value™ of 円560.62 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 325 Retail - Cyclical companies, Uniform Next Co ranks better than 52.62% 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.
Uniform Next Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was 円134.52.
The industry rank for Uniform Next Co's Net-Net Working Capital or its related term are showing as below:
TSE:3566's Price-to-Net-Net-Working-Capital is ranked better than 52.62% of 325
companies
in the Retail - Cyclical industry
Industry Median: 6.35
vs TSE:3566: 5.72
Uniform Next Co (TSE:3566) 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.
Uniform Next Co Net-Net Working Capital Related Terms
Uniform Next Co Net-Net Working Capital Historical Data
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The historical data trend for Uniform Next 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:3566 vs TJX, ROST, BURL: Net-Net Working Capital Comparison
For the Apparel Retail subindustry, Uniform Next 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.
Uniform Next Co Price-to-Net-Net-Working-Capital vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Uniform Next Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Uniform Next 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134.52 mean?
Uniform Next Co (TSE:3566) has a Net-Net Working Capital of 円134.52 as of Jun. 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 Uniform Next Co According to the industry distribution chart, Uniform Next Co ranks #154 out of 325 companies in the Retail - Cyclical industry, placing it in the top 47.4%.
Is Uniform Next Co's Net-Net Working Capital too high?
Uniform Next Co's current Net-Net Working Capital is 円134.52. Based on the distribution chart, Uniform Next Co ranks #154 out of 325 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Uniform Next Co has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Uniform Next Co's Net-Net Working Capital compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Uniform Next Co ranks #154 out of 325 companies for Net-Net Working Capital. This puts Uniform Next Co in the upper half of its industry. The industry median Net-Net Working Capital is 6.35. 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 - Cyclical company?
The median Net-Net Working Capital among Retail - Cyclical companies is 6.35, based on 325 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 Uniform Next Co For the Retail - Cyclical industry, the median Net-Net Working Capital is 6.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Uniform Next Co's current Net-Net Working Capital is 円134.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Uniform Next Co stock overvalued right now?
Based on GuruFocus' analysis, Uniform Next Co (TSE:3566) is currently considered Significantly Overvalued. The stock's GF Value™ is 円560.62, compared to a current price of 円769.00 — trading 37.2% above its estimated fair value. The current Net-Net Working Capital is 円134.52. Uniform Next Co's overall GF Score™ is 92/100 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 Uniform Next Co (TSE:3566), the current Net-Net Working Capital is 円134.52 as of Jun. 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 Uniform Next Co (TSE:3566) Overvalued in 2026?
Based on GuruFocus' analysis, Uniform Next Co stock appears to be overvalued.
The current stock price of 円769.00 is trading 37.2% above its estimated GF Value™ of 円560.62.
GuruFocus considers Uniform Next Co to be Significantly Overvalued.
Key valuation signals for TSE:3566:
Net-Net Working Capital: 円134.52
GF Value™: 円560.62 vs. price of 円769.00 (37.2% above fair value)
No single metric tells the full story. See the TSE:3566 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Uniform Next Co Ltd is engaged in the retail sale of apparel. Its products include business uniforms for catering, office, and clinics. It is widely patronized by chain stores, companies, schools, and individual customers. The Company operates in a single segment, the uniform sales business.
92GF Score
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