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KLabTSE:3656 +4.07%38 Net-Net Working Capital is 円32.22 as of Jun. 2026. GuruFocus rates TSE:3656 with a GF Score™ of 38/100 and a GF Value™ of 円77.85 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 289 Interactive Media companies, KLab ranks worse than 53.98% 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.
KLab's Net-Net Working Capital for the quarter that ended in Jun. 2026 was 円32.22.
The industry rank for KLab's Net-Net Working Capital or its related term are showing as below:
TSE:3656's Price-to-Net-Net-Working-Capital is ranked worse than 53.98% of 289
companies
in the Interactive Media industry
Industry Median: 5.03
vs TSE:3656: 5.56
KLab (TSE:3656) 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.
KLab Net-Net Working Capital Related Terms
KLab Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for KLab'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:3656 vs NTES, TTWO, RBLX: Net-Net Working Capital Comparison
For the Electronic Gaming & Multimedia subindustry, KLab'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.
KLab Price-to-Net-Net-Working-Capital vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, KLab's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where KLab'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32.22 mean?
KLab (TSE:3656) has a Net-Net Working Capital of 円32.22 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 KLab According to the industry distribution chart, KLab ranks #156 out of 289 companies in the Interactive Media industry, placing it in the top 54%.
Is KLab's Net-Net Working Capital too high?
KLab's current Net-Net Working Capital is 円32.22. Based on the distribution chart, KLab ranks #156 out of 289 companies in the Interactive Media industry, which is below the industry midpoint. Overall, KLab has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KLab's Net-Net Working Capital compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, KLab ranks #156 out of 289 companies for Net-Net Working Capital. This places KLab in the lower half of its industry. The industry median Net-Net Working Capital is 5.03. 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 an Interactive Media company?
The median Net-Net Working Capital among Interactive Media companies is 5.03, based on 289 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 KLab For the Interactive Media industry, the median Net-Net Working Capital is 5.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KLab's current Net-Net Working Capital is 円32.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KLab stock overvalued right now?
Based on GuruFocus' analysis, KLab (TSE:3656) is currently considered Significantly Overvalued. The stock's GF Value™ is 円77.85, compared to a current price of 円179.00 — trading 129.9% above its estimated fair value. The current Net-Net Working Capital is 円32.22. KLab's overall GF Score™ is 38/100 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 KLab (TSE:3656), the current Net-Net Working Capital is 円32.22 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 KLab (TSE:3656) Overvalued in 2026?
Based on GuruFocus' analysis, KLab stock appears to be overvalued.
The current stock price of 円179.00 is trading 129.9% above its estimated GF Value™ of 円77.85.
GuruFocus considers KLab to be Significantly Overvalued.
Key valuation signals for TSE:3656:
Net-Net Working Capital: 円32.22
GF Value™: 円77.85 vs. price of 円179.00 (129.9% above fair value)
No single metric tells the full story. See the TSE:3656 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KLab Inc is the Japan-based software company. The principal activities of the company are planning, developing, and operating online mobile games. The company's business is broadly divided into two areas - game business and other business. The game business is focused on designing and developing online mobile games. The other business is involved in designing, developing, and providing smartphone-related applications, services, and server infrastructures. The company has an operational presence across China, Singapore, Japan and the United States.
38GF Score
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