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CNS CoTSE:4076 84 Net-Net Working Capital is 円939.49 as of Feb. 2026. GuruFocus rates TSE:4076 with a GF Score™ of 84/100 and a GF Value™ of 円1,870.57 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,226 Software companies, CNS Co ranks better than 90.13% 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.
CNS Co's Net-Net Working Capital for the quarter that ended in Feb. 2026 was 円939.49.
The industry rank for CNS Co's Net-Net Working Capital or its related term are showing as below:
TSE:4076's Price-to-Net-Net-Working-Capital is ranked better than 90.13% of 1226
companies
in the Software industry
Industry Median: 6.995
vs TSE:4076: 1.97
CNS Co (TSE:4076) 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.
CNS Co Net-Net Working Capital Related Terms
CNS Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for CNS 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:4076 vs IBM, ACN, FISV: Net-Net Working Capital Comparison
For the Information Technology Services subindustry, CNS 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.
CNS Co Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, CNS Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where CNS 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939.49 mean?
CNS Co (TSE:4076) has a Net-Net Working Capital of 円939.49 as of Feb. 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 CNS Co According to the industry distribution chart, CNS Co ranks #121 out of 1226 companies in the Software industry, placing it in the top 9.9%.
Is CNS Co's Net-Net Working Capital too high?
CNS Co's current Net-Net Working Capital is 円939.49. Based on the distribution chart, CNS Co ranks #121 out of 1226 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, CNS Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CNS Co's Net-Net Working Capital compare to IBM and ACN?
According to the Software industry distribution chart, CNS Co ranks #121 out of 1226 companies for Net-Net Working Capital. This places CNS Co in the top 10% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 7.00. 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 Software company?
The median Net-Net Working Capital among Software companies is 7.00, based on 1,226 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 CNS Co For the Software industry, the median Net-Net Working Capital is 7.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CNS Co's current Net-Net Working Capital is 円939.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CNS Co stock overvalued right now?
Based on GuruFocus' analysis, CNS Co (TSE:4076) is currently considered Fairly Valued. The stock's GF Value™ is 円1,870.57, compared to a current price of 円1,980.00 — trading 5.9% above its estimated fair value. The current Net-Net Working Capital is 円939.49. CNS Co's overall GF Score™ is 84/100 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 CNS Co (TSE:4076), the current Net-Net Working Capital is 円939.49 as of Feb. 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 CNS Co (TSE:4076) Overvalued in 2026?
Based on GuruFocus' analysis, CNS Co stock appears to be overvalued.
The current stock price of 円1,980.00 is trading 5.9% above its estimated GF Value™ of 円1,870.57.
GuruFocus considers CNS Co to be Fairly Valued.
Key valuation signals for TSE:4076:
Net-Net Working Capital: 円939.49
GF Value™: 円1,870.57 vs. price of 円1,980.00 (5.9% above fair value)
No single metric tells the full story. See the TSE:4076 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CNS Co Ltd is an information technology solutions company engaged in providing system engineering services. The company offers various solutions to its clients such as consulting services related to digital transformation, data analysis solutions, business system integration, and the implementation, construction, and operation of optimal system infrastructure.
84GF Score
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