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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.
Nihon Parkerizing Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円356.84.
The industry rank for Nihon Parkerizing Co's Net-Net Working Capital or its related term are showing as below:
TSE:4095's Price-to-Net-Net-Working-Capital is ranked better than 58.5% of 588
companies
in the Chemicals industry
Industry Median: 8.375
vs TSE:4095: 6.46
Nihon Parkerizing Co (TSE:4095) 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.
Nihon Parkerizing Co Net-Net Working Capital Related Terms
Nihon Parkerizing Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Nihon Parkerizing 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.
Nihon Parkerizing Co Net-Net Working Capital Chart
TSE:4095 vs LIN, SHW, ECL: Net-Net Working Capital Comparison
For the Specialty Chemicals subindustry, Nihon Parkerizing 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.
Nihon Parkerizing Co Price-to-Net-Net-Working-Capital vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nihon Parkerizing Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Nihon Parkerizing 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356.84 mean?
Nihon Parkerizing Co (TSE:4095) has a Net-Net Working Capital of 円356.84 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 Nihon Parkerizing Co According to the industry distribution chart, Nihon Parkerizing Co ranks #244 out of 588 companies in the Chemicals industry, placing it in the top 41.5%.
Is Nihon Parkerizing Co's Net-Net Working Capital too high?
Nihon Parkerizing Co's current Net-Net Working Capital is 円356.84. Based on the distribution chart, Nihon Parkerizing Co ranks #244 out of 588 companies in the Chemicals industry, which is above the industry midpoint. Overall, Nihon Parkerizing Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Parkerizing Co's Net-Net Working Capital compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nihon Parkerizing Co ranks #244 out of 588 companies for Net-Net Working Capital. This puts Nihon Parkerizing Co in the upper half of its industry. The industry median Net-Net Working Capital is 8.38. 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 Chemicals company?
The median Net-Net Working Capital among Chemicals companies is 8.38, based on 588 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 Nihon Parkerizing Co For the Chemicals industry, the median Net-Net Working Capital is 8.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Parkerizing Co's current Net-Net Working Capital is 円356.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Parkerizing Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Parkerizing Co (TSE:4095) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,466.92, compared to a current price of 円1,753.00 — trading 19.5% above its estimated fair value. The current Net-Net Working Capital is 円356.84. Nihon Parkerizing Co's overall GF Score™ is 76/100 with 5 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 Nihon Parkerizing Co (TSE:4095), the current Net-Net Working Capital is 円356.84 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 Nihon Parkerizing Co (TSE:4095) Overvalued in 2026?
Based on GuruFocus' analysis, Nihon Parkerizing Co stock appears to be overvalued.
The current stock price of 円1,753.00 is trading 19.5% above its estimated GF Value™ of 円1,466.92.
GuruFocus considers Nihon Parkerizing Co to be Modestly Overvalued.
Key valuation signals for TSE:4095:
Net-Net Working Capital: 円356.84
GF Value™: 円1,466.92 vs. price of 円1,753.00 (19.5% above fair value)
No single metric tells the full story. See the TSE:4095 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nihon Parkerizing Co Ltd is a Japan-based chemical company. It engages in the production and sale of metal surface treatment chemicals, corrosion prevention chemicals, industrial chemicals and paints. The company's business segments include Chemicals, Equipment, Jobbing, and Other which includes its building maintenance business, transportation business, and solar power generation business. The company generates the majority of its revenue from the Chemicals Business. The chemicals division manufactures and sells chemicals to form a conversion coating on the surface of metals and other substrates to improve their functionality by improving corrosion resistance, wear resistance, lubricity and other performances, thereby adding value to the substrate materials.
76GF Score
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