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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.
The industry rank for KODAMA CHEMICAL INDUSTRY Co's Net-Net Working Capital or its related term are showing as below:
TSE:4222's Price-to-Net-Net-Working-Capital is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.44 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
KODAMA CHEMICAL INDUSTRY Co (TSE:4222) 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.
KODAMA CHEMICAL INDUSTRY Co Net-Net Working Capital Related Terms
KODAMA CHEMICAL INDUSTRY Co Net-Net Working Capital Historical Data
* 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.
KODAMA CHEMICAL INDUSTRY Co Net-Net Working Capital Chart
TSE:4222 vs ORLY, AZO, GPC: Net-Net Working Capital Comparison
For the Auto Parts subindustry, KODAMA CHEMICAL INDUSTRY 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.
KODAMA CHEMICAL INDUSTRY Co Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, KODAMA CHEMICAL INDUSTRY Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where KODAMA CHEMICAL INDUSTRY 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-925.75 mean?
KODAMA CHEMICAL INDUSTRY Co (TSE:4222) has a Net-Net Working Capital of 円-925.75 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 KODAMA CHEMICAL INDUSTRY Co According to the industry distribution chart, KODAMA CHEMICAL INDUSTRY Co ranks #999999 out of 373 companies in the Vehicles & Parts industry.
Is KODAMA CHEMICAL INDUSTRY Co's Net-Net Working Capital too high?
KODAMA CHEMICAL INDUSTRY Co's current Net-Net Working Capital is 円-925.75. Based on the distribution chart, KODAMA CHEMICAL INDUSTRY Co ranks #999999 out of 373 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, KODAMA CHEMICAL INDUSTRY Co has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does KODAMA CHEMICAL INDUSTRY Co's Net-Net Working Capital compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, KODAMA CHEMICAL INDUSTRY Co ranks #999999 out of 373 companies for Net-Net Working Capital. This places KODAMA CHEMICAL INDUSTRY Co in the lower half of its industry. 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 KODAMA CHEMICAL INDUSTRY Co 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. KODAMA CHEMICAL INDUSTRY Co's current Net-Net Working Capital is 円-925.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KODAMA CHEMICAL INDUSTRY Co stock overvalued right now?
Based on GuruFocus' analysis, KODAMA CHEMICAL INDUSTRY Co (TSE:4222) is currently considered Possible Value Trap. The stock's GF Value™ is 円1,083.58, compared to a current price of 円705.00 — trading 34.9% below its estimated fair value. The current Net-Net Working Capital is 円-925.75. KODAMA CHEMICAL INDUSTRY Co's overall GF Score™ is 56/100 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 KODAMA CHEMICAL INDUSTRY Co (TSE:4222), the current Net-Net Working Capital is 円-925.75 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 KODAMA CHEMICAL INDUSTRY Co (TSE:4222) Overvalued in 2026?
Based on GuruFocus' analysis, KODAMA CHEMICAL INDUSTRY Co stock appears to be undervalued.
The current stock price of 円705.00 is trading 34.9% below its estimated GF Value™ of 円1,083.58.
GuruFocus considers KODAMA CHEMICAL INDUSTRY Co to be Possible Value Trap.
Key valuation signals for TSE:4222:
Net-Net Working Capital: 円-925.75
GF Value™: 円1,083.58 vs. price of 円705.00 (34.9% below fair value)
No single metric tells the full story. See the TSE:4222 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KODAMA CHEMICAL INDUSTRY Co Ltd is engaged in the production of moulded plastic products. It is organised into three principal operating segments - Auto Parts, Housing Facility / Cold Equipment Parts, and Entertainment business. The company supply automotive interior and exterior products such as various pillars, luggage trim, trunk trim, door trim, spoiler, fender cover, instrument panel, front spoiler and skirt to major automobile manufacturers. Its Housing Facility / Cold Equipment Parts division offers resin products such as toilet makeup cabinet, bathroom cabinet, bathroom panel, washing machine pan, and bathroom ceiling. The majority of its revenue is derived from the Auto Parts business.
56GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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