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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.
Aisan Technology Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円591.02.
The industry rank for Aisan Technology Co's Net-Net Working Capital or its related term are showing as below:
TSE:4667's Price-to-Net-Net-Working-Capital is ranked better than 66.18% of 1227
companies
in the Software industry
Industry Median: 7.11
vs TSE:4667: 5.37
Aisan Technology Co (TSE:4667) 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.
Aisan Technology Co Net-Net Working Capital Related Terms
Aisan Technology Co Net-Net Working Capital Historical Data
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The historical data trend for Aisan Technology 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:4667 vs MSFT, PLTR, ORCL: Net-Net Working Capital Comparison
For the Software - Infrastructure subindustry, Aisan Technology 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.
Aisan Technology Co Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Aisan Technology Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Aisan Technology 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591.02 mean?
Aisan Technology Co (TSE:4667) has a Net-Net Working Capital of 円591.02 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 Aisan Technology Co According to the industry distribution chart, Aisan Technology Co ranks #415 out of 1227 companies in the Software industry, placing it in the top 33.8%.
Is Aisan Technology Co's Net-Net Working Capital too high?
Aisan Technology Co's current Net-Net Working Capital is 円591.02. Based on the distribution chart, Aisan Technology Co ranks #415 out of 1227 companies in the Software industry, which is above the industry midpoint. Overall, Aisan Technology Co has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aisan Technology Co's Net-Net Working Capital compare to MSFT and PLTR?
According to the Software industry distribution chart, Aisan Technology Co ranks #415 out of 1227 companies for Net-Net Working Capital. This puts Aisan Technology Co in the upper half of its industry. The industry median Net-Net Working Capital is 7.11. 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 7.11, based on 1,227 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 Aisan Technology Co For the Software industry, the median Net-Net Working Capital is 7.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aisan Technology Co's current Net-Net Working Capital is 円591.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aisan Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Aisan Technology Co (TSE:4667) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,503.60, compared to a current price of 円3,670.00 — trading 46.6% above its estimated fair value. The current Net-Net Working Capital is 円591.02. Aisan Technology Co's overall GF Score™ is 84/100 with 3 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 Aisan Technology Co (TSE:4667), the current Net-Net Working Capital is 円591.02 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 Aisan Technology Co (TSE:4667) Overvalued in 2026?
Based on GuruFocus' analysis, Aisan Technology Co stock appears to be overvalued.
The current stock price of 円3,670.00 is trading 46.6% above its estimated GF Value™ of 円2,503.60.
GuruFocus considers Aisan Technology Co to be Significantly Overvalued.
Key valuation signals for TSE:4667:
Net-Net Working Capital: 円591.02
GF Value™: 円2,503.60 vs. price of 円3,670.00 (46.6% above fair value)
No single metric tells the full story. See the TSE:4667 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aisan Technology Co Ltd designs, develops sells and maintains CAD systems for surveying, civil engineering, construction surveying & public registration. The company also provides services like a Geodetic solution, Measuring instruments solution business, High precision 3D space information solution business, ITS solution business, Research and development activities, and others.
84GF 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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