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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.
Tokyo Individualized Educational Institute (TSE:4745) 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.
Tokyo Individualized Educational Institute Net-Net Working Capital Related Terms
Tokyo Individualized Educational Institute 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.
Tokyo Individualized Educational Institute Net-Net Working Capital Chart
Tokyo Individualized Educational Institute Annual Data
TSE:4745 vs EDU, TAL, LAUR: Net-Net Working Capital Comparison
For the Education & Training Services subindustry, Tokyo Individualized Educational Institute'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.
Tokyo Individualized Educational Institute Price-to-Net-Net-Working-Capital vs Education Industry
For the Education industry and Consumer Defensive sector, Tokyo Individualized Educational Institute's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Tokyo Individualized Educational Institute'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74.68 mean?
Tokyo Individualized Educational Institute (TSE:4745) has a Net-Net Working Capital of 円74.68 as of Aug. 2025. 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 Tokyo Individualized Educational Institute
Is Tokyo Individualized Educational Institute's Net-Net Working Capital too high?
Tokyo Individualized Educational Institute's current Net-Net Working Capital is 円74.68. Overall, Tokyo Individualized Educational Institute has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Tokyo Individualized Educational Institute's Net-Net Working Capital compare to EDU and TAL?
Tokyo Individualized Educational Institute's Net-Net Working Capital of 円74.68 can be compared against companies in the Education industry. The industry median Net-Net Working Capital is 5.31. 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 Education company?
The median Net-Net Working Capital among Education companies is 5.31, based on 92 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 Tokyo Individualized Educational Institute For the Education industry, the median Net-Net Working Capital is 5.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Individualized Educational Institute's current Net-Net Working Capital is 円74.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Individualized Educational Institute stock overvalued right now?
Tokyo Individualized Educational Institute (TSE:4745) has a current Net-Net Working Capital of 円74.68. The stock's GF Value™ is 円467.68, compared to a current price of 円444.00 — trading 5.1% below its estimated fair value. The current Net-Net Working Capital is 円74.68. Tokyo Individualized Educational Institute's overall GF Score™ is 68/100 with 6 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 Tokyo Individualized Educational Institute (TSE:4745), the current Net-Net Working Capital is 円74.68 as of Aug. 2025. 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 Tokyo Individualized Educational Institute (TSE:4745) Overvalued in 2026?
Based on GuruFocus' analysis, Tokyo Individualized Educational Institute stock appears to be undervalued.
The current stock price of 円444.00 is trading 5.1% below its estimated GF Value™ of 円467.68.
Key valuation signals for TSE:4745:
Net-Net Working Capital: 円74.68
GF Value™: 円467.68 vs. price of 円444.00 (5.1% below fair value)
No single metric tells the full story. See the TSE:4745 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokyo Individualized Educational Institute Inc is a Japan based company engaged in providing educational services. It operates private preparatory schools; and provides semi-private tutorial services in Tokyo, Kansai, Tokai, and Kyushu areas.
68GF 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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