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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 Space Shower Skiyaki Holdings's Net-Net Working Capital or its related term are showing as below:
TSE:4838's Price-to-Net-Net-Working-Capital is not ranked *
in the Media - Diversified industry.
Industry Median: 4.395 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Space Shower Skiyaki Holdings (TSE:4838) 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.
Space Shower Skiyaki Holdings Net-Net Working Capital Related Terms
Space Shower Skiyaki Holdings 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.
Space Shower Skiyaki Holdings Net-Net Working Capital Chart
TSE:4838 vs NXST: Net-Net Working Capital Comparison
For the Broadcasting subindustry, Space Shower Skiyaki Holdings'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.
Space Shower Skiyaki Holdings Price-to-Net-Net-Working-Capital vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Space Shower Skiyaki Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Space Shower Skiyaki Holdings'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8.24 mean?
Space Shower Skiyaki Holdings (TSE:4838) has a Net-Net Working Capital of 円8.24 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 Space Shower Skiyaki Holdings According to the industry distribution chart, Space Shower Skiyaki Holdings ranks #999999 out of 388 companies in the Media - Diversified industry.
Is Space Shower Skiyaki Holdings' Net-Net Working Capital too high?
Space Shower Skiyaki Holdings' current Net-Net Working Capital is 円8.24. Based on the distribution chart, Space Shower Skiyaki Holdings ranks #999999 out of 388 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Space Shower Skiyaki Holdings has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Space Shower Skiyaki Holdings' Net-Net Working Capital compare to NXST?
According to the Media - Diversified industry distribution chart, Space Shower Skiyaki Holdings ranks #999999 out of 388 companies for Net-Net Working Capital. This places Space Shower Skiyaki Holdings in the lower half of its industry. The industry median Net-Net Working Capital is 4.40. 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 Media - Diversified company?
The median Net-Net Working Capital among Media - Diversified companies is 4.40, based on 388 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 Space Shower Skiyaki Holdings For the Media - Diversified industry, the median Net-Net Working Capital is 4.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Shower Skiyaki Holdings's current Net-Net Working Capital is 円8.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Shower Skiyaki Holdings stock overvalued right now?
Based on GuruFocus' analysis, Space Shower Skiyaki Holdings (TSE:4838) is currently considered Significantly Overvalued. The stock's GF Value™ is 円389.83, compared to a current price of 円701.00 — trading 79.8% above its estimated fair value. The current Net-Net Working Capital is 円8.24. Space Shower Skiyaki Holdings' overall GF Score™ is 60/100 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 Space Shower Skiyaki Holdings (TSE:4838), the current Net-Net Working Capital is 円8.24 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 Space Shower Skiyaki Holdings (TSE:4838) Overvalued in 2026?
Based on GuruFocus' analysis, Space Shower Skiyaki Holdings stock appears to be overvalued.
The current stock price of 円701.00 is trading 79.8% above its estimated GF Value™ of 円389.83.
GuruFocus considers Space Shower Skiyaki Holdings to be Significantly Overvalued.
Key valuation signals for TSE:4838:
Net-Net Working Capital: 円8.24
GF Value™: 円389.83 vs. price of 円701.00 (79.8% above fair value)
No single metric tells the full story. See the TSE:4838 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Space Shower Skiyaki Holdings Inc Contents business, Solutions business company. The company brings together all of the knowledge within the group, including events, live music venues, artist management, labels and agents, pay-TV, on-demand, entertainment cafes, platforms, fan clubs, e-commerce and merchandising, alliances, distribution, and video production, to increase the added value of existing content through digital transformation and provide 360 degree solutions, thereby supporting the sustainable creative activities of artists and creators at each stage of their careers.
60GF Score
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