Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 Nohyaku Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円113.53.
The industry rank for Nihon Nohyaku Co's Net-Net Working Capital or its related term are showing as below:
TSE:4997's Price-to-Net-Net-Working-Capital is ranked worse than 67.9% of 81
companies
in the Agriculture industry
Industry Median: 9.69
vs TSE:4997: 14.84
Nihon Nohyaku Co (TSE:4997) 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 Nohyaku Co Net-Net Working Capital Related Terms
Nihon Nohyaku Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Nihon Nohyaku 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:4997 vs CTVA, CF, MOS: Net-Net Working Capital Comparison
For the Agricultural Inputs subindustry, Nihon Nohyaku 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 Nohyaku Co Price-to-Net-Net-Working-Capital vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Nihon Nohyaku Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Nihon Nohyaku 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113.53 mean?
Nihon Nohyaku Co (TSE:4997) has a Net-Net Working Capital of 円113.53 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 Nohyaku Co According to the industry distribution chart, Nihon Nohyaku Co ranks #55 out of 81 companies in the Agriculture industry, placing it in the top 67.9%.
Is Nihon Nohyaku Co's Net-Net Working Capital too high?
Nihon Nohyaku Co's current Net-Net Working Capital is 円113.53. Based on the distribution chart, Nihon Nohyaku Co ranks #55 out of 81 companies in the Agriculture industry, which is below the industry midpoint. Overall, Nihon Nohyaku Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Nohyaku Co's Net-Net Working Capital compare to CTVA and CF?
According to the Agriculture industry distribution chart, Nihon Nohyaku Co ranks #55 out of 81 companies for Net-Net Working Capital. This places Nihon Nohyaku Co in the lower half of its industry. The industry median Net-Net Working Capital is 9.69. 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 Agriculture company?
The median Net-Net Working Capital among Agriculture companies is 9.69, based on 81 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 Nohyaku Co For the Agriculture industry, the median Net-Net Working Capital is 9.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Nohyaku Co's current Net-Net Working Capital is 円113.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Nohyaku Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Nohyaku Co (TSE:4997) is currently considered Significantly Overvalued. The stock's GF Value™ is 円827.27, compared to a current price of 円1,158.00 — trading 40% above its estimated fair value. The current Net-Net Working Capital is 円113.53. Nihon Nohyaku Co's overall GF Score™ is 64/100 with 1 warning sign 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 Nohyaku Co (TSE:4997), the current Net-Net Working Capital is 円113.53 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 Nohyaku Co (TSE:4997) Overvalued in 2026?
Based on GuruFocus' analysis, Nihon Nohyaku Co stock appears to be overvalued.
The current stock price of 円1,158.00 is trading 40% above its estimated GF Value™ of 円827.27.
GuruFocus considers Nihon Nohyaku Co to be Significantly Overvalued.
Key valuation signals for TSE:4997:
Net-Net Working Capital: 円113.53
GF Value™: 円827.27 vs. price of 円1,158.00 (40% above fair value)
No single metric tells the full story. See the TSE:4997 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nihon Nohyaku Co Ltd is engaged in agrochemicals. The company's products are divided into four business divisions Agrochemicals, Agricultural materials, Pharmaceuticals and veterinary products, and Wood preservative. The agrochemicals manufacture and sells crop-protection chemicals, including fungicides, insecticides, herbicides, and miticides. The agricultural materials division sells home gardening and termite protection products, and Pharmaceuticals and veterinary the company branched off from its toxicological research on FUJI-ONE to develop and put on the market KANTEC. It is a product designed to improve liver protein metabolism.
64GF Score
Get the complete analysis for TSE:4997
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:4997 has been successfully added to your 
