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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.
NISHIKAWA RUBBER Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円286.73.
The industry rank for NISHIKAWA RUBBER Co's Net-Net Working Capital or its related term are showing as below:
TSE:5161's Price-to-Net-Net-Working-Capital is ranked worse than 69.6% of 375
companies
in the Vehicles & Parts industry
Industry Median: 8.2
vs TSE:5161: 16.15
NISHIKAWA RUBBER Co (TSE:5161) 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.
NISHIKAWA RUBBER Co Net-Net Working Capital Related Terms
NISHIKAWA RUBBER Co Net-Net Working Capital Historical Data
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The historical data trend for NISHIKAWA RUBBER 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:5161 vs ORLY, AZO, GPC: Net-Net Working Capital Comparison
For the Auto Parts subindustry, NISHIKAWA RUBBER 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.
NISHIKAWA RUBBER Co Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, NISHIKAWA RUBBER Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where NISHIKAWA RUBBER 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286.73 mean?
NISHIKAWA RUBBER Co (TSE:5161) has a Net-Net Working Capital of 円286.73 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 NISHIKAWA RUBBER Co According to the industry distribution chart, NISHIKAWA RUBBER Co ranks #261 out of 375 companies in the Vehicles & Parts industry, placing it in the top 69.6%.
Is NISHIKAWA RUBBER Co's Net-Net Working Capital too high?
NISHIKAWA RUBBER Co's current Net-Net Working Capital is 円286.73. Based on the distribution chart, NISHIKAWA RUBBER Co ranks #261 out of 375 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, NISHIKAWA RUBBER Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NISHIKAWA RUBBER Co's Net-Net Working Capital compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, NISHIKAWA RUBBER Co ranks #261 out of 375 companies for Net-Net Working Capital. This places NISHIKAWA RUBBER Co in the lower half of its industry. The industry median Net-Net Working Capital is 8.20. 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 8.20, based on 375 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 NISHIKAWA RUBBER Co For the Vehicles & Parts industry, the median Net-Net Working Capital is 8.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NISHIKAWA RUBBER Co's current Net-Net Working Capital is 円286.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NISHIKAWA RUBBER Co stock overvalued right now?
Based on GuruFocus' analysis, NISHIKAWA RUBBER Co (TSE:5161) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,178.74, compared to a current price of 円3,700.00 — trading 213.9% above its estimated fair value. The current Net-Net Working Capital is 円286.73. NISHIKAWA RUBBER Co's overall GF Score™ is 67/100 with 2 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 NISHIKAWA RUBBER Co (TSE:5161), the current Net-Net Working Capital is 円286.73 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 NISHIKAWA RUBBER Co (TSE:5161) Overvalued in 2026?
Based on GuruFocus' analysis, NISHIKAWA RUBBER Co stock appears to be overvalued.
The current stock price of 円3,700.00 is trading 213.9% above its estimated GF Value™ of 円1,178.74.
GuruFocus considers NISHIKAWA RUBBER Co to be Significantly Overvalued.
Key valuation signals for TSE:5161:
Net-Net Working Capital: 円286.73
GF Value™: 円1,178.74 vs. price of 円3,700.00 (213.9% above fair value)
No single metric tells the full story. See the TSE:5161 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NISHIKAWA RUBBER Co Ltd manufactures and sells rubber sealing products for automotive, housing, and civil engineering related products. It offers automotive-related products, such as glass runs, interior and exterior moldings, waist sealings, electrical equipment packing materials, and others; and housing-related products, including joint gaskets, backup seals, door seals, and other seals. The company also provides civil engineering-related products, including AN joint I, AN joint III, Excel joints, and ANB flexible joints for sewage works and water-swelling sponge applications. Its reportable segments are Japan, which derives the maximum revenue, North America, East Asia, and Southeast Asia.
67GF 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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