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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.
Nichirin Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was 円1,123.55.
The industry rank for Nichirin Co's Net-Net Working Capital or its related term are showing as below:
TSE:5184's Price-to-Net-Net-Working-Capital is ranked better than 69.25% of 374
companies
in the Vehicles & Parts industry
Industry Median: 8.14
vs TSE:5184: 4.09
Nichirin Co (TSE:5184) 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.
Nichirin Co Net-Net Working Capital Related Terms
Nichirin Co Net-Net Working Capital Historical Data
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The historical data trend for Nichirin 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:5184 vs ORLY, AZO, GPC: Net-Net Working Capital Comparison
For the Auto Parts subindustry, Nichirin 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.
Nichirin Co Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Nichirin Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Nichirin 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1,123.55 mean?
Nichirin Co (TSE:5184) has a Net-Net Working Capital of 円1,123.55 as of Jun. 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 Nichirin Co According to the industry distribution chart, Nichirin Co ranks #115 out of 374 companies in the Vehicles & Parts industry, placing it in the top 30.7%.
Is Nichirin Co's Net-Net Working Capital too high?
Nichirin Co's current Net-Net Working Capital is 円1,123.55. Based on the distribution chart, Nichirin Co ranks #115 out of 374 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Nichirin Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nichirin Co's Net-Net Working Capital compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nichirin Co ranks #115 out of 374 companies for Net-Net Working Capital. This puts Nichirin Co in the upper half of its industry. The industry median Net-Net Working Capital is 8.14. 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 8.14, based on 374 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 Nichirin Co For the Vehicles & Parts industry, the median Net-Net Working Capital is 8.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nichirin Co's current Net-Net Working Capital is 円1,123.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichirin Co stock overvalued right now?
Based on GuruFocus' analysis, Nichirin Co (TSE:5184) is currently considered Fairly Valued. The stock's GF Value™ is 円4,165.31, compared to a current price of 円4,130.00 — trading 0.8% below its estimated fair value. The current Net-Net Working Capital is 円1,123.55. Nichirin Co's overall GF Score™ is 83/100 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 Nichirin Co (TSE:5184), the current Net-Net Working Capital is 円1,123.55 as of Jun. 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 Nichirin Co (TSE:5184) Overvalued in 2026?
Based on GuruFocus' analysis, Nichirin Co stock appears to be undervalued.
The current stock price of 円4,130.00 is trading 0.8% below its estimated GF Value™ of 円4,165.31.
GuruFocus considers Nichirin Co to be Fairly Valued.
Key valuation signals for TSE:5184:
Net-Net Working Capital: 円1,123.55
GF Value™: 円4,165.31 vs. price of 円4,130.00 (0.8% below fair value)
No single metric tells the full story. See the TSE:5184 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nichirin Co Ltd is engaged in the manufacturing and selling of automotive hoses, housing hoses, and related parts. The company's products are used in Automobile, Motorcycle, and Residential. Some of them are Brake Hose, Water Hose, Air Conditioning Hose, Power Steering Hose, among others.
83GF 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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