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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.
Mitani Sekisan Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円306.67.
The industry rank for Mitani Sekisan Co's Net-Net Working Capital or its related term are showing as below:
TSE:5273's Price-to-Net-Net-Working-Capital is ranked better than 61.97% of 476
companies
in the Construction industry
Industry Median: 6.515
vs TSE:5273: 4.80
Mitani Sekisan Co (TSE:5273) 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.
Mitani Sekisan Co Net-Net Working Capital Related Terms
Mitani Sekisan Co Net-Net Working Capital Historical Data
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The historical data trend for Mitani Sekisan 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:5273 vs TT, JCI, CARR: Net-Net Working Capital Comparison
For the Building Products & Equipment subindustry, Mitani Sekisan 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.
Mitani Sekisan Co Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, Mitani Sekisan Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Mitani Sekisan 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306.67 mean?
Mitani Sekisan Co (TSE:5273) has a Net-Net Working Capital of 円306.67 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 Mitani Sekisan Co According to the industry distribution chart, Mitani Sekisan Co ranks #181 out of 476 companies in the Construction industry, placing it in the top 38%.
Is Mitani Sekisan Co's Net-Net Working Capital too high?
Mitani Sekisan Co's current Net-Net Working Capital is 円306.67. Based on the distribution chart, Mitani Sekisan Co ranks #181 out of 476 companies in the Construction industry, which is above the industry midpoint. Overall, Mitani Sekisan Co has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mitani Sekisan Co's Net-Net Working Capital compare to TT and JCI?
According to the Construction industry distribution chart, Mitani Sekisan Co ranks #181 out of 476 companies for Net-Net Working Capital. This puts Mitani Sekisan Co in the upper half of its industry. The industry median Net-Net Working Capital is 6.52. 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 Construction company?
The median Net-Net Working Capital among Construction companies is 6.52, based on 476 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 Mitani Sekisan Co For the Construction industry, the median Net-Net Working Capital is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitani Sekisan Co's current Net-Net Working Capital is 円306.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitani Sekisan Co stock overvalued right now?
Based on GuruFocus' analysis, Mitani Sekisan Co (TSE:5273) is currently considered Fairly Valued. The stock's GF Value™ is 円1,828.89, compared to a current price of 円1,998.00 — trading 9.2% above its estimated fair value. The current Net-Net Working Capital is 円306.67. Mitani Sekisan Co's overall GF Score™ is 88/100 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 Mitani Sekisan Co (TSE:5273), the current Net-Net Working Capital is 円306.67 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 Mitani Sekisan Co (TSE:5273) Overvalued in 2026?
Based on GuruFocus' analysis, Mitani Sekisan Co stock appears to be overvalued.
The current stock price of 円1,998.00 is trading 9.2% above its estimated GF Value™ of 円1,828.89.
GuruFocus considers Mitani Sekisan Co to be Fairly Valued.
Key valuation signals for TSE:5273:
Net-Net Working Capital: 円306.67
GF Value™: 円1,828.89 vs. price of 円1,998.00 (9.2% above fair value)
No single metric tells the full story. See the TSE:5273 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mitani Sekisan Co Ltd is a Japanese company. It is engaged in the production and sales of concrete secondary products, manufacture, and sale of gravel products, foundation work, and rental for revetment. The company focuses on manufacturing gravel and stones which are used for civil engineering construction, railway tracking and pavement roadbed materials, raw concrete and various concrete secondary products, aggregates of asphalt composite material and construction materials. It also produces concrete piles and poles and environmental products. The Information-Related Business deals with computer peripheral sales and consigned software production.
88GF 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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