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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.
Kunimine Industries Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円830.91.
The industry rank for Kunimine Industries Co's Net-Net Working Capital or its related term are showing as below:
TSE:5388's Price-to-Net-Net-Working-Capital is ranked better than 90.91% of 99
companies
in the Building Materials industry
Industry Median: 6.85
vs TSE:5388: 1.59
Kunimine Industries Co (TSE:5388) 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.
Kunimine Industries Co Net-Net Working Capital Related Terms
Kunimine Industries Co Net-Net Working Capital Historical Data
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The historical data trend for Kunimine Industries 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.
Kunimine Industries Co Net-Net Working Capital Chart
TSE:5388 vs CRH, MLM, VMC: Net-Net Working Capital Comparison
For the Building Materials subindustry, Kunimine Industries 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.
Kunimine Industries Co Price-to-Net-Net-Working-Capital vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Kunimine Industries Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Kunimine Industries 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830.91 mean?
Kunimine Industries Co (TSE:5388) has a Net-Net Working Capital of 円830.91 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 Kunimine Industries Co According to the industry distribution chart, Kunimine Industries Co ranks #9 out of 99 companies in the Building Materials industry, placing it in the top 9.1%.
Is Kunimine Industries Co's Net-Net Working Capital too high?
Kunimine Industries Co's current Net-Net Working Capital is 円830.91. Based on the distribution chart, Kunimine Industries Co ranks #9 out of 99 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Kunimine Industries Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kunimine Industries Co's Net-Net Working Capital compare to CRH and MLM?
According to the Building Materials industry distribution chart, Kunimine Industries Co ranks #9 out of 99 companies for Net-Net Working Capital. This places Kunimine Industries Co in the top 9% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.85. 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 Building Materials company?
The median Net-Net Working Capital among Building Materials companies is 6.85, based on 99 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 Kunimine Industries Co For the Building Materials industry, the median Net-Net Working Capital is 6.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kunimine Industries Co's current Net-Net Working Capital is 円830.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kunimine Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Kunimine Industries Co (TSE:5388) is currently considered Fairly Valued. The stock's GF Value™ is 円1,200.50, compared to a current price of 円1,316.00 — trading 9.6% above its estimated fair value. The current Net-Net Working Capital is 円830.91. Kunimine Industries Co's overall GF Score™ is 61/100 with 4 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 Kunimine Industries Co (TSE:5388), the current Net-Net Working Capital is 円830.91 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 Kunimine Industries Co (TSE:5388) Overvalued in 2026?
Based on GuruFocus' analysis, Kunimine Industries Co stock appears to be overvalued.
The current stock price of 円1,316.00 is trading 9.6% above its estimated GF Value™ of 円1,200.50.
GuruFocus considers Kunimine Industries Co to be Fairly Valued.
Key valuation signals for TSE:5388:
Net-Net Working Capital: 円830.91
GF Value™: 円1,200.50 vs. price of 円1,316.00 (9.6% above fair value)
No single metric tells the full story. See the TSE:5388 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kunimine Industries Co Ltd manufactures bentonite for casting, civil engineering & as toilet sands for pets. It also manufactures agricultural & water treating chemicals, medicines, cosmetics, animal drugs, & feed additives, among others. Its products are used as raw materials for various products, including materials for civil engineering and construction works, industrial products, and familiar products such as cosmetics and medical products.
61GF 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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