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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.
Takasago Tekko KK's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円95.69.
The industry rank for Takasago Tekko KK's Net-Net Working Capital or its related term are showing as below:
TSE:5458's Price-to-Net-Net-Working-Capital is ranked worse than 93.6% of 172
companies
in the Steel industry
Industry Median: 4.595
vs TSE:5458: 37.06
Takasago Tekko KK (TSE:5458) 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.
Takasago Tekko KK Net-Net Working Capital Related Terms
Takasago Tekko KK Net-Net Working Capital Historical Data
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The historical data trend for Takasago Tekko KK'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:5458 vs NUE, STLD, RS: Net-Net Working Capital Comparison
For the Steel subindustry, Takasago Tekko KK'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.
Takasago Tekko KK Price-to-Net-Net-Working-Capital vs Steel Industry
For the Steel industry and Basic Materials sector, Takasago Tekko KK's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Takasago Tekko KK'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95.69 mean?
Takasago Tekko KK (TSE:5458) has a Net-Net Working Capital of 円95.69 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 Takasago Tekko KK According to the industry distribution chart, Takasago Tekko KK ranks #161 out of 172 companies in the Steel industry, placing it in the top 93.6%.
Is Takasago Tekko KK's Net-Net Working Capital too high?
Takasago Tekko KK's current Net-Net Working Capital is 円95.69. Based on the distribution chart, Takasago Tekko KK ranks #161 out of 172 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Takasago Tekko KK has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Takasago Tekko KK's Net-Net Working Capital compare to NUE and STLD?
According to the Steel industry distribution chart, Takasago Tekko KK ranks #161 out of 172 companies for Net-Net Working Capital. This places Takasago Tekko KK in the lower half of its industry. The industry median Net-Net Working Capital is 4.60. 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 Steel company?
The median Net-Net Working Capital among Steel companies is 4.60, based on 172 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 Takasago Tekko KK For the Steel industry, the median Net-Net Working Capital is 4.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Takasago Tekko KK's current Net-Net Working Capital is 円95.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Takasago Tekko KK stock overvalued right now?
Based on GuruFocus' analysis, Takasago Tekko KK (TSE:5458) is currently considered Significantly Overvalued. The stock's GF Value™ is 円917.62, compared to a current price of 円1,395.00 — trading 52% above its estimated fair value. The current Net-Net Working Capital is 円95.69. Takasago Tekko KK's overall GF Score™ is 69/100 with 5 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 Takasago Tekko KK (TSE:5458), the current Net-Net Working Capital is 円95.69 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 Takasago Tekko KK (TSE:5458) Overvalued in 2026?
Based on GuruFocus' analysis, Takasago Tekko KK stock appears to be overvalued.
The current stock price of 円1,395.00 is trading 52% above its estimated GF Value™ of 円917.62.
GuruFocus considers Takasago Tekko KK to be Significantly Overvalued.
Key valuation signals for TSE:5458:
Net-Net Working Capital: 円95.69
GF Value™: 円917.62 vs. price of 円1,395.00 (52% above fair value)
No single metric tells the full story. See the TSE:5458 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Takasago Tekko KK is engaged in the steel production business. The company manufactures and sells a wide range of cold rolled steel sheets and steel strips made from ordinary steel and special steel such as electromagnetic plates and sheets, and embossed stainless steel. In addition, the company also processed products with different characteristics, developed from stainless steel materials.
69GF 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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