Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Batonz CoTSE:554A -2.88%16 Net-Net Working Capital is 円57.24 as of Sep. 2025. GuruFocus rates TSE:554A with a GF Score™ of 16/100. Among 1,206 Software companies, Batonz Co ranks worse than 82.75% on this metric.
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.
Batonz Co's Net-Net Working Capital for the quarter that ended in Sep. 2025 was 円57.24.
The industry rank for Batonz Co's Net-Net Working Capital or its related term are showing as below:
TSE:554A's Price-to-Net-Net-Working-Capital is ranked worse than 82.75% of 1206
companies
in the Software industry
Industry Median: 7.2
vs TSE:554A: 27.10
Batonz Co (TSE:554A) 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.
Batonz Co Net-Net Working Capital Related Terms
Batonz Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Batonz 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.
Batonz Co Net-Net Working Capital Chart
Batonz Co Annual Data
Trend
Mar24
Mar25
Net-Net Working Capital
42.33
44.19
Batonz Co Semi-Annual Data
Mar24
Mar25
Sep25
Net-Net Working Capital
42.33
44.19
57.24
TSE:554A vs QH, SHOP, UBER: Net-Net Working Capital Comparison
For the Software - Application subindustry, Batonz 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.
Batonz Co Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Batonz Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Batonz 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57.24 mean?
Batonz Co (TSE:554A) has a Net-Net Working Capital of 円57.24 as of Sep. 2025. 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 Batonz Co According to the industry distribution chart, Batonz Co ranks #998 out of 1206 companies in the Software industry, placing it in the top 82.8%.
Is Batonz Co's Net-Net Working Capital too high?
Batonz Co's current Net-Net Working Capital is 円57.24. Based on the distribution chart, Batonz Co ranks #998 out of 1206 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Batonz Co has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Batonz Co's Net-Net Working Capital compare to QH and SHOP?
According to the Software industry distribution chart, Batonz Co ranks #998 out of 1206 companies for Net-Net Working Capital. This places Batonz Co in the lower half of its industry. The industry median Net-Net Working Capital is 7.20. 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 Software company?
The median Net-Net Working Capital among Software companies is 7.20, based on 1,206 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 Batonz Co For the Software industry, the median Net-Net Working Capital is 7.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Batonz Co's current Net-Net Working Capital is 円57.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Batonz Co stock overvalued right now?
Batonz Co (TSE:554A) has a current Net-Net Working Capital of 円57.24. The current Net-Net Working Capital is 円57.24. Batonz Co's overall GF Score™ is 16/100. 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 Batonz Co (TSE:554A), the current Net-Net Working Capital is 円57.24 as of Sep. 2025. 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.
Batonz Co Ltd is engaged in the planning, development, and operation of digital platforms, including the M&A platform "BATONZ" and the recruitment service "LANNERZ".
16GF Score
Get the complete analysis for TSE:554A
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:554A has been successfully added to your 
