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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.
Chi-Technology Co's Net-Net Working Capital for the quarter that ended in Feb. 2026 was 円-10.25.
The industry rank for Chi-Technology Co's Net-Net Working Capital or its related term are showing as below:
TSE:5581's Price-to-Net-Net-Working-Capital is not ranked
in the Software industry.
Industry Median: 7.03
vs TSE:5581: 191.09
Chi-Technology Co (TSE:5581) 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.
Chi-Technology Co Net-Net Working Capital Related Terms
Chi-Technology Co Net-Net Working Capital Historical Data
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The historical data trend for Chi-Technology 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:5581 vs UBER, CRM, SHOP: Net-Net Working Capital Comparison
For the Software - Application subindustry, Chi-Technology 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.
Chi-Technology Co Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Chi-Technology Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Chi-Technology 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-10.25 mean?
Chi-Technology Co (TSE:5581) has a Net-Net Working Capital of 円-10.25 as of Feb. 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 Chi-Technology Co
Is Chi-Technology Co's Net-Net Working Capital too high?
Chi-Technology Co's current Net-Net Working Capital is 円-10.25. Overall, Chi-Technology Co has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Chi-Technology Co's Net-Net Working Capital compare to UBER and CRM?
Chi-Technology Co's Net-Net Working Capital of 円-10.25 can be compared against companies in the Software industry. The industry median Net-Net Working Capital is 7.03. 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 7.03, based on 1,227 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 Chi-Technology Co For the Software industry, the median Net-Net Working Capital is 7.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chi-Technology Co's current Net-Net Working Capital is 円-10.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chi-Technology Co stock overvalued right now?
Chi-Technology Co (TSE:5581) has a current Net-Net Working Capital of 円-10.25. The stock's GF Value™ is 円266.28, compared to a current price of 円193.00 — trading 27.5% below its estimated fair value. The current Net-Net Working Capital is 円-10.25. Chi-Technology Co's overall GF Score™ is 31/100. 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 Chi-Technology Co (TSE:5581), the current Net-Net Working Capital is 円-10.25 as of Feb. 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 Chi-Technology Co (TSE:5581) Overvalued in 2026?
Based on GuruFocus' analysis, Chi-Technology Co stock appears to be undervalued.
The current stock price of 円193.00 is trading 27.5% below its estimated GF Value™ of 円266.28.
Key valuation signals for TSE:5581:
Net-Net Working Capital: 円-10.25
GF Value™: 円266.28 vs. price of 円193.00 (27.5% below fair value)
No single metric tells the full story. See the TSE:5581 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chi-Technology Co Ltd is engaged in Temporary staffing/SES business for manufacturing, logistics, broadcasting, and finance-related businesses, package sales business, and commissioned development business. Its services include Application development support, Software development, and Development and service operation of the nutrition management application.
31GF Score
Get the complete analysis for TSE:5581
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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