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.
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.
Nitto Kohki Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円863.03.
The industry rank for Nitto Kohki Co's Net-Net Working Capital or its related term are showing as below:
TSE:6151's Price-to-Net-Net-Working-Capital is ranked better than 88% of 1325
companies
in the Industrial Products industry
Industry Median: 8.09
vs TSE:6151: 2.02
Nitto Kohki Co (TSE:6151) 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.
Nitto Kohki Co Net-Net Working Capital Related Terms
Nitto Kohki Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Nitto Kohki 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:6151 vs GEV, ETN, PH: Net-Net Working Capital Comparison
For the Specialty Industrial Machinery subindustry, Nitto Kohki 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.
Nitto Kohki Co Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nitto Kohki Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Nitto Kohki 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863.03 mean?
Nitto Kohki Co (TSE:6151) has a Net-Net Working Capital of 円863.03 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 Nitto Kohki Co According to the industry distribution chart, Nitto Kohki Co ranks #159 out of 1325 companies in the Industrial Products industry, placing it in the top 12%.
Is Nitto Kohki Co's Net-Net Working Capital too high?
Nitto Kohki Co's current Net-Net Working Capital is 円863.03. Based on the distribution chart, Nitto Kohki Co ranks #159 out of 1325 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Nitto Kohki Co has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nitto Kohki Co's Net-Net Working Capital compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Nitto Kohki Co ranks #159 out of 1325 companies for Net-Net Working Capital. This places Nitto Kohki Co in the top 12% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.09. 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 an Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 8.09, based on 1,325 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 Nitto Kohki Co For the Industrial Products industry, the median Net-Net Working Capital is 8.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitto Kohki Co's current Net-Net Working Capital is 円863.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitto Kohki Co stock overvalued right now?
Based on GuruFocus' analysis, Nitto Kohki Co (TSE:6151) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,019.55, compared to a current price of 円1,746.00 — trading 13.5% below its estimated fair value. The current Net-Net Working Capital is 円863.03. Nitto Kohki Co's overall GF Score™ is 68/100 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 Nitto Kohki Co (TSE:6151), the current Net-Net Working Capital is 円863.03 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 Nitto Kohki Co (TSE:6151) Overvalued in 2026?
Based on GuruFocus' analysis, Nitto Kohki Co stock appears to be undervalued.
The current stock price of 円1,746.00 is trading 13.5% below its estimated GF Value™ of 円2,019.55.
GuruFocus considers Nitto Kohki Co to be Modestly Undervalued.
Key valuation signals for TSE:6151:
Net-Net Working Capital: 円863.03
GF Value™: 円2,019.55 vs. price of 円1,746.00 (13.5% below fair value)
No single metric tells the full story. See the TSE:6151 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitto Kohki Co Ltd is a Japan-based company that operates in four segments. The couplings segment develops, manufactures, and sells quick-connecting fluid couplings under the Cupla brand. The machine tools segment manufactures machine tools for various functions including drilling, cutting, sanding, chamfering, and so on. The linear pumps segment manufactures and sells pump products that are incorporated into equipment in the housing, medical healthcare, hair, and various other fields. The door closers segment offers various door-closer products utilized in different kinds of doors. The company generates the majority of its sales from the Japanese domestic market, and the rest from overseas markets.
68GF Score
Get the complete analysis for TSE:6151
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:6151 has been successfully added to your 
