Career Co (TSE:6198) Net-Net Working Capital: 円52.45 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

TSE:6198 Career Co Ltd TSE:6198
47 GF Score
Price 円197.00
GF Value 円281.26
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Career Co Net-Net Working Capital?

Career Co TSE:6198 -0.51% 47 Net-Net Working Capital is 円52.45 as of Jun. 2026. GuruFocus rates TSE:6198 with a GF Score™ of 47/100 and a GF Value™ of 円281.26 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 435 Business Services companies, Career Co ranks better than 65.52% 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.

Career Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was 円52.45.

The industry rank for Career Co's Net-Net Working Capital or its related term are showing as below:

TSE:6198's Price-to-Net-Net-Working-Capital is ranked better than
65.52% of 435 companies
in the Business Services industry
Industry Median: 5.71 vs TSE:6198: 3.62

Career Co  (TSE:6198) 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.


Career Co Net-Net Working Capital Related Terms


Career Co Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Career 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.

Career Co Net-Net Working Capital Chart

Career Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.66 29.58 86.78 105.53 46.98

Career Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.95 46.98 46.52 59.02 52.45

TSE:6198 vs RHI, KFY, TNET: Net-Net Working Capital Comparison

For the Staffing & Employment Services subindustry, Career 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.


Career Co Price-to-Net-Net-Working-Capital vs Business Services Industry

For the Business Services industry and Industrials sector, Career Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Career Co's Price-to-Net-Net-Working-Capital falls into.


TSE:6198
47GF Score
Career Co Ltd TSE:6198
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Career Co Net-Net Working Capital Calculation

Career Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Sep. 2025 is calculated as

Net-Net Working Capital(A: Sep. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1860.624+0.75 * 1320.178+0.5 * 0-2451.862
-0-0)/8.49012
=46.98

Career Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2026 is calculated as

Net-Net Working Capital(Q: Jun. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1531.294+0.75 * 1341.471+0.5 * 0-2097.584
-0-0)/8.38572
=52.45

* 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52.45 mean?
Career Co (TSE:6198) has a Net-Net Working Capital of 円52.45 as of Jun. 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 Career Co According to the industry distribution chart, Career Co ranks #150 out of 435 companies in the Business Services industry, placing it in the top 34.5%.
Is Career Co's Net-Net Working Capital too high?
Career Co's current Net-Net Working Capital is 円52.45. Based on the distribution chart, Career Co ranks #150 out of 435 companies in the Business Services industry, which is above the industry midpoint. Overall, Career Co has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Career Co's Net-Net Working Capital compare to RHI and KFY?
According to the Business Services industry distribution chart, Career Co ranks #150 out of 435 companies for Net-Net Working Capital. This puts Career Co in the upper half of its industry. The industry median Net-Net Working Capital is 5.71. 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 Business Services company?
The median Net-Net Working Capital among Business Services companies is 5.71, based on 435 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 Career Co For the Business Services industry, the median Net-Net Working Capital is 5.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Career Co's current Net-Net Working Capital is 円52.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Career Co stock overvalued right now?
Based on GuruFocus' analysis, Career Co (TSE:6198) is currently considered Possible Value Trap. The stock's GF Value™ is 円281.26, compared to a current price of 円197.00 — trading 30% below its estimated fair value. The current Net-Net Working Capital is 円52.45. Career Co's overall GF Score™ is 47/100 with 2 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 Career Co (TSE:6198), the current Net-Net Working Capital is 円52.45 as of Jun. 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 Career Co (TSE:6198) Overvalued in 2026?

Based on GuruFocus' analysis, Career Co stock appears to be undervalued. The current stock price of 円197.00 is trading 30% below its estimated GF Value™ of 円281.26. GuruFocus considers Career Co to be Possible Value Trap.

Key valuation signals for TSE:6198:

  • Net-Net Working Capital: 円52.45
  • GF Value™: 円281.26 vs. price of 円197.00 (30% below fair value)
  • GF Score™: 47/100 with 2 warning signs

No single metric tells the full story. See the TSE:6198 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Career Co Business Description

Address 2-6-1 Nishi Shinjuku, 40th floor, Shinjuku Sumitomo Building, Shinjuku-ku, Tokyo, JPN, 160-0023
Career Co Ltd offers human resources services. The company provides employees staffing and dispatch services; and general worker dispatching, outsourcing, job consulting and advertising, and paid employment introduction services. Career also provides outsourcing services. The company provides personnel primarily for nursing care and medical facilities, building maintenance, equipment management, warehouse, and office support industries.
47GF Score

Get the complete analysis for TSE:6198

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円197.00
Price
円281.26
GF Value