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.
Optoelectronics Co's Net-Net Working Capital for the quarter that ended in May. 2026 was 円158.63.
The industry rank for Optoelectronics Co's Net-Net Working Capital or its related term are showing as below:
TSE:6664's Price-to-Net-Net-Working-Capital is ranked better than 91.55% of 1148
companies
in the Hardware industry
Industry Median: 9.02
vs TSE:6664: 1.60
Optoelectronics Co (TSE:6664) 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.
Optoelectronics Co Net-Net Working Capital Related Terms
Optoelectronics Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Optoelectronics 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:6664 vs GRMN, COHR, KEYS: Net-Net Working Capital Comparison
For the Scientific & Technical Instruments subindustry, Optoelectronics 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.
Optoelectronics Co Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Optoelectronics Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Optoelectronics 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158.63 mean?
Optoelectronics Co (TSE:6664) has a Net-Net Working Capital of 円158.63 as of May. 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 Optoelectronics Co According to the industry distribution chart, Optoelectronics Co ranks #97 out of 1148 companies in the Hardware industry, placing it in the top 8.4%.
Is Optoelectronics Co's Net-Net Working Capital too high?
Optoelectronics Co's current Net-Net Working Capital is 円158.63. Based on the distribution chart, Optoelectronics Co ranks #97 out of 1148 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Optoelectronics Co has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Optoelectronics Co's Net-Net Working Capital compare to GRMN and COHR?
According to the Hardware industry distribution chart, Optoelectronics Co ranks #97 out of 1148 companies for Net-Net Working Capital. This places Optoelectronics Co in the top 8% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 9.02. 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 Hardware company?
The median Net-Net Working Capital among Hardware companies is 9.02, based on 1,148 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 Optoelectronics Co For the Hardware industry, the median Net-Net Working Capital is 9.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Optoelectronics Co's current Net-Net Working Capital is 円158.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Optoelectronics Co stock overvalued right now?
Based on GuruFocus' analysis, Optoelectronics Co (TSE:6664) is currently considered Fairly Valued. The stock's GF Value™ is 円236.99, compared to a current price of 円254.00 — trading 7.2% above its estimated fair value. The current Net-Net Working Capital is 円158.63. Optoelectronics Co's overall GF Score™ is 49/100 with 3 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 Optoelectronics Co (TSE:6664), the current Net-Net Working Capital is 円158.63 as of May. 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 Optoelectronics Co (TSE:6664) Overvalued in 2026?
Based on GuruFocus' analysis, Optoelectronics Co stock appears to be overvalued.
The current stock price of 円254.00 is trading 7.2% above its estimated GF Value™ of 円236.99.
GuruFocus considers Optoelectronics Co to be Fairly Valued.
Key valuation signals for TSE:6664:
Net-Net Working Capital: 円158.63
GF Value™: 円236.99 vs. price of 円254.00 (7.2% above fair value)
No single metric tells the full story. See the TSE:6664 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Optoelectronics Co Ltd is engaged in developing, manufacturing, and selling automatic recognition devices in Japan, the United States, and Europe. The company offers modules, handy scanners, data collectors, handy terminals, smartphone handy terminals, desktop and stationary scanners, and electronic shelf label systems, as well as laser/CCD type barcode and imager scanners.
49GF Score
Get the complete analysis for TSE:6664
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:6664 has been successfully added to your 
