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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.
Seiwa Electric Mfg Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was 円165.22.
The industry rank for Seiwa Electric Mfg Co's Net-Net Working Capital or its related term are showing as below:
TSE:6748's Price-to-Net-Net-Working-Capital is ranked better than 69.55% of 1320
companies
in the Industrial Products industry
Industry Median: 8.425
vs TSE:6748: 4.75
Seiwa Electric Mfg Co (TSE:6748) 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.
Seiwa Electric Mfg Co Net-Net Working Capital Related Terms
Seiwa Electric Mfg Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Seiwa Electric Mfg 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.
Seiwa Electric Mfg Co Net-Net Working Capital Chart
TSE:6748 vs VRT, BE: Net-Net Working Capital Comparison
For the Electrical Equipment & Parts subindustry, Seiwa Electric Mfg 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.
Seiwa Electric Mfg Co Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Seiwa Electric Mfg Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Seiwa Electric Mfg 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165.22 mean?
Seiwa Electric Mfg Co (TSE:6748) has a Net-Net Working Capital of 円165.22 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 Seiwa Electric Mfg Co According to the industry distribution chart, Seiwa Electric Mfg Co ranks #402 out of 1320 companies in the Industrial Products industry, placing it in the top 30.5%.
Is Seiwa Electric Mfg Co's Net-Net Working Capital too high?
Seiwa Electric Mfg Co's current Net-Net Working Capital is 円165.22. Based on the distribution chart, Seiwa Electric Mfg Co ranks #402 out of 1320 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Seiwa Electric Mfg Co has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Seiwa Electric Mfg Co's Net-Net Working Capital compare to VRT and BE?
According to the Industrial Products industry distribution chart, Seiwa Electric Mfg Co ranks #402 out of 1320 companies for Net-Net Working Capital. This puts Seiwa Electric Mfg Co in the upper half of its industry. The industry median Net-Net Working Capital is 8.43. 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 8.43, based on 1,320 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 Seiwa Electric Mfg Co For the Industrial Products industry, the median Net-Net Working Capital is 8.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seiwa Electric Mfg Co's current Net-Net Working Capital is 円165.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seiwa Electric Mfg Co stock overvalued right now?
Based on GuruFocus' analysis, Seiwa Electric Mfg Co (TSE:6748) is currently considered Significantly Overvalued. The stock's GF Value™ is 円449.40, compared to a current price of 円784.00 — trading 74.5% above its estimated fair value. The current Net-Net Working Capital is 円165.22. Seiwa Electric Mfg Co's overall GF Score™ is 58/100 with 1 warning sign 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 Seiwa Electric Mfg Co (TSE:6748), the current Net-Net Working Capital is 円165.22 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 Seiwa Electric Mfg Co (TSE:6748) Overvalued in 2026?
Based on GuruFocus' analysis, Seiwa Electric Mfg Co stock appears to be overvalued.
The current stock price of 円784.00 is trading 74.5% above its estimated GF Value™ of 円449.40.
GuruFocus considers Seiwa Electric Mfg Co to be Significantly Overvalued.
Key valuation signals for TSE:6748:
Net-Net Working Capital: 円165.22
GF Value™: 円449.40 vs. price of 円784.00 (74.5% above fair value)
No single metric tells the full story. See the TSE:6748 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Seiwa Electric Mfg Co Ltd manufactures electronic components in Japan. Its products include an Information display system, road and tunnel lighting fixtures for the industrial segment, LED lighting products, noise protection products, and wiring protection solutions.
58GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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