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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.
Artiza Networks's Net-Net Working Capital for the quarter that ended in Jan. 2026 was 円174.08.
The industry rank for Artiza Networks's Net-Net Working Capital or its related term are showing as below:
TSE:6778's Price-to-Net-Net-Working-Capital is ranked better than 78.59% of 1149
companies
in the Hardware industry
Industry Median: 8.94
vs TSE:6778: 2.99
Artiza Networks (TSE:6778) 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.
Artiza Networks Net-Net Working Capital Related Terms
Artiza Networks Net-Net Working Capital Historical Data
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The historical data trend for Artiza Networks'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:6778 vs CSCO, MSI, LITE: Net-Net Working Capital Comparison
For the Communication Equipment subindustry, Artiza Networks'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.
Artiza Networks Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Artiza Networks's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Artiza Networks'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174.08 mean?
Artiza Networks (TSE:6778) has a Net-Net Working Capital of 円174.08 as of Jan. 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 Artiza Networks According to the industry distribution chart, Artiza Networks ranks #246 out of 1149 companies in the Hardware industry, placing it in the top 21.4%.
Is Artiza Networks' Net-Net Working Capital too high?
Artiza Networks' current Net-Net Working Capital is 円174.08. Based on the distribution chart, Artiza Networks ranks #246 out of 1149 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Artiza Networks has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Artiza Networks' Net-Net Working Capital compare to CSCO and MSI?
According to the Hardware industry distribution chart, Artiza Networks ranks #246 out of 1149 companies for Net-Net Working Capital. This places Artiza Networks in the top 21% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.94. 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 8.94, based on 1,149 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 Artiza Networks For the Hardware industry, the median Net-Net Working Capital is 8.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Artiza Networks's current Net-Net Working Capital is 円174.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artiza Networks stock overvalued right now?
Based on GuruFocus' analysis, Artiza Networks (TSE:6778) is currently considered Fairly Valued. The stock's GF Value™ is 円565.91, compared to a current price of 円606.00 — trading 7.1% above its estimated fair value. The current Net-Net Working Capital is 円174.08. Artiza Networks' overall GF Score™ is 71/100 with 9 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 Artiza Networks (TSE:6778), the current Net-Net Working Capital is 円174.08 as of Jan. 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 Artiza Networks (TSE:6778) Overvalued in 2026?
Based on GuruFocus' analysis, Artiza Networks stock appears to be overvalued.
The current stock price of 円606.00 is trading 7.1% above its estimated GF Value™ of 円565.91.
GuruFocus considers Artiza Networks to be Fairly Valued.
Key valuation signals for TSE:6778:
Net-Net Working Capital: 円174.08
GF Value™: 円565.91 vs. price of 円606.00 (7.1% above fair value)
No single metric tells the full story. See the TSE:6778 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Artiza Networks Inc is engaged in the development and sale of network management systems for maintenance and operation management of communication measuring instruments and communication infrastructure. It is also engaged in the development and sale of various communication equipments. The company offers LTE eNodeB testing products, such as Duo SIM- advanced load testers, functional testers, and environmental simulators; hardware blades; QoE optimization and packet capture tools.
71GF 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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