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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.
Foster Electric Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円487.89.
The industry rank for Foster Electric Co's Net-Net Working Capital or its related term are showing as below:
TSE:6794's Price-to-Net-Net-Working-Capital is ranked better than 61.71% of 1149
companies
in the Hardware industry
Industry Median: 8.94
vs TSE:6794: 6.13
Foster Electric Co (TSE:6794) 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.
Foster Electric Co Net-Net Working Capital Related Terms
Foster Electric Co Net-Net Working Capital Historical Data
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The historical data trend for Foster Electric 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:6794 vs AAPL: Net-Net Working Capital Comparison
For the Consumer Electronics subindustry, Foster Electric 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.
Foster Electric Co Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Foster Electric Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Foster Electric 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487.89 mean?
Foster Electric Co (TSE:6794) has a Net-Net Working Capital of 円487.89 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 Foster Electric Co According to the industry distribution chart, Foster Electric Co ranks #440 out of 1149 companies in the Hardware industry, placing it in the top 38.3%.
Is Foster Electric Co's Net-Net Working Capital too high?
Foster Electric Co's current Net-Net Working Capital is 円487.89. Based on the distribution chart, Foster Electric Co ranks #440 out of 1149 companies in the Hardware industry, which is above the industry midpoint. Overall, Foster Electric Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Foster Electric Co's Net-Net Working Capital compare to AAPL?
According to the Hardware industry distribution chart, Foster Electric Co ranks #440 out of 1149 companies for Net-Net Working Capital. This puts Foster Electric Co in the upper half of its industry. 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 Foster Electric Co 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. Foster Electric Co's current Net-Net Working Capital is 円487.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Foster Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Foster Electric Co (TSE:6794) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,651.27, compared to a current price of 円2,990.00 — trading 81.1% above its estimated fair value. The current Net-Net Working Capital is 円487.89. Foster Electric Co's overall GF Score™ is 67/100 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 Foster Electric Co (TSE:6794), the current Net-Net Working Capital is 円487.89 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 Foster Electric Co (TSE:6794) Overvalued in 2026?
Based on GuruFocus' analysis, Foster Electric Co stock appears to be overvalued.
The current stock price of 円2,990.00 is trading 81.1% above its estimated GF Value™ of 円1,651.27.
GuruFocus considers Foster Electric Co to be Significantly Overvalued.
Key valuation signals for TSE:6794:
Net-Net Working Capital: 円487.89
GF Value™: 円1,651.27 vs. price of 円2,990.00 (81.1% above fair value)
No single metric tells the full story. See the TSE:6794 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Foster Electric Co Ltd is a Japan-based company that conducts operation through four segments. The information and communication components and products segment produces and sells headsets and small speakers for mobile phones and commercial microphones, and this segment contributes around half of total revenue. The automotive components and products segment produces car speakers and car speaker systems. The acoustic components and products segment offers speakers and speaker systems for audio devices and TVs, amplifier built-in speakers, headphones, and others. The other segment offers Fostex brand products, micro acoustic components, and logistics services. The company has manufacturing bases in various countries, such as China, Vietnam, South Korea, Indonesia, and elsewhere.
67GF 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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