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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.
TSE:6882's Price-to-Net-Net-Working-Capital is ranked better than 90.11% of 1315
companies
in the Industrial Products industry
Industry Median: 8.26
vs TSE:6882: 1.78
Sansha Electric Manufacturing Co (TSE:6882) 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.
Sansha Electric Manufacturing Co Net-Net Working Capital Related Terms
Sansha Electric Manufacturing Co Net-Net Working Capital Historical Data
* 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.
Sansha Electric Manufacturing Co Net-Net Working Capital Chart
TSE:6882 vs VRT, BE: Net-Net Working Capital Comparison
For the Electrical Equipment & Parts subindustry, Sansha Electric Manufacturing 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.
Sansha Electric Manufacturing Co Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Sansha Electric Manufacturing Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Sansha Electric Manufacturing 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638.58 mean?
Sansha Electric Manufacturing Co (TSE:6882) has a Net-Net Working Capital of 円638.58 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 Sansha Electric Manufacturing Co According to the industry distribution chart, Sansha Electric Manufacturing Co ranks #130 out of 1315 companies in the Industrial Products industry, placing it in the top 9.9%.
Is Sansha Electric Manufacturing Co's Net-Net Working Capital too high?
Sansha Electric Manufacturing Co's current Net-Net Working Capital is 円638.58. Based on the distribution chart, Sansha Electric Manufacturing Co ranks #130 out of 1315 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Sansha Electric Manufacturing Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sansha Electric Manufacturing Co's Net-Net Working Capital compare to VRT and BE?
According to the Industrial Products industry distribution chart, Sansha Electric Manufacturing Co ranks #130 out of 1315 companies for Net-Net Working Capital. This places Sansha Electric Manufacturing Co in the top 10% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.26. 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 8.26, based on 1,315 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 Sansha Electric Manufacturing Co For the Industrial Products industry, the median Net-Net Working Capital is 8.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sansha Electric Manufacturing Co's current Net-Net Working Capital is 円638.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sansha Electric Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Sansha Electric Manufacturing Co (TSE:6882) is currently considered Modestly Overvalued. The stock's GF Value™ is 円974.14, compared to a current price of 円1,116.00 — trading 14.6% above its estimated fair value. The current Net-Net Working Capital is 円638.58. Sansha Electric Manufacturing Co's overall GF Score™ is 75/100 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 Sansha Electric Manufacturing Co (TSE:6882), the current Net-Net Working Capital is 円638.58 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 Sansha Electric Manufacturing Co (TSE:6882) Overvalued in 2026?
Based on GuruFocus' analysis, Sansha Electric Manufacturing Co stock appears to be overvalued.
The current stock price of 円1,116.00 is trading 14.6% above its estimated GF Value™ of 円974.14.
GuruFocus considers Sansha Electric Manufacturing Co to be Modestly Overvalued.
Key valuation signals for TSE:6882:
Net-Net Working Capital: 円638.58
GF Value™: 円974.14 vs. price of 円1,116.00 (14.6% above fair value)
No single metric tells the full story. See the TSE:6882 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sansha Electric Manufacturing Co Ltd is engaged in manufacturing and sale of electric equipment, semiconductor and its applied equipment, medical equipment, installation of machinery and equipment, electric wiring and piping. The company's product offerings include Triac, Thyristor, Soft recovery diode, SBD, Fast recovery diode, and others.
75GF 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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