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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.
The industry rank for Financial Partners Group Co's Net-Net Working Capital or its related term are showing as below:
TSE:7148's Price-to-Net-Net-Working-Capital is not ranked *
in the Diversified Financial Services industry.
Industry Median: 3.915 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Financial Partners Group Co (TSE:7148) 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.
Financial Partners Group Co Net-Net Working Capital Related Terms
Financial Partners Group 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.
Financial Partners Group Co Net-Net Working Capital Chart
TSE:7148 vs FRHC, VOYA: Net-Net Working Capital Comparison
For the Financial Conglomerates subindustry, Financial Partners Group 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.
Financial Partners Group Co Price-to-Net-Net-Working-Capital vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Financial Partners Group Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Financial Partners Group 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-396.87 mean?
Financial Partners Group Co (TSE:7148) has a Net-Net Working Capital of 円-396.87 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 Financial Partners Group Co According to the industry distribution chart, Financial Partners Group Co ranks #999999 out of 154 companies in the Diversified Financial Services industry.
Is Financial Partners Group Co's Net-Net Working Capital too high?
Financial Partners Group Co's current Net-Net Working Capital is 円-396.87. Based on the distribution chart, Financial Partners Group Co ranks #999999 out of 154 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, Financial Partners Group Co has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Financial Partners Group Co's Net-Net Working Capital compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, Financial Partners Group Co ranks #999999 out of 154 companies for Net-Net Working Capital. This places Financial Partners Group Co in the lower half of its industry. The industry median Net-Net Working Capital is 3.92. 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 Diversified Financial Services company?
The median Net-Net Working Capital among Diversified Financial Services companies is 3.92, based on 154 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 Financial Partners Group Co For the Diversified Financial Services industry, the median Net-Net Working Capital is 3.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Financial Partners Group Co's current Net-Net Working Capital is 円-396.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Financial Partners Group Co stock overvalued right now?
Based on GuruFocus' analysis, Financial Partners Group Co (TSE:7148) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,449.50, compared to a current price of 円1,673.00 — trading 15.4% above its estimated fair value. The current Net-Net Working Capital is 円-396.87. Financial Partners Group Co's overall GF Score™ is 77/100 with 4 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 Financial Partners Group Co (TSE:7148), the current Net-Net Working Capital is 円-396.87 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 Financial Partners Group Co (TSE:7148) Overvalued in 2026?
Based on GuruFocus' analysis, Financial Partners Group Co stock appears to be overvalued.
The current stock price of 円1,673.00 is trading 15.4% above its estimated GF Value™ of 円1,449.50.
GuruFocus considers Financial Partners Group Co to be Modestly Overvalued.
Key valuation signals for TSE:7148:
Net-Net Working Capital: 円-396.87
GF Value™: 円1,449.50 vs. price of 円1,673.00 (15.4% above fair value)
No single metric tells the full story. See the TSE:7148 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Financial Partners Group Co Ltd is a financial services company based in Japan. The company's core business is the tax leasing arrangement business, which provides integrated services covering the structuring, origination, equity placement, and administration of Japanese operating leases for large transport equipment such as marine containers, ships and aircraft. The company is also engaged in the insurance brokerage business, mergers and acquisition advisory business, private banking business, real estate-related business, securities business, asset management business, and the trust business.
77GF Score
Get the complete analysis for TSE:7148
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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