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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.
Kyokuto Kaihatsu Kogyo Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was 円-530.44.
The industry rank for Kyokuto Kaihatsu Kogyo Co's Net-Net Working Capital or its related term are showing as below:
TSE:7226's Price-to-Net-Net-Working-Capital is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 7.29 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Kyokuto Kaihatsu Kogyo Co (TSE:7226) 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.
Kyokuto Kaihatsu Kogyo Co Net-Net Working Capital Related Terms
Kyokuto Kaihatsu Kogyo Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Kyokuto Kaihatsu Kogyo 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.
Kyokuto Kaihatsu Kogyo Co Net-Net Working Capital Chart
TSE:7226 vs CAT, DE, PCAR: Net-Net Working Capital Comparison
For the Farm & Heavy Construction Machinery subindustry, Kyokuto Kaihatsu Kogyo 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.
Kyokuto Kaihatsu Kogyo Co Price-to-Net-Net-Working-Capital vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Kyokuto Kaihatsu Kogyo Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Kyokuto Kaihatsu Kogyo 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-530.44 mean?
Kyokuto Kaihatsu Kogyo Co (TSE:7226) has a Net-Net Working Capital of 円-530.44 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 Kyokuto Kaihatsu Kogyo Co According to the industry distribution chart, Kyokuto Kaihatsu Kogyo Co ranks #999999 out of 74 companies in the Farm & Heavy Construction Machinery industry.
Is Kyokuto Kaihatsu Kogyo Co's Net-Net Working Capital too high?
Kyokuto Kaihatsu Kogyo Co's current Net-Net Working Capital is 円-530.44. Based on the distribution chart, Kyokuto Kaihatsu Kogyo Co ranks #999999 out of 74 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Kyokuto Kaihatsu Kogyo Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kyokuto Kaihatsu Kogyo Co's Net-Net Working Capital compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Kyokuto Kaihatsu Kogyo Co ranks #999999 out of 74 companies for Net-Net Working Capital. This places Kyokuto Kaihatsu Kogyo Co in the lower half of its industry. The industry median Net-Net Working Capital is 7.29. 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 Farm & Heavy Construction Machinery company?
The median Net-Net Working Capital among Farm & Heavy Construction Machinery companies is 7.29, based on 74 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 Kyokuto Kaihatsu Kogyo Co For the Farm & Heavy Construction Machinery industry, the median Net-Net Working Capital is 7.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kyokuto Kaihatsu Kogyo Co's current Net-Net Working Capital is 円-530.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kyokuto Kaihatsu Kogyo Co stock overvalued right now?
Based on GuruFocus' analysis, Kyokuto Kaihatsu Kogyo Co (TSE:7226) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,183.26, compared to a current price of 円2,312.00 — trading 27.4% below its estimated fair value. The current Net-Net Working Capital is 円-530.44. Kyokuto Kaihatsu Kogyo Co's overall GF Score™ is 66/100 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 Kyokuto Kaihatsu Kogyo Co (TSE:7226), the current Net-Net Working Capital is 円-530.44 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 Kyokuto Kaihatsu Kogyo Co (TSE:7226) Overvalued in 2026?
Based on GuruFocus' analysis, Kyokuto Kaihatsu Kogyo Co stock appears to be undervalued.
The current stock price of 円2,312.00 is trading 27.4% below its estimated GF Value™ of 円3,183.26.
GuruFocus considers Kyokuto Kaihatsu Kogyo Co to be Modestly Undervalued.
Key valuation signals for TSE:7226:
Net-Net Working Capital: 円-530.44
GF Value™: 円3,183.26 vs. price of 円2,312.00 (27.4% below fair value)
No single metric tells the full story. See the TSE:7226 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kyokuto Kaihatsu Kogyo Co Ltd Is a Japan-based company which is various lines of business including specialty truck business, environmental equipment and systems and real estate rental business. It operates is business in three reportable segments namely Specialty truck business, Environmental equipment and systems business and Real estate rental business. Specialty truck business manufactures and distributes specialty trucks such as dump trucks, tailgate lifters, tank trucks, refuse trucks and trailers. Environmental equipment and systems business manufactures and distributes recycle facilities, including maintenance and consignment business. Real estate rental business manufactures multistory parking equipment and offers operating services and real estate rental services.
66GF 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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