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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.
Refinverse Group's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円-608.70.
The industry rank for Refinverse Group's Net-Net Working Capital or its related term are showing as below:
TSE:7375's Price-to-Net-Net-Working-Capital is not ranked *
in the Chemicals industry.
Industry Median: 8.375 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Refinverse Group (TSE:7375) 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.
Refinverse Group Net-Net Working Capital Related Terms
Refinverse Group Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Refinverse Group'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:7375 vs DOW: Net-Net Working Capital Comparison
For the Chemicals subindustry, Refinverse Group'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.
Refinverse Group Price-to-Net-Net-Working-Capital vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Refinverse Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Refinverse Group'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-608.70 mean?
Refinverse Group (TSE:7375) has a Net-Net Working Capital of 円-608.70 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 Refinverse Group According to the industry distribution chart, Refinverse Group ranks #999999 out of 588 companies in the Chemicals industry.
Is Refinverse Group's Net-Net Working Capital too high?
Refinverse Group's current Net-Net Working Capital is 円-608.70. Based on the distribution chart, Refinverse Group ranks #999999 out of 588 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Refinverse Group has a GF Score™ of 51/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Refinverse Group's Net-Net Working Capital compare to DOW?
According to the Chemicals industry distribution chart, Refinverse Group ranks #999999 out of 588 companies for Net-Net Working Capital. This places Refinverse Group in the lower half of its industry. The industry median Net-Net Working Capital is 8.38. 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 Chemicals company?
The median Net-Net Working Capital among Chemicals companies is 8.38, based on 588 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 Refinverse Group For the Chemicals industry, the median Net-Net Working Capital is 8.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Refinverse Group's current Net-Net Working Capital is 円-608.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Refinverse Group stock overvalued right now?
Based on GuruFocus' analysis, Refinverse Group (TSE:7375) is currently considered Modestly Overvalued. The stock's GF Value™ is 円973.50, compared to a current price of 円1,187.00 — trading 21.9% above its estimated fair value. The current Net-Net Working Capital is 円-608.70. Refinverse Group's overall GF Score™ is 51/100 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 Refinverse Group (TSE:7375), the current Net-Net Working Capital is 円-608.70 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 Refinverse Group (TSE:7375) Overvalued in 2026?
Based on GuruFocus' analysis, Refinverse Group stock appears to be overvalued.
The current stock price of 円1,187.00 is trading 21.9% above its estimated GF Value™ of 円973.50.
GuruFocus considers Refinverse Group to be Modestly Overvalued.
Key valuation signals for TSE:7375:
Net-Net Working Capital: 円-608.70
GF Value™: 円973.50 vs. price of 円1,187.00 (21.9% above fair value)
No single metric tells the full story. See the TSE:7375 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Refinverse Group Inc is a material recycling company engaged in Recycled resin recycling and manufacturing. It operates in two reportable segments Materials Business accepts the disposal of used carpet tiles, which are used as raw materials for products, mainly in the Tokyo metropolitan area. Recycled resin produced by cutting or crushing used carpet tiles, used in automobile airbags Recycled resins are produced by cutting, cleaning, thermoplasticizing, and extruding scraps and used fishing nets from the manufacturing process; and Resource business is centered around the Tokyo metropolitan area and includes intermediate processing and recycling of industrial waste, as well as collection and transportation of industrial waste.
51GF Score
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