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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.
Himaraya Co's Net-Net Working Capital for the quarter that ended in Feb. 2026 was 円-486.07.
The industry rank for Himaraya Co's Net-Net Working Capital or its related term are showing as below:
TSE:7514's Price-to-Net-Net-Working-Capital is not ranked *
in the Retail - Cyclical industry.
Industry Median: 6.465 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Himaraya Co (TSE:7514) 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.
Himaraya Co Net-Net Working Capital Related Terms
Himaraya Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Himaraya 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:7514 vs CASY, WSM, ULTA: Net-Net Working Capital Comparison
For the Specialty Retail subindustry, Himaraya 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.
Himaraya Co Price-to-Net-Net-Working-Capital vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Himaraya Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Himaraya 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-486.07 mean?
Himaraya Co (TSE:7514) has a Net-Net Working Capital of 円-486.07 as of Feb. 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 Himaraya Co According to the industry distribution chart, Himaraya Co ranks #999999 out of 326 companies in the Retail - Cyclical industry.
Is Himaraya Co's Net-Net Working Capital too high?
Himaraya Co's current Net-Net Working Capital is 円-486.07. Based on the distribution chart, Himaraya Co ranks #999999 out of 326 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Himaraya Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Himaraya Co's Net-Net Working Capital compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Himaraya Co ranks #999999 out of 326 companies for Net-Net Working Capital. This places Himaraya Co in the lower half of its industry. The industry median Net-Net Working Capital is 6.47. 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 Retail - Cyclical company?
The median Net-Net Working Capital among Retail - Cyclical companies is 6.47, based on 326 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 Himaraya Co For the Retail - Cyclical industry, the median Net-Net Working Capital is 6.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Himaraya Co's current Net-Net Working Capital is 円-486.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Himaraya Co stock overvalued right now?
Based on GuruFocus' analysis, Himaraya Co (TSE:7514) is currently considered Fairly Valued. The stock's GF Value™ is 円930.70, compared to a current price of 円853.00 — trading 8.3% below its estimated fair value. The current Net-Net Working Capital is 円-486.07. Himaraya Co's overall GF Score™ is 66/100 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 Himaraya Co (TSE:7514), the current Net-Net Working Capital is 円-486.07 as of Feb. 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 Himaraya Co (TSE:7514) Overvalued in 2026?
Based on GuruFocus' analysis, Himaraya Co stock appears to be undervalued.
The current stock price of 円853.00 is trading 8.3% below its estimated GF Value™ of 円930.70.
GuruFocus considers Himaraya Co to be Fairly Valued.
Key valuation signals for TSE:7514:
Net-Net Working Capital: 円-486.07
GF Value™: 円930.70 vs. price of 円853.00 (8.3% below fair value)
No single metric tells the full story. See the TSE:7514 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Himaraya Co Ltd is engaged in the retail sale of sporting goods in Japan. The company offers various sportswear, training wear, pants, caddy bag, shoes, head cover, golf apparel, practice equipment, leisure goods, street sports, rainwear, and other items.
66GF Score
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