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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.
Saizeriya Co's Net-Net Working Capital for the quarter that ended in Feb. 2026 was 円317.68.
The industry rank for Saizeriya Co's Net-Net Working Capital or its related term are showing as below:
TSE:7581's Price-to-Net-Net-Working-Capital is ranked worse than 70.83% of 48
companies
in the Restaurants industry
Industry Median: 13.635
vs TSE:7581: 27.89
Saizeriya Co (TSE:7581) 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.
Saizeriya Co Net-Net Working Capital Related Terms
Saizeriya Co Net-Net Working Capital Historical Data
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The historical data trend for Saizeriya 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:7581 vs MCD, SBUX, CMG: Net-Net Working Capital Comparison
For the Restaurants subindustry, Saizeriya 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.
Saizeriya Co Price-to-Net-Net-Working-Capital vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Saizeriya Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Saizeriya 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317.68 mean?
Saizeriya Co (TSE:7581) has a Net-Net Working Capital of 円317.68 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 Saizeriya Co According to the industry distribution chart, Saizeriya Co ranks #34 out of 48 companies in the Restaurants industry, placing it in the top 70.8%.
Is Saizeriya Co's Net-Net Working Capital too high?
Saizeriya Co's current Net-Net Working Capital is 円317.68. Based on the distribution chart, Saizeriya Co ranks #34 out of 48 companies in the Restaurants industry, which is below the industry midpoint. Overall, Saizeriya Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saizeriya Co's Net-Net Working Capital compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Saizeriya Co ranks #34 out of 48 companies for Net-Net Working Capital. This places Saizeriya Co in the lower half of its industry. The industry median Net-Net Working Capital is 13.64. 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 Restaurants company?
The median Net-Net Working Capital among Restaurants companies is 13.64, based on 48 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 Saizeriya Co For the Restaurants industry, the median Net-Net Working Capital is 13.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saizeriya Co's current Net-Net Working Capital is 円317.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saizeriya Co stock overvalued right now?
Based on GuruFocus' analysis, Saizeriya Co (TSE:7581) is currently considered Fairly Valued. The stock's GF Value™ is 円7,172.57, compared to a current price of 円6,740.00 — trading 6% below its estimated fair value. The current Net-Net Working Capital is 円317.68. Saizeriya Co's overall GF Score™ is 83/100 with 1 warning sign 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 Saizeriya Co (TSE:7581), the current Net-Net Working Capital is 円317.68 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 Saizeriya Co (TSE:7581) Overvalued in 2026?
Based on GuruFocus' analysis, Saizeriya Co stock appears to be undervalued.
The current stock price of 円6,740.00 is trading 6% below its estimated GF Value™ of 円7,172.57.
GuruFocus considers Saizeriya Co to be Fairly Valued.
Key valuation signals for TSE:7581:
Net-Net Working Capital: 円317.68
GF Value™: 円7,172.57 vs. price of 円6,740.00 (6% below fair value)
No single metric tells the full story. See the TSE:7581 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saizeriya Co Ltd operates more than 1,000 casual Italian-style restaurants in Japan and close to another 300 of those restaurants in other Southeast Asian countries, particularly China. Saizeriya has a vertically integrated manufacturing and sales system that covers all stages from raw material purchasing and processing to restaurant service. Its business includes farms and factories in Japan, Australia, and Italy to grow vegetables and process meat and dairy. More than three fourths of the company's sales come from restaurants in Japan.
83GF 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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