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Micreed CoTSE:7687 +1.35%68 Net-Net Working Capital is 円129.38 as of Mar. 2026. GuruFocus rates TSE:7687 with a GF Score™ of 68/100 and a GF Value™ of 円649.94 (Significantly Undervalued). Among 78 Retail - Defensive companies, Micreed Co ranks better than 65.38% on this metric.
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.
Micreed Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円129.38.
The industry rank for Micreed Co's Net-Net Working Capital or its related term are showing as below:
TSE:7687's Price-to-Net-Net-Working-Capital is ranked better than 65.38% of 78
companies
in the Retail - Defensive industry
Industry Median: 4.74
vs TSE:7687: 3.20
Micreed Co (TSE:7687) 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.
Micreed Co Net-Net Working Capital Related Terms
Micreed Co Net-Net Working Capital Historical Data
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The historical data trend for Micreed 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:7687 vs SYY, USFD, PFGC: Net-Net Working Capital Comparison
For the Food Distribution subindustry, Micreed 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.
Micreed Co Price-to-Net-Net-Working-Capital vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Micreed Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Micreed 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129.38 mean?
Micreed Co (TSE:7687) has a Net-Net Working Capital of 円129.38 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 Micreed Co According to the industry distribution chart, Micreed Co ranks #27 out of 78 companies in the Retail - Defensive industry, placing it in the top 34.6%.
Is Micreed Co's Net-Net Working Capital too high?
Micreed Co's current Net-Net Working Capital is 円129.38. Based on the distribution chart, Micreed Co ranks #27 out of 78 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Micreed Co has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Micreed Co's Net-Net Working Capital compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Micreed Co ranks #27 out of 78 companies for Net-Net Working Capital. This puts Micreed Co in the upper half of its industry. The industry median Net-Net Working Capital is 4.74. 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 - Defensive company?
The median Net-Net Working Capital among Retail - Defensive companies is 4.74, based on 78 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 Micreed Co For the Retail - Defensive industry, the median Net-Net Working Capital is 4.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micreed Co's current Net-Net Working Capital is 円129.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micreed Co stock overvalued right now?
Based on GuruFocus' analysis, Micreed Co (TSE:7687) is currently considered Significantly Undervalued. The stock's GF Value™ is 円649.94, compared to a current price of 円449.00 — trading 30.9% below its estimated fair value. The current Net-Net Working Capital is 円129.38. Micreed Co's overall GF Score™ is 68/100. 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 Micreed Co (TSE:7687), the current Net-Net Working Capital is 円129.38 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 Micreed Co (TSE:7687) Overvalued in 2026?
Based on GuruFocus' analysis, Micreed Co stock appears to be undervalued.
The current stock price of 円449.00 is trading 30.9% below its estimated GF Value™ of 円649.94.
GuruFocus considers Micreed Co to be Significantly Undervalued.
Key valuation signals for TSE:7687:
Net-Net Working Capital: 円129.38
GF Value™: 円649.94 vs. price of 円449.00 (30.9% below fair value)
No single metric tells the full story. See the TSE:7687 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Address2-3-1 Nishi-Shinjuku, Shinjuku-ku, Shinjuku Monolith 28th Floor, Shipping Center: Narashino City, Chiba Prefecture, Order Center Saga City, Saga Prefecture, Tokyo, JPN, 103-0027
Micreed Co Ltd is engaged in the planning and sales of commercial ingredients for restaurants. The company sells products such as meat, fish, vegetables, skewers, fried foods, and desserts, frozen foods. It serves small and medium-sized restaurants, mainly privately owned izakayas. The Company operates a single segment, the mail order business of food ingredients for commercial use.
68GF Score
Get the complete analysis for TSE:7687
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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