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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.
Screen Holdings Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円774.04.
The industry rank for Screen Holdings Co's Net-Net Working Capital or its related term are showing as below:
TSE:7735's Price-to-Net-Net-Working-Capital is ranked worse than 63.72% of 521
companies
in the Semiconductors industry
Industry Median: 11.94
vs TSE:7735: 17.72
Screen Holdings Co (TSE:7735) 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.
Screen Holdings Co Net-Net Working Capital Related Terms
Screen Holdings Co Net-Net Working Capital Historical Data
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The historical data trend for Screen Holdings 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:7735 vs AMAT, LRCX, KLAC: Net-Net Working Capital Comparison
For the Semiconductor Equipment & Materials subindustry, Screen Holdings 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.
Screen Holdings Co Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Screen Holdings Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Screen Holdings 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774.04 mean?
Screen Holdings Co (TSE:7735) has a Net-Net Working Capital of 円774.04 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 Screen Holdings Co According to the industry distribution chart, Screen Holdings Co ranks #332 out of 521 companies in the Semiconductors industry, placing it in the top 63.7%.
Is Screen Holdings Co's Net-Net Working Capital too high?
Screen Holdings Co's current Net-Net Working Capital is 円774.04. Based on the distribution chart, Screen Holdings Co ranks #332 out of 521 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Screen Holdings Co has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Screen Holdings Co's Net-Net Working Capital compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Screen Holdings Co ranks #332 out of 521 companies for Net-Net Working Capital. This places Screen Holdings Co in the lower half of its industry. The industry median Net-Net Working Capital is 11.94. 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 Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 11.94, based on 521 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 Screen Holdings Co For the Semiconductors industry, the median Net-Net Working Capital is 11.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Screen Holdings Co's current Net-Net Working Capital is 円774.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Screen Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Screen Holdings Co (TSE:7735) is currently considered Significantly Overvalued. The stock's GF Value™ is 円6,705.40, compared to a current price of 円13,715.00 — trading 104.5% above its estimated fair value. The current Net-Net Working Capital is 円774.04. Screen Holdings Co's overall GF Score™ is 85/100 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 Screen Holdings Co (TSE:7735), the current Net-Net Working Capital is 円774.04 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 Screen Holdings Co (TSE:7735) Overvalued in 2026?
Based on GuruFocus' analysis, Screen Holdings Co stock appears to be overvalued.
The current stock price of 円13,715.00 is trading 104.5% above its estimated GF Value™ of 円6,705.40.
GuruFocus considers Screen Holdings Co to be Significantly Overvalued.
Key valuation signals for TSE:7735:
Net-Net Working Capital: 円774.04
GF Value™: 円6,705.40 vs. price of 円13,715.00 (104.5% above fair value)
No single metric tells the full story. See the TSE:7735 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Screen Holdings Co Ltd is a Japan-based company engaged in the manufacture and sale of semiconductors, electronic equipment, and components. The company operates through five segments. The Semiconductor Manufacturing Equipment Business (SPE) segment develops, manufactures, sells, and services semiconductor equipment. The Display Manufacturing Equipment and Film Deposition Equipment Business segment handles display and film deposition equipment. The Printed circuit board related equipment business segment provides printed circuit board-related equipment and services, and the Graphic Arts Equipment Business segment covers printing-related equipment. The Others segment includes life sciences equipment, software development, and printed materials production.
85GF 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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