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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.
Sun Messe Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was 円-140.08.
The industry rank for Sun Messe Co's Net-Net Working Capital or its related term are showing as below:
TSE:7883's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 5.93 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Sun Messe Co (TSE:7883) 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.
Sun Messe Co Net-Net Working Capital Related Terms
Sun Messe Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Sun Messe 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:7883 vs CTAS, CPRT, GPN: Net-Net Working Capital Comparison
For the Specialty Business Services subindustry, Sun Messe 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.
Sun Messe Co Price-to-Net-Net-Working-Capital vs Business Services Industry
For the Business Services industry and Industrials sector, Sun Messe Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Sun Messe 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-140.08 mean?
Sun Messe Co (TSE:7883) has a Net-Net Working Capital of 円-140.08 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 Sun Messe Co According to the industry distribution chart, Sun Messe Co ranks #999999 out of 437 companies in the Business Services industry.
Is Sun Messe Co's Net-Net Working Capital too high?
Sun Messe Co's current Net-Net Working Capital is 円-140.08. Based on the distribution chart, Sun Messe Co ranks #999999 out of 437 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Sun Messe Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sun Messe Co's Net-Net Working Capital compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Sun Messe Co ranks #999999 out of 437 companies for Net-Net Working Capital. This places Sun Messe Co in the lower half of its industry. The industry median Net-Net Working Capital is 5.93. 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 Business Services company?
The median Net-Net Working Capital among Business Services companies is 5.93, based on 437 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 Sun Messe Co For the Business Services industry, the median Net-Net Working Capital is 5.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sun Messe Co's current Net-Net Working Capital is 円-140.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sun Messe Co stock overvalued right now?
Based on GuruFocus' analysis, Sun Messe Co (TSE:7883) is currently considered Fairly Valued. The stock's GF Value™ is 円379.38, compared to a current price of 円399.00 — trading 5.2% above its estimated fair value. The current Net-Net Working Capital is 円-140.08. Sun Messe Co's overall GF Score™ is 75/100 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 Sun Messe Co (TSE:7883), the current Net-Net Working Capital is 円-140.08 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 Sun Messe Co (TSE:7883) Overvalued in 2026?
Based on GuruFocus' analysis, Sun Messe Co stock appears to be overvalued.
The current stock price of 円399.00 is trading 5.2% above its estimated GF Value™ of 円379.38.
GuruFocus considers Sun Messe Co to be Fairly Valued.
Key valuation signals for TSE:7883:
Net-Net Working Capital: 円-140.08
GF Value™: 円379.38 vs. price of 円399.00 (5.2% above fair value)
No single metric tells the full story. See the TSE:7883 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sun Messe Co Ltd is a Japan based printing company engaged in offering designing, proofing, and binding services for various products, such as catalogs, brochures, flyers, magazines and business forms, among others. The company also manufactures and sells various wrapping papers. The printing business scope of the entity covers commercial printing, publishing printing, package printing and form printing. In addition, the organization is also involved in the content creation and system development business.
75GF Score
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