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Land CoTSE:8918 68 Net-Net Working Capital is 円5.26 as of Feb. 2026. GuruFocus rates TSE:8918 with a GF Score™ of 68/100 and a GF Value™ of 円5.77 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 325 Real Estate companies, Land Co ranks better than 72% 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.
Land Co's Net-Net Working Capital for the quarter that ended in Feb. 2026 was 円5.26.
The industry rank for Land Co's Net-Net Working Capital or its related term are showing as below:
TSE:8918's Price-to-Net-Net-Working-Capital is ranked better than 72% of 325
companies
in the Real Estate industry
Industry Median: 4.82
vs TSE:8918: 2.10
Land Co (TSE:8918) 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.
Land Co Net-Net Working Capital Related Terms
Land Co Net-Net Working Capital Historical Data
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The historical data trend for Land 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.
Land Co Net-Net Working Capital Competitor Comparison
For the Real Estate - Diversified subindustry, Land 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.
Land Co Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Land Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Land 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5.26 mean?
Land Co (TSE:8918) has a Net-Net Working Capital of 円5.26 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 Land Co According to the industry distribution chart, Land Co ranks #91 out of 325 companies in the Real Estate industry, placing it in the top 28%.
Is Land Co's Net-Net Working Capital too high?
Land Co's current Net-Net Working Capital is 円5.26. Based on the distribution chart, Land Co ranks #91 out of 325 companies in the Real Estate industry, which is above the industry midpoint. Overall, Land Co has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Land Co's Net-Net Working Capital compare to competitors?
According to the Real Estate industry distribution chart, Land Co ranks #91 out of 325 companies for Net-Net Working Capital. This puts Land Co in the upper half of its industry. The industry median Net-Net Working Capital is 4.82. 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 Real Estate company?
The median Net-Net Working Capital among Real Estate companies is 4.82, based on 325 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 Land Co For the Real Estate industry, the median Net-Net Working Capital is 4.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Land Co's current Net-Net Working Capital is 円5.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Land Co stock overvalued right now?
Based on GuruFocus' analysis, Land Co (TSE:8918) is currently considered Significantly Overvalued. The stock's GF Value™ is 円5.77, compared to a current price of 円11.00 — trading 90.6% above its estimated fair value. The current Net-Net Working Capital is 円5.26. Land Co's overall GF Score™ is 68/100 with 6 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 Land Co (TSE:8918), the current Net-Net Working Capital is 円5.26 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 Land Co (TSE:8918) Overvalued in 2026?
Based on GuruFocus' analysis, Land Co stock appears to be overvalued.
The current stock price of 円11.00 is trading 90.6% above its estimated GF Value™ of 円5.77.
GuruFocus considers Land Co to be Significantly Overvalued.
Key valuation signals for TSE:8918:
Net-Net Working Capital: 円5.26
GF Value™: 円5.77 vs. price of 円11.00 (90.6% above fair value)
No single metric tells the full story. See the TSE:8918 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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