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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.
Luckland Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was 円385.78.
The industry rank for Luckland Co's Net-Net Working Capital or its related term are showing as below:
TSE:9612's Price-to-Net-Net-Working-Capital is ranked better than 75.47% of 477
companies
in the Construction industry
Industry Median: 6.62
vs TSE:9612: 3.05
Luckland Co (TSE:9612) 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.
Luckland Co Net-Net Working Capital Related Terms
Luckland Co Net-Net Working Capital Historical Data
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The historical data trend for Luckland 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:9612 vs PWR, FIX, EME: Net-Net Working Capital Comparison
For the Engineering & Construction subindustry, Luckland 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.
Luckland Co Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, Luckland Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Luckland 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385.78 mean?
Luckland Co (TSE:9612) has a Net-Net Working Capital of 円385.78 as of Jun. 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 Luckland Co According to the industry distribution chart, Luckland Co ranks #117 out of 477 companies in the Construction industry, placing it in the top 24.5%.
Is Luckland Co's Net-Net Working Capital too high?
Luckland Co's current Net-Net Working Capital is 円385.78. Based on the distribution chart, Luckland Co ranks #117 out of 477 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Luckland Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Luckland Co's Net-Net Working Capital compare to PWR and FIX?
According to the Construction industry distribution chart, Luckland Co ranks #117 out of 477 companies for Net-Net Working Capital. This places Luckland Co in the top 25% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.62. 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 Construction company?
The median Net-Net Working Capital among Construction companies is 6.62, based on 477 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 Luckland Co For the Construction industry, the median Net-Net Working Capital is 6.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Luckland Co's current Net-Net Working Capital is 円385.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Luckland Co stock overvalued right now?
Based on GuruFocus' analysis, Luckland Co (TSE:9612) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,654.36, compared to a current price of 円1,178.00 — trading 28.8% below its estimated fair value. The current Net-Net Working Capital is 円385.78. Luckland Co's overall GF Score™ is 74/100 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 Luckland Co (TSE:9612), the current Net-Net Working Capital is 円385.78 as of Jun. 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 Luckland Co (TSE:9612) Overvalued in 2026?
Based on GuruFocus' analysis, Luckland Co stock appears to be undervalued.
The current stock price of 円1,178.00 is trading 28.8% below its estimated GF Value™ of 円1,654.36.
GuruFocus considers Luckland Co to be Modestly Undervalued.
Key valuation signals for TSE:9612:
Net-Net Working Capital: 円385.78
GF Value™: 円1,654.36 vs. price of 円1,178.00 (28.8% below fair value)
No single metric tells the full story. See the TSE:9612 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Luckland Co Ltd is engaged in the designing, construction, and maintenance of commercial building facilities. The company specializes in food store construction. It also builds shopping malls, restaurants, theme parks, specialty stores, hotel, convenience store, and others.
74GF 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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