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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.
Trusco Nakayama's Net-Net Working Capital for the quarter that ended in Jun. 2026 was 円-140.08.
The industry rank for Trusco Nakayama's Net-Net Working Capital or its related term are showing as below:
TSE:9830's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Distribution industry.
Industry Median: 6.675 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Trusco Nakayama (TSE:9830) 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.
Trusco Nakayama Net-Net Working Capital Related Terms
Trusco Nakayama Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Trusco Nakayama'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:9830 vs GWW, FAST, FERG: Net-Net Working Capital Comparison
For the Industrial Distribution subindustry, Trusco Nakayama'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.
Trusco Nakayama Price-to-Net-Net-Working-Capital vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Trusco Nakayama's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Trusco Nakayama'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?
Trusco Nakayama (TSE:9830) has a Net-Net Working Capital of 円-140.08 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 Trusco Nakayama According to the industry distribution chart, Trusco Nakayama ranks #999999 out of 56 companies in the Industrial Distribution industry.
Is Trusco Nakayama's Net-Net Working Capital too high?
Trusco Nakayama's current Net-Net Working Capital is 円-140.08. Based on the distribution chart, Trusco Nakayama ranks #999999 out of 56 companies in the Industrial Distribution industry, which is in the bottom quartile relative to peers. Overall, Trusco Nakayama has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Trusco Nakayama's Net-Net Working Capital compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Trusco Nakayama ranks #999999 out of 56 companies for Net-Net Working Capital. This places Trusco Nakayama in the lower half of its industry. The industry median Net-Net Working Capital is 6.68. 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 an Industrial Distribution company?
The median Net-Net Working Capital among Industrial Distribution companies is 6.68, based on 56 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 Trusco Nakayama For the Industrial Distribution industry, the median Net-Net Working Capital is 6.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trusco Nakayama'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 Trusco Nakayama stock overvalued right now?
Based on GuruFocus' analysis, Trusco Nakayama (TSE:9830) is currently considered Fairly Valued. The stock's GF Value™ is 円2,241.09, compared to a current price of 円2,417.00 — trading 7.8% above its estimated fair value. The current Net-Net Working Capital is 円-140.08. Trusco Nakayama's overall GF Score™ is 88/100 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 Trusco Nakayama (TSE:9830), the current Net-Net Working Capital is 円-140.08 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 Trusco Nakayama (TSE:9830) Overvalued in 2026?
Based on GuruFocus' analysis, Trusco Nakayama stock appears to be overvalued.
The current stock price of 円2,417.00 is trading 7.8% above its estimated GF Value™ of 円2,241.09.
GuruFocus considers Trusco Nakayama to be Fairly Valued.
Key valuation signals for TSE:9830:
Net-Net Working Capital: 円-140.08
GF Value™: 円2,241.09 vs. price of 円2,417.00 (7.8% above fair value)
No single metric tells the full story. See the TSE:9830 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trusco Nakayama Corp is a Japanese wholesaler of tools to the manufacturing industry. The company engages in the wholesale of machine tools, distribution of equipment and environmental safety equipment, consumables, and furniture and fixtures. The products are sold to machinery tools dealers, online shops, and home centers. End clients include manufacturers, general consumers, and construction-related businesses. The company sells its wholesale products in Japan.
88GF Score
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