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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.
Ohsho Food Service's Net-Net Working Capital for the quarter that ended in Jun. 2026 was 円117.70.
The industry rank for Ohsho Food Service's Net-Net Working Capital or its related term are showing as below:
TSE:9936's Price-to-Net-Net-Working-Capital is ranked worse than 65.96% of 47
companies
in the Restaurants industry
Industry Median: 13.95
vs TSE:9936: 25.27
Ohsho Food Service (TSE:9936) 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.
Ohsho Food Service Net-Net Working Capital Related Terms
Ohsho Food Service Net-Net Working Capital Historical Data
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The historical data trend for Ohsho Food Service'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:9936 vs MCD, SBUX, YUM: Net-Net Working Capital Comparison
For the Restaurants subindustry, Ohsho Food Service'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.
Ohsho Food Service Price-to-Net-Net-Working-Capital vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Ohsho Food Service's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Ohsho Food Service'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117.70 mean?
Ohsho Food Service (TSE:9936) has a Net-Net Working Capital of 円117.70 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 Ohsho Food Service According to the industry distribution chart, Ohsho Food Service ranks #31 out of 47 companies in the Restaurants industry, placing it in the top 66%.
Is Ohsho Food Service's Net-Net Working Capital too high?
Ohsho Food Service's current Net-Net Working Capital is 円117.70. Based on the distribution chart, Ohsho Food Service ranks #31 out of 47 companies in the Restaurants industry, which is below the industry midpoint. Overall, Ohsho Food Service has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ohsho Food Service's Net-Net Working Capital compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Ohsho Food Service ranks #31 out of 47 companies for Net-Net Working Capital. This places Ohsho Food Service in the lower half of its industry. The industry median Net-Net Working Capital is 13.95. 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 Restaurants company?
The median Net-Net Working Capital among Restaurants companies is 13.95, based on 47 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 Ohsho Food Service For the Restaurants industry, the median Net-Net Working Capital is 13.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ohsho Food Service's current Net-Net Working Capital is 円117.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ohsho Food Service stock overvalued right now?
Based on GuruFocus' analysis, Ohsho Food Service (TSE:9936) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,389.75, compared to a current price of 円2,974.00 — trading 12.3% below its estimated fair value. The current Net-Net Working Capital is 円117.70. Ohsho Food Service's overall GF Score™ is 87/100 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 Ohsho Food Service (TSE:9936), the current Net-Net Working Capital is 円117.70 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 Ohsho Food Service (TSE:9936) Overvalued in 2026?
Based on GuruFocus' analysis, Ohsho Food Service stock appears to be undervalued.
The current stock price of 円2,974.00 is trading 12.3% below its estimated GF Value™ of 円3,389.75.
GuruFocus considers Ohsho Food Service to be Modestly Undervalued.
Key valuation signals for TSE:9936:
Net-Net Working Capital: 円117.70
GF Value™: 円3,389.75 vs. price of 円2,974.00 (12.3% below fair value)
No single metric tells the full story. See the TSE:9936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ohsho Food Service Corp is a Japanese company which operates Chinese restaurant chains offering Chinese dishes, as well as the sale of Chinese food ingredients and others. The company provides noodles, dumpling skins, fillings for dumplings, sliced pork, as well as alcoholic beverages and soft drinks, among others.
87GF 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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