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Altech CoTSE:9972 +1.42%75 Net-Net Working Capital is 円83.04 as of May. 2026. GuruFocus rates TSE:9972 with a GF Score™ of 75/100 and a GF Value™ of 円251.39 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,319 Industrial Products companies, Altech Co ranks better than 79.38% 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.
Altech Co's Net-Net Working Capital for the quarter that ended in May. 2026 was 円83.04.
The industry rank for Altech Co's Net-Net Working Capital or its related term are showing as below:
TSE:9972's Price-to-Net-Net-Working-Capital is ranked better than 79.38% of 1319
companies
in the Industrial Products industry
Industry Median: 8.18
vs TSE:9972: 3.43
Altech Co (TSE:9972) 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.
Altech Co Net-Net Working Capital Related Terms
Altech Co Net-Net Working Capital Historical Data
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The historical data trend for Altech 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:9972 vs GEV, ETN, PH: Net-Net Working Capital Comparison
For the Specialty Industrial Machinery subindustry, Altech 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.
Altech Co Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Altech Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Altech 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83.04 mean?
Altech Co (TSE:9972) has a Net-Net Working Capital of 円83.04 as of May. 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 Altech Co According to the industry distribution chart, Altech Co ranks #272 out of 1319 companies in the Industrial Products industry, placing it in the top 20.6%.
Is Altech Co's Net-Net Working Capital too high?
Altech Co's current Net-Net Working Capital is 円83.04. Based on the distribution chart, Altech Co ranks #272 out of 1319 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Altech Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Altech Co's Net-Net Working Capital compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Altech Co ranks #272 out of 1319 companies for Net-Net Working Capital. This places Altech Co in the top 21% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.18. 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 Products company?
The median Net-Net Working Capital among Industrial Products companies is 8.18, based on 1,319 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 Altech Co For the Industrial Products industry, the median Net-Net Working Capital is 8.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altech Co's current Net-Net Working Capital is 円83.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altech Co stock overvalued right now?
Based on GuruFocus' analysis, Altech Co (TSE:9972) is currently considered Modestly Overvalued. The stock's GF Value™ is 円251.39, compared to a current price of 円285.00 — trading 13.4% above its estimated fair value. The current Net-Net Working Capital is 円83.04. Altech Co's overall GF Score™ is 75/100 with 4 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 Altech Co (TSE:9972), the current Net-Net Working Capital is 円83.04 as of May. 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 Altech Co (TSE:9972) Overvalued in 2026?
Based on GuruFocus' analysis, Altech Co stock appears to be overvalued.
The current stock price of 円285.00 is trading 13.4% above its estimated GF Value™ of 円251.39.
GuruFocus considers Altech Co to be Modestly Overvalued.
Key valuation signals for TSE:9972:
Net-Net Working Capital: 円83.04
GF Value™: 円251.39 vs. price of 円285.00 (13.4% above fair value)
No single metric tells the full story. See the TSE:9972 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altech Co Ltd is engaged in the trading business, which purchases and sells industrial machinery and equipment, and provides related services. It manufactures and sells preforms for PET bottles and plastic caps, and provides related services. Geographically, it operates in Japan, Asia, Americas, and Europe, of which Japan derives maximum revenue. The company's products include: Automotive-related, AV control systems, Printing, Container & Packaging, 3D Printers, Logistics & Supply Chain, Robotics, IC card/RFID tag systems, 5G/IoT inspection equipment, Plastic processing & extrusion equipment, Composite materials, Next-generation electronics, Nanotechnology, Food manufacturing & processing, Medical & pharmaceutical, Cosmetics, Chemical, Water treatment, and Beverage systems.
75GF Score
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