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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.
Shibaura Machine Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $8.01.
The industry rank for Shibaura Machine Co's Net-Net Working Capital or its related term are showing as below:
TSHMF's Price-to-Net-Net-Working-Capital is ranked better than 79.49% of 1360
companies
in the Industrial Products industry
Industry Median: 7.825
vs TSHMF: 3.25
Shibaura Machine Co (OTCPK:TSHMF) 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.
Shibaura Machine Co Net-Net Working Capital Related Terms
Shibaura Machine Co Net-Net Working Capital Historical Data
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The historical data trend for Shibaura Machine 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.
TSHMF vs GEV, ETN, PH: Net-Net Working Capital Comparison
For the Specialty Industrial Machinery subindustry, Shibaura Machine 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.
Shibaura Machine Co Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shibaura Machine Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Shibaura Machine 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 $8.01 mean?
Shibaura Machine Co (TSHMF) has a Net-Net Working Capital of $8.01 as of Mar. 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 Shibaura Machine Co According to the industry distribution chart, Shibaura Machine Co ranks #279 out of 1360 companies in the Industrial Products industry, placing it in the top 20.5%.
Is Shibaura Machine Co's Net-Net Working Capital too high?
Shibaura Machine Co's current Net-Net Working Capital is $8.01. The Industrial Products industry median Net-Net Working Capital is 7.83. Shibaura Machine Co's value of $8.01 is 2.4% above this industry median. Based on the distribution chart, Shibaura Machine Co ranks #279 out of 1360 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Shibaura Machine Co has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Shibaura Machine Co's Net-Net Working Capital compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Shibaura Machine Co ranks #279 out of 1360 companies for Net-Net Working Capital. This places Shibaura Machine Co in the top 21% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 7.83. Shibaura Machine Co's value of $8.01 is 2.4% above this benchmark. 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 7.83, based on 1,360 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. Shibaura Machine Co's current Net-Net Working Capital of $8.01 is 2.4% above the industry median. 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 Shibaura Machine Co For the Industrial Products industry, the median Net-Net Working Capital is 7.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shibaura Machine Co's current Net-Net Working Capital is $8.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shibaura Machine Co stock overvalued right now?
Shibaura Machine Co (TSHMF) has a current Net-Net Working Capital of $8.01. The stock's GF Value™ is $21.06, compared to a current price of $26.11 — trading 24% above its estimated fair value. The current Net-Net Working Capital is $8.01 and 2.4% above the Industrial Products industry median of 7.83. Shibaura Machine Co's overall GF Score™ is 88/100 with 3 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 Shibaura Machine Co (TSHMF), the current Net-Net Working Capital is $8.01 as of Mar. 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 Shibaura Machine Co (TSHMF) Overvalued in 2026?
Based on GuruFocus' analysis, Shibaura Machine Co stock appears to be overvalued.
The current stock price of $26.11 is trading 24% above its estimated GF Value™ of $21.06.
Key valuation signals for TSHMF:
Net-Net Working Capital: $8.01
GF Value™: $21.06 vs. price of $26.11 (24% above fair value)
Industry Position: 2.4% above the Industrial Products median (#279 of 1360)
No single metric tells the full story. See the TSHMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shibaura Machine Co Ltd is engaged in manufacturing and distribution of molding machineries and machine tools. The business of the company is divided into two segments: molding machinery and machine tools. The company's product portfolio comprises injection molding machines, die-casting machines, plastic extrusion, large-size machine tools, portal-type machine tools, machining centers, horizontal boring machines, and high-precision machines, among others. The company's products are used in manufacturing of computers, automobile engines, transmissions, medical products, high-precision lenses, displays, construction machines, and wind power generation. A vast majority of the company's revenue is generated by the molding machinery segment, and the company earns most of its revenue in Japan.
88GF Score
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