361 Degrees InternationalTSIOF 64 Net-Net Working Capital is $0.30 as of Dec. 2025. GuruFocus rates TSIOF with a GF Score™ of 64/100 and a GF Value™ of $0.79 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 375 Manufacturing - Apparel & Accessories companies, 361 Degrees International ranks better than 79.73% 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.
361 Degrees International's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $0.30.
The industry rank for 361 Degrees International's Net-Net Working Capital or its related term are showing as below:
TSIOF's Price-to-Net-Net-Working-Capital is ranked better than 79.73% of 375
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.31
vs TSIOF: 1.81
361 Degrees International (OTCPK:TSIOF) 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.
361 Degrees International Net-Net Working Capital Related Terms
361 Degrees International Net-Net Working Capital Historical Data
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The historical data trend for 361 Degrees International'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.
361 Degrees International Net-Net Working Capital Chart
TSIOF vs NKE, DECK, ONON: Net-Net Working Capital Comparison
For the Footwear & Accessories subindustry, 361 Degrees International'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.
361 Degrees International Price-to-Net-Net-Working-Capital vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, 361 Degrees International's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where 361 Degrees International'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 $0.30 mean?
361 Degrees International (TSIOF) has a Net-Net Working Capital of $0.30 as of Dec. 2025. 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 361 Degrees International According to the industry distribution chart, 361 Degrees International ranks #76 out of 375 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 20.3%.
Is 361 Degrees International's Net-Net Working Capital too high?
361 Degrees International's current Net-Net Working Capital is $0.30. The Manufacturing - Apparel & Accessories industry median Net-Net Working Capital is 5.31. 361 Degrees International's value of $0.30 is 94.4% below this industry median. Based on the distribution chart, 361 Degrees International ranks #76 out of 375 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, 361 Degrees International has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 361 Degrees International's Net-Net Working Capital compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, 361 Degrees International ranks #76 out of 375 companies for Net-Net Working Capital. This places 361 Degrees International in the top 20% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 5.31. 361 Degrees International's value of $0.30 is 94.4% below 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 a Manufacturing - Apparel & Accessories company?
The median Net-Net Working Capital among Manufacturing - Apparel & Accessories companies is 5.31, based on 375 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. 361 Degrees International's current Net-Net Working Capital of $0.30 is 94.4% below 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 361 Degrees International For the Manufacturing - Apparel & Accessories industry, the median Net-Net Working Capital is 5.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 361 Degrees International's current Net-Net Working Capital is $0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 361 Degrees International stock overvalued right now?
Based on GuruFocus' analysis, 361 Degrees International (TSIOF) is currently considered Significantly Undervalued. The stock's GF Value™ is $0.79, compared to a current price of $0.54 — trading 31.3% below its estimated fair value. The current Net-Net Working Capital is $0.30 and 94.4% below the Manufacturing - Apparel & Accessories industry median of 5.31. 361 Degrees International's overall GF Score™ is 64/100 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 361 Degrees International (TSIOF), the current Net-Net Working Capital is $0.30 as of Dec. 2025. 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 361 Degrees International (TSIOF) Overvalued in 2026?
Based on GuruFocus' analysis, 361 Degrees International stock appears to be undervalued.
The current stock price of $0.54 is trading 31.3% below its estimated GF Value™ of $0.79.
GuruFocus considers 361 Degrees International to be Significantly Undervalued.
Key valuation signals for TSIOF:
Net-Net Working Capital: $0.30
GF Value™: $0.79 vs. price of $0.54 (31.3% below fair value)
Industry Position: 94.4% below the Manufacturing - Apparel & Accessories median (#76 of 375)
No single metric tells the full story. See the TSIOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
361 Degrees International Ltd is a Chinese manufacturer of sporting goods. Its reportable segments include Adults and Kids. It reports revenue across four product lines: footwear, apparel, accessories, and others. Footwear and apparel are the important product lines, each contributing close to half the company's revenue, and the majority of sales are made across the adult segment. The Adults segment derives revenue from the manufacturing and trading of adult sporting goods, and the Kids segment derives revenue from the trading of kids' sporting goods. Geographically, the company's revenue is predominantly derived from the sale of its products in the People's Republic of China (PRC).
64GF Score
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