TWG (Top Wealth Group Holding) Net-Net Working Capital: $6.43 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TWG Top Wealth Group Holding Ltd TWG
21 GF Score
Price $1.15
! 5 Warning Signs
View Full Analysis

What is Top Wealth Group Holding Net-Net Working Capital?

Top Wealth Group Holding TWG -0.86% 21 Net-Net Working Capital is $6.43 as of Dec. 2025. GuruFocus rates TWG with a GF Score™ of 21/100. The stock has 5 warning signs investors should review. Among 80 Retail - Defensive companies, Top Wealth Group Holding ranks better than 98.75% 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.

Top Wealth Group Holding's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $6.43.

The industry rank for Top Wealth Group Holding's Net-Net Working Capital or its related term are showing as below:

TWG's Price-to-Net-Net-Working-Capital is ranked better than
98.75% of 80 companies
in the Retail - Defensive industry
Industry Median: 5.215 vs TWG: 0.18

Top Wealth Group Holding  (NAS:TWG) 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.


Top Wealth Group Holding Net-Net Working Capital Related Terms


Top Wealth Group Holding Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Top Wealth Group Holding'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.

Top Wealth Group Holding Net-Net Working Capital Chart

Top Wealth Group Holding Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
-0.81 1.13 7.13 0.08 6.43

Top Wealth Group Holding Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only 7.13 3.57 0.08 4.70 6.43

TWG vs HCIL, DIT, HFFG: Net-Net Working Capital Comparison

For the Food Distribution subindustry, Top Wealth Group Holding'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.


Top Wealth Group Holding Price-to-Net-Net-Working-Capital vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Top Wealth Group Holding's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Top Wealth Group Holding's Price-to-Net-Net-Working-Capital falls into.


TWG
21GF Score
Top Wealth Group Holding Ltd TWG
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Top Wealth Group Holding Net-Net Working Capital Calculation

Top Wealth Group Holding's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.387+0.75 * 9.249+0.5 * 3.546-1.671
-0-0)/1.467
=6.43

Top Wealth Group Holding's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2025 is calculated as

Net-Net Working Capital(Q: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.387+0.75 * 9.249+0.5 * 3.546-1.671
-0-0)/1.467
=6.43

* 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 $6.43 mean?
Top Wealth Group Holding (TWG) has a Net-Net Working Capital of $6.43 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 Top Wealth Group Holding According to the industry distribution chart, Top Wealth Group Holding ranks #1 out of 80 companies in the Retail - Defensive industry, placing it in the top 1.2%.
Is Top Wealth Group Holding's Net-Net Working Capital too high?
Top Wealth Group Holding's current Net-Net Working Capital is $6.43. The Retail - Defensive industry median Net-Net Working Capital is 5.22. Top Wealth Group Holding's value of $6.43 is 23.3% above this industry median. Based on the distribution chart, Top Wealth Group Holding ranks #1 out of 80 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Top Wealth Group Holding has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Top Wealth Group Holding's Net-Net Working Capital compare to HCIL and DIT?
According to the Retail - Defensive industry distribution chart, Top Wealth Group Holding ranks #1 out of 80 companies for Net-Net Working Capital. This places Top Wealth Group Holding in the top 1% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 5.22. Top Wealth Group Holding's value of $6.43 is 23.3% 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 a Retail - Defensive company?
The median Net-Net Working Capital among Retail - Defensive companies is 5.22, based on 80 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. Top Wealth Group Holding's current Net-Net Working Capital of $6.43 is 23.3% 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 Top Wealth Group Holding For the Retail - Defensive industry, the median Net-Net Working Capital is 5.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Wealth Group Holding's current Net-Net Working Capital is $6.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Wealth Group Holding stock overvalued right now?
Top Wealth Group Holding (TWG) has a current Net-Net Working Capital of $6.43. The current Net-Net Working Capital is $6.43 and 23.3% above the Retail - Defensive industry median of 5.22. Top Wealth Group Holding's overall GF Score™ is 21/100 with 5 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 Top Wealth Group Holding (TWG), the current Net-Net Working Capital is $6.43 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.

Top Wealth Group Holding Business Description

Address 118 Connaught Road West, Units 714 & 715, 7th Floor, Hong Kong Plaza, Hong Kong, HKG
Top Wealth Group Holding Ltd is engaged in the supply of caviar and caviar-based gourmet products. The company specializes in high-quality sturgeon caviar and related gourmet food offerings.
21GF Score

Get the complete analysis for TWG

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.15
Price