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.
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.
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.
TYCMY's Price-to-Net-Net-Working-Capital is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 6.53 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Tingyi (Cayman Islands) Holding (OTCPK:TYCMY) 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.
Tingyi (Cayman Islands) Holding Net-Net Working Capital Related Terms
Tingyi (Cayman Islands) Holding Net-Net Working Capital Historical Data
* 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.
Tingyi (Cayman Islands) Holding Net-Net Working Capital Chart
TYCMY vs KHC, GIS: Net-Net Working Capital Comparison
For the Packaged Foods subindustry, Tingyi (Cayman Islands) 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.
Tingyi (Cayman Islands) Holding Price-to-Net-Net-Working-Capital vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tingyi (Cayman Islands) Holding's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Tingyi (Cayman Islands) Holding'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 $-11.82 mean?
Tingyi (Cayman Islands) Holding (TYCMY) has a Net-Net Working Capital of $-11.82 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 Tingyi (Cayman Islands) Holding According to the industry distribution chart, Tingyi (Cayman Islands) Holding ranks #999999 out of 664 companies in the Consumer Packaged Goods industry.
Is Tingyi (Cayman Islands) Holding's Net-Net Working Capital too high?
Tingyi (Cayman Islands) Holding's current Net-Net Working Capital is $-11.82. Based on the distribution chart, Tingyi (Cayman Islands) Holding ranks #999999 out of 664 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Tingyi (Cayman Islands) Holding has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tingyi (Cayman Islands) Holding's Net-Net Working Capital compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Tingyi (Cayman Islands) Holding ranks #999999 out of 664 companies for Net-Net Working Capital. This places Tingyi (Cayman Islands) Holding in the lower half of its industry. The industry median Net-Net Working Capital is 6.53. 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 Consumer Packaged Goods company?
The median Net-Net Working Capital among Consumer Packaged Goods companies is 6.53, based on 664 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 Tingyi (Cayman Islands) Holding For the Consumer Packaged Goods industry, the median Net-Net Working Capital is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tingyi (Cayman Islands) Holding's current Net-Net Working Capital is $-11.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tingyi (Cayman Islands) Holding stock overvalued right now?
Based on GuruFocus' analysis, Tingyi (Cayman Islands) Holding (TYCMY) is currently considered Fairly Valued. The stock's GF Value™ is $30.62, compared to a current price of $29.78 — trading 2.7% below its estimated fair value. The current Net-Net Working Capital is $-11.82. Tingyi (Cayman Islands) Holding's overall GF Score™ is 75/100 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 Tingyi (Cayman Islands) Holding (TYCMY), the current Net-Net Working Capital is $-11.82 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 Tingyi (Cayman Islands) Holding (TYCMY) Overvalued in 2026?
Based on GuruFocus' analysis, Tingyi (Cayman Islands) Holding stock appears to be undervalued.
The current stock price of $29.78 is trading 2.7% below its estimated GF Value™ of $30.62.
GuruFocus considers Tingyi (Cayman Islands) Holding to be Fairly Valued.
Key valuation signals for TYCMY:
Net-Net Working Capital: $-11.82
GF Value™: $30.62 vs. price of $29.78 (2.7% below fair value)
No single metric tells the full story. See the TYCMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tingyi (Cayman Islands) Holding Business Description
Tingyi is a leading producer of instant noodles and ready-to-drink beverages in China, with its Master Kong brand being the most popular. The company commenced its instant noodle business in China since 1992 and expanded into beverages in 1996. In March 2012, Tingyi formed a strategic alliance with PepsiCo and became China's exclusive manufacturer and distributor of Pepsi's nonalcoholic drinks.
75GF Score
Get the complete analysis for TYCMY
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TYCMY has been successfully added to your 
