Alps Alpine CoAPELY -0.97%65 Net Current Asset Value is $10.37 as of Dec. 2025, which is 270% above its 10-year median of 2.80. GuruFocus rates APELY with a GF Score™ of 65/100 and a GF Value™ of $21.23 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,847 Hardware companies, Alps Alpine Co ranks better than 76.29% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Alps Alpine Co's net current asset value per share for the quarter that ended in Dec. 2025 was $10.37.
The historical rank and industry rank for Alps Alpine Co's Net Current Asset Value or its related term are showing as below:
APELY'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.86 Med: 2.8 Max: 19.62
Current: 2.34
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Alps Alpine Co was 19.62. The lowest was 1.86. And the median was 2.80.
APELY's Price-to-Net-Current-Asset-Value is ranked better than 76.29% of 1847
companies
in the Hardware industry
Industry Median: 5.39
vs APELY: 2.34
Alps Alpine Co (OTCPK:APELY) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. 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.
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 Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Alps Alpine Co Net Current Asset Value Related Terms
Alps Alpine Co Net Current Asset Value Historical Data
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The historical data trend for Alps Alpine Co's Net Current Asset Value 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.
APELY vs APH, GLW, TEL: Net Current Asset Value Comparison
For the Electronic Components subindustry, Alps Alpine Co's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.
Alps Alpine Co Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Alps Alpine Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Alps Alpine Co's Price-to-Net-Current-Asset-Value 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.
What does a Net Current Asset Value of $10.37 mean?
Alps Alpine Co (APELY) has a Net Current Asset Value of $10.37 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Alps Alpine Co and its competitors. This is 270% above median its historical median of 2.80. Over the past decade, Alps Alpine Co's Net Current Asset Value has ranged from 1.86 to 19.62. According to the industry distribution chart, Alps Alpine Co ranks #438 out of 1847 companies in the Hardware industry, placing it in the top 23.7%.
Is Alps Alpine Co's Net Current Asset Value too high?
Alps Alpine Co's current Net Current Asset Value of $10.37 is 270% above median its 10-year median of 2.80. Over the past 10 years, this metric has ranged from a low of 1.86 to a high of 19.62. The Hardware industry median Net Current Asset Value is 5.39. Alps Alpine Co's value of $10.37 is 92.4% above this industry median. Based on the distribution chart, Alps Alpine Co ranks #438 out of 1847 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Alps Alpine Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alps Alpine Co's Net Current Asset Value compare to APH and GLW?
According to the Hardware industry distribution chart, Alps Alpine Co ranks #438 out of 1847 companies for Net Current Asset Value. This places Alps Alpine Co in the top 24% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.39. Alps Alpine Co's value of $10.37 is 92.4% above this benchmark. Historically, Alps Alpine Co's own Net Current Asset Value has ranged from 1.86 to 19.62 over the past decade. While the company's 10-year median is 2.80 vs. the industry median of 5.39, Alps Alpine Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Hardware company?
The median Net Current Asset Value among Hardware companies is 5.39, based on 1,847 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Alps Alpine Co's current Net Current Asset Value of $10.37 is 92.4% 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 Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Alps Alpine Co and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alps Alpine Co's current Net Current Asset Value is $10.37, which is 270% above median its own 10-year median of 2.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alps Alpine Co stock overvalued right now?
Based on GuruFocus' analysis, Alps Alpine Co (APELY) is currently considered Modestly Overvalued. The stock's GF Value™ is $21.23, compared to a current price of $25.55 — trading 20.3% above its estimated fair value. The current Net Current Asset Value is $10.37, which is 270% above median its 10-year median of 2.80 and 92.4% above the Hardware industry median of 5.39. Alps Alpine Co's overall GF Score™ is 65/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Alps Alpine Co (APELY), the current Net Current Asset Value is $10.37 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 Alps Alpine Co (APELY) Overvalued in 2026?
Based on GuruFocus' analysis, Alps Alpine Co stock appears to be overvalued.
The current stock price of $25.55 is trading 20.3% above its estimated GF Value™ of $21.23.
GuruFocus considers Alps Alpine Co to be Modestly Overvalued.
Key valuation signals for APELY:
Net Current Asset Value: $10.37 (270% above median its 10-year median of 2.80)
GF Value™: $21.23 vs. price of $25.55 (20.3% above fair value)
Industry Position: 92.4% above the Hardware median (#438 of 1847)
No single metric tells the full story. See the APELY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alps Alpine Co Ltd is a Japan-based company mainly engaged in businesses related to the components, sensors and communications, and modules and systems businesses. The company operates through three segments. The Component segment manufactures and sells electronic components such as switches, actuators, and haptics. The Module/System segment provides automotive modules, infotainment systems, displays, and related services. The Sensor Communication segment handles sensors and communication devices. The Others segment includes system development, office services, screws, as well as finance and leasing businesses. It generates the majority of its revenue from the Module/System business segment.
65GF Score
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