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Chugoku Marine PaintsCUGKF 83 Net Current Asset Value is $7.07 as of Mar. 2026, which is 242% above its 10-year median of 2.07. GuruFocus rates CUGKF with a GF Score™ of 83/100 and a GF Value™ of $20.08. The stock has 1 warning sign investors should review. Among 945 Chemicals companies, Chugoku Marine Paints ranks better than 65.82% 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).
Chugoku Marine Paints's net current asset value per share for the quarter that ended in Mar. 2026 was $7.07.
The historical rank and industry rank for Chugoku Marine Paints's Net Current Asset Value or its related term are showing as below:
CUGKF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.57 Med: 2.07 Max: 3.19
Current: 3.15
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Chugoku Marine Paints was 3.19. The lowest was 1.57. And the median was 2.07.
CUGKF's Price-to-Net-Current-Asset-Value is ranked better than 65.82% of 945
companies
in the Chemicals industry
Industry Median: 5.15
vs CUGKF: 3.15
Chugoku Marine Paints (OTCPK:CUGKF) 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.
Chugoku Marine Paints Net Current Asset Value Related Terms
Chugoku Marine Paints Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Chugoku Marine Paints'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.
Chugoku Marine Paints Net Current Asset Value Chart
CUGKF vs LIN, SHW, ECL: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Chugoku Marine Paints'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.
Chugoku Marine Paints Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Chugoku Marine Paints's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Chugoku Marine Paints'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 $7.07 mean?
Chugoku Marine Paints (CUGKF) has a Net Current Asset Value of $7.07 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Chugoku Marine Paints and its competitors. This is 242% above median its historical median of 2.07. Over the past decade, Chugoku Marine Paints' Net Current Asset Value has ranged from 1.57 to 3.19. According to the industry distribution chart, Chugoku Marine Paints ranks #323 out of 945 companies in the Chemicals industry, placing it in the top 34.2%.
Is Chugoku Marine Paints' Net Current Asset Value too high?
Chugoku Marine Paints' current Net Current Asset Value of $7.07 is 242% above median its 10-year median of 2.07. Over the past 10 years, this metric has ranged from a low of 1.57 to a high of 3.19. The Chemicals industry median Net Current Asset Value is 5.15. Chugoku Marine Paints' value of $7.07 is 37.3% above this industry median. Based on the distribution chart, Chugoku Marine Paints ranks #323 out of 945 companies in the Chemicals industry, which is above the industry midpoint. Overall, Chugoku Marine Paints has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Chugoku Marine Paints' Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, Chugoku Marine Paints ranks #323 out of 945 companies for Net Current Asset Value. This puts Chugoku Marine Paints in the upper half of its industry. The industry median Net Current Asset Value is 5.15. Chugoku Marine Paints' value of $7.07 is 37.3% above this benchmark. Historically, Chugoku Marine Paints' own Net Current Asset Value has ranged from 1.57 to 3.19 over the past decade. While the company's 10-year median is 2.07 vs. the industry median of 5.15, Chugoku Marine Paints 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 Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.15, based on 945 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. Chugoku Marine Paints's current Net Current Asset Value of $7.07 is 37.3% 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 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 Chugoku Marine Paints and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chugoku Marine Paints's current Net Current Asset Value is $7.07, which is 242% above median its own 10-year median of 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chugoku Marine Paints stock overvalued right now?
Chugoku Marine Paints (CUGKF) has a current Net Current Asset Value of $7.07. The stock's GF Value™ is $20.08, compared to a current price of $28.53 — trading 42.1% above its estimated fair value. The current Net Current Asset Value is $7.07, which is 242% above median its 10-year median of 2.07 and 37.3% above the Chemicals industry median of 5.15. Chugoku Marine Paints' overall GF Score™ is 83/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Chugoku Marine Paints (CUGKF), the current Net Current Asset Value is $7.07 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 Chugoku Marine Paints (CUGKF) Overvalued in 2026?
Based on GuruFocus' analysis, Chugoku Marine Paints stock appears to be overvalued.
The current stock price of $28.53 is trading 42.1% above its estimated GF Value™ of $20.08.
Key valuation signals for CUGKF:
Net Current Asset Value: $7.07 (242% above median its 10-year median of 2.07)
GF Value™: $20.08 vs. price of $28.53 (42.1% above fair value)
Industry Position: 37.3% above the Chemicals median (#323 of 945)
No single metric tells the full story. See the CUGKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chugoku Marine Paints Ltd is a Japanese paint manufacturing firm. The company engages in manufacturing and marketing a variety of paints and coating materials which include marine paints, industrial paints, and container paints. Its products are used for various industry applications such as anti-fouling and epoxy paint for ships, caulking material for railways, and UV curable paint for plastics. It also undertakes painting contracts and serves a wide range of client base from across the world.
83GF Score
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