Exceed WorldEXDW 44 Net Current Asset Value is $0.13 as of Sep. 2025, which is 92% below its 10-year median of 1.56. GuruFocus rates EXDW with a GF Score™ of 44/100 and a GF Value™ of $0.15. The stock has 8 warning signs investors should review. Among 120 Education companies, Exceed World ranks better than 67.5% 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).
Exceed World's net current asset value per share for the quarter that ended in Sep. 2025 was $0.13.
The historical rank and industry rank for Exceed World's Net Current Asset Value or its related term are showing as below:
EXDW'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.74 Med: 1.56 Max: 4.24
Current: 2.25
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of Exceed World was 4.24. The lowest was 0.74. And the median was 1.56.
EXDW's Price-to-Net-Current-Asset-Value is ranked better than 67.5% of 120
companies
in the Education industry
Industry Median: 4.965
vs EXDW: 2.25
Exceed World (OTCPK:EXDW) 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.
Exceed World Net Current Asset Value Related Terms
Exceed World Net Current Asset Value Historical Data
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The historical data trend for Exceed World'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.
EXDW vs ASPU, WAFU, AMBO: Net Current Asset Value Comparison
For the Education & Training Services subindustry, Exceed World'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.
Exceed World Price-to-Net-Current-Asset-Value vs Education Industry
For the Education industry and Consumer Defensive sector, Exceed World's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Exceed World'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 $0.13 mean?
Exceed World (EXDW) has a Net Current Asset Value of $0.13 as of Sep. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Exceed World and its competitors. This is 92% below median its historical median of 1.56. Over the past decade, Exceed World's Net Current Asset Value has ranged from 0.74 to 4.24. According to the industry distribution chart, Exceed World ranks #39 out of 120 companies in the Education industry, placing it in the top 32.5%.
Is Exceed World's Net Current Asset Value too high?
Exceed World's current Net Current Asset Value of $0.13 is 92% below median its 10-year median of 1.56. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 4.24. The Education industry median Net Current Asset Value is 4.97. Exceed World's value of $0.13 is 97.4% below this industry median. Based on the distribution chart, Exceed World ranks #39 out of 120 companies in the Education industry, which is above the industry midpoint. Overall, Exceed World has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Exceed World's Net Current Asset Value compare to ASPU and WAFU?
According to the Education industry distribution chart, Exceed World ranks #39 out of 120 companies for Net Current Asset Value. This puts Exceed World in the upper half of its industry. The industry median Net Current Asset Value is 4.97. Exceed World's value of $0.13 is 97.4% below this benchmark. Historically, Exceed World's own Net Current Asset Value has ranged from 0.74 to 4.24 over the past decade. While the company's 10-year median is 1.56 vs. the industry median of 4.97, Exceed World has consistently been below 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 an Education company?
The median Net Current Asset Value among Education companies is 4.97, based on 120 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. Exceed World's current Net Current Asset Value of $0.13 is 97.4% 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 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 Exceed World and its competitors. For the Education industry, the median Net Current Asset Value is 4.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exceed World's current Net Current Asset Value is $0.13, which is 92% below median its own 10-year median of 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exceed World stock overvalued right now?
Exceed World (EXDW) has a current Net Current Asset Value of $0.13. The stock's GF Value™ is $0.15, compared to a current price of $0.29 — trading 95% above its estimated fair value. The current Net Current Asset Value is $0.13, which is 92% below median its 10-year median of 1.56 and 97.4% below the Education industry median of 4.97. Exceed World's overall GF Score™ is 44/100 with 8 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 Exceed World (EXDW), the current Net Current Asset Value is $0.13 as of Sep. 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 Exceed World (EXDW) Overvalued in 2026?
Based on GuruFocus' analysis, Exceed World stock appears to be overvalued.
The current stock price of $0.29 is trading 95% above its estimated GF Value™ of $0.15.
Key valuation signals for EXDW:
Net Current Asset Value: $0.13 (92% below median its 10-year median of 1.56)
GF Value™: $0.15 vs. price of $0.29 (95% above fair value)
Industry Position: 97.4% below the Education median (#39 of 120)
No single metric tells the full story. See the EXDW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Exceed World Inc is engaged in the education service business and provides educational services through an internet platform called Force Club. The company is an education service provider in Japan, offering a range of e-learning education programs and supporting services through Force Club. Its e-learning programs, procured from independent third-party software developers, include pre-school learning resources, resources supplementing elementary, junior high, and senior high school curricula, preparation courses for university entrance and professional qualification examinations, and English learning, serving customers from pre-school children to students and adult learners, mainly as supplemental learning resources and self-learning tools.
44GF Score
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