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Toho Titanium Co (FRA:40A) Net Current Asset Value : €0.55 (As of Dec. 2024)


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What is Toho Titanium Co Net Current Asset Value?

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).

Toho Titanium Co's net current asset value per share for the quarter that ended in Dec. 2024 was €0.55.

The historical rank and industry rank for Toho Titanium Co's Net Current Asset Value or its related term are showing as below:

FRA:40A' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 17.73   Med: 24.24   Max: 33.33
Current: 28.27

During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Toho Titanium Co was 33.33. The lowest was 17.73. And the median was 24.24.

FRA:40A's Price-to-Net-Current-Asset-Value is ranked worse than
90.05% of 1035 companies
in the Metals & Mining industry
Industry Median: 6.25 vs FRA:40A: 28.27

Toho Titanium Co Net Current Asset Value Historical Data

The historical data trend for Toho Titanium 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.

* Premium members only.

Toho Titanium Co Net Current Asset Value Chart

Toho Titanium Co Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.19 -0.19 0.46 0.54 0.29

Toho Titanium Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.54 - 0.48 0.55 0.29

Competitive Comparison of Toho Titanium Co's Net Current Asset Value

For the Other Industrial Metals & Mining subindustry, Toho Titanium 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.


Toho Titanium Co's Price-to-Net-Current-Asset-Value Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Toho Titanium Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Toho Titanium Co's Price-to-Net-Current-Asset-Value falls into.


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Toho Titanium Co Net Current Asset Value Calculation

Toho Titanium Co's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Mar. 2025 is calculated as

Net Current Asset Value Per Share(A: Mar. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(432.751-412.36-0-0)/71.172
=0.29

Toho Titanium Co's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2024 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2024 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(460.63-421.62-0-0)/71.172
=0.55

* 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.


Toho Titanium Co  (FRA:40A) 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 Graham’s 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.


Toho Titanium Co Net Current Asset Value Related Terms

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Toho Titanium Co Business Description

Traded in Other Exchanges
Address
3-3-5,Chigasaki, Chigasaki City, Kanagawa, JPN, 2538510
Toho Titanium Co Ltd is a company which focuses on titanium products. Through its titanium business, the company manufactures titanium ingots, titanium sponge, high-purity titanium, and fabricated titanium products. Products are sold across several industries, mostly for aerospace and electronic materials production. Materials gained in the titanium production process are utilised to create catalysts, titanium dioxide for electronic materials, and nickel powder for capacitors. These products form the catalysts and chemicals business, and the output is largely sold to petrochemical companies and businesses manufacturing electronic materials.

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