Toa (Electric Appliances)FRA:F7N +1.21%75 Net Current Asset Value is €5.73 as of Mar. 2026, which is 100% below its 10-year median of 1.34. GuruFocus rates FRA:F7N with a GF Score™ of 75/100 and a GF Value™ of €6.76. The stock has 1 warning sign investors should review. Among 625 Business Services companies, Toa (Electric Appliances) ranks better than 81.76% 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).
Toa (Electric Appliances)'s net current asset value per share for the quarter that ended in Mar. 2026 was €5.73.
The historical rank and industry rank for Toa (Electric Appliances)'s Net Current Asset Value or its related term are showing as below:
FRA:F7N'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.91 Med: 1.34 Max: 1.68
Current: 1.54
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Toa (Electric Appliances) was 1.68. The lowest was 0.91. And the median was 1.34.
FRA:F7N's Price-to-Net-Current-Asset-Value is ranked better than 81.76% of 625
companies
in the Business Services industry
Industry Median: 3.76
vs FRA:F7N: 1.54
Toa (Electric Appliances) (FRA:F7N) 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.
Toa (Electric Appliances) Net Current Asset Value Related Terms
Toa (Electric Appliances) Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Toa (Electric Appliances)'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.
Toa (Electric Appliances) Net Current Asset Value Chart
FRA:F7N vs ALLE, MSA, ADT: Net Current Asset Value Comparison
For the Security & Protection Services subindustry, Toa (Electric Appliances)'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.
Toa (Electric Appliances) Price-to-Net-Current-Asset-Value vs Business Services Industry
For the Business Services industry and Industrials sector, Toa (Electric Appliances)'s Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Toa (Electric Appliances)'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 €5.73 mean?
Toa (Electric Appliances) (FRA:F7N) has a Net Current Asset Value of €5.73 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 Toa (Electric Appliances) and its competitors. This is 328% above median its historical median of 1.34. Over the past decade, Toa (Electric Appliances)'s Net Current Asset Value has ranged from 0.91 to 1.68. According to the industry distribution chart, Toa (Electric Appliances) ranks #114 out of 625 companies in the Business Services industry, placing it in the top 18.2%.
Is Toa (Electric Appliances)'s Net Current Asset Value too high?
Toa (Electric Appliances)'s current Net Current Asset Value of €5.73 is 328% above median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 1.68. Based on the distribution chart, Toa (Electric Appliances) ranks #114 out of 625 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Toa (Electric Appliances) has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Toa (Electric Appliances)'s Net Current Asset Value compare to ALLE and MSA?
According to the Business Services industry distribution chart, Toa (Electric Appliances) ranks #114 out of 625 companies for Net Current Asset Value. This places Toa (Electric Appliances) in the top 18% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.76. Historically, Toa (Electric Appliances)'s own Net Current Asset Value has ranged from 0.91 to 1.68 over the past decade. 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 Business Services company?
The median Net Current Asset Value among Business Services companies is 3.76, based on 625 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. 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 Toa (Electric Appliances) and its competitors. For the Business Services industry, the median Net Current Asset Value is 3.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toa (Electric Appliances)'s current Net Current Asset Value is €5.73, which is 328% above median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toa (Electric Appliances) stock overvalued right now?
Toa (Electric Appliances) (FRA:F7N) has a current Net Current Asset Value of €5.73. The stock's GF Value™ is €6.76, compared to a current price of €8.56 — trading 26.7% above its estimated fair value. The current Net Current Asset Value is €5.73, which is 328% above median its 10-year median of 1.34. Toa (Electric Appliances)'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 Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Toa (Electric Appliances) (FRA:F7N), the current Net Current Asset Value is €5.73 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 Toa (Electric Appliances) (FRA:F7N) Overvalued in 2026?
Based on GuruFocus' analysis, Toa (Electric Appliances) stock appears to be overvalued.
The current stock price of €8.56 is trading 26.7% above its estimated GF Value™ of €6.76.
Key valuation signals for FRA:F7N:
Net Current Asset Value: €5.73 (328% above median its 10-year median of 1.34)
GF Value™: €6.76 vs. price of €8.56 (26.7% above fair value)
No single metric tells the full story. See the FRA:F7N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toa Corporation (Electric Appliances) is mainly engaged in the manufacture and sale of loudspeaker broadcasting and communication equipment. It operates in three business divisions including Acoustic equipment business, Security equipment business and other. Acoustic equipment business manufactures loudspeaker broadcasting equipment, Professional sound equipment, and communication equipment. Security equipment business manufactures video equipment. Other business segment includes Leasing of equipment and management hall. Its product offerings include microphone, amplifier, speaker, megaphone, professional sound system, digital mixing system, Intercom system, telephone application system, wireless microphone system, contact wireless system, among others.
75GF Score
Get the complete analysis for FRA:F7N
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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