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Kumagai Gumi CoFRA:KUG1 -1.91%78 Net Current Asset Value is €2.47 as of Mar. 2026, which is 100% below its 10-year median of 2.22. GuruFocus rates FRA:KUG1 with a GF Score™ of 78/100 and a GF Value™ of €5.82 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,062 Construction companies, Kumagai Gumi Co ranks worse than 50.38% 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).
Kumagai Gumi Co's net current asset value per share for the quarter that ended in Mar. 2026 was €2.47.
The historical rank and industry rank for Kumagai Gumi Co's Net Current Asset Value or its related term are showing as below:
FRA:KUG1'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.22 Med: 2.22 Max: 3.39
Current: 3.2
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kumagai Gumi Co was 3.39. The lowest was 1.22. And the median was 2.22.
FRA:KUG1's Price-to-Net-Current-Asset-Value is ranked worse than 50.38% of 1062
companies
in the Construction industry
Industry Median: 3.205
vs FRA:KUG1: 3.20
Kumagai Gumi Co (FRA:KUG1) 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.
Kumagai Gumi Co Net Current Asset Value Related Terms
Kumagai Gumi Co Net Current Asset Value Historical Data
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The historical data trend for Kumagai Gumi 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.
FRA:KUG1 vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Kumagai Gumi 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.
Kumagai Gumi Co Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Kumagai Gumi Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kumagai Gumi 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 €2.47 mean?
Kumagai Gumi Co (FRA:KUG1) has a Net Current Asset Value of €2.47 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 Kumagai Gumi Co and its competitors. This is 11% above median its historical median of 2.22. Over the past decade, Kumagai Gumi Co's Net Current Asset Value has ranged from 1.22 to 3.39. According to the industry distribution chart, Kumagai Gumi Co ranks #535 out of 1062 companies in the Construction industry, placing it in the top 50.4%.
Is Kumagai Gumi Co's Net Current Asset Value too high?
Kumagai Gumi Co's current Net Current Asset Value of €2.47 is 11% above median its 10-year median of 2.22. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 3.39. Based on the distribution chart, Kumagai Gumi Co ranks #535 out of 1062 companies in the Construction industry, which is below the industry midpoint. Overall, Kumagai Gumi Co has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kumagai Gumi Co's Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, Kumagai Gumi Co ranks #535 out of 1062 companies for Net Current Asset Value. This places Kumagai Gumi Co in the lower half of its industry. The industry median Net Current Asset Value is 3.21. Historically, Kumagai Gumi Co's own Net Current Asset Value has ranged from 1.22 to 3.39 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.21, based on 1,062 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 Kumagai Gumi Co and its competitors. For the Construction industry, the median Net Current Asset Value is 3.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kumagai Gumi Co's current Net Current Asset Value is €2.47, which is 11% above median its own 10-year median of 2.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kumagai Gumi Co stock overvalued right now?
Based on GuruFocus' analysis, Kumagai Gumi Co (FRA:KUG1) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.82, compared to a current price of €7.70 — trading 32.3% above its estimated fair value. The current Net Current Asset Value is €2.47, which is 11% above median its 10-year median of 2.22. Kumagai Gumi Co's overall GF Score™ is 78/100 with 5 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 Kumagai Gumi Co (FRA:KUG1), the current Net Current Asset Value is €2.47 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 Kumagai Gumi Co (FRA:KUG1) Overvalued in 2026?
Based on GuruFocus' analysis, Kumagai Gumi Co stock appears to be overvalued.
The current stock price of €7.70 is trading 32.3% above its estimated GF Value™ of €5.82.
GuruFocus considers Kumagai Gumi Co to be Significantly Overvalued.
Key valuation signals for FRA:KUG1:
Net Current Asset Value: €2.47 (11% above median its 10-year median of 2.22)
GF Value™: €5.82 vs. price of €7.70 (32.3% above fair value)
No single metric tells the full story. See the FRA:KUG1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kumagai Gumi Co Ltd is a Japanese company that provides services in construction and civil engineering. The company analyzes, designs, and supervises complex construction projects. It also offers engineering and technical services throughout the construction process. These projects include roads, railways, airports, water systems, and other public facilities. In addition, the company is engaged in manufacturing and selling construction materials and machinery. Construction activities account for the majority of revenue. The company generates additional revenue from developing residential and commercial complexes and either operating the building or acting as a broker and selling the real estate.
78GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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