Soda Nikka CoFRA:PC5 +0.78%71 Net Current Asset Value is €1.79 as of Dec. 2025, which is 100% below its 10-year median of 1.73. GuruFocus rates FRA:PC5 with a GF Score™ of 71/100 and a GF Value™ of €5.99. The stock has 4 warning signs investors should review. Among 947 Chemicals companies, Soda Nikka Co ranks better than 67.16% 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).
Soda Nikka Co's net current asset value per share for the quarter that ended in Dec. 2025 was €1.79.
The historical rank and industry rank for Soda Nikka Co's Net Current Asset Value or its related term are showing as below:
FRA:PC5'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.36 Med: 1.73 Max: 3.47
Current: 3.1
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Soda Nikka Co was 3.47. The lowest was 1.36. And the median was 1.73.
FRA:PC5's Price-to-Net-Current-Asset-Value is ranked better than 67.16% of 947
companies
in the Chemicals industry
Industry Median: 5.24
vs FRA:PC5: 3.10
Soda Nikka Co (FRA:PC5) 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.
Soda Nikka Co Net Current Asset Value Related Terms
Soda Nikka Co Net Current Asset Value Historical Data
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The historical data trend for Soda Nikka 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:PC5 vs DOW: Net Current Asset Value Comparison
For the Chemicals subindustry, Soda Nikka 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.
Soda Nikka Co Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Soda Nikka Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Soda Nikka 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 €1.79 mean?
Soda Nikka Co (FRA:PC5) has a Net Current Asset Value of €1.79 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Soda Nikka Co and its competitors. This is near median its historical median of 1.73. Over the past decade, Soda Nikka Co's Net Current Asset Value has ranged from 1.36 to 3.47. According to the industry distribution chart, Soda Nikka Co ranks #311 out of 947 companies in the Chemicals industry, placing it in the top 32.8%.
Is Soda Nikka Co's Net Current Asset Value too high?
Soda Nikka Co's current Net Current Asset Value of €1.79 is near median its 10-year median of 1.73. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 3.47. Based on the distribution chart, Soda Nikka Co ranks #311 out of 947 companies in the Chemicals industry, which is above the industry midpoint. Overall, Soda Nikka Co has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Soda Nikka Co's Net Current Asset Value compare to DOW?
According to the Chemicals industry distribution chart, Soda Nikka Co ranks #311 out of 947 companies for Net Current Asset Value. This puts Soda Nikka Co in the upper half of its industry. The industry median Net Current Asset Value is 5.24. Historically, Soda Nikka Co's own Net Current Asset Value has ranged from 1.36 to 3.47 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 Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.24, based on 947 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 Soda Nikka Co and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Soda Nikka Co's current Net Current Asset Value is €1.79, which is near median its own 10-year median of 1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Soda Nikka Co stock overvalued right now?
Soda Nikka Co (FRA:PC5) has a current Net Current Asset Value of €1.79. The stock's GF Value™ is €5.99, compared to a current price of €5.95 — trading 0.7% below its estimated fair value. The current Net Current Asset Value is €1.79, which is near median its 10-year median of 1.73. Soda Nikka Co's overall GF Score™ is 71/100 with 4 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 Soda Nikka Co (FRA:PC5), the current Net Current Asset Value is €1.79 as of Dec. 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 Soda Nikka Co (FRA:PC5) Overvalued in 2026?
Based on GuruFocus' analysis, Soda Nikka Co stock appears to be undervalued.
The current stock price of €5.95 is trading 0.7% below its estimated GF Value™ of €5.99.
Key valuation signals for FRA:PC5:
Net Current Asset Value: €1.79 (near median its 10-year median of 1.73)
GF Value™: €5.99 vs. price of €5.95 (0.7% below fair value)
No single metric tells the full story. See the FRA:PC5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Soda Nikka Co Ltd is a Japan-based chemical manufacturer. The company is engaged in production and sale of soda products, inorganic chemicals, organic chemicals, petrochemical products, paper and pulp related chemicals, environmental chemicals and synthetic resin products. Its chemicals are used in industries, petrochemical products, electronic materials, and synthetic resin, as well as processed products, and containers.
71GF Score
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