Fast Retailing CoFRCOF +0.10%91 Net Current Asset Value is $27.41 as of Feb. 2026, which is 81% above its 10-year median of 15.15. GuruFocus rates FRCOF with a GF Score™ of 91/100 and a GF Value™ of $340.37 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 554 Retail - Cyclical companies, Fast Retailing Co ranks worse than 89.35% 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).
Fast Retailing Co's net current asset value per share for the quarter that ended in Feb. 2026 was $27.41.
The historical rank and industry rank for Fast Retailing Co's Net Current Asset Value or its related term are showing as below:
FRCOF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.63 Med: 15.15 Max: 39.71
Current: 19.77
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Fast Retailing Co was 39.71. The lowest was 7.63. And the median was 15.15.
FRCOF's Price-to-Net-Current-Asset-Value is ranked worse than 89.35% of 554
companies
in the Retail - Cyclical industry
Industry Median: 3.025
vs FRCOF: 19.77
Fast Retailing Co (OTCPK:FRCOF) 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.
Fast Retailing Co Net Current Asset Value Related Terms
Fast Retailing Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Fast Retailing 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.
FRCOF vs TJX, ROST, BURL: Net Current Asset Value Comparison
For the Apparel Retail subindustry, Fast Retailing 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.
Fast Retailing Co Price-to-Net-Current-Asset-Value vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Fast Retailing Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Fast Retailing 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 $27.41 mean?
Fast Retailing Co (FRCOF) has a Net Current Asset Value of $27.41 as of Feb. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Fast Retailing Co and its competitors. This is 81% above median its historical median of 15.15. Over the past decade, Fast Retailing Co's Net Current Asset Value has ranged from 7.63 to 39.71. According to the industry distribution chart, Fast Retailing Co ranks #495 out of 554 companies in the Retail - Cyclical industry, placing it in the top 89.4%.
Is Fast Retailing Co's Net Current Asset Value too high?
Fast Retailing Co's current Net Current Asset Value of $27.41 is 81% above median its 10-year median of 15.15. Over the past 10 years, this metric has ranged from a low of 7.63 to a high of 39.71. The Retail - Cyclical industry median Net Current Asset Value is 3.03. Fast Retailing Co's value of $27.41 is 806.1% above this industry median. Based on the distribution chart, Fast Retailing Co ranks #495 out of 554 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Fast Retailing Co has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fast Retailing Co's Net Current Asset Value compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Fast Retailing Co ranks #495 out of 554 companies for Net Current Asset Value. This places Fast Retailing Co in the lower half of its industry. The industry median Net Current Asset Value is 3.03. Fast Retailing Co's value of $27.41 is 806.1% above this benchmark. Historically, Fast Retailing Co's own Net Current Asset Value has ranged from 7.63 to 39.71 over the past decade. While the company's 10-year median is 15.15 vs. the industry median of 3.03, Fast Retailing Co has consistently been above 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 a Retail - Cyclical company?
The median Net Current Asset Value among Retail - Cyclical companies is 3.03, based on 554 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. Fast Retailing Co's current Net Current Asset Value of $27.41 is 806.1% above 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 Fast Retailing Co and its competitors. For the Retail - Cyclical industry, the median Net Current Asset Value is 3.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fast Retailing Co's current Net Current Asset Value is $27.41, which is 81% above median its own 10-year median of 15.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fast Retailing Co stock overvalued right now?
Based on GuruFocus' analysis, Fast Retailing Co (FRCOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $340.37, compared to a current price of $518.81 — trading 52.4% above its estimated fair value. The current Net Current Asset Value is $27.41, which is 81% above median its 10-year median of 15.15 and 806.1% above the Retail - Cyclical industry median of 3.03. Fast Retailing Co's overall GF Score™ is 91/100 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 Fast Retailing Co (FRCOF), the current Net Current Asset Value is $27.41 as of Feb. 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 Fast Retailing Co (FRCOF) Overvalued in 2026?
Based on GuruFocus' analysis, Fast Retailing Co stock appears to be overvalued.
The current stock price of $518.81 is trading 52.4% above its estimated GF Value™ of $340.37.
GuruFocus considers Fast Retailing Co to be Significantly Overvalued.
Key valuation signals for FRCOF:
Net Current Asset Value: $27.41 (81% above median its 10-year median of 15.15)
GF Value™: $340.37 vs. price of $518.81 (52.4% above fair value)
Industry Position: 806.1% above the Retail - Cyclical median (#495 of 554)
No single metric tells the full story. See the FRCOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fast Retailing is Japan's largest apparel company. It operates casualwear retail chain Uniqlo, known for its high-quality functional apparel at reasonable prices. Fast Retailing is in charge of product design and sales and outsources almost all of its production to factories in places including China, Vietnam, Bangladesh, Indonesia, and India. It is ranked the second-largest apparel company by sales globally in 2024 per Euromonitor, thanks to the expansion of Uniqlo International. As of February 2025, it ran 3,616 stores globally. Other brands in its portfolio include GU and acquired brands like Theory, Comptoir des Cotonniers, and Princesse tam.tam. The Yanai family owned a 40.86% stake in the firm as of July 2025.
91GF Score
Get the complete analysis for FRCOF
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRCOF has been successfully added to your 
