Japan EngineKDCLF 60 Net Current Asset Value is $5.87 as of Mar. 2026, which is 241% above its 10-year median of 1.72. GuruFocus rates KDCLF with a GF Score™ of 60/100 and a GF Value™ of $34.01 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,222 Industrial Products companies, Japan Engine ranks worse than 65.03% 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).
Japan Engine's net current asset value per share for the quarter that ended in Mar. 2026 was $5.87.
The historical rank and industry rank for Japan Engine's Net Current Asset Value or its related term are showing as below:
KDCLF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.75 Med: 1.72 Max: 13.13
Current: 9.04
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Japan Engine was 13.13. The lowest was 0.75. And the median was 1.72.
KDCLF's Price-to-Net-Current-Asset-Value is ranked worse than 65.03% of 2222
companies
in the Industrial Products industry
Industry Median: 5.6
vs KDCLF: 9.04
Japan Engine (OTCPK:KDCLF) 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.
Japan Engine Net Current Asset Value Related Terms
Japan Engine Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Japan Engine'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.
KDCLF vs GEV, ETN, PH: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, Japan Engine'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.
Japan Engine Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Japan Engine's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Japan Engine'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 $5.87 mean?
Japan Engine (KDCLF) has a Net Current Asset Value of $5.87 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 Japan Engine and its competitors. This is 241% above median its historical median of 1.72. Over the past decade, Japan Engine's Net Current Asset Value has ranged from 0.75 to 13.13. According to the industry distribution chart, Japan Engine ranks #1445 out of 2222 companies in the Industrial Products industry, placing it in the top 65%.
Is Japan Engine's Net Current Asset Value too high?
Japan Engine's current Net Current Asset Value of $5.87 is 241% above median its 10-year median of 1.72. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 13.13. The Industrial Products industry median Net Current Asset Value is 5.60. Japan Engine's value of $5.87 is 4.8% above this industry median. Based on the distribution chart, Japan Engine ranks #1445 out of 2222 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Japan Engine has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Engine's Net Current Asset Value compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Japan Engine ranks #1445 out of 2222 companies for Net Current Asset Value. This places Japan Engine in the lower half of its industry. The industry median Net Current Asset Value is 5.60. Japan Engine's value of $5.87 is 4.8% above this benchmark. Historically, Japan Engine's own Net Current Asset Value has ranged from 0.75 to 13.13 over the past decade. While the company's 10-year median is 1.72 vs. the industry median of 5.60, Japan Engine 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 an Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.60, based on 2,222 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. Japan Engine's current Net Current Asset Value of $5.87 is 4.8% 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 Japan Engine and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Engine's current Net Current Asset Value is $5.87, which is 241% above median its own 10-year median of 1.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Engine stock overvalued right now?
Based on GuruFocus' analysis, Japan Engine (KDCLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $34.01, compared to a current price of $50.45 — trading 48.3% above its estimated fair value. The current Net Current Asset Value is $5.87, which is 241% above median its 10-year median of 1.72 and 4.8% above the Industrial Products industry median of 5.60. Japan Engine's overall GF Score™ is 60/100 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 Japan Engine (KDCLF), the current Net Current Asset Value is $5.87 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 Japan Engine (KDCLF) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Engine stock appears to be overvalued.
The current stock price of $50.45 is trading 48.3% above its estimated GF Value™ of $34.01.
GuruFocus considers Japan Engine to be Significantly Overvalued.
Key valuation signals for KDCLF:
Net Current Asset Value: $5.87 (241% above median its 10-year median of 1.72)
GF Value™: $34.01 vs. price of $50.45 (48.3% above fair value)
Industry Position: 4.8% above the Industrial Products median (#1445 of 2222)
No single metric tells the full story. See the KDCLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Engine Corp is a Japanese company engaged in the production and sale of various types of UE diesel engines. It also manufactures machinery and equipment related to marine, factory automation and energy saving. The organization has a business presence in Japan and other countries.
60GF Score
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