McDonald's Holdings Co (Japan)MDNDF 74 Net Current Asset Value is $1.20 as of Dec. 2025, which is 96% below its 10-year median of 31.72. GuruFocus rates MDNDF with a GF Score™ of 74/100 and a GF Value™ of $36.74. The stock has 2 warning signs investors should review. Among 72 Restaurants companies, McDonald's Holdings Co (Japan) ranks worse than 87.5% 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).
The historical rank and industry rank for McDonald's Holdings Co (Japan)'s Net Current Asset Value or its related term are showing as below:
MDNDF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 18.29 Med: 31.72 Max: 102.87
Current: 36.84
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of McDonald's Holdings Co (Japan) was 102.87. The lowest was 18.29. And the median was 31.72.
MDNDF's Price-to-Net-Current-Asset-Value is ranked worse than 87.5% of 72
companies
in the Restaurants industry
Industry Median: 9.775
vs MDNDF: 36.84
McDonald's Holdings Co (Japan) (OTCPK:MDNDF) 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.
McDonald's Holdings Co (Japan) Net Current Asset Value Related Terms
McDonald's Holdings Co (Japan) Net Current Asset Value Historical Data
* 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.
McDonald's Holdings Co (Japan) Net Current Asset Value Chart
MDNDF vs MCD, SBUX, YUM: Net Current Asset Value Comparison
For the Restaurants subindustry, McDonald's Holdings Co (Japan)'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.
McDonald's Holdings Co (Japan) Price-to-Net-Current-Asset-Value vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, McDonald's Holdings Co (Japan)'s Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where McDonald's Holdings Co (Japan)'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 $1.20 mean?
McDonald's Holdings Co (Japan) (MDNDF) has a Net Current Asset Value of $1.20 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 McDonald's Holdings Co (Japan) and its competitors. This is 96% below median its historical median of 31.72. Over the past decade, McDonald's Holdings Co (Japan)'s Net Current Asset Value has ranged from 18.29 to 102.87. According to the industry distribution chart, McDonald's Holdings Co (Japan) ranks #63 out of 72 companies in the Restaurants industry, placing it in the top 87.5%.
Is McDonald's Holdings Co (Japan)'s Net Current Asset Value too high?
McDonald's Holdings Co (Japan)'s current Net Current Asset Value of $1.20 is 96% below median its 10-year median of 31.72. Over the past 10 years, this metric has ranged from a low of 18.29 to a high of 102.87. The Restaurants industry median Net Current Asset Value is 9.78. McDonald's Holdings Co (Japan)'s value of $1.20 is 87.7% below this industry median. Based on the distribution chart, McDonald's Holdings Co (Japan) ranks #63 out of 72 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, McDonald's Holdings Co (Japan) has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does McDonald's Holdings Co (Japan)'s Net Current Asset Value compare to MCD and SBUX?
According to the Restaurants industry distribution chart, McDonald's Holdings Co (Japan) ranks #63 out of 72 companies for Net Current Asset Value. This places McDonald's Holdings Co (Japan) in the lower half of its industry. The industry median Net Current Asset Value is 9.78. McDonald's Holdings Co (Japan)'s value of $1.20 is 87.7% below this benchmark. Historically, McDonald's Holdings Co (Japan)'s own Net Current Asset Value has ranged from 18.29 to 102.87 over the past decade. While the company's 10-year median is 31.72 vs. the industry median of 9.78, McDonald's Holdings Co (Japan) has consistently been below 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 Restaurants company?
The median Net Current Asset Value among Restaurants companies is 9.78, based on 72 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. McDonald's Holdings Co (Japan)'s current Net Current Asset Value of $1.20 is 87.7% below 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 McDonald's Holdings Co (Japan) and its competitors. For the Restaurants industry, the median Net Current Asset Value is 9.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McDonald's Holdings Co (Japan)'s current Net Current Asset Value is $1.20, which is 96% below median its own 10-year median of 31.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McDonald's Holdings Co (Japan) stock overvalued right now?
McDonald's Holdings Co (Japan) (MDNDF) has a current Net Current Asset Value of $1.20. The stock's GF Value™ is $36.74, compared to a current price of $42.00 — trading 14.3% above its estimated fair value. The current Net Current Asset Value is $1.20, which is 96% below median its 10-year median of 31.72 and 87.7% below the Restaurants industry median of 9.78. McDonald's Holdings Co (Japan)'s overall GF Score™ is 74/100 with 2 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 McDonald's Holdings Co (Japan) (MDNDF), the current Net Current Asset Value is $1.20 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 McDonald's Holdings Co (Japan) (MDNDF) Overvalued in 2026?
Based on GuruFocus' analysis, McDonald's Holdings Co (Japan) stock appears to be overvalued.
The current stock price of $42.00 is trading 14.3% above its estimated GF Value™ of $36.74.
Key valuation signals for MDNDF:
Net Current Asset Value: $1.20 (96% below median its 10-year median of 31.72)
GF Value™: $36.74 vs. price of $42.00 (14.3% above fair value)
Industry Position: 87.7% below the Restaurants median (#63 of 72)
No single metric tells the full story. See the MDNDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
McDonald's Holdings Co (Japan) Business Description
McDonald's Holdings Co (Japan) Ltd has a license to operate McDonald's fast-food restaurants in Japan. It is engaged in the operation and management of hamburger restaurant chains under the McDonald's brand. The company pays royalties for licensed rights and, in Japan, provides sub-licenses for its know-how and trademarks to franchisees operating its franchise restaurants, from whom it earns royalty income.
74GF Score
Get the complete analysis for MDNDF
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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