BANDAI NAMCO HoldingsNCBDF 93 Net Current Asset Value is $4.43 as of Mar. 2026, which is 19% below its 10-year median of 5.45. GuruFocus rates NCBDF with a GF Score™ of 93/100 and a GF Value™ of $28.73 (Modestly Undervalued). Among 310 Travel & Leisure companies, BANDAI NAMCO Holdings ranks worse than 57.42% 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).
BANDAI NAMCO Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was $4.43.
The historical rank and industry rank for BANDAI NAMCO Holdings's Net Current Asset Value or its related term are showing as below:
NCBDF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.36 Med: 5.45 Max: 8.2
Current: 5.26
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of BANDAI NAMCO Holdings was 8.20. The lowest was 3.36. And the median was 5.45.
NCBDF's Price-to-Net-Current-Asset-Value is ranked worse than 57.42% of 310
companies
in the Travel & Leisure industry
Industry Median: 4.075
vs NCBDF: 5.26
BANDAI NAMCO Holdings (OTCPK:NCBDF) 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.
BANDAI NAMCO Holdings Net Current Asset Value Related Terms
BANDAI NAMCO Holdings Net Current Asset Value Historical Data
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The historical data trend for BANDAI NAMCO Holdings'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.
BANDAI NAMCO Holdings Net Current Asset Value Chart
NCBDF vs AS, HAS, LTH: Net Current Asset Value Comparison
For the Leisure subindustry, BANDAI NAMCO Holdings'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.
BANDAI NAMCO Holdings Price-to-Net-Current-Asset-Value vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, BANDAI NAMCO Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where BANDAI NAMCO Holdings'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 $4.43 mean?
BANDAI NAMCO Holdings (NCBDF) has a Net Current Asset Value of $4.43 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 BANDAI NAMCO Holdings and its competitors. This is 19% below median its historical median of 5.45. Over the past decade, BANDAI NAMCO Holdings' Net Current Asset Value has ranged from 3.36 to 8.20. According to the industry distribution chart, BANDAI NAMCO Holdings ranks #178 out of 310 companies in the Travel & Leisure industry, placing it in the top 57.4%.
Is BANDAI NAMCO Holdings' Net Current Asset Value too high?
BANDAI NAMCO Holdings' current Net Current Asset Value of $4.43 is 19% below median its 10-year median of 5.45. Over the past 10 years, this metric has ranged from a low of 3.36 to a high of 8.20. The Travel & Leisure industry median Net Current Asset Value is 4.08. BANDAI NAMCO Holdings' value of $4.43 is 8.7% above this industry median. Based on the distribution chart, BANDAI NAMCO Holdings ranks #178 out of 310 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, BANDAI NAMCO Holdings has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BANDAI NAMCO Holdings' Net Current Asset Value compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, BANDAI NAMCO Holdings ranks #178 out of 310 companies for Net Current Asset Value. This places BANDAI NAMCO Holdings in the lower half of its industry. The industry median Net Current Asset Value is 4.08. BANDAI NAMCO Holdings' value of $4.43 is 8.7% above this benchmark. Historically, BANDAI NAMCO Holdings' own Net Current Asset Value has ranged from 3.36 to 8.20 over the past decade. While the company's 10-year median is 5.45 vs. the industry median of 4.08, BANDAI NAMCO Holdings 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 Travel & Leisure company?
The median Net Current Asset Value among Travel & Leisure companies is 4.08, based on 310 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. BANDAI NAMCO Holdings's current Net Current Asset Value of $4.43 is 8.7% 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 BANDAI NAMCO Holdings and its competitors. For the Travel & Leisure industry, the median Net Current Asset Value is 4.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BANDAI NAMCO Holdings's current Net Current Asset Value is $4.43, which is 19% below median its own 10-year median of 5.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BANDAI NAMCO Holdings stock overvalued right now?
Based on GuruFocus' analysis, BANDAI NAMCO Holdings (NCBDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $28.73, compared to a current price of $22.50 — trading 21.7% below its estimated fair value. The current Net Current Asset Value is $4.43, which is 19% below median its 10-year median of 5.45 and 8.7% above the Travel & Leisure industry median of 4.08. BANDAI NAMCO Holdings' overall GF Score™ is 93/100. 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 BANDAI NAMCO Holdings (NCBDF), the current Net Current Asset Value is $4.43 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 BANDAI NAMCO Holdings (NCBDF) Overvalued in 2026?
Based on GuruFocus' analysis, BANDAI NAMCO Holdings stock appears to be undervalued.
The current stock price of $22.50 is trading 21.7% below its estimated GF Value™ of $28.73.
GuruFocus considers BANDAI NAMCO Holdings to be Modestly Undervalued.
Key valuation signals for NCBDF:
Net Current Asset Value: $4.43 (19% below median its 10-year median of 5.45)
GF Value™: $28.73 vs. price of $22.50 (21.7% below fair value)
Industry Position: 8.7% above the Travel & Leisure median (#178 of 310)
No single metric tells the full story. See the NCBDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bandai Namco was established in 2005 through the merger of Bandai (established 1950), a toy manufacturer, and Namco (established 1955), a video game developer and arcade operator. Since then, Bandai Namco has emerged as one of the top entertainment companies in Japan, producing and selling games, toys, animation, and music content for a portfolio of over 400 internationally popular intellectual properties. The company's most notable franchises—Gundam, Dragon Ball, and One Piece are among the highest-grossing franchises in the world.
93GF Score
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