Fujiyama Power SystemsNSE:UTLSOLAR -1.48%18 Net Current Asset Value is ₹11.07 as of Mar. 2026, which is 100% below its 10-year median of 17.73. GuruFocus rates NSE:UTLSOLAR with a GF Score™ of 18/100. The stock has 3 warning signs investors should review. Among 719 Semiconductors companies, Fujiyama Power Systems ranks worse than 81.5% 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).
Fujiyama Power Systems's net current asset value per share for the quarter that ended in Mar. 2026 was ₹11.07.
The historical rank and industry rank for Fujiyama Power Systems's Net Current Asset Value or its related term are showing as below:
NSE:UTLSOLAR'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 17.73 Med: 17.73 Max: 30.93
Current: 30.35
During the past 5 years, the highest Price-to-Net-Current-Asset-Value Ratio of Fujiyama Power Systems was 30.93. The lowest was 17.73. And the median was 17.73.
NSE:UTLSOLAR's Price-to-Net-Current-Asset-Value is ranked worse than 81.5% of 719
companies
in the Semiconductors industry
Industry Median: 8.57
vs NSE:UTLSOLAR: 30.35
Fujiyama Power Systems (NSE:UTLSOLAR) 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.
Fujiyama Power Systems Net Current Asset Value Related Terms
Fujiyama Power Systems Net Current Asset Value Historical Data
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The historical data trend for Fujiyama Power Systems'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.
Fujiyama Power Systems Net Current Asset Value Chart
NSE:UTLSOLAR vs FSLR, NXT, ENPH: Net Current Asset Value Comparison
For the Solar subindustry, Fujiyama Power Systems'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.
Fujiyama Power Systems Price-to-Net-Current-Asset-Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Fujiyama Power Systems's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Fujiyama Power Systems'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 ₹11.07 mean?
Fujiyama Power Systems (NSE:UTLSOLAR) has a Net Current Asset Value of ₹11.07 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 Fujiyama Power Systems and its competitors. This is 38% below median its historical median of 17.73. Over the past decade, Fujiyama Power Systems' Net Current Asset Value has ranged from 17.73 to 30.93. According to the industry distribution chart, Fujiyama Power Systems ranks #586 out of 719 companies in the Semiconductors industry, placing it in the top 81.5%.
Is Fujiyama Power Systems' Net Current Asset Value too high?
Fujiyama Power Systems' current Net Current Asset Value of ₹11.07 is 38% below median its 10-year median of 17.73. Over the past 10 years, this metric has ranged from a low of 17.73 to a high of 30.93. Based on the distribution chart, Fujiyama Power Systems ranks #586 out of 719 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Fujiyama Power Systems has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Fujiyama Power Systems' Net Current Asset Value compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Fujiyama Power Systems ranks #586 out of 719 companies for Net Current Asset Value. This places Fujiyama Power Systems in the lower half of its industry. The industry median Net Current Asset Value is 8.57. Historically, Fujiyama Power Systems' own Net Current Asset Value has ranged from 17.73 to 30.93 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 Semiconductors company?
The median Net Current Asset Value among Semiconductors companies is 8.57, based on 719 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 Fujiyama Power Systems and its competitors. For the Semiconductors industry, the median Net Current Asset Value is 8.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fujiyama Power Systems's current Net Current Asset Value is ₹11.07, which is 38% below median its own 10-year median of 17.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujiyama Power Systems stock overvalued right now?
Fujiyama Power Systems (NSE:UTLSOLAR) has a current Net Current Asset Value of ₹11.07. The current Net Current Asset Value is ₹11.07, which is 38% below median its 10-year median of 17.73. Fujiyama Power Systems' overall GF Score™ is 18/100 with 3 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 Fujiyama Power Systems (NSE:UTLSOLAR), the current Net Current Asset Value is ₹11.07 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.
Fujiyama Power Systems Ltd is a manufacturer of products and solution provider in the roof-top solar industry, including on-grid, off-grid and hybrid solar systems. The company operates under its brands 'UTL Solar' and 'Fujiyama Solar'. Its offerings include solar PCUs, solar off-grid, on-grid and hybrid inverters, solar panels, pulse width modulation (PWM) chargers and other battery chargers, lithium-ion and tubular batteries, online uninterruptible power supply systems, offline UPS systems, solar management units and solar charge controllers. Additionally, the company provides chargers for three-wheeler electric autorickshaws (E-Rickshaws) and lithium-ion batteries. The company generates the majority of its revenue from the sales of its Solar Panels.
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