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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).
Jong Shyn Shipbuilding Co's net current asset value per share for the quarter that ended in Dec. 2025 was NT$-25.38.
The historical rank and industry rank for Jong Shyn Shipbuilding Co's Net Current Asset Value or its related term are showing as below:
ROCO:2644's Price-to-Net-Current-Asset-Value is not ranked *
in the Aerospace & Defense industry.
Industry Median: 7.515 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Jong Shyn Shipbuilding Co (ROCO:2644) 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.
Jong Shyn Shipbuilding Co Net Current Asset Value Related Terms
Jong Shyn Shipbuilding Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Jong Shyn Shipbuilding 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.
Jong Shyn Shipbuilding Co Net Current Asset Value Chart
ROCO:2644 vs SPCX, GE, RTX: Net Current Asset Value Comparison
For the Aerospace & Defense subindustry, Jong Shyn Shipbuilding 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.
Jong Shyn Shipbuilding Co Price-to-Net-Current-Asset-Value vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Jong Shyn Shipbuilding Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Jong Shyn Shipbuilding 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 NT$-25.38 mean?
Jong Shyn Shipbuilding Co (ROCO:2644) has a Net Current Asset Value of NT$-25.38 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Jong Shyn Shipbuilding Co and its competitors. According to the industry distribution chart, Jong Shyn Shipbuilding Co ranks #999999 out of 198 companies in the Aerospace & Defense industry.
Is Jong Shyn Shipbuilding Co's Net Current Asset Value too high?
Jong Shyn Shipbuilding Co's current Net Current Asset Value is NT$-25.38. Based on the distribution chart, Jong Shyn Shipbuilding Co ranks #999999 out of 198 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Jong Shyn Shipbuilding Co has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Jong Shyn Shipbuilding Co's Net Current Asset Value compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Jong Shyn Shipbuilding Co ranks #999999 out of 198 companies for Net Current Asset Value. This places Jong Shyn Shipbuilding Co in the lower half of its industry. The industry median Net Current Asset Value is 7.52. 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 Aerospace & Defense company?
The median Net Current Asset Value among Aerospace & Defense companies is 7.52, based on 198 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 Jong Shyn Shipbuilding Co and its competitors. For the Aerospace & Defense industry, the median Net Current Asset Value is 7.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jong Shyn Shipbuilding Co's current Net Current Asset Value is NT$-25.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jong Shyn Shipbuilding Co stock overvalued right now?
Based on GuruFocus' analysis, Jong Shyn Shipbuilding Co (ROCO:2644) is currently considered Possible Value Trap. The stock's GF Value™ is NT$131.51, compared to a current price of NT$83.90 — trading 36.2% below its estimated fair value. The current Net Current Asset Value is NT$-25.38. Jong Shyn Shipbuilding Co's overall GF Score™ is 54/100 with 7 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 Jong Shyn Shipbuilding Co (ROCO:2644), the current Net Current Asset Value is NT$-25.38 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 Jong Shyn Shipbuilding Co (ROCO:2644) Overvalued in 2026?
Based on GuruFocus' analysis, Jong Shyn Shipbuilding Co stock appears to be undervalued.
The current stock price of NT$83.90 is trading 36.2% below its estimated GF Value™ of NT$131.51.
GuruFocus considers Jong Shyn Shipbuilding Co to be Possible Value Trap.
Key valuation signals for ROCO:2644:
Net Current Asset Value: NT$-25.38
GF Value™: NT$131.51 vs. price of NT$83.90 (36.2% below fair value)
No single metric tells the full story. See the ROCO:2644 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jong Shyn Shipbuilding Co Ltd is engaged in the manufacturing and sale of ship vessels. The construction categories include patrol ships, lifeguard boats, passenger ships, oil and chemical tankers, high-tech research vessels, ultra-low temperature fridge vessels, yachts, and all kinds of fishing boats and others. Its services include Shipbuilding; Ship and Yacht repairing; Shaft Processing and Yacht Maintenance.
54GF Score
Get the complete analysis for ROCO:2644
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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