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Munsin GarmentROCO:2916 +0.63%80 Net Current Asset Value is NT$14.50 as of Dec. 2025, which is 100% below its 10-year median of 1.82. GuruFocus rates ROCO:2916 with a GF Score™ of 80/100 and a GF Value™ of NT$46.92 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 630 Manufacturing - Apparel & Accessories companies, Munsin Garment ranks better than 51.9% 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).
Munsin Garment's net current asset value per share for the quarter that ended in Dec. 2025 was NT$14.50.
The historical rank and industry rank for Munsin Garment's Net Current Asset Value or its related term are showing as below:
ROCO:2916'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.55 Med: 1.82 Max: 4.48
Current: 2.73
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Munsin Garment was 4.48. The lowest was 1.55. And the median was 1.82.
ROCO:2916's Price-to-Net-Current-Asset-Value is ranked better than 51.9% of 630
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.885
vs ROCO:2916: 2.73
Munsin Garment (ROCO:2916) 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.
Munsin Garment Net Current Asset Value Related Terms
Munsin Garment Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Munsin Garment'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.
ROCO:2916 vs RL, LEVI, VFC: Net Current Asset Value Comparison
For the Apparel Manufacturing subindustry, Munsin Garment'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.
Munsin Garment Price-to-Net-Current-Asset-Value vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Munsin Garment's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Munsin Garment'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$14.50 mean?
Munsin Garment (ROCO:2916) has a Net Current Asset Value of NT$14.50 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 Munsin Garment and its competitors. This is 697% above median its historical median of 1.82. Over the past decade, Munsin Garment's Net Current Asset Value has ranged from 1.55 to 4.48. According to the industry distribution chart, Munsin Garment ranks #303 out of 630 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 48.1%.
Is Munsin Garment's Net Current Asset Value too high?
Munsin Garment's current Net Current Asset Value of NT$14.50 is 697% above median its 10-year median of 1.82. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 4.48. Based on the distribution chart, Munsin Garment ranks #303 out of 630 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Munsin Garment has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Munsin Garment's Net Current Asset Value compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Munsin Garment ranks #303 out of 630 companies for Net Current Asset Value. This puts Munsin Garment in the upper half of its industry. The industry median Net Current Asset Value is 2.89. Historically, Munsin Garment's own Net Current Asset Value has ranged from 1.55 to 4.48 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 Manufacturing - Apparel & Accessories company?
The median Net Current Asset Value among Manufacturing - Apparel & Accessories companies is 2.89, based on 630 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 Munsin Garment and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Net Current Asset Value is 2.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Munsin Garment's current Net Current Asset Value is NT$14.50, which is 697% above median its own 10-year median of 1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munsin Garment stock overvalued right now?
Based on GuruFocus' analysis, Munsin Garment (ROCO:2916) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$46.92, compared to a current price of NT$39.65 — trading 15.5% below its estimated fair value. The current Net Current Asset Value is NT$14.50, which is 697% above median its 10-year median of 1.82. Munsin Garment's overall GF Score™ is 80/100 with 4 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 Munsin Garment (ROCO:2916), the current Net Current Asset Value is NT$14.50 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 Munsin Garment (ROCO:2916) Overvalued in 2026?
Based on GuruFocus' analysis, Munsin Garment stock appears to be undervalued.
The current stock price of NT$39.65 is trading 15.5% below its estimated GF Value™ of NT$46.92.
GuruFocus considers Munsin Garment to be Modestly Undervalued.
Key valuation signals for ROCO:2916:
Net Current Asset Value: NT$14.50 (697% above median its 10-year median of 1.82)
GF Value™: NT$46.92 vs. price of NT$39.65 (15.5% below fair value)
No single metric tells the full story. See the ROCO:2916 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Munsin Garment Corp is mainly engaged in the manufacturing and sale of various garments and knitwear; acting as a product distribution, bidding, and quoting agent for domestic and international brands; and the import and export trade operations related to these business activities. The company deals in men's and women's apparel products of various international brands, such as Munsingwear, Le Coq Sportif, Pou Dou Dou, Eminento, Nara CamiCie, Hazzy, and others. Geographically, all of its revenue is derived from Taiwan.
80GF Score
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