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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).
Gongin Precision Industrial Co's net current asset value per share for the quarter that ended in Dec. 2025 was NT$-13.13.
The historical rank and industry rank for Gongin Precision Industrial Co's Net Current Asset Value or its related term are showing as below:
ROCO:3178's Price-to-Net-Current-Asset-Value is not ranked *
in the Industrial Products industry.
Industry Median: 4.89 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Gongin Precision Industrial Co (ROCO:3178) 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.
Gongin Precision Industrial Co Net Current Asset Value Related Terms
Gongin Precision Industrial Co 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.
Gongin Precision Industrial Co Net Current Asset Value Chart
ROCO:3178 vs SNA, RBC, LECO: Net Current Asset Value Comparison
For the Tools & Accessories subindustry, Gongin Precision Industrial 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.
Gongin Precision Industrial Co Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Gongin Precision Industrial Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Gongin Precision Industrial 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$-13.13 mean?
Gongin Precision Industrial Co (ROCO:3178) has a Net Current Asset Value of NT$-13.13 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Gongin Precision Industrial Co and its competitors. According to the industry distribution chart, Gongin Precision Industrial Co ranks #999999 out of 2217 companies in the Industrial Products industry.
Is Gongin Precision Industrial Co's Net Current Asset Value too high?
Gongin Precision Industrial Co's current Net Current Asset Value is NT$-13.13. Based on the distribution chart, Gongin Precision Industrial Co ranks #999999 out of 2217 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Gongin Precision Industrial Co has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gongin Precision Industrial Co's Net Current Asset Value compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Gongin Precision Industrial Co ranks #999999 out of 2217 companies for Net Current Asset Value. This places Gongin Precision Industrial Co in the lower half of its industry. The industry median Net Current Asset Value is 4.89. 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 Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 4.89, based on 2,217 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 Gongin Precision Industrial Co and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 4.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gongin Precision Industrial Co's current Net Current Asset Value is NT$-13.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gongin Precision Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Gongin Precision Industrial Co (ROCO:3178) is currently considered Fairly Valued. The stock's GF Value™ is NT$62.84, compared to a current price of NT$63.70 — trading 1.4% above its estimated fair value. The current Net Current Asset Value is NT$-13.13. Gongin Precision Industrial Co's overall GF Score™ is 58/100 with 5 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 Gongin Precision Industrial Co (ROCO:3178), the current Net Current Asset Value is NT$-13.13 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 Gongin Precision Industrial Co (ROCO:3178) Overvalued in 2026?
Based on GuruFocus' analysis, Gongin Precision Industrial Co stock appears to be overvalued.
The current stock price of NT$63.70 is trading 1.4% above its estimated GF Value™ of NT$62.84.
GuruFocus considers Gongin Precision Industrial Co to be Fairly Valued.
Key valuation signals for ROCO:3178:
Net Current Asset Value: NT$-13.13
GF Value™: NT$62.84 vs. price of NT$63.70 (1.4% above fair value)
No single metric tells the full story. See the ROCO:3178 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gongin Precision Industrial Co Business Description
Gongin Precision Industrial Co Ltd designs, manufactures and sells IC assembly molds and tools. Its products include Auto Mold Chase, M.G.P. Mold, Conventional Mold, Standard Module Components, Subsystem Assembly and Test, display equipment components and servo valve.
58GF Score
Get the complete analysis for ROCO:3178
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