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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).
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ability Opto-Electronics Technology Co was 8.92. The lowest was 3.71. And the median was 5.56.
ROCO:3362's Price-to-Net-Current-Asset-Value is not ranked *
in the Hardware industry.
Industry Median: 5 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Ability Opto-Electronics Technology Co (ROCO:3362) 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.
Ability Opto-Electronics Technology Co Net Current Asset Value Related Terms
Ability Opto-Electronics Technology 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.
Ability Opto-Electronics Technology Co Net Current Asset Value Chart
Ability Opto-Electronics Technology Co Annual Data
ROCO:3362 vs APH, GLW: Net Current Asset Value Comparison
For the Electronic Components subindustry, Ability Opto-Electronics Technology 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.
Ability Opto-Electronics Technology Co Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Ability Opto-Electronics Technology Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ability Opto-Electronics Technology 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$-19.54 mean?
Ability Opto-Electronics Technology Co (ROCO:3362) has a Net Current Asset Value of NT$-19.54 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 Ability Opto-Electronics Technology Co and its competitors. Over the past decade, Ability Opto-Electronics Technology Co's Net Current Asset Value has ranged from 3.71 to 8.92. According to the industry distribution chart, Ability Opto-Electronics Technology Co ranks #999999 out of 1847 companies in the Hardware industry.
Is Ability Opto-Electronics Technology Co's Net Current Asset Value too high?
Ability Opto-Electronics Technology Co's current Net Current Asset Value is NT$-19.54. Over the past 10 years, this metric has ranged from a low of 3.71 to a high of 8.92. Based on the distribution chart, Ability Opto-Electronics Technology Co ranks #999999 out of 1847 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Ability Opto-Electronics Technology Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ability Opto-Electronics Technology Co's Net Current Asset Value compare to APH and GLW?
According to the Hardware industry distribution chart, Ability Opto-Electronics Technology Co ranks #999999 out of 1847 companies for Net Current Asset Value. This places Ability Opto-Electronics Technology Co in the lower half of its industry. The industry median Net Current Asset Value is 5.00. Historically, Ability Opto-Electronics Technology Co's own Net Current Asset Value has ranged from 3.71 to 8.92 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.00, based on 1,847 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 Ability Opto-Electronics Technology Co and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ability Opto-Electronics Technology Co's current Net Current Asset Value is NT$-19.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ability Opto-Electronics Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Ability Opto-Electronics Technology Co (ROCO:3362) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$186.19, compared to a current price of NT$150.50 — trading 19.2% below its estimated fair value. The current Net Current Asset Value is NT$-19.54. Ability Opto-Electronics Technology Co's overall GF Score™ is 63/100 with 6 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 Ability Opto-Electronics Technology Co (ROCO:3362), the current Net Current Asset Value is NT$-19.54 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 Ability Opto-Electronics Technology Co (ROCO:3362) Overvalued in 2026?
Based on GuruFocus' analysis, Ability Opto-Electronics Technology Co stock appears to be undervalued.
The current stock price of NT$150.50 is trading 19.2% below its estimated GF Value™ of NT$186.19.
GuruFocus considers Ability Opto-Electronics Technology Co to be Modestly Undervalued.
Key valuation signals for ROCO:3362:
Net Current Asset Value: NT$-19.54
GF Value™: NT$186.19 vs. price of NT$150.50 (19.2% below fair value)
No single metric tells the full story. See the ROCO:3362 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ability Opto-Electronics Technology Co Business Description
Ability Opto-Electronics Technology Co Ltd is engaged in the research & development, and manufacturing of professional optical lenses. The company designs and manufactures lenses for scanners, projectors, digital cameras, multi-function printers, mobile phones, digital video recorders, multi-function printers, cell phone cameras, laptops, tablets, IP cameras, monitors, automotive lenses, and others. The reportable segments of the company are; the Optical segment which derives key revenue, and the Electronic components segment. Geographically, it derives maximum revenue from Mainland China and the rest from Taiwan, and other countries.
63GF Score
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