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TTY Biopharm CoROCO:4105 -0.26%83 Net Current Asset Value is NT$4.34 as of Mar. 2026, which is 100% below its 10-year median of 19.67. GuruFocus rates ROCO:4105 with a GF Score™ of 83/100 and a GF Value™ of NT$87.74 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 609 Drug Manufacturers companies, TTY Biopharm Co ranks worse than 80.95% 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).
TTY Biopharm Co's net current asset value per share for the quarter that ended in Mar. 2026 was NT$4.34.
The historical rank and industry rank for TTY Biopharm Co's Net Current Asset Value or its related term are showing as below:
ROCO:4105'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 10.67 Med: 19.67 Max: 73.19
Current: 17.7
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of TTY Biopharm Co was 73.19. The lowest was 10.67. And the median was 19.67.
ROCO:4105's Price-to-Net-Current-Asset-Value is ranked worse than 80.95% of 609
companies
in the Drug Manufacturers industry
Industry Median: 5.67
vs ROCO:4105: 17.70
TTY Biopharm Co (ROCO:4105) 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.
TTY Biopharm Co Net Current Asset Value Related Terms
TTY Biopharm Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for TTY Biopharm 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.
ROCO:4105 vs ZTS: Net Current Asset Value Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, TTY Biopharm 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.
TTY Biopharm Co Price-to-Net-Current-Asset-Value vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, TTY Biopharm Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where TTY Biopharm 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$4.34 mean?
TTY Biopharm Co (ROCO:4105) has a Net Current Asset Value of NT$4.34 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 TTY Biopharm Co and its competitors. This is 78% below median its historical median of 19.67. Over the past decade, TTY Biopharm Co's Net Current Asset Value has ranged from 10.67 to 73.19. According to the industry distribution chart, TTY Biopharm Co ranks #493 out of 609 companies in the Drug Manufacturers industry, placing it in the top 81%.
Is TTY Biopharm Co's Net Current Asset Value too high?
TTY Biopharm Co's current Net Current Asset Value of NT$4.34 is 78% below median its 10-year median of 19.67. Over the past 10 years, this metric has ranged from a low of 10.67 to a high of 73.19. Based on the distribution chart, TTY Biopharm Co ranks #493 out of 609 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, TTY Biopharm Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TTY Biopharm Co's Net Current Asset Value compare to ZTS?
According to the Drug Manufacturers industry distribution chart, TTY Biopharm Co ranks #493 out of 609 companies for Net Current Asset Value. This places TTY Biopharm Co in the lower half of its industry. The industry median Net Current Asset Value is 5.67. Historically, TTY Biopharm Co's own Net Current Asset Value has ranged from 10.67 to 73.19 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 Drug Manufacturers company?
The median Net Current Asset Value among Drug Manufacturers companies is 5.67, based on 609 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 TTY Biopharm Co and its competitors. For the Drug Manufacturers industry, the median Net Current Asset Value is 5.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TTY Biopharm Co's current Net Current Asset Value is NT$4.34, which is 78% below median its own 10-year median of 19.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TTY Biopharm Co stock overvalued right now?
Based on GuruFocus' analysis, TTY Biopharm Co (ROCO:4105) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$87.74, compared to a current price of NT$76.80 — trading 12.5% below its estimated fair value. The current Net Current Asset Value is NT$4.34, which is 78% below median its 10-year median of 19.67. TTY Biopharm Co's overall GF Score™ is 83/100 with 1 warning sign 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 TTY Biopharm Co (ROCO:4105), the current Net Current Asset Value is NT$4.34 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.
Is TTY Biopharm Co (ROCO:4105) Overvalued in 2026?
Based on GuruFocus' analysis, TTY Biopharm Co stock appears to be undervalued.
The current stock price of NT$76.80 is trading 12.5% below its estimated GF Value™ of NT$87.74.
GuruFocus considers TTY Biopharm Co to be Modestly Undervalued.
Key valuation signals for ROCO:4105:
Net Current Asset Value: NT$4.34 (78% below median its 10-year median of 19.67)
GF Value™: NT$87.74 vs. price of NT$76.80 (12.5% below fair value)
No single metric tells the full story. See the ROCO:4105 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TTY Biopharm Co Ltd is engaged in the manufacturing and marketing of pharmaceuticals and chemical drugs. The company's operating segments includes Oncology Business unit, Health Care Business unit, Intensive Care Business Unit, Healthcare Business Unit, Export and CDMO Business unit segment. It generates maximum revenue from the Oncology segment. Geographically, it derives a majority of revenue from Taiwan and also has a presence in America. Some of its products include Algitab, Alginos, Sulfin, Metacin, Cepiro, Brosym, Colimycin, Cubicin, and others.
83GF Score
Get the complete analysis for ROCO:4105
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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