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Tainet Communication SystemROCO:4905 -2.97%41 Net Current Asset Value is NT$6.74 as of Dec. 2025, which is 100% below its 10-year median of 1.50. GuruFocus rates ROCO:4905 with a GF Score™ of 41/100. The stock has 7 warning signs investors should review. Among 1,847 Hardware companies, Tainet Communication System ranks worse than 71.25% 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).
Tainet Communication System's net current asset value per share for the quarter that ended in Dec. 2025 was NT$6.74.
The historical rank and industry rank for Tainet Communication System's Net Current Asset Value or its related term are showing as below:
ROCO:4905'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.82 Med: 1.5 Max: 9.71
Current: 9.7
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Tainet Communication System was 9.71. The lowest was 0.82. And the median was 1.50.
ROCO:4905's Price-to-Net-Current-Asset-Value is ranked worse than 71.25% of 1847
companies
in the Hardware industry
Industry Median: 5
vs ROCO:4905: 9.70
Tainet Communication System (ROCO:4905) 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.
Tainet Communication System Net Current Asset Value Related Terms
Tainet Communication System 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.
Tainet Communication System Net Current Asset Value Chart
ROCO:4905 vs CSCO, CIEN, MSI: Net Current Asset Value Comparison
For the Communication Equipment subindustry, Tainet Communication System'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.
Tainet Communication System Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Tainet Communication System's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Tainet Communication System'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$6.74 mean?
Tainet Communication System (ROCO:4905) has a Net Current Asset Value of NT$6.74 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 Tainet Communication System and its competitors. This is 349% above median its historical median of 1.50. Over the past decade, Tainet Communication System's Net Current Asset Value has ranged from 0.82 to 9.71. According to the industry distribution chart, Tainet Communication System ranks #1316 out of 1847 companies in the Hardware industry, placing it in the top 71.3%.
Is Tainet Communication System's Net Current Asset Value too high?
Tainet Communication System's current Net Current Asset Value of NT$6.74 is 349% above median its 10-year median of 1.50. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 9.71. Based on the distribution chart, Tainet Communication System ranks #1316 out of 1847 companies in the Hardware industry, which is below the industry midpoint. Overall, Tainet Communication System has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Tainet Communication System's Net Current Asset Value compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Tainet Communication System ranks #1316 out of 1847 companies for Net Current Asset Value. This places Tainet Communication System in the lower half of its industry. The industry median Net Current Asset Value is 5.00. Historically, Tainet Communication System's own Net Current Asset Value has ranged from 0.82 to 9.71 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 Tainet Communication System 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. Tainet Communication System's current Net Current Asset Value is NT$6.74, which is 349% above median its own 10-year median of 1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tainet Communication System stock overvalued right now?
Tainet Communication System (ROCO:4905) has a current Net Current Asset Value of NT$6.74. The current Net Current Asset Value is NT$6.74, which is 349% above median its 10-year median of 1.50. Tainet Communication System's overall GF Score™ is 41/100 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 Tainet Communication System (ROCO:4905), the current Net Current Asset Value is NT$6.74 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.
Tainet Communication System Corp is a manufacturer of digital transmission and switching equipment, data terminal equipment, line interface equipment (including telemetry devices), communication and traffic. Manufacturing, processing, trading and installation engineering business of replacement equipment, programmable power supplies, etc.
41GF Score
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