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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).
ROCO:5210's Price-to-Net-Current-Asset-Value is ranked worse than 61.21% of 1758
companies
in the Software industry
Industry Median: 4.71
vs ROCO:5210: 6.55
Apex International Financial Engineering Res & Tec Co (ROCO:5210) 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 GrahamÂ’s 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.
Apex International Financial Engineering Res & Tec Co Net Current Asset Value Related Terms
Apex International Financial Engineering Res & Tec 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.
Apex International Financial Engineering Res & Tec Co Net Current Asset Value Chart
Apex International Financial Engineering Res & Tec Co Annual Data
ROCO:5210 vs UBER, SHOP, CRM: Net Current Asset Value Comparison
For the Software - Application subindustry, Apex International Financial Engineering Res & Tec 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.
Apex International Financial Engineering Res & Tec Co Price-to-Net-Current-Asset-Value vs Software Industry
* 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$4.52 mean?
Apex International Financial Engineering Res & Tec Co (ROCO:5210) has a Net Current Asset Value of NT$4.52 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 Apex International Financial Engineering Res & Tec Co and its competitors. This is 52% above median its historical median of 2.98. Over the past decade, Apex International Financial Engineering Res & Tec Co's Net Current Asset Value has ranged from 1.01 to 33.20. According to the industry distribution chart, Apex International Financial Engineering Res & Tec Co ranks #1076 out of 1758 companies in the Software industry, placing it in the top 61.2%.
Is Apex International Financial Engineering Res & Tec Co's Net Current Asset Value too high?
Apex International Financial Engineering Res & Tec Co's current Net Current Asset Value of NT$4.52 is 52% above median its 10-year median of 2.98. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 33.20. Based on the distribution chart, Apex International Financial Engineering Res & Tec Co ranks #1076 out of 1758 companies in the Software industry, which is below the industry midpoint. Overall, Apex International Financial Engineering Res & Tec Co has a GF Scoreâ„¢ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apex International Financial Engineering Res & Tec Co's Net Current Asset Value compare to UBER and SHOP?
According to the Software industry distribution chart, Apex International Financial Engineering Res & Tec Co ranks #1076 out of 1758 companies for Net Current Asset Value. This places Apex International Financial Engineering Res & Tec Co in the lower half of its industry. The industry median Net Current Asset Value is 4.71. Historically, Apex International Financial Engineering Res & Tec Co's own Net Current Asset Value has ranged from 1.01 to 33.20 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 Software company?
The median Net Current Asset Value among Software companies is 4.71, based on 1,758 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 Apex International Financial Engineering Res & Tec Co and its competitors. For the Software industry, the median Net Current Asset Value is 4.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apex International Financial Engineering Res & Tec Co's current Net Current Asset Value is NT$4.52, which is 52% above median its own 10-year median of 2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apex International Financial Engineering Res & Tec Co stock overvalued right now?
Based on GuruFocus' analysis, Apex International Financial Engineering Res & Tec Co (ROCO:5210) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$21.97, compared to a current price of NT$29.60 — trading 34.7% above its estimated fair value. The current Net Current Asset Value is NT$4.52, which is 52% above median its 10-year median of 2.98. Apex International Financial Engineering Res & Tec Co's overall GF Score™ is 51/100 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 Apex International Financial Engineering Res & Tec Co (ROCO:5210), the current Net Current Asset Value is NT$4.52 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 Apex International Financial Engineering Res & Tec Co (ROCO:5210) Overvalued in 2026?
Based on GuruFocus' analysis, Apex International Financial Engineering Res & Tec Co stock appears to be overvalued.
The current stock price of NT$29.60 is trading 34.7% above its estimated GF Value™ of NT$21.97.
GuruFocus considers Apex International Financial Engineering Res & Tec Co to be Significantly Overvalued.
Key valuation signals for ROCO:5210:
Net Current Asset Value: NT$4.52 (52% above median its 10-year median of 2.98)
GF Value™: NT$21.97 vs. price of NT$29.60 (34.7% above fair value)
No single metric tells the full story. See the ROCO:5210 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apex International Financial Engineering Res & Tec Co Business Description
Apex International Financial Engineering Res & Tec Co Ltd is engaged in information software services, electronic information services, system integration services, and solar power engineering contracts. Its segment are: Information Services Department, engaged in the planning, construction, sales, and maintenance of financial information products, information conference systems, financial laboratories for the school education market, and systems related to financial commodity trading platforms. It operates in Taiwan, which generates maximum revenue, and Asia.
51GF Score
Get the complete analysis for ROCO:5210
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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