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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).
Penpower Technology's net current asset value per share for the quarter that ended in Jun. 2026 was NT$5.61.
The historical rank and industry rank for Penpower Technology's Net Current Asset Value or its related term are showing as below:
ROCO:5211'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.16 Med: 2.12 Max: 5.43
Current: 3.62
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Penpower Technology was 5.43. The lowest was 1.16. And the median was 2.12.
ROCO:5211's Price-to-Net-Current-Asset-Value is ranked better than 60.85% of 1755
companies
in the Software industry
Industry Median: 5.1
vs ROCO:5211: 3.62
Penpower Technology (ROCO:5211) 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.
Penpower Technology Net Current Asset Value Related Terms
Penpower Technology Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Penpower Technology'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:5211 vs CRM, SHOP, UBER: Net Current Asset Value Comparison
For the Software - Application subindustry, Penpower Technology'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.
Penpower Technology Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Penpower Technology's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Penpower Technology'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$5.61 mean?
Penpower Technology (ROCO:5211) has a Net Current Asset Value of NT$5.61 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Penpower Technology and its competitors. According to the industry distribution chart, Penpower Technology ranks #687 out of 1755 companies in the Software industry, placing it in the top 39.1%.
Is Penpower Technology's Net Current Asset Value too high?
Penpower Technology's current Net Current Asset Value is NT$5.61. Based on the distribution chart, Penpower Technology ranks #687 out of 1755 companies in the Software industry, which is above the industry midpoint. Overall, Penpower Technology has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Penpower Technology's Net Current Asset Value compare to CRM and SHOP?
According to the Software industry distribution chart, Penpower Technology ranks #687 out of 1755 companies for Net Current Asset Value. This puts Penpower Technology in the upper half of its industry. The industry median Net Current Asset Value is 5.10. 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 5.10, based on 1,755 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 Penpower Technology and its competitors. For the Software industry, the median Net Current Asset Value is 5.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Penpower Technology's current Net Current Asset Value is NT$5.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Penpower Technology stock overvalued right now?
Based on GuruFocus' analysis, Penpower Technology (ROCO:5211) is currently considered Possible Value Trap. The stock's GF Value™ is NT$37.58, compared to a current price of NT$20.30 — trading 46% below its estimated fair value. The current Net Current Asset Value is NT$5.61. Penpower Technology's overall GF Score™ is 66/100 with 2 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 Penpower Technology (ROCO:5211), the current Net Current Asset Value is NT$5.61 as of Jun. 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 Penpower Technology (ROCO:5211) Overvalued in 2026?
Based on GuruFocus' analysis, Penpower Technology stock appears to be undervalued.
The current stock price of NT$20.30 is trading 46% below its estimated GF Value™ of NT$37.58.
GuruFocus considers Penpower Technology to be Possible Value Trap.
Key valuation signals for ROCO:5211:
Net Current Asset Value: NT$5.61
GF Value™: NT$37.58 vs. price of NT$20.30 (46% below fair value)
No single metric tells the full story. See the ROCO:5211 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Penpower Technology Ltd is a smart human-machine interface core technology research and development company. The company is engaged in the manufacturing and distribution of software products. It offers products based on its handwriting recognition, voice recognition, optical character recognition, business card recognition, biometrics recognition, and security technologies. The technologies serve different industries such as PC, mobile devices, communication transmission, internet, and information appliances. It has operations in Hong Kong, Singapore, China, and the United States.
66GF Score
Get the complete analysis for ROCO:5211
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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