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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).
Pacific Image Electronics Co's net current asset value per share for the quarter that ended in Mar. 2026 was NT$-0.52.
The historical rank and industry rank for Pacific Image Electronics Co's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Pacific Image Electronics Co was 410.83. The lowest was 40.71. And the median was 122.65.
ROCO:6228's Price-to-Net-Current-Asset-Value is not ranked *
in the Hardware industry.
Industry Median: 4.94 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Pacific Image Electronics Co (ROCO:6228) 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.
Pacific Image Electronics Co Net Current Asset Value Related Terms
Pacific Image Electronics 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.
Pacific Image Electronics Co Net Current Asset Value Chart
ROCO:6228 vs DELL, ANET, SNDK: Net Current Asset Value Comparison
For the Computer Hardware subindustry, Pacific Image Electronics 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.
Pacific Image Electronics Co Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Pacific Image Electronics Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Pacific Image Electronics 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$-0.52 mean?
Pacific Image Electronics Co (ROCO:6228) has a Net Current Asset Value of NT$-0.52 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Pacific Image Electronics Co and its competitors. Over the past decade, Pacific Image Electronics Co's Net Current Asset Value has ranged from 40.71 to 410.83. According to the industry distribution chart, Pacific Image Electronics Co ranks #999999 out of 1847 companies in the Hardware industry.
Is Pacific Image Electronics Co's Net Current Asset Value too high?
Pacific Image Electronics Co's current Net Current Asset Value is NT$-0.52. Over the past 10 years, this metric has ranged from a low of 40.71 to a high of 410.83. Based on the distribution chart, Pacific Image Electronics Co ranks #999999 out of 1847 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Pacific Image Electronics Co has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pacific Image Electronics Co's Net Current Asset Value compare to DELL and ANET?
According to the Hardware industry distribution chart, Pacific Image Electronics Co ranks #999999 out of 1847 companies for Net Current Asset Value. This places Pacific Image Electronics Co in the lower half of its industry. The industry median Net Current Asset Value is 4.94. Historically, Pacific Image Electronics Co's own Net Current Asset Value has ranged from 40.71 to 410.83 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 4.94, 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 Pacific Image Electronics Co and its competitors. For the Hardware industry, the median Net Current Asset Value is 4.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pacific Image Electronics Co's current Net Current Asset Value is NT$-0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pacific Image Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Pacific Image Electronics Co (ROCO:6228) is currently considered Possible Value Trap. The stock's GF Value™ is NT$28.58, compared to a current price of NT$18.25 — trading 36.1% below its estimated fair value. The current Net Current Asset Value is NT$-0.52. Pacific Image Electronics Co's overall GF Score™ is 36/100 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 Pacific Image Electronics Co (ROCO:6228), the current Net Current Asset Value is NT$-0.52 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 Pacific Image Electronics Co (ROCO:6228) Overvalued in 2026?
Based on GuruFocus' analysis, Pacific Image Electronics Co stock appears to be undervalued.
The current stock price of NT$18.25 is trading 36.1% below its estimated GF Value™ of NT$28.58.
GuruFocus considers Pacific Image Electronics Co to be Possible Value Trap.
Key valuation signals for ROCO:6228:
Net Current Asset Value: NT$-0.52
GF Value™: NT$28.58 vs. price of NT$18.25 (36.1% below fair value)
No single metric tells the full story. See the ROCO:6228 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pacific Image Electronics Co Ltd is a scanning and imaging solution provider. It is engaged in the design and development of optical scanners, printers, and modems. The company provides design and manufacturing services to brands such as Kodak, KIS for film scanning solution.
36GF Score
Get the complete analysis for ROCO:6228
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