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Taiwan Hopax Chemicals MFG CoROCO:6509 -4.27%76 Net Current Asset Value is NT$7.39 as of Dec. 2025, which is 100% below its 10-year median of 12.93. GuruFocus rates ROCO:6509 with a GF Score™ of 76/100 and a GF Value™ of NT$32.39 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 944 Chemicals companies, Taiwan Hopax Chemicals MFG Co ranks worse than 59.64% 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).
Taiwan Hopax Chemicals MFG Co's net current asset value per share for the quarter that ended in Dec. 2025 was NT$7.39.
The historical rank and industry rank for Taiwan Hopax Chemicals MFG Co's Net Current Asset Value or its related term are showing as below:
ROCO:6509'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.93 Med: 12.93 Max: 117.3
Current: 6.52
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Taiwan Hopax Chemicals MFG Co was 117.30. The lowest was 3.93. And the median was 12.93.
ROCO:6509's Price-to-Net-Current-Asset-Value is ranked worse than 59.64% of 944
companies
in the Chemicals industry
Industry Median: 5.065
vs ROCO:6509: 6.52
Taiwan Hopax Chemicals MFG Co (ROCO:6509) 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.
Taiwan Hopax Chemicals MFG Co Net Current Asset Value Related Terms
Taiwan Hopax Chemicals MFG 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.
Taiwan Hopax Chemicals MFG Co Net Current Asset Value Chart
ROCO:6509 vs LIN, SHW, ECL: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Taiwan Hopax Chemicals MFG 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.
Taiwan Hopax Chemicals MFG Co Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Taiwan Hopax Chemicals MFG Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Taiwan Hopax Chemicals MFG 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$7.39 mean?
Taiwan Hopax Chemicals MFG Co (ROCO:6509) has a Net Current Asset Value of NT$7.39 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 Taiwan Hopax Chemicals MFG Co and its competitors. This is 43% below median its historical median of 12.93. Over the past decade, Taiwan Hopax Chemicals MFG Co's Net Current Asset Value has ranged from 3.93 to 117.30. According to the industry distribution chart, Taiwan Hopax Chemicals MFG Co ranks #563 out of 944 companies in the Chemicals industry, placing it in the top 59.6%.
Is Taiwan Hopax Chemicals MFG Co's Net Current Asset Value too high?
Taiwan Hopax Chemicals MFG Co's current Net Current Asset Value of NT$7.39 is 43% below median its 10-year median of 12.93. Over the past 10 years, this metric has ranged from a low of 3.93 to a high of 117.30. Based on the distribution chart, Taiwan Hopax Chemicals MFG Co ranks #563 out of 944 companies in the Chemicals industry, which is below the industry midpoint. Overall, Taiwan Hopax Chemicals MFG Co has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Hopax Chemicals MFG Co's Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, Taiwan Hopax Chemicals MFG Co ranks #563 out of 944 companies for Net Current Asset Value. This places Taiwan Hopax Chemicals MFG Co in the lower half of its industry. The industry median Net Current Asset Value is 5.07. Historically, Taiwan Hopax Chemicals MFG Co's own Net Current Asset Value has ranged from 3.93 to 117.30 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 Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.07, based on 944 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 Taiwan Hopax Chemicals MFG Co and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Hopax Chemicals MFG Co's current Net Current Asset Value is NT$7.39, which is 43% below median its own 10-year median of 12.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Hopax Chemicals MFG Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Hopax Chemicals MFG Co (ROCO:6509) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$32.39, compared to a current price of NT$48.15 — trading 48.7% above its estimated fair value. The current Net Current Asset Value is NT$7.39, which is 43% below median its 10-year median of 12.93. Taiwan Hopax Chemicals MFG Co's overall GF Score™ is 76/100 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 Taiwan Hopax Chemicals MFG Co (ROCO:6509), the current Net Current Asset Value is NT$7.39 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 Taiwan Hopax Chemicals MFG Co (ROCO:6509) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Hopax Chemicals MFG Co stock appears to be overvalued.
The current stock price of NT$48.15 is trading 48.7% above its estimated GF Value™ of NT$32.39.
GuruFocus considers Taiwan Hopax Chemicals MFG Co to be Significantly Overvalued.
Key valuation signals for ROCO:6509:
Net Current Asset Value: NT$7.39 (43% below median its 10-year median of 12.93)
GF Value™: NT$32.39 vs. price of NT$48.15 (48.7% above fair value)
No single metric tells the full story. See the ROCO:6509 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Hopax Chemicals MFG Co Business Description
Taiwan Hopax Chemicals MFG Co Ltd manufactures, processes and sells chemical raw materials for pharmaceuticals, industrial, paper making and office stationery. Its product range includes Biopharmaceuticals, Biological reagents, Cell culture medium, Diagnostic Reagent Kits, Electroplating Additives, Lithium battery additives, Dispersants, Carbon-free copy paper specialty chemicals, Wet End Chemicals, Coating Additives, and Boiler water treatment agent. The company's segments include Specialty Chemicals, Fine Chemicals, Office Stationery, and Other segment.
76GF Score
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