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Chang Wah Technology CoROCO:6548 +3.60%70 Net Current Asset Value is NT$3.35 as of Mar. 2026, which is 100% below its 10-year median of 11.93. GuruFocus rates ROCO:6548 with a GF Score™ of 70/100 and a GF Value™ of NT$41.75 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 719 Semiconductors companies, Chang Wah Technology Co ranks worse than 76.08% 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).
Chang Wah Technology Co's net current asset value per share for the quarter that ended in Mar. 2026 was NT$3.35.
The historical rank and industry rank for Chang Wah Technology Co's Net Current Asset Value or its related term are showing as below:
ROCO:6548'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.87 Med: 11.93 Max: 72.8
Current: 20.6
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Chang Wah Technology Co was 72.80. The lowest was 5.87. And the median was 11.93.
ROCO:6548's Price-to-Net-Current-Asset-Value is ranked worse than 76.08% of 719
companies
in the Semiconductors industry
Industry Median: 7.91
vs ROCO:6548: 20.60
Chang Wah Technology Co (ROCO:6548) 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.
Chang Wah Technology Co Net Current Asset Value Related Terms
Chang Wah Technology Co Net Current Asset Value Historical Data
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The historical data trend for Chang Wah Technology Co'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.
Chang Wah Technology Co Net Current Asset Value Chart
ROCO:6548 vs NVDA, AVGO, MU: Net Current Asset Value Comparison
For the Semiconductors subindustry, Chang Wah Technology 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.
Chang Wah Technology Co Price-to-Net-Current-Asset-Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Chang Wah Technology Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Chang Wah Technology 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$3.35 mean?
Chang Wah Technology Co (ROCO:6548) has a Net Current Asset Value of NT$3.35 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 Chang Wah Technology Co and its competitors. This is 72% below median its historical median of 11.93. Over the past decade, Chang Wah Technology Co's Net Current Asset Value has ranged from 5.87 to 72.80. According to the industry distribution chart, Chang Wah Technology Co ranks #547 out of 719 companies in the Semiconductors industry, placing it in the top 76.1%.
Is Chang Wah Technology Co's Net Current Asset Value too high?
Chang Wah Technology Co's current Net Current Asset Value of NT$3.35 is 72% below median its 10-year median of 11.93. Over the past 10 years, this metric has ranged from a low of 5.87 to a high of 72.80. Based on the distribution chart, Chang Wah Technology Co ranks #547 out of 719 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Chang Wah Technology Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chang Wah Technology Co's Net Current Asset Value compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Chang Wah Technology Co ranks #547 out of 719 companies for Net Current Asset Value. This places Chang Wah Technology Co in the lower half of its industry. The industry median Net Current Asset Value is 7.91. Historically, Chang Wah Technology Co's own Net Current Asset Value has ranged from 5.87 to 72.80 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 Semiconductors company?
The median Net Current Asset Value among Semiconductors companies is 7.91, based on 719 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 Chang Wah Technology Co and its competitors. For the Semiconductors industry, the median Net Current Asset Value is 7.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chang Wah Technology Co's current Net Current Asset Value is NT$3.35, which is 72% below median its own 10-year median of 11.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chang Wah Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Chang Wah Technology Co (ROCO:6548) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$41.75, compared to a current price of NT$69.00 — trading 65.3% above its estimated fair value. The current Net Current Asset Value is NT$3.35, which is 72% below median its 10-year median of 11.93. Chang Wah Technology Co's overall GF Score™ is 70/100 with 3 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 Chang Wah Technology Co (ROCO:6548), the current Net Current Asset Value is NT$3.35 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 Chang Wah Technology Co (ROCO:6548) Overvalued in 2026?
Based on GuruFocus' analysis, Chang Wah Technology Co stock appears to be overvalued.
The current stock price of NT$69.00 is trading 65.3% above its estimated GF Value™ of NT$41.75.
GuruFocus considers Chang Wah Technology Co to be Significantly Overvalued.
Key valuation signals for ROCO:6548:
Net Current Asset Value: NT$3.35 (72% below median its 10-year median of 11.93)
GF Value™: NT$41.75 vs. price of NT$69.00 (65.3% above fair value)
No single metric tells the full story. See the ROCO:6548 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chang Wah Technology Co Ltd mainly manufactures industrial plastic products and electronics components, and sells electronics components and machinery, and tools. The company focuses on manufacturing semiconductor frames, offering different products such as IC-Pin lead Frame, IC-Leadless lead Frame, IC-Special surface treatment, EMC lead frame, and PreMold lead frame. Along with its subsidiaries, the company operates in the following reportable segments: CWTC, CWTS, SHAP, Shing Zheng Investment, SHEC, SHPC, SHS, MSHE, WSP, and CWES. Maximum revenue is generated from its CWTC segment. Geographically, the group operates in Taiwan, Asia, and other regions.
70GF Score
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