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Changing Information TechnologyROCO:8272 +1.06%71 Net Current Asset Value is NT$32.14 as of Mar. 2026, which is 100% below its 10-year median of 3.31. GuruFocus rates ROCO:8272 with a GF Score™ of 71/100 and a GF Value™ of NT$92.87 (Modestly Undervalued). Among 1,755 Software companies, Changing Information Technology ranks better than 80.68% 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).
The historical rank and industry rank for Changing Information Technology's Net Current Asset Value or its related term are showing as below:
ROCO:8272'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.05 Med: 3.31 Max: 4.63
Current: 2.07
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of Changing Information Technology was 4.63. The lowest was 2.05. And the median was 3.31.
ROCO:8272's Price-to-Net-Current-Asset-Value is ranked better than 80.68% of 1755
companies
in the Software industry
Industry Median: 4.83
vs ROCO:8272: 2.07
Changing Information Technology (ROCO:8272) 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.
Changing Information Technology Net Current Asset Value Related Terms
Changing Information Technology 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.
Changing Information Technology Net Current Asset Value Chart
ROCO:8272 vs MSFT, ORCL, PLTR: Net Current Asset Value Comparison
For the Software - Infrastructure subindustry, Changing Information 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.
Changing Information Technology Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Changing Information Technology's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Changing Information 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$32.14 mean?
Changing Information Technology (ROCO:8272) has a Net Current Asset Value of NT$32.14 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 Changing Information Technology and its competitors. This is 871% above median its historical median of 3.31. Over the past decade, Changing Information Technology's Net Current Asset Value has ranged from 2.05 to 4.63. According to the industry distribution chart, Changing Information Technology ranks #339 out of 1755 companies in the Software industry, placing it in the top 19.3%.
Is Changing Information Technology's Net Current Asset Value too high?
Changing Information Technology's current Net Current Asset Value of NT$32.14 is 871% above median its 10-year median of 3.31. Over the past 10 years, this metric has ranged from a low of 2.05 to a high of 4.63. Based on the distribution chart, Changing Information Technology ranks #339 out of 1755 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Changing Information Technology has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Changing Information Technology's Net Current Asset Value compare to MSFT and ORCL?
According to the Software industry distribution chart, Changing Information Technology ranks #339 out of 1755 companies for Net Current Asset Value. This places Changing Information Technology in the top 19% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 4.83. Historically, Changing Information Technology's own Net Current Asset Value has ranged from 2.05 to 4.63 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 4.83, 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 Changing Information Technology and its competitors. For the Software industry, the median Net Current Asset Value is 4.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Changing Information Technology's current Net Current Asset Value is NT$32.14, which is 871% above median its own 10-year median of 3.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changing Information Technology stock overvalued right now?
Based on GuruFocus' analysis, Changing Information Technology (ROCO:8272) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$92.87, compared to a current price of NT$66.50 — trading 28.4% below its estimated fair value. The current Net Current Asset Value is NT$32.14, which is 871% above median its 10-year median of 3.31. Changing Information Technology's overall GF Score™ is 71/100. 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 Changing Information Technology (ROCO:8272), the current Net Current Asset Value is NT$32.14 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 Changing Information Technology (ROCO:8272) Overvalued in 2026?
Based on GuruFocus' analysis, Changing Information Technology stock appears to be undervalued.
The current stock price of NT$66.50 is trading 28.4% below its estimated GF Value™ of NT$92.87.
GuruFocus considers Changing Information Technology to be Modestly Undervalued.
Key valuation signals for ROCO:8272:
Net Current Asset Value: NT$32.14 (871% above median its 10-year median of 3.31)
GF Value™: NT$92.87 vs. price of NT$66.50 (28.4% below fair value)
No single metric tells the full story. See the ROCO:8272 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Changing Information Technology Inc principally engages in information software services, data processing services, electronic information supply services, and the research, development, production, manufacturing, and sales of various types of media, internet, image application, and text recognition application software and systems. The Company's reportable operating segment consists of a single department mainly engaged in the research, development, production, manufacture, and sales of information software services, data processing services, electronic information supply services, and packaged software for various media, the Internet, imaging applications, and optical character recognition. The company generates maximum revenue from Taiwan.
71GF Score
Get the complete analysis for ROCO:8272
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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