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HIM International MusicROCO:8446 +0.23%85 Net Current Asset Value is NT$16.32 as of Dec. 2025, which is 100% below its 10-year median of 16.96. GuruFocus rates ROCO:8446 with a GF Score™ of 85/100 and a GF Value™ of NT$104.50 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 538 Media - Diversified companies, HIM International Music ranks worse than 70.07% 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).
HIM International Music's net current asset value per share for the quarter that ended in Dec. 2025 was NT$16.32.
The historical rank and industry rank for HIM International Music's Net Current Asset Value or its related term are showing as below:
ROCO:8446'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.32 Med: 16.96 Max: 72.27
Current: 5.32
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of HIM International Music was 72.27. The lowest was 5.32. And the median was 16.96.
ROCO:8446's Price-to-Net-Current-Asset-Value is ranked worse than 70.07% of 538
companies
in the Media - Diversified industry
Industry Median: 2.88
vs ROCO:8446: 5.32
HIM International Music (ROCO:8446) 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.
HIM International Music Net Current Asset Value Related Terms
HIM International Music Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for HIM International Music'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.
HIM International Music Net Current Asset Value Chart
ROCO:8446 vs NFLX, DIS, WBD: Net Current Asset Value Comparison
For the Entertainment subindustry, HIM International Music'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.
HIM International Music Price-to-Net-Current-Asset-Value vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, HIM International Music's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where HIM International Music'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$16.32 mean?
HIM International Music (ROCO:8446) has a Net Current Asset Value of NT$16.32 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 HIM International Music and its competitors. This is near median its historical median of 16.96. Over the past decade, HIM International Music's Net Current Asset Value has ranged from 5.32 to 72.27. According to the industry distribution chart, HIM International Music ranks #377 out of 538 companies in the Media - Diversified industry, placing it in the top 70.1%.
Is HIM International Music's Net Current Asset Value too high?
HIM International Music's current Net Current Asset Value of NT$16.32 is near median its 10-year median of 16.96. Over the past 10 years, this metric has ranged from a low of 5.32 to a high of 72.27. Based on the distribution chart, HIM International Music ranks #377 out of 538 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, HIM International Music has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HIM International Music's Net Current Asset Value compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, HIM International Music ranks #377 out of 538 companies for Net Current Asset Value. This places HIM International Music in the lower half of its industry. The industry median Net Current Asset Value is 2.88. Historically, HIM International Music's own Net Current Asset Value has ranged from 5.32 to 72.27 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 Media - Diversified company?
The median Net Current Asset Value among Media - Diversified companies is 2.88, based on 538 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 HIM International Music and its competitors. For the Media - Diversified industry, the median Net Current Asset Value is 2.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HIM International Music's current Net Current Asset Value is NT$16.32, which is near median its own 10-year median of 16.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HIM International Music stock overvalued right now?
Based on GuruFocus' analysis, HIM International Music (ROCO:8446) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$104.50, compared to a current price of NT$86.90 — trading 16.8% below its estimated fair value. The current Net Current Asset Value is NT$16.32, which is near median its 10-year median of 16.96. HIM International Music's overall GF Score™ is 85/100 with 5 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 HIM International Music (ROCO:8446), the current Net Current Asset Value is NT$16.32 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 HIM International Music (ROCO:8446) Overvalued in 2026?
Based on GuruFocus' analysis, HIM International Music stock appears to be undervalued.
The current stock price of NT$86.90 is trading 16.8% below its estimated GF Value™ of NT$104.50.
GuruFocus considers HIM International Music to be Modestly Undervalued.
Key valuation signals for ROCO:8446:
Net Current Asset Value: NT$16.32 (near median its 10-year median of 16.96)
GF Value™: NT$104.50 vs. price of NT$86.90 (16.8% below fair value)
No single metric tells the full story. See the ROCO:8446 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HIM International Music Inc is a Taiwan based media company. The company is engaged in production and distribution of pop music, copyright licensing, and artist management. The company also arrange concerts in Taiwan. Goegraphically, the company generates maximum revenue from Mainland China, followed by Taiwan, Singapore, USA, Hong Kong, and other regions.
85GF Score
Get the complete analysis for ROCO:8446
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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