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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).
Kuo Toong International Co's net current asset value per share for the quarter that ended in Dec. 2025 was NT$-4.23.
The historical rank and industry rank for Kuo Toong International 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 Kuo Toong International Co was 22.71. The lowest was 22.71. And the median was 22.71.
ROCO:8936's Price-to-Net-Current-Asset-Value is not ranked *
in the Construction industry.
Industry Median: 3.2 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Kuo Toong International Co (ROCO:8936) 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.
Kuo Toong International Co Net Current Asset Value Related Terms
Kuo Toong International 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.
Kuo Toong International Co Net Current Asset Value Chart
ROCO:8936 vs TT, JCI, CARR: Net Current Asset Value Comparison
For the Building Products & Equipment subindustry, Kuo Toong International 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.
Kuo Toong International Co Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Kuo Toong International Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kuo Toong International 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$-4.23 mean?
Kuo Toong International Co (ROCO:8936) has a Net Current Asset Value of NT$-4.23 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Kuo Toong International Co and its competitors. Over the past decade, Kuo Toong International Co's Net Current Asset Value has ranged from 22.71 to 22.71. According to the industry distribution chart, Kuo Toong International Co ranks #999999 out of 1063 companies in the Construction industry.
Is Kuo Toong International Co's Net Current Asset Value too high?
Kuo Toong International Co's current Net Current Asset Value is NT$-4.23. Over the past 10 years, this metric has ranged from a low of 22.71 to a high of 22.71. Based on the distribution chart, Kuo Toong International Co ranks #999999 out of 1063 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Kuo Toong International Co has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kuo Toong International Co's Net Current Asset Value compare to TT and JCI?
According to the Construction industry distribution chart, Kuo Toong International Co ranks #999999 out of 1063 companies for Net Current Asset Value. This places Kuo Toong International Co in the lower half of its industry. The industry median Net Current Asset Value is 3.20. Historically, Kuo Toong International Co's own Net Current Asset Value has ranged from 22.71 to 22.71 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.20, based on 1,063 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 Kuo Toong International Co and its competitors. For the Construction industry, the median Net Current Asset Value is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kuo Toong International Co's current Net Current Asset Value is NT$-4.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuo Toong International Co stock overvalued right now?
Based on GuruFocus' analysis, Kuo Toong International Co (ROCO:8936) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$72.30, compared to a current price of NT$52.50 — trading 27.4% below its estimated fair value. The current Net Current Asset Value is NT$-4.23. Kuo Toong International Co's overall GF Score™ is 93/100 with 2 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 Kuo Toong International Co (ROCO:8936), the current Net Current Asset Value is NT$-4.23 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 Kuo Toong International Co (ROCO:8936) Overvalued in 2026?
Based on GuruFocus' analysis, Kuo Toong International Co stock appears to be undervalued.
The current stock price of NT$52.50 is trading 27.4% below its estimated GF Value™ of NT$72.30.
GuruFocus considers Kuo Toong International Co to be Modestly Undervalued.
Key valuation signals for ROCO:8936:
Net Current Asset Value: NT$-4.23
GF Value™: NT$72.30 vs. price of NT$52.50 (27.4% below fair value)
No single metric tells the full story. See the ROCO:8936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kuo Toong International Co Ltd is engaged in the manufacturing and trading of various prestressed concrete pipes, straight steel pipes, propelling steel pipes, ductile iron pipes, cement products, and spare parts. In addition, it is also involved in assembling and embedding various water pipes and spare parts. The group has three reportable operating segments, which are Kuo Toong, which derives maximum revenue, Kuo Yang, and Other.
93GF Score
Get the complete analysis for ROCO:8936
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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