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Ways Electron CoSHSE:605218 -0.58%74 Net Current Asset Value is ¥2.51 as of Mar. 2026, which is 100% below its 10-year median of 4.82. GuruFocus rates SHSE:605218 with a GF Score™ of 74/100 and a GF Value™ of ¥27.19 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,835 Hardware companies, Ways Electron Co ranks worse than 50.95% 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).
Ways Electron Co's net current asset value per share for the quarter that ended in Mar. 2026 was ¥2.51.
The historical rank and industry rank for Ways Electron Co's Net Current Asset Value or its related term are showing as below:
SHSE:605218'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.73 Med: 4.82 Max: 27.54
Current: 5.43
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ways Electron Co was 27.54. The lowest was 2.73. And the median was 4.82.
SHSE:605218's Price-to-Net-Current-Asset-Value is ranked worse than 50.95% of 1835
companies
in the Hardware industry
Industry Median: 5.3
vs SHSE:605218: 5.43
Ways Electron Co (SHSE:605218) 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.
Ways Electron Co Net Current Asset Value Related Terms
Ways Electron Co Net Current Asset Value Historical Data
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The historical data trend for Ways Electron 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.
SHSE:605218 vs APH, GLW, TEL: Net Current Asset Value Comparison
For the Electronic Components subindustry, Ways Electron 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.
Ways Electron Co Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Ways Electron Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ways Electron 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 ¥2.51 mean?
Ways Electron Co (SHSE:605218) has a Net Current Asset Value of ¥2.51 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 Ways Electron Co and its competitors. This is 48% below median its historical median of 4.82. Over the past decade, Ways Electron Co's Net Current Asset Value has ranged from 2.73 to 27.54. According to the industry distribution chart, Ways Electron Co ranks #935 out of 1835 companies in the Hardware industry, placing it in the top 51%.
Is Ways Electron Co's Net Current Asset Value too high?
Ways Electron Co's current Net Current Asset Value of ¥2.51 is 48% below median its 10-year median of 4.82. Over the past 10 years, this metric has ranged from a low of 2.73 to a high of 27.54. Based on the distribution chart, Ways Electron Co ranks #935 out of 1835 companies in the Hardware industry, which is below the industry midpoint. Overall, Ways Electron Co has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ways Electron Co's Net Current Asset Value compare to APH and GLW?
According to the Hardware industry distribution chart, Ways Electron Co ranks #935 out of 1835 companies for Net Current Asset Value. This places Ways Electron Co in the lower half of its industry. The industry median Net Current Asset Value is 5.30. Historically, Ways Electron Co's own Net Current Asset Value has ranged from 2.73 to 27.54 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.30, based on 1,835 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 Ways Electron Co and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ways Electron Co's current Net Current Asset Value is ¥2.51, which is 48% below median its own 10-year median of 4.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ways Electron Co stock overvalued right now?
Based on GuruFocus' analysis, Ways Electron Co (SHSE:605218) is currently considered Possible Value Trap. The stock's GF Value™ is ¥27.19, compared to a current price of ¥13.63 — trading 49.9% below its estimated fair value. The current Net Current Asset Value is ¥2.51, which is 48% below median its 10-year median of 4.82. Ways Electron Co's overall GF Score™ is 74/100 with 8 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 Ways Electron Co (SHSE:605218), the current Net Current Asset Value is ¥2.51 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 Ways Electron Co (SHSE:605218) Overvalued in 2026?
Based on GuruFocus' analysis, Ways Electron Co stock appears to be undervalued.
The current stock price of ¥13.63 is trading 49.9% below its estimated GF Value™ of ¥27.19.
GuruFocus considers Ways Electron Co to be Possible Value Trap.
Key valuation signals for SHSE:605218:
Net Current Asset Value: ¥2.51 (48% below median its 10-year median of 4.82)
GF Value™: ¥27.19 vs. price of ¥13.63 (49.9% below fair value)
No single metric tells the full story. See the SHSE:605218 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ways Electron Co Ltd is engaged in production and sales of backlight display modules, liquid crystal display modules and other products. The company specializes in the research & development, designing, manufacturing and sales area which focus on the products such as Backlight module, Liquid crystal module, Touch screen, related hardware parts and Rubber rollers of OA equipment such as printer.
74GF Score
Get the complete analysis for SHSE:605218
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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