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Kandenko CoSTU:5EY +4.32%63 Net Current Asset Value is €4.18 as of Mar. 2026, which is 100% below its 10-year median of 3.02. GuruFocus rates STU:5EY with a GF Score™ of 63/100 and a GF Value™ of €14.50 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,062 Construction companies, Kandenko Co ranks worse than 77.21% 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).
Kandenko Co's net current asset value per share for the quarter that ended in Mar. 2026 was €4.18.
The historical rank and industry rank for Kandenko Co's Net Current Asset Value or its related term are showing as below:
STU:5EY'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.67 Med: 3.02 Max: 8.29
Current: 8.28
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kandenko Co was 8.29. The lowest was 1.67. And the median was 3.02.
STU:5EY's Price-to-Net-Current-Asset-Value is ranked worse than 77.21% of 1062
companies
in the Construction industry
Industry Median: 3.22
vs STU:5EY: 8.28
Kandenko Co (STU:5EY) 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.
Kandenko Co Net Current Asset Value Related Terms
Kandenko Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Kandenko 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.
STU:5EY vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Kandenko 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.
Kandenko Co Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Kandenko Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kandenko 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 €4.18 mean?
Kandenko Co (STU:5EY) has a Net Current Asset Value of €4.18 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 Kandenko Co and its competitors. This is 38% above median its historical median of 3.02. Over the past decade, Kandenko Co's Net Current Asset Value has ranged from 1.67 to 8.29. According to the industry distribution chart, Kandenko Co ranks #820 out of 1062 companies in the Construction industry, placing it in the top 77.2%.
Is Kandenko Co's Net Current Asset Value too high?
Kandenko Co's current Net Current Asset Value of €4.18 is 38% above median its 10-year median of 3.02. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 8.29. Based on the distribution chart, Kandenko Co ranks #820 out of 1062 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Kandenko Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kandenko Co's Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, Kandenko Co ranks #820 out of 1062 companies for Net Current Asset Value. This places Kandenko Co in the lower half of its industry. The industry median Net Current Asset Value is 3.22. Historically, Kandenko Co's own Net Current Asset Value has ranged from 1.67 to 8.29 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 3.22, based on 1,062 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 Kandenko Co and its competitors. For the Construction industry, the median Net Current Asset Value is 3.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kandenko Co's current Net Current Asset Value is €4.18, which is 38% above median its own 10-year median of 3.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kandenko Co stock overvalued right now?
Based on GuruFocus' analysis, Kandenko Co (STU:5EY) is currently considered Significantly Overvalued. The stock's GF Value™ is €14.50, compared to a current price of €33.80 — trading 133.1% above its estimated fair value. The current Net Current Asset Value is €4.18, which is 38% above median its 10-year median of 3.02. Kandenko Co's overall GF Score™ is 63/100 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 Kandenko Co (STU:5EY), the current Net Current Asset Value is €4.18 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 Kandenko Co (STU:5EY) Overvalued in 2026?
Based on GuruFocus' analysis, Kandenko Co stock appears to be overvalued.
The current stock price of €33.80 is trading 133.1% above its estimated GF Value™ of €14.50.
GuruFocus considers Kandenko Co to be Significantly Overvalued.
Key valuation signals for STU:5EY:
Net Current Asset Value: €4.18 (38% above median its 10-year median of 3.02)
GF Value™: €14.50 vs. price of €33.80 (133.1% above fair value)
No single metric tells the full story. See the STU:5EY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kandenko Co Ltd is a Japanese infrastructure and engineering company. The company organises itself into two segments: engineering and other. The engineering segment, which contributes nearly all the company's revenue, conducts electric engineering work for building construction and renovation, installs and maintains telecommunication systems, constructs and maintains power distribution lines and facilities, inspects and maintains nuclear power plants, and conducts civil engineering work. The company derives the vast majority of revenue domestically.
63GF Score
Get the complete analysis for STU:5EY
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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