TOTOTOTDF 68 Net Current Asset Value is $2.79 as of Mar. 2026, which is 79% below its 10-year median of 13.06. GuruFocus rates TOTDF with a GF Score™ of 68/100 and a GF Value™ of $26.81 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,054 Construction companies, TOTO ranks worse than 89.28% 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).
TOTO's net current asset value per share for the quarter that ended in Mar. 2026 was $2.79.
The historical rank and industry rank for TOTO's Net Current Asset Value or its related term are showing as below:
TOTDF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.97 Med: 13.06 Max: 27.68
Current: 18.9
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of TOTO was 27.68. The lowest was 7.97. And the median was 13.06.
TOTDF's Price-to-Net-Current-Asset-Value is ranked worse than 89.28% of 1054
companies
in the Construction industry
Industry Median: 3.23
vs TOTDF: 18.90
TOTO (OTCPK:TOTDF) 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.
TOTO Net Current Asset Value Related Terms
TOTO Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for TOTO'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.
TOTDF vs TT, JCI, CARR: Net Current Asset Value Comparison
For the Building Products & Equipment subindustry, TOTO'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.
TOTO Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, TOTO's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where TOTO'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 $2.79 mean?
TOTO (TOTDF) has a Net Current Asset Value of $2.79 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 TOTO and its competitors. This is 79% below median its historical median of 13.06. Over the past decade, TOTO's Net Current Asset Value has ranged from 7.97 to 27.68. According to the industry distribution chart, TOTO ranks #941 out of 1054 companies in the Construction industry, placing it in the top 89.3%.
Is TOTO's Net Current Asset Value too high?
TOTO's current Net Current Asset Value of $2.79 is 79% below median its 10-year median of 13.06. Over the past 10 years, this metric has ranged from a low of 7.97 to a high of 27.68. The Construction industry median Net Current Asset Value is 3.23. TOTO's value of $2.79 is 13.6% below this industry median. Based on the distribution chart, TOTO ranks #941 out of 1054 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, TOTO has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOTO's Net Current Asset Value compare to TT and JCI?
According to the Construction industry distribution chart, TOTO ranks #941 out of 1054 companies for Net Current Asset Value. This places TOTO in the lower half of its industry. The industry median Net Current Asset Value is 3.23. TOTO's value of $2.79 is 13.6% below this benchmark. Historically, TOTO's own Net Current Asset Value has ranged from 7.97 to 27.68 over the past decade. While the company's 10-year median is 13.06 vs. the industry median of 3.23, TOTO has consistently been below the industry average. 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 3.23, based on 1,054 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. TOTO's current Net Current Asset Value of $2.79 is 13.6% below the industry median. 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 TOTO and its competitors. For the Construction industry, the median Net Current Asset Value is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOTO's current Net Current Asset Value is $2.79, which is 79% below median its own 10-year median of 13.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOTO stock overvalued right now?
Based on GuruFocus' analysis, TOTO (TOTDF) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.81, compared to a current price of $55.20 — trading 105.9% above its estimated fair value. The current Net Current Asset Value is $2.79, which is 79% below median its 10-year median of 13.06 and 13.6% below the Construction industry median of 3.23. TOTO's overall GF Score™ is 68/100 with 7 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 TOTO (TOTDF), the current Net Current Asset Value is $2.79 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 TOTO (TOTDF) Overvalued in 2026?
Based on GuruFocus' analysis, TOTO stock appears to be overvalued.
The current stock price of $55.20 is trading 105.9% above its estimated GF Value™ of $26.81.
GuruFocus considers TOTO to be Significantly Overvalued.
Key valuation signals for TOTDF:
Net Current Asset Value: $2.79 (79% below median its 10-year median of 13.06)
GF Value™: $26.81 vs. price of $55.20 (105.9% above fair value)
Industry Position: 13.6% below the Construction median (#941 of 1054)
No single metric tells the full story. See the TOTDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOTO Ltd manufactures and sells bathroom materials for maintenance, improvement, construction, and home improvement projects. The company's product portfolio includes toilets, urinals, sinks, plumbing accessories, bathtubs, unit bathrooms, faucets, drain fittings, marble counters, and electric water heaters, and others.. The firm organizes itself based on geography and operates through six business segments, which include the Japan Housing Equipment Business segment, the Mainland China Business segment, the Asia and Oceania Business segment, the Americas Business segment, the Europe Business segment, and the New field business - Ceramic business.. It generates the majority of its revenue from the Japan Housing Equipment Business segment.
68GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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