Toyota MotorTOYOF +4.30%80 Net Current Asset Value is $-11.01 as of Mar. 2026. GuruFocus rates TOYOF with a GF Score™ of 80/100 and a GF Value™ of $21.03 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 707 Vehicles & Parts companies, Toyota Motor ranks worse than 141442.57% 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).
Toyota Motor's net current asset value per share for the quarter that ended in Mar. 2026 was $-11.01.
The historical rank and industry rank for Toyota Motor's Net Current Asset Value or its related term are showing as below:
TOYOF's Price-to-Net-Current-Asset-Value is not ranked *
in the Vehicles & Parts industry.
Industry Median: 4.85 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Toyota Motor (OTCPK:TOYOF) 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.
Toyota Motor Net Current Asset Value Related Terms
Toyota Motor Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Toyota Motor'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.
TOYOF vs TSLA, GM, F: Net Current Asset Value Comparison
For the Auto Manufacturers subindustry, Toyota Motor'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.
Toyota Motor Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Toyota Motor's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Toyota Motor'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 $-11.01 mean?
Toyota Motor (TOYOF) has a Net Current Asset Value of $-11.01 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 Toyota Motor and its competitors. According to the industry distribution chart, Toyota Motor ranks #999999 out of 707 companies in the Vehicles & Parts industry.
Is Toyota Motor's Net Current Asset Value too high?
Toyota Motor's current Net Current Asset Value is $-11.01. Based on the distribution chart, Toyota Motor ranks #999999 out of 707 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Toyota Motor has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Toyota Motor's Net Current Asset Value compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Toyota Motor ranks #999999 out of 707 companies for Net Current Asset Value. This places Toyota Motor in the lower half of its industry. The industry median Net Current Asset Value is 4.85. 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 Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 4.85, based on 707 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 Toyota Motor and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 4.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toyota Motor's current Net Current Asset Value is $-11.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toyota Motor stock overvalued right now?
Based on GuruFocus' analysis, Toyota Motor (TOYOF) is currently considered Modestly Undervalued. The stock's GF Value™ is $21.03, compared to a current price of $17.31 — trading 17.7% below its estimated fair value. The current Net Current Asset Value is $-11.01. Toyota Motor's overall GF Score™ is 80/100 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 Toyota Motor (TOYOF), the current Net Current Asset Value is $-11.01 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 Toyota Motor (TOYOF) Overvalued in 2026?
Based on GuruFocus' analysis, Toyota Motor stock appears to be undervalued.
The current stock price of $17.31 is trading 17.7% below its estimated GF Value™ of $21.03.
GuruFocus considers Toyota Motor to be Modestly Undervalued.
Key valuation signals for TOYOF:
Net Current Asset Value: $-11.01
GF Value™: $21.03 vs. price of $17.31 (17.7% below fair value)
No single metric tells the full story. See the TOYOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1937, Toyota is one of the world's largest automakers, with 11.3 million units sold at retail in fiscal 2026, including 10.5 million across the Toyota and Lexus brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 50% excluding mini-vehicles, while US share is around 14%. The firm also owns stakes in Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2026 sales excluding financial services were JPY 46.1 trillion. Toyota also has a financing arm and manufactures homes and boats.
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