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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).
TPE:1215's Price-to-Net-Current-Asset-Value is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 4.2 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Charoen Pokphand Enterprise(Taiwan) Co (TPE:1215) 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.
Charoen Pokphand Enterprise(Taiwan) Co Net Current Asset Value Related Terms
Charoen Pokphand Enterprise(Taiwan) 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.
Charoen Pokphand Enterprise(Taiwan) Co Net Current Asset Value Chart
Charoen Pokphand Enterprise(Taiwan) Co Annual Data
TPE:1215 vs KHC, GIS: Net Current Asset Value Comparison
For the Packaged Foods subindustry, Charoen Pokphand Enterprise(Taiwan) 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.
Charoen Pokphand Enterprise(Taiwan) Co Price-to-Net-Current-Asset-Value vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Charoen Pokphand Enterprise(Taiwan) Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Charoen Pokphand Enterprise(Taiwan) 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$-34.69 mean?
Charoen Pokphand Enterprise(Taiwan) Co (TPE:1215) has a Net Current Asset Value of NT$-34.69 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 Charoen Pokphand Enterprise(Taiwan) Co and its competitors. According to the industry distribution chart, Charoen Pokphand Enterprise(Taiwan) Co ranks #999999 out of 1053 companies in the Consumer Packaged Goods industry.
Is Charoen Pokphand Enterprise(Taiwan) Co's Net Current Asset Value too high?
Charoen Pokphand Enterprise(Taiwan) Co's current Net Current Asset Value is NT$-34.69. Based on the distribution chart, Charoen Pokphand Enterprise(Taiwan) Co ranks #999999 out of 1053 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Charoen Pokphand Enterprise(Taiwan) Co has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Charoen Pokphand Enterprise(Taiwan) Co's Net Current Asset Value compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Charoen Pokphand Enterprise(Taiwan) Co ranks #999999 out of 1053 companies for Net Current Asset Value. This places Charoen Pokphand Enterprise(Taiwan) Co in the lower half of its industry. The industry median Net Current Asset Value is 4.20. 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 Consumer Packaged Goods company?
The median Net Current Asset Value among Consumer Packaged Goods companies is 4.20, based on 1,053 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 Charoen Pokphand Enterprise(Taiwan) Co and its competitors. For the Consumer Packaged Goods industry, the median Net Current Asset Value is 4.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Charoen Pokphand Enterprise(Taiwan) Co's current Net Current Asset Value is NT$-34.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Charoen Pokphand Enterprise(Taiwan) Co stock overvalued right now?
Based on GuruFocus' analysis, Charoen Pokphand Enterprise(Taiwan) Co (TPE:1215) is currently considered Fairly Valued. The stock's GF Value™ is NT$102.12, compared to a current price of NT$110.50 — trading 8.2% above its estimated fair value. The current Net Current Asset Value is NT$-34.69. Charoen Pokphand Enterprise(Taiwan) Co's overall GF Score™ is 90/100 with 5 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 Charoen Pokphand Enterprise(Taiwan) Co (TPE:1215), the current Net Current Asset Value is NT$-34.69 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 Charoen Pokphand Enterprise(Taiwan) Co (TPE:1215) Overvalued in 2026?
Based on GuruFocus' analysis, Charoen Pokphand Enterprise(Taiwan) Co stock appears to be overvalued.
The current stock price of NT$110.50 is trading 8.2% above its estimated GF Value™ of NT$102.12.
GuruFocus considers Charoen Pokphand Enterprise(Taiwan) Co to be Fairly Valued.
Key valuation signals for TPE:1215:
Net Current Asset Value: NT$-34.69
GF Value™: NT$102.12 vs. price of NT$110.50 (8.2% above fair value)
No single metric tells the full story. See the TPE:1215 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Charoen Pokphand Enterprise(Taiwan) Co Business Description
Charoen Pokphand Enterprise(Taiwan) Co Ltd is a poultry processing company based in Taiwan. Its products include processed meat products, feedstuff, and processed cooked feedstuff, including chicken floss, hams, chicken nuggets, chicken chops, bacon, and others. The Group's reportable segments are: Feeds, Meat processing, Food processing, and Husbandry. Maximum revenue is generated from the Feed business, which is engaged in the manufacture and sale of animal feeds and the wholesale of commodity. The Meat processing business deals with the electric slaughter of livestock; the Food processing segment processes meat products; and the Husbandry segment is engaged in the husbandry management of chickens to produce eggs and meat. Geographically, the Group derives all its revenue from Taiwan.
90GF Score
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