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UsiTPE:1304 +1.85%53 Net Current Asset Value is NT$-20.81 as of Dec. 2025. GuruFocus rates TPE:1304 with a GF Score™ of 53/100 and a GF Value™ of NT$13.21 (Fairly Valued). The stock has 7 warning signs investors should review. Among 945 Chemicals companies, Usi ranks worse than 105820% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Usi's net current asset value per share for the quarter that ended in Dec. 2025 was NT$-20.81.
The historical rank and industry rank for Usi's Net Current Asset Value or its related term are showing as below:
TPE:1304's Price-to-Net-Current-Asset-Value is not ranked *
in the Chemicals industry.
Industry Median: 5.15 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Usi (TPE:1304) 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.
Usi Net Current Asset Value Related Terms
Usi Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Usi'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.
TPE:1304 vs LIN, SHW, ECL: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Usi'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.
Usi Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Usi's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Usi'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$-20.81 mean?
Usi (TPE:1304) has a Net Current Asset Value of NT$-20.81 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 Usi and its competitors. According to the industry distribution chart, Usi ranks #999999 out of 945 companies in the Chemicals industry.
Is Usi's Net Current Asset Value too high?
Usi's current Net Current Asset Value is NT$-20.81. Based on the distribution chart, Usi ranks #999999 out of 945 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Usi has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Usi's Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, Usi ranks #999999 out of 945 companies for Net Current Asset Value. This places Usi in the lower half of its industry. The industry median Net Current Asset Value is 5.15. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.15, based on 945 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Usi and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Usi's current Net Current Asset Value is NT$-20.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Usi stock overvalued right now?
Based on GuruFocus' analysis, Usi (TPE:1304) is currently considered Fairly Valued. The stock's GF Value™ is NT$13.21, compared to a current price of NT$13.80 — trading 4.5% above its estimated fair value. The current Net Current Asset Value is NT$-20.81. Usi's overall GF Score™ is 53/100 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 Usi (TPE:1304), the current Net Current Asset Value is NT$-20.81 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 Usi (TPE:1304) Overvalued in 2026?
Based on GuruFocus' analysis, Usi stock appears to be overvalued.
The current stock price of NT$13.80 is trading 4.5% above its estimated GF Value™ of NT$13.21.
GuruFocus considers Usi to be Fairly Valued.
Key valuation signals for TPE:1304:
Net Current Asset Value: NT$-20.81
GF Value™: NT$13.21 vs. price of NT$13.80 (4.5% above fair value)
No single metric tells the full story. See the TPE:1304 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Usi Corp produces and sells polyethylene. The company manufactures and sells polyethylene resins that can be classified into four categories: Low Density Polyethylene, Ethylene-Vinyl Acetate copolymer, High Density Polyethylene - HDPE and Linear Low-Density Polyethylene - LLDPE. Its other new products include a zipper bag, a breathable rain poncho, Anti Smog Mesh, Aqua Genie, Anti-haze Screen Window Mesh, ViviOnTM Cyclic Block Copolymers (CBC), Superior Sun-Shielding Coating, and FREVA - Fireproof Material. Its segments consist of USI, CGPC and CGPC's subsidiaries, TTC and TTC's subsidiaries, ACME and ACME's subsidiaries APC and APC's subsidiaries, and Others. Geographically, it operates in Asia, Americas, Europe, Africa, Oceania, and others, with Asia deriving the majority of revenue.
53GF Score
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