Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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).
Kwong Fong Industries's net current asset value per share for the quarter that ended in Dec. 2025 was NT$-2.73.
The historical rank and industry rank for Kwong Fong Industries's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kwong Fong Industries was 9.23. The lowest was 1.20. And the median was 2.66.
TPE:1416's Price-to-Net-Current-Asset-Value is not ranked *
in the Software industry.
Industry Median: 4.73 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Kwong Fong Industries (TPE:1416) 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.
Kwong Fong Industries Net Current Asset Value Related Terms
Kwong Fong Industries Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Kwong Fong Industries'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.
Kwong Fong Industries Net Current Asset Value Chart
TPE:1416 vs IBM, ACN, FISV: Net Current Asset Value Comparison
For the Information Technology Services subindustry, Kwong Fong Industries'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.
Kwong Fong Industries Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Kwong Fong Industries's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kwong Fong Industries'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$-2.73 mean?
Kwong Fong Industries (TPE:1416) has a Net Current Asset Value of NT$-2.73 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Kwong Fong Industries and its competitors. Over the past decade, Kwong Fong Industries' Net Current Asset Value has ranged from 1.20 to 9.23. According to the industry distribution chart, Kwong Fong Industries ranks #999999 out of 1760 companies in the Software industry.
Is Kwong Fong Industries' Net Current Asset Value too high?
Kwong Fong Industries' current Net Current Asset Value is NT$-2.73. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 9.23. Based on the distribution chart, Kwong Fong Industries ranks #999999 out of 1760 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Kwong Fong Industries has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kwong Fong Industries' Net Current Asset Value compare to IBM and ACN?
According to the Software industry distribution chart, Kwong Fong Industries ranks #999999 out of 1760 companies for Net Current Asset Value. This places Kwong Fong Industries in the lower half of its industry. The industry median Net Current Asset Value is 4.73. Historically, Kwong Fong Industries' own Net Current Asset Value has ranged from 1.20 to 9.23 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 Software company?
The median Net Current Asset Value among Software companies is 4.73, based on 1,760 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 Kwong Fong Industries and its competitors. For the Software industry, the median Net Current Asset Value is 4.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kwong Fong Industries's current Net Current Asset Value is NT$-2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kwong Fong Industries stock overvalued right now?
Based on GuruFocus' analysis, Kwong Fong Industries (TPE:1416) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$15.45, compared to a current price of NT$11.05 — trading 28.5% below its estimated fair value. The current Net Current Asset Value is NT$-2.73. Kwong Fong Industries' overall GF Score™ is 65/100 with 6 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 Kwong Fong Industries (TPE:1416), the current Net Current Asset Value is NT$-2.73 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 Kwong Fong Industries (TPE:1416) Overvalued in 2026?
Based on GuruFocus' analysis, Kwong Fong Industries stock appears to be undervalued.
The current stock price of NT$11.05 is trading 28.5% below its estimated GF Value™ of NT$15.45.
GuruFocus considers Kwong Fong Industries to be Modestly Undervalued.
Key valuation signals for TPE:1416:
Net Current Asset Value: NT$-2.73
GF Value™: NT$15.45 vs. price of NT$11.05 (28.5% below fair value)
No single metric tells the full story. See the TPE:1416 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kwong Fong Industries Corp main business items include housing and building development and rental, real estate business, mall management, information software services, and electronic information supply services. The company's segment includes the Kwong Fong Department, the Pao Fong Asset Management Department, the Kwong Fong Holdings Department, and the Digital Technology Department. The company generates the majority of its revenue from the Digital Technology Department, which is engaged in Information Software Services. The company generates all of its revenue from Taiwan. The company's revenue is derived from information services, software sales, and real estate sales.
65GF Score
Get the complete analysis for TPE:1416
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:1416 has been successfully added to your 
