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Chang Ho FibreTPE:1468 +7.51%58 Net Current Asset Value is NT$1.21 as of Dec. 2025, which is 100% below its 10-year median of 16.38. GuruFocus rates TPE:1468 with a GF Score™ of 58/100 and a GF Value™ of NT$9.80 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 629 Manufacturing - Apparel & Accessories companies, Chang Ho Fibre ranks worse than 82.51% 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).
Chang Ho Fibre's net current asset value per share for the quarter that ended in Dec. 2025 was NT$1.21.
The historical rank and industry rank for Chang Ho Fibre's Net Current Asset Value or its related term are showing as below:
TPE:1468'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 9.92 Med: 16.38 Max: 22.84
Current: 11.24
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Chang Ho Fibre was 22.84. The lowest was 9.92. And the median was 16.38.
TPE:1468's Price-to-Net-Current-Asset-Value is ranked worse than 82.51% of 629
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.93
vs TPE:1468: 11.24
Chang Ho Fibre (TPE:1468) 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.
Chang Ho Fibre Net Current Asset Value Related Terms
Chang Ho Fibre Net Current Asset Value Historical Data
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The historical data trend for Chang Ho Fibre'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.
Chang Ho Fibre Net Current Asset Value Competitor Comparison
For the Textile Manufacturing subindustry, Chang Ho Fibre'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.
Chang Ho Fibre Price-to-Net-Current-Asset-Value vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Chang Ho Fibre's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Chang Ho Fibre'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$1.21 mean?
Chang Ho Fibre (TPE:1468) has a Net Current Asset Value of NT$1.21 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 Chang Ho Fibre and its competitors. This is 93% below median its historical median of 16.38. Over the past decade, Chang Ho Fibre's Net Current Asset Value has ranged from 9.92 to 22.84. According to the industry distribution chart, Chang Ho Fibre ranks #519 out of 629 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 82.5%.
Is Chang Ho Fibre's Net Current Asset Value too high?
Chang Ho Fibre's current Net Current Asset Value of NT$1.21 is 93% below median its 10-year median of 16.38. Over the past 10 years, this metric has ranged from a low of 9.92 to a high of 22.84. Based on the distribution chart, Chang Ho Fibre ranks #519 out of 629 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Chang Ho Fibre has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chang Ho Fibre's Net Current Asset Value compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Chang Ho Fibre ranks #519 out of 629 companies for Net Current Asset Value. This places Chang Ho Fibre in the lower half of its industry. The industry median Net Current Asset Value is 2.93. Historically, Chang Ho Fibre's own Net Current Asset Value has ranged from 9.92 to 22.84 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 Manufacturing - Apparel & Accessories company?
The median Net Current Asset Value among Manufacturing - Apparel & Accessories companies is 2.93, based on 629 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 Chang Ho Fibre and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Net Current Asset Value is 2.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chang Ho Fibre's current Net Current Asset Value is NT$1.21, which is 93% below median its own 10-year median of 16.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chang Ho Fibre stock overvalued right now?
Based on GuruFocus' analysis, Chang Ho Fibre (TPE:1468) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$9.80, compared to a current price of NT$13.60 — trading 38.8% above its estimated fair value. The current Net Current Asset Value is NT$1.21, which is 93% below median its 10-year median of 16.38. Chang Ho Fibre's overall GF Score™ is 58/100 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 Chang Ho Fibre (TPE:1468), the current Net Current Asset Value is NT$1.21 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 Chang Ho Fibre (TPE:1468) Overvalued in 2026?
Based on GuruFocus' analysis, Chang Ho Fibre stock appears to be overvalued.
The current stock price of NT$13.60 is trading 38.8% above its estimated GF Value™ of NT$9.80.
GuruFocus considers Chang Ho Fibre to be Significantly Overvalued.
Key valuation signals for TPE:1468:
Net Current Asset Value: NT$1.21 (93% below median its 10-year median of 16.38)
GF Value™: NT$9.80 vs. price of NT$13.60 (38.8% above fair value)
No single metric tells the full story. See the TPE:1468 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chang Ho Fibre Corp manufactures and sells various fibers, ultra-fine and super-micro fibers, and dyed and finished fabrics. Geographically, the company generates maximum revenue from its customers in Bangladesh, followed by China, Taiwan, South Korea, Laos, and Vietnam. The company's segments include: Domestic Segment; Shaoxing Segment; and Other Divisions. The company's main products include: 10-2000 Danny; Double-shot - Four-sided shot; calico; bonding and gluing; Parachute fabric; and PET bottle recycling.
58GF 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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