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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).
Dyaco International's net current asset value per share for the quarter that ended in Dec. 2025 was NT$-11.74.
The historical rank and industry rank for Dyaco International'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 Dyaco International was 19.27. The lowest was 19.27. And the median was 19.27.
TPE:1598's Price-to-Net-Current-Asset-Value is not ranked *
in the Travel & Leisure industry.
Industry Median: 4.2 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Dyaco International (TPE:1598) 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.
Dyaco International Net Current Asset Value Related Terms
Dyaco International Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Dyaco International'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:1598 vs AS, HAS, LTH: Net Current Asset Value Comparison
For the Leisure subindustry, Dyaco International'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.
Dyaco International Price-to-Net-Current-Asset-Value vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Dyaco International's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Dyaco International'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$-11.74 mean?
Dyaco International (TPE:1598) has a Net Current Asset Value of NT$-11.74 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Dyaco International and its competitors. Over the past decade, Dyaco International's Net Current Asset Value has ranged from 19.27 to 19.27. According to the industry distribution chart, Dyaco International ranks #999999 out of 309 companies in the Travel & Leisure industry.
Is Dyaco International's Net Current Asset Value too high?
Dyaco International's current Net Current Asset Value is NT$-11.74. Over the past 10 years, this metric has ranged from a low of 19.27 to a high of 19.27. Based on the distribution chart, Dyaco International ranks #999999 out of 309 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Dyaco International has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dyaco International's Net Current Asset Value compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Dyaco International ranks #999999 out of 309 companies for Net Current Asset Value. This places Dyaco International in the lower half of its industry. The industry median Net Current Asset Value is 4.20. Historically, Dyaco International's own Net Current Asset Value has ranged from 19.27 to 19.27 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 Travel & Leisure company?
The median Net Current Asset Value among Travel & Leisure companies is 4.20, based on 309 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 Dyaco International and its competitors. For the Travel & Leisure 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. Dyaco International's current Net Current Asset Value is NT$-11.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dyaco International stock overvalued right now?
Based on GuruFocus' analysis, Dyaco International (TPE:1598) is currently considered Fairly Valued. The stock's GF Value™ is NT$19.96, compared to a current price of NT$20.30 — trading 1.7% above its estimated fair value. The current Net Current Asset Value is NT$-11.74. Dyaco International's overall GF Score™ is 57/100 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 Dyaco International (TPE:1598), the current Net Current Asset Value is NT$-11.74 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 Dyaco International (TPE:1598) Overvalued in 2026?
Based on GuruFocus' analysis, Dyaco International stock appears to be overvalued.
The current stock price of NT$20.30 is trading 1.7% above its estimated GF Value™ of NT$19.96.
GuruFocus considers Dyaco International to be Fairly Valued.
Key valuation signals for TPE:1598:
Net Current Asset Value: NT$-11.74
GF Value™: NT$19.96 vs. price of NT$20.30 (1.7% above fair value)
No single metric tells the full story. See the TPE:1598 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dyaco International Inc is a Taiwan-based trading company that mainly manufactures, imports, exports and sells sports equipment and outdoor furniture. Its a Brand manufacturer, and distributor of Spirit Fitness, SOLE Fitness, XTERAA Fitness, Spirit Medical Systems Group, Fuel, Dyaco, and Intrepid. Its reportable segments are Asia, the Americas, and Europe, which mainly manufacture and sell treadmills, elliptical machines, and outdoor furniture. The majority of the revenue comes from the America.
57GF Score
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