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Cathay Chemical WorksTPE:1713 -1.66%70 Net Current Asset Value is NT$3.15 as of Dec. 2025, which is 100% below its 10-year median of 4.82. GuruFocus rates TPE:1713 with a GF Score™ of 70/100 and a GF Value™ of NT$42.73 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 945 Chemicals companies, Cathay Chemical Works ranks worse than 80.32% 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).
Cathay Chemical Works's net current asset value per share for the quarter that ended in Dec. 2025 was NT$3.15.
The historical rank and industry rank for Cathay Chemical Works's Net Current Asset Value or its related term are showing as below:
TPE:1713'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.8 Med: 4.82 Max: 16.6
Current: 15.05
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Cathay Chemical Works was 16.60. The lowest was 2.80. And the median was 4.82.
TPE:1713's Price-to-Net-Current-Asset-Value is ranked worse than 80.32% of 945
companies
in the Chemicals industry
Industry Median: 5.08
vs TPE:1713: 15.05
Cathay Chemical Works (TPE:1713) 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.
Cathay Chemical Works Net Current Asset Value Related Terms
Cathay Chemical Works Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Cathay Chemical Works'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.
Cathay Chemical Works Net Current Asset Value Chart
TPE:1713 vs LIN, SHW, ECL: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Cathay Chemical Works'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.
Cathay Chemical Works Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Cathay Chemical Works's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Cathay Chemical Works'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$3.15 mean?
Cathay Chemical Works (TPE:1713) has a Net Current Asset Value of NT$3.15 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 Cathay Chemical Works and its competitors. This is 35% below median its historical median of 4.82. Over the past decade, Cathay Chemical Works' Net Current Asset Value has ranged from 2.80 to 16.60. According to the industry distribution chart, Cathay Chemical Works ranks #759 out of 945 companies in the Chemicals industry, placing it in the top 80.3%.
Is Cathay Chemical Works' Net Current Asset Value too high?
Cathay Chemical Works' current Net Current Asset Value of NT$3.15 is 35% below median its 10-year median of 4.82. Over the past 10 years, this metric has ranged from a low of 2.80 to a high of 16.60. Based on the distribution chart, Cathay Chemical Works ranks #759 out of 945 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Cathay Chemical Works has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cathay Chemical Works' Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, Cathay Chemical Works ranks #759 out of 945 companies for Net Current Asset Value. This places Cathay Chemical Works in the lower half of its industry. The industry median Net Current Asset Value is 5.08. Historically, Cathay Chemical Works' own Net Current Asset Value has ranged from 2.80 to 16.60 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 Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.08, 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 Cathay Chemical Works and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cathay Chemical Works's current Net Current Asset Value is NT$3.15, which is 35% below median its own 10-year median of 4.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cathay Chemical Works stock overvalued right now?
Based on GuruFocus' analysis, Cathay Chemical Works (TPE:1713) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$42.73, compared to a current price of NT$47.40 — trading 10.9% above its estimated fair value. The current Net Current Asset Value is NT$3.15, which is 35% below median its 10-year median of 4.82. Cathay Chemical Works' overall GF Score™ is 70/100 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 Cathay Chemical Works (TPE:1713), the current Net Current Asset Value is NT$3.15 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 Cathay Chemical Works (TPE:1713) Overvalued in 2026?
Based on GuruFocus' analysis, Cathay Chemical Works stock appears to be overvalued.
The current stock price of NT$47.40 is trading 10.9% above its estimated GF Value™ of NT$42.73.
GuruFocus considers Cathay Chemical Works to be Modestly Overvalued.
Key valuation signals for TPE:1713:
Net Current Asset Value: NT$3.15 (35% below median its 10-year median of 4.82)
GF Value™: NT$42.73 vs. price of NT$47.40 (10.9% above fair value)
No single metric tells the full story. See the TPE:1713 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cathay Chemical Works Inc Company's mainly business is the manufacture and sale of sodium hydrosulfite, zinc oxide, sodium formaldehyde sulfoxylate, zinc dust and so on. It is the sole operating department. The company has presence in Taiwan, Asia, America, Europe, New Zealand and Australia. The majority of revenue comes from Taiwan.
70GF Score
Get the complete analysis for TPE:1713
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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