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).
Chun Yu Works's net current asset value per share for the quarter that ended in Dec. 2025 was NT$-2.59.
The historical rank and industry rank for Chun Yu Works'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 Chun Yu Works was 28.06. The lowest was 17.39. And the median was 24.26.
TPE:2012's Price-to-Net-Current-Asset-Value is not ranked *
in the Steel industry.
Industry Median: 2.95 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Chun Yu Works (TPE:2012) 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.
Chun Yu Works Net Current Asset Value Related Terms
Chun Yu Works Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Chun Yu 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.
TPE:2012 vs NUE, STLD, RS: Net Current Asset Value Comparison
For the Steel subindustry, Chun Yu 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.
Chun Yu Works Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, Chun Yu Works's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Chun Yu 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$-2.59 mean?
Chun Yu Works (TPE:2012) has a Net Current Asset Value of NT$-2.59 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Chun Yu Works and its competitors. Over the past decade, Chun Yu Works' Net Current Asset Value has ranged from 17.39 to 28.06. According to the industry distribution chart, Chun Yu Works ranks #999999 out of 368 companies in the Steel industry.
Is Chun Yu Works' Net Current Asset Value too high?
Chun Yu Works' current Net Current Asset Value is NT$-2.59. Over the past 10 years, this metric has ranged from a low of 17.39 to a high of 28.06. Based on the distribution chart, Chun Yu Works ranks #999999 out of 368 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Chun Yu Works has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chun Yu Works' Net Current Asset Value compare to NUE and STLD?
According to the Steel industry distribution chart, Chun Yu Works ranks #999999 out of 368 companies for Net Current Asset Value. This places Chun Yu Works in the lower half of its industry. The industry median Net Current Asset Value is 2.95. Historically, Chun Yu Works' own Net Current Asset Value has ranged from 17.39 to 28.06 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 Steel company?
The median Net Current Asset Value among Steel companies is 2.95, based on 368 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 Chun Yu Works and its competitors. For the Steel industry, the median Net Current Asset Value is 2.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chun Yu Works's current Net Current Asset Value is NT$-2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chun Yu Works stock overvalued right now?
Based on GuruFocus' analysis, Chun Yu Works (TPE:2012) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$19.20, compared to a current price of NT$16.85 — trading 12.2% below its estimated fair value. The current Net Current Asset Value is NT$-2.59. Chun Yu Works' overall GF Score™ is 61/100 with 9 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 Chun Yu Works (TPE:2012), the current Net Current Asset Value is NT$-2.59 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 Chun Yu Works (TPE:2012) Overvalued in 2026?
Based on GuruFocus' analysis, Chun Yu Works stock appears to be undervalued.
The current stock price of NT$16.85 is trading 12.2% below its estimated GF Value™ of NT$19.20.
GuruFocus considers Chun Yu Works to be Modestly Undervalued.
Key valuation signals for TPE:2012:
Net Current Asset Value: NT$-2.59
GF Value™: NT$19.20 vs. price of NT$16.85 (12.2% below fair value)
No single metric tells the full story. See the TPE:2012 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chun Yu Works & Co Ltd manufactures steel products. The Company is engaged in the manufacture and sales of screws, nuts and wire rods, and other related products. The company's product portfolio comprises aerospace fasteners and medical equipment, automotive fasteners, cold drown wire and annealing wire, bolts, nuts, and self-tapping screws, and others. The group's reportable segment consists of the Screw segment; mainly engaged in the manufacture, process, and trade of screws and nuts. This segment generates the majority of the revenue. The machinery segment is engaged in the manufacture, assembly, and trade of machine tools and chemical machinery. The investment segment engages in general investment.
61GF Score
Get the complete analysis for TPE:2012
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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