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Chih Lien Industrial CoTPE:2024 -2.87%63 Net Current Asset Value is NT$1.86 as of Dec. 2025, which is 100% below its 10-year median of 13.74. GuruFocus rates TPE:2024 with a GF Score™ of 63/100 and a GF Value™ of NT$16.86 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 369 Steel companies, Chih Lien Industrial Co ranks worse than 78.86% 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).
Chih Lien Industrial Co's net current asset value per share for the quarter that ended in Dec. 2025 was NT$1.86.
The historical rank and industry rank for Chih Lien Industrial Co's Net Current Asset Value or its related term are showing as below:
TPE:2024'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.28 Med: 13.74 Max: 330
Current: 7.28
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Chih Lien Industrial Co was 330.00. The lowest was 7.28. And the median was 13.74.
TPE:2024's Price-to-Net-Current-Asset-Value is ranked worse than 78.86% of 369
companies
in the Steel industry
Industry Median: 2.96
vs TPE:2024: 7.28
Chih Lien Industrial Co (TPE:2024) 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.
Chih Lien Industrial Co Net Current Asset Value Related Terms
Chih Lien Industrial Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Chih Lien Industrial Co'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.
Chih Lien Industrial Co Net Current Asset Value Chart
TPE:2024 vs NUE, STLD, RS: Net Current Asset Value Comparison
For the Steel subindustry, Chih Lien Industrial Co'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.
Chih Lien Industrial Co Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, Chih Lien Industrial Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Chih Lien Industrial Co'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$1.86 mean?
Chih Lien Industrial Co (TPE:2024) has a Net Current Asset Value of NT$1.86 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 Chih Lien Industrial Co and its competitors. This is 86% below median its historical median of 13.74. Over the past decade, Chih Lien Industrial Co's Net Current Asset Value has ranged from 7.28 to 330.00. According to the industry distribution chart, Chih Lien Industrial Co ranks #291 out of 369 companies in the Steel industry, placing it in the top 78.9%.
Is Chih Lien Industrial Co's Net Current Asset Value too high?
Chih Lien Industrial Co's current Net Current Asset Value of NT$1.86 is 86% below median its 10-year median of 13.74. Over the past 10 years, this metric has ranged from a low of 7.28 to a high of 330.00. Based on the distribution chart, Chih Lien Industrial Co ranks #291 out of 369 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Chih Lien Industrial Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chih Lien Industrial Co's Net Current Asset Value compare to NUE and STLD?
According to the Steel industry distribution chart, Chih Lien Industrial Co ranks #291 out of 369 companies for Net Current Asset Value. This places Chih Lien Industrial Co in the lower half of its industry. The industry median Net Current Asset Value is 2.96. Historically, Chih Lien Industrial Co's own Net Current Asset Value has ranged from 7.28 to 330.00 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 2.96, based on 369 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 Chih Lien Industrial Co and its competitors. For the Steel industry, the median Net Current Asset Value is 2.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chih Lien Industrial Co's current Net Current Asset Value is NT$1.86, which is 86% below median its own 10-year median of 13.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chih Lien Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Chih Lien Industrial Co (TPE:2024) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$16.86, compared to a current price of NT$13.55 — trading 19.6% below its estimated fair value. The current Net Current Asset Value is NT$1.86, which is 86% below median its 10-year median of 13.74. Chih Lien Industrial Co's overall GF Score™ is 63/100 with 4 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 Chih Lien Industrial Co (TPE:2024), the current Net Current Asset Value is NT$1.86 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 Chih Lien Industrial Co (TPE:2024) Overvalued in 2026?
Based on GuruFocus' analysis, Chih Lien Industrial Co stock appears to be undervalued.
The current stock price of NT$13.55 is trading 19.6% below its estimated GF Value™ of NT$16.86.
GuruFocus considers Chih Lien Industrial Co to be Modestly Undervalued.
Key valuation signals for TPE:2024:
Net Current Asset Value: NT$1.86 (86% below median its 10-year median of 13.74)
GF Value™: NT$16.86 vs. price of NT$13.55 (19.6% below fair value)
No single metric tells the full story. See the TPE:2024 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chih Lien Industrial Co Ltd operates in the steel industry. Company is mainly engaged in the manufacturing, processing and trading of steel wire and steel bars. The Company operates in a single industry and is mainly engaged in the manufacturing and processing of steel wire and steel bars with similar end-use products. The company has presence in Taiwan, China, Indonesia, Malaysia, and Other. The company generates majority of revenue from Taiwan.
63GF Score
Get the complete analysis for TPE:2024
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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