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Sinkang Industries CoTPE:2032 +1.56%71 Net Current Asset Value is NT$6.39 as of Dec. 2025, which is 100% below its 10-year median of 2.13. GuruFocus rates TPE:2032 with a GF Score™ of 71/100 and a GF Value™ of NT$16.70 (Fairly Valued). The stock has 7 warning signs investors should review. Among 368 Steel companies, Sinkang Industries Co ranks better than 55.43% 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).
Sinkang Industries Co's net current asset value per share for the quarter that ended in Dec. 2025 was NT$6.39.
The historical rank and industry rank for Sinkang Industries Co's Net Current Asset Value or its related term are showing as below:
TPE:2032'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.39 Med: 2.13 Max: 3.02
Current: 2.55
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Sinkang Industries Co was 3.02. The lowest was 1.39. And the median was 2.13.
TPE:2032's Price-to-Net-Current-Asset-Value is ranked better than 55.43% of 368
companies
in the Steel industry
Industry Median: 2.995
vs TPE:2032: 2.55
Sinkang Industries Co (TPE:2032) 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.
Sinkang Industries Co Net Current Asset Value Related Terms
Sinkang Industries Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Sinkang Industries 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.
Sinkang Industries Co Net Current Asset Value Chart
TPE:2032 vs NUE, STLD, RS: Net Current Asset Value Comparison
For the Steel subindustry, Sinkang Industries 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.
Sinkang Industries Co Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, Sinkang Industries Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Sinkang Industries 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$6.39 mean?
Sinkang Industries Co (TPE:2032) has a Net Current Asset Value of NT$6.39 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 Sinkang Industries Co and its competitors. This is 200% above median its historical median of 2.13. Over the past decade, Sinkang Industries Co's Net Current Asset Value has ranged from 1.39 to 3.02. According to the industry distribution chart, Sinkang Industries Co ranks #164 out of 368 companies in the Steel industry, placing it in the top 44.6%.
Is Sinkang Industries Co's Net Current Asset Value too high?
Sinkang Industries Co's current Net Current Asset Value of NT$6.39 is 200% above median its 10-year median of 2.13. Over the past 10 years, this metric has ranged from a low of 1.39 to a high of 3.02. Based on the distribution chart, Sinkang Industries Co ranks #164 out of 368 companies in the Steel industry, which is above the industry midpoint. Overall, Sinkang Industries Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sinkang Industries Co's Net Current Asset Value compare to NUE and STLD?
According to the Steel industry distribution chart, Sinkang Industries Co ranks #164 out of 368 companies for Net Current Asset Value. This puts Sinkang Industries Co in the upper half of its industry. The industry median Net Current Asset Value is 3.00. Historically, Sinkang Industries Co's own Net Current Asset Value has ranged from 1.39 to 3.02 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 3.00, 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 Sinkang Industries Co and its competitors. For the Steel industry, the median Net Current Asset Value is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sinkang Industries Co's current Net Current Asset Value is NT$6.39, which is 200% above median its own 10-year median of 2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sinkang Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Sinkang Industries Co (TPE:2032) is currently considered Fairly Valued. The stock's GF Value™ is NT$16.70, compared to a current price of NT$16.30 — trading 2.4% below its estimated fair value. The current Net Current Asset Value is NT$6.39, which is 200% above median its 10-year median of 2.13. Sinkang Industries Co's overall GF Score™ is 71/100 with 7 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 Sinkang Industries Co (TPE:2032), the current Net Current Asset Value is NT$6.39 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 Sinkang Industries Co (TPE:2032) Overvalued in 2026?
Based on GuruFocus' analysis, Sinkang Industries Co stock appears to be undervalued.
The current stock price of NT$16.30 is trading 2.4% below its estimated GF Value™ of NT$16.70.
GuruFocus considers Sinkang Industries Co to be Fairly Valued.
Key valuation signals for TPE:2032:
Net Current Asset Value: NT$6.39 (200% above median its 10-year median of 2.13)
GF Value™: NT$16.70 vs. price of NT$16.30 (2.4% below fair value)
No single metric tells the full story. See the TPE:2032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sinkang Industries Co Ltd is engaged in cutting and processing surface treatments for stainless steel. Its business activities include Steel secondary processing, Scrap iron and steel metal processing, Metal structure and architectural components manufacturing, Metal wire products manufacturing, Other fabricated metal products manufacturing, Surface treatments, and Mechanical equipment manufacturing.
71GF Score
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