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Nankang Rubber TireTPE:2101 -1.59%63 Net Current Asset Value is NT$1.18 as of Dec. 2025, which is 100% below its 10-year median of 20.54. GuruFocus rates TPE:2101 with a GF Score™ of 63/100 and a GF Value™ of NT$44.75 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 708 Vehicles & Parts companies, Nankang Rubber Tire ranks worse than 89.83% 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).
Nankang Rubber Tire's net current asset value per share for the quarter that ended in Dec. 2025 was NT$1.18.
The historical rank and industry rank for Nankang Rubber Tire's Net Current Asset Value or its related term are showing as below:
TPE:2101'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 12.7 Med: 20.54 Max: 52.27
Current: 28.81
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Nankang Rubber Tire was 52.27. The lowest was 12.70. And the median was 20.54.
TPE:2101's Price-to-Net-Current-Asset-Value is ranked worse than 89.83% of 708
companies
in the Vehicles & Parts industry
Industry Median: 4.6
vs TPE:2101: 28.81
Nankang Rubber Tire (TPE:2101) 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.
Nankang Rubber Tire Net Current Asset Value Related Terms
Nankang Rubber Tire Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Nankang Rubber Tire'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:2101 vs ORLY, AZO: Net Current Asset Value Comparison
For the Auto Parts subindustry, Nankang Rubber Tire'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.
Nankang Rubber Tire Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Nankang Rubber Tire's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Nankang Rubber Tire'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$1.18 mean?
Nankang Rubber Tire (TPE:2101) has a Net Current Asset Value of NT$1.18 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 Nankang Rubber Tire and its competitors. This is 94% below median its historical median of 20.54. Over the past decade, Nankang Rubber Tire's Net Current Asset Value has ranged from 12.70 to 52.27. According to the industry distribution chart, Nankang Rubber Tire ranks #636 out of 708 companies in the Vehicles & Parts industry, placing it in the top 89.8%.
Is Nankang Rubber Tire's Net Current Asset Value too high?
Nankang Rubber Tire's current Net Current Asset Value of NT$1.18 is 94% below median its 10-year median of 20.54. Over the past 10 years, this metric has ranged from a low of 12.70 to a high of 52.27. Based on the distribution chart, Nankang Rubber Tire ranks #636 out of 708 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Nankang Rubber Tire has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nankang Rubber Tire's Net Current Asset Value compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nankang Rubber Tire ranks #636 out of 708 companies for Net Current Asset Value. This places Nankang Rubber Tire in the lower half of its industry. The industry median Net Current Asset Value is 4.60. Historically, Nankang Rubber Tire's own Net Current Asset Value has ranged from 12.70 to 52.27 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 Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 4.60, based on 708 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 Nankang Rubber Tire and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 4.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nankang Rubber Tire's current Net Current Asset Value is NT$1.18, which is 94% below median its own 10-year median of 20.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nankang Rubber Tire stock overvalued right now?
Based on GuruFocus' analysis, Nankang Rubber Tire (TPE:2101) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$44.75, compared to a current price of NT$34.00 — trading 24% below its estimated fair value. The current Net Current Asset Value is NT$1.18, which is 94% below median its 10-year median of 20.54. Nankang Rubber Tire's overall GF Score™ is 63/100 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 Nankang Rubber Tire (TPE:2101), the current Net Current Asset Value is NT$1.18 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 Nankang Rubber Tire (TPE:2101) Overvalued in 2026?
Based on GuruFocus' analysis, Nankang Rubber Tire stock appears to be undervalued.
The current stock price of NT$34.00 is trading 24% below its estimated GF Value™ of NT$44.75.
GuruFocus considers Nankang Rubber Tire to be Modestly Undervalued.
Key valuation signals for TPE:2101:
Net Current Asset Value: NT$1.18 (94% below median its 10-year median of 20.54)
GF Value™: NT$44.75 vs. price of NT$34.00 (24% below fair value)
No single metric tells the full story. See the TPE:2101 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nankang Rubber Tire Corp Ltd manufactures and sells tires and rubber supplies. The products offered by the company include Motorsport, sedan series, suv & 4x4, snow series, all-season tire series, light truck series, truck/trailer series, and two-wheel series. The reportable segments of the company are: Tire - Taiwan, Tire - China, Construction Department, and others. The segments of the company include: Tire-Taiwan, Tire-China, Construction, Department and Other. It derives maximum revenue from Tire-Taiwan segment. Its geographical segments are Taiwan, the United States, Europe, Other regions in Asia, and Others. The company derives maximum revenue from Europe.
63GF Score
Get the complete analysis for TPE:2101
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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