Zippy Technology (TPE:2420) Net Current Asset Value: NT$4.20 (As of Dec. 2025) — 82% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2420 Zippy Technology Corp TPE:2420
74 GF Score
Price NT$56.80
GF Value NT$49.82
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Zippy Technology Net Current Asset Value?

Zippy Technology TPE:2420 -1.56% 74 Net Current Asset Value is NT$4.20 as of Dec. 2025, which is 100% below its 10-year median of 22.79. GuruFocus rates TPE:2420 with a GF Score™ of 74/100 and a GF Value™ of NT$49.82 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,213 Industrial Products companies, Zippy Technology ranks worse than 80.25% 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).

Zippy Technology's net current asset value per share for the quarter that ended in Dec. 2025 was NT$4.20.

The historical rank and industry rank for Zippy Technology's Net Current Asset Value or its related term are showing as below:

TPE:2420' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 12.05   Med: 22.79   Max: 29.51
Current: 13.52

During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Zippy Technology was 29.51. The lowest was 12.05. And the median was 22.79.

TPE:2420's Price-to-Net-Current-Asset-Value is ranked worse than
80.25% of 2213 companies
in the Industrial Products industry
Industry Median: 4.89 vs TPE:2420: 13.52

Zippy Technology  (TPE:2420) 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 Graham’s 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.


Zippy Technology Net Current Asset Value Related Terms


Zippy Technology Net Current Asset Value Historical Data

* Premium members only.

The historical data trend for Zippy Technology'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.

Zippy Technology Net Current Asset Value Chart

Zippy Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.62 1.33 1.78 3.63 4.20

Zippy Technology Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.63 4.75 1.63 2.81 4.20

TPE:2420 vs VRT, BE: Net Current Asset Value Comparison

For the Electrical Equipment & Parts subindustry, Zippy Technology'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.


Zippy Technology Price-to-Net-Current-Asset-Value vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zippy Technology's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Zippy Technology's Price-to-Net-Current-Asset-Value falls into.


TPE:2420
74GF Score
Zippy Technology Corp TPE:2420
Net Current Asset Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zippy Technology Net Current Asset Value Calculation

Zippy Technology's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net Current Asset Value Per Share(A: Dec. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(2273.025-1613.446-18.505-0)/152.649
=4.20

Zippy Technology's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2025 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(2273.025-1613.446-18.505-0)/152.649
=4.20

* 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$4.20 mean?
Zippy Technology (TPE:2420) has a Net Current Asset Value of NT$4.20 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 Zippy Technology and its competitors. This is 82% below median its historical median of 22.79. Over the past decade, Zippy Technology's Net Current Asset Value has ranged from 12.05 to 29.51. According to the industry distribution chart, Zippy Technology ranks #1776 out of 2213 companies in the Industrial Products industry, placing it in the top 80.3%.
Is Zippy Technology's Net Current Asset Value too high?
Zippy Technology's current Net Current Asset Value of NT$4.20 is 82% below median its 10-year median of 22.79. Over the past 10 years, this metric has ranged from a low of 12.05 to a high of 29.51. Based on the distribution chart, Zippy Technology ranks #1776 out of 2213 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Zippy Technology has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zippy Technology's Net Current Asset Value compare to VRT and BE?
According to the Industrial Products industry distribution chart, Zippy Technology ranks #1776 out of 2213 companies for Net Current Asset Value. This places Zippy Technology in the lower half of its industry. The industry median Net Current Asset Value is 4.89. Historically, Zippy Technology's own Net Current Asset Value has ranged from 12.05 to 29.51 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 an Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 4.89, based on 2,213 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 Zippy Technology and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 4.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zippy Technology's current Net Current Asset Value is NT$4.20, which is 82% below median its own 10-year median of 22.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zippy Technology stock overvalued right now?
Based on GuruFocus' analysis, Zippy Technology (TPE:2420) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$49.82, compared to a current price of NT$56.80 — trading 14% above its estimated fair value. The current Net Current Asset Value is NT$4.20, which is 82% below median its 10-year median of 22.79. Zippy Technology's overall GF Score™ is 74/100 with 2 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 Zippy Technology (TPE:2420), the current Net Current Asset Value is NT$4.20 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 Zippy Technology (TPE:2420) Overvalued in 2026?

Based on GuruFocus' analysis, Zippy Technology stock appears to be overvalued. The current stock price of NT$56.80 is trading 14% above its estimated GF Value™ of NT$49.82. GuruFocus considers Zippy Technology to be Modestly Overvalued.

Key valuation signals for TPE:2420:

  • Net Current Asset Value: NT$4.20 (82% below median its 10-year median of 22.79)
  • GF Value™: NT$49.82 vs. price of NT$56.80 (14% above fair value)
  • GF Score™: 74/100 with 2 warning signs

No single metric tells the full story. See the TPE:2420 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zippy Technology Business Description

Address No. 50, Minquan Road, 10th Floor, Xindian District, New Taipei City, TWN
Zippy Technology Corp is engaged in the designing, manufacturing and trading of micro switches, power supplies. Its products portfolio includes Water Proof Switches, Basic Micro Switches, Rotary Switches, Push Switches, Low Torque Switches, Slide Switches, Rocker Switches, Hook Switches, Slide DIP Switches, Diagnostic Micro Switches, CRPS Module, CRPS Redundant, PoE Module, 1U Redundant, 1U Redundant Module, Redundant-Slim Type, Redundant Module-Slim Type, 2U Redundant, N+1 Redundant, Mini Redundant, PS2 Redundant, FLEX, 1U Single, 2U Single, ATX-PS2, Open Frame, and Medical. Its segments include Power Supply Division, Switch Division, and others.
74GF Score

Get the complete analysis for TPE:2420

Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$56.80
Price
NT$49.82
GF Value