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Wan Hai LinesTPE:2615 -1.49%79 Net Current Asset Value is NT$2.98 as of Dec. 2025, which is 100% below its 10-year median of 14.67. GuruFocus rates TPE:2615 with a GF Score™ of 79/100 and a GF Value™ of NT$72.12 (Fairly Valued). The stock has 6 warning signs investors should review. Among 360 Transportation companies, Wan Hai Lines ranks worse than 88.89% 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).
Wan Hai Lines's net current asset value per share for the quarter that ended in Dec. 2025 was NT$2.98.
The historical rank and industry rank for Wan Hai Lines's Net Current Asset Value or its related term are showing as below:
TPE:2615'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.06 Med: 14.67 Max: 26.68
Current: 26.68
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Wan Hai Lines was 26.68. The lowest was 4.06. And the median was 14.67.
TPE:2615's Price-to-Net-Current-Asset-Value is ranked worse than 88.89% of 360
companies
in the Transportation industry
Industry Median: 4.055
vs TPE:2615: 26.68
Wan Hai Lines (TPE:2615) 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.
Wan Hai Lines Net Current Asset Value Related Terms
Wan Hai Lines Net Current Asset Value Historical Data
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The historical data trend for Wan Hai Lines'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.
Wan Hai Lines Net Current Asset Value Competitor Comparison
For the Marine Shipping subindustry, Wan Hai Lines'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.
Wan Hai Lines Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, Wan Hai Lines's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Wan Hai Lines'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$2.98 mean?
Wan Hai Lines (TPE:2615) has a Net Current Asset Value of NT$2.98 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 Wan Hai Lines and its competitors. This is 80% below median its historical median of 14.67. Over the past decade, Wan Hai Lines' Net Current Asset Value has ranged from 4.06 to 26.68. According to the industry distribution chart, Wan Hai Lines ranks #320 out of 360 companies in the Transportation industry, placing it in the top 88.9%.
Is Wan Hai Lines' Net Current Asset Value too high?
Wan Hai Lines' current Net Current Asset Value of NT$2.98 is 80% below median its 10-year median of 14.67. Over the past 10 years, this metric has ranged from a low of 4.06 to a high of 26.68. Based on the distribution chart, Wan Hai Lines ranks #320 out of 360 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Wan Hai Lines has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Wan Hai Lines' Net Current Asset Value compare to competitors?
According to the Transportation industry distribution chart, Wan Hai Lines ranks #320 out of 360 companies for Net Current Asset Value. This places Wan Hai Lines in the lower half of its industry. The industry median Net Current Asset Value is 4.06. Historically, Wan Hai Lines' own Net Current Asset Value has ranged from 4.06 to 26.68 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 Transportation company?
The median Net Current Asset Value among Transportation companies is 4.06, based on 360 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 Wan Hai Lines and its competitors. For the Transportation industry, the median Net Current Asset Value is 4.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wan Hai Lines's current Net Current Asset Value is NT$2.98, which is 80% below median its own 10-year median of 14.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wan Hai Lines stock overvalued right now?
Based on GuruFocus' analysis, Wan Hai Lines (TPE:2615) is currently considered Fairly Valued. The stock's GF Value™ is NT$72.12, compared to a current price of NT$79.50 — trading 10.2% above its estimated fair value. The current Net Current Asset Value is NT$2.98, which is 80% below median its 10-year median of 14.67. Wan Hai Lines' overall GF Score™ is 79/100 with 6 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 Wan Hai Lines (TPE:2615), the current Net Current Asset Value is NT$2.98 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 Wan Hai Lines (TPE:2615) Overvalued in 2026?
Based on GuruFocus' analysis, Wan Hai Lines stock appears to be overvalued.
The current stock price of NT$79.50 is trading 10.2% above its estimated GF Value™ of NT$72.12.
GuruFocus considers Wan Hai Lines to be Fairly Valued.
Key valuation signals for TPE:2615:
Net Current Asset Value: NT$2.98 (80% below median its 10-year median of 14.67)
GF Value™: NT$72.12 vs. price of NT$79.50 (10.2% above fair value)
No single metric tells the full story. See the TPE:2615 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wan Hai Lines Ltd is a transportation and logistics company domiciled in Taiwan. The company develops and operates terminals, container yards, and warehouses, and provides container shipping services through its fleet of vessels. Besides, the company constructs and maintains cargo containers, provides container loading and unloading services, and constructs and maintains ships. The company generates the majority of its revenue from Freight, Rentals, followed by WHL Terminals and Other services in geographical regions that include Asia, followed by India, the Middle East, America and the Red Sea.
79GF Score
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