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President SecuritiesTPE:2855 -4.75%77 Net Current Asset Value is NT$17.79 as of Dec. 2025, which is 100% below its 10-year median of 1.18. GuruFocus rates TPE:2855 with a GF Score™ of 77/100 and a GF Value™ of NT$26.08 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 501 Capital Markets companies, President Securities ranks better than 51.5% 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).
President Securities's net current asset value per share for the quarter that ended in Dec. 2025 was NT$17.79.
The historical rank and industry rank for President Securities's Net Current Asset Value or its related term are showing as below:
TPE:2855'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.79 Med: 1.18 Max: 2.83
Current: 2.48
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of President Securities was 2.83. The lowest was 0.79. And the median was 1.18.
TPE:2855's Price-to-Net-Current-Asset-Value is ranked better than 51.5% of 501
companies
in the Capital Markets industry
Industry Median: 2.7
vs TPE:2855: 2.48
President Securities (TPE:2855) 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.
President Securities Net Current Asset Value Related Terms
President Securities Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for President Securities'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.
President Securities Net Current Asset Value Chart
TPE:2855 vs MS, GS, SCHW: Net Current Asset Value Comparison
For the Capital Markets subindustry, President Securities'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.
President Securities Price-to-Net-Current-Asset-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, President Securities's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where President Securities'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$17.79 mean?
President Securities (TPE:2855) has a Net Current Asset Value of NT$17.79 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 President Securities and its competitors. This is 1408% above median its historical median of 1.18. Over the past decade, President Securities' Net Current Asset Value has ranged from 0.79 to 2.83. According to the industry distribution chart, President Securities ranks #243 out of 501 companies in the Capital Markets industry, placing it in the top 48.5%.
Is President Securities' Net Current Asset Value too high?
President Securities' current Net Current Asset Value of NT$17.79 is 1408% above median its 10-year median of 1.18. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 2.83. Based on the distribution chart, President Securities ranks #243 out of 501 companies in the Capital Markets industry, which is above the industry midpoint. Overall, President Securities has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does President Securities' Net Current Asset Value compare to MS and GS?
According to the Capital Markets industry distribution chart, President Securities ranks #243 out of 501 companies for Net Current Asset Value. This puts President Securities in the upper half of its industry. The industry median Net Current Asset Value is 2.70. Historically, President Securities' own Net Current Asset Value has ranged from 0.79 to 2.83 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 Capital Markets company?
The median Net Current Asset Value among Capital Markets companies is 2.70, based on 501 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 President Securities and its competitors. For the Capital Markets industry, the median Net Current Asset Value is 2.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. President Securities's current Net Current Asset Value is NT$17.79, which is 1408% above median its own 10-year median of 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is President Securities stock overvalued right now?
Based on GuruFocus' analysis, President Securities (TPE:2855) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$26.08, compared to a current price of NT$44.15 — trading 69.3% above its estimated fair value. The current Net Current Asset Value is NT$17.79, which is 1408% above median its 10-year median of 1.18. President Securities' overall GF Score™ is 77/100 with 10 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 President Securities (TPE:2855), the current Net Current Asset Value is NT$17.79 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 President Securities (TPE:2855) Overvalued in 2026?
Based on GuruFocus' analysis, President Securities stock appears to be overvalued.
The current stock price of NT$44.15 is trading 69.3% above its estimated GF Value™ of NT$26.08.
GuruFocus considers President Securities to be Significantly Overvalued.
Key valuation signals for TPE:2855:
Net Current Asset Value: NT$17.79 (1408% above median its 10-year median of 1.18)
GF Value™: NT$26.08 vs. price of NT$44.15 (69.3% above fair value)
No single metric tells the full story. See the TPE:2855 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
President Securities Corp engaged in underwriting of securities, dealing or brokerage business of securities at the securities exchange markets and business premises, registration and transfer agency service for securities, margin loans and short sales business of securities, securities lending and borrowing business, futures introducing brokerage services, futures dealing, issuance of call (put) warrants, wealth management business, and trust business. Its operating segments include Brokerage, Proprietary Trading, Financial Instrument, and Reinvestment segments, with the Brokerage segment generating maximum revenue from consigned trading of the listed securities, margin trading, and short sale, assistance in futures trading, and other instruments trading, as approved by the regulations.
77GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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