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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).
Bright Led Electronics's net current asset value per share for the quarter that ended in Jun. 2026 was NT$7.49.
The historical rank and industry rank for Bright Led Electronics's Net Current Asset Value or its related term are showing as below:
TPE:3031'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.47 Med: 2.43 Max: 4.47
Current: 3.31
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Bright Led Electronics was 4.47. The lowest was 1.47. And the median was 2.43.
TPE:3031's Price-to-Net-Current-Asset-Value is ranked better than 66.76% of 1823
companies
in the Hardware industry
Industry Median: 5.24
vs TPE:3031: 3.31
Bright Led Electronics (TPE:3031) 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.
Bright Led Electronics Net Current Asset Value Related Terms
Bright Led Electronics Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Bright Led Electronics'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.
Bright Led Electronics Net Current Asset Value Chart
TPE:3031 vs APH, GLW, TEL: Net Current Asset Value Comparison
For the Electronic Components subindustry, Bright Led Electronics'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.
Bright Led Electronics Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Bright Led Electronics's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Bright Led Electronics'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$7.49 mean?
Bright Led Electronics (TPE:3031) has a Net Current Asset Value of NT$7.49 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Bright Led Electronics and its competitors. According to the industry distribution chart, Bright Led Electronics ranks #606 out of 1823 companies in the Hardware industry, placing it in the top 33.2%.
Is Bright Led Electronics' Net Current Asset Value too high?
Bright Led Electronics' current Net Current Asset Value is NT$7.49. Based on the distribution chart, Bright Led Electronics ranks #606 out of 1823 companies in the Hardware industry, which is above the industry midpoint. Overall, Bright Led Electronics has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bright Led Electronics' Net Current Asset Value compare to APH and GLW?
According to the Hardware industry distribution chart, Bright Led Electronics ranks #606 out of 1823 companies for Net Current Asset Value. This puts Bright Led Electronics in the upper half of its industry. The industry median Net Current Asset Value is 5.24. 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.24, based on 1,823 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 Bright Led Electronics and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bright Led Electronics's current Net Current Asset Value is NT$7.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bright Led Electronics stock overvalued right now?
Based on GuruFocus' analysis, Bright Led Electronics (TPE:3031) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$22.07, compared to a current price of NT$24.80 — trading 12.4% above its estimated fair value. The current Net Current Asset Value is NT$7.49. Bright Led Electronics' overall GF Score™ is 73/100 with 3 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 Bright Led Electronics (TPE:3031), the current Net Current Asset Value is NT$7.49 as of Jun. 2026. 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 Bright Led Electronics (TPE:3031) Overvalued in 2026?
Based on GuruFocus' analysis, Bright Led Electronics stock appears to be overvalued.
The current stock price of NT$24.80 is trading 12.4% above its estimated GF Value™ of NT$22.07.
GuruFocus considers Bright Led Electronics to be Modestly Overvalued.
Key valuation signals for TPE:3031:
Net Current Asset Value: NT$7.49
GF Value™: NT$22.07 vs. price of NT$24.80 (12.4% above fair value)
No single metric tells the full story. See the TPE:3031 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bright Led Electronics Corp is engaged in the engaged in the manufacturing and sales of light-emitting diode, indicator lights, displays and other extended products and undertaking engineering projects that provide indicator lights, displays and related supporting engineering projects. The company operates in four principal geographical areas - the United States, China, Taiwan, Korea and others, where majority revenue is from the Chinese segment.
73GF Score
Get the complete analysis for TPE:3031
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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