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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).
TPE:3717's Price-to-Net-Current-Asset-Value is not ranked *
in the Hardware industry.
Industry Median: 5.24 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Excellence Optoelectronics Holding Co (TPE:3717) 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.
Excellence Optoelectronics Holding Co Net Current Asset Value Related Terms
Excellence Optoelectronics Holding Co Net Current Asset Value Historical Data
* 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.
Excellence Optoelectronics Holding Co Net Current Asset Value Chart
Excellence Optoelectronics Holding Co Annual Data
Trend
Dec24
Dec25
Net Current Asset Value
1.44
-0.25
Excellence Optoelectronics Holding Co Quarterly Data
Sep24
Dec24
Sep25
Dec25
Net Current Asset Value
0.00
1.44
-0.25
-0.25
TPE:3717 vs APH, GLW: Net Current Asset Value Comparison
For the Electronic Components subindustry, Excellence Optoelectronics Holding Co'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.
Excellence Optoelectronics Holding Co Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Excellence Optoelectronics Holding Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Excellence Optoelectronics Holding Co'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$-0.25 mean?
Excellence Optoelectronics Holding Co (TPE:3717) has a Net Current Asset Value of NT$-0.25 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 Excellence Optoelectronics Holding Co and its competitors. According to the industry distribution chart, Excellence Optoelectronics Holding Co ranks #999999 out of 1846 companies in the Hardware industry.
Is Excellence Optoelectronics Holding Co's Net Current Asset Value too high?
Excellence Optoelectronics Holding Co's current Net Current Asset Value is NT$-0.25. Based on the distribution chart, Excellence Optoelectronics Holding Co ranks #999999 out of 1846 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Excellence Optoelectronics Holding Co has a GF Score™ of 2/100, reflecting its overall financial health beyond just this single metric.
How does Excellence Optoelectronics Holding Co's Net Current Asset Value compare to APH and GLW?
According to the Hardware industry distribution chart, Excellence Optoelectronics Holding Co ranks #999999 out of 1846 companies for Net Current Asset Value. This places Excellence Optoelectronics Holding Co in the lower 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 1,846 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 Excellence Optoelectronics Holding Co 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. Excellence Optoelectronics Holding Co's current Net Current Asset Value is NT$-0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Excellence Optoelectronics Holding Co stock overvalued right now?
Excellence Optoelectronics Holding Co (TPE:3717) has a current Net Current Asset Value of NT$-0.25. The current Net Current Asset Value is NT$-0.25. Excellence Optoelectronics Holding Co's overall GF Score™ is 2/100 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 Excellence Optoelectronics Holding Co (TPE:3717), the current Net Current Asset Value is NT$-0.25 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.
Excellence Optoelectronics Holding Co Business Description
Excellence Optoelectronics Holding Co is a high technology-oriented company. It is a professional LED lamp manufacturer producing top quality of Super High Brightness LED lamps with AlInGaP and InGaN chip materials. It's subsidiaries nclude the design, development, testing, manufacturing of LED components, OEM/ODM LED modules and patented solution for the automotive market; LED traffic signals, LED street lighting, industrial lighting and LED consumer products for the energy-saving market; and the design, installation and construction of energy-saving products for government and public sector projects.
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