Hiwin MikrosystemTPE:4576 68 Net Current Asset Value is NT$-0.74 as of Dec. 2025. GuruFocus rates TPE:4576 with a GF Score™ of 68/100 and a GF Value™ of NT$126.25 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,215 Industrial Products companies, Hiwin Mikrosystem ranks worse than 45146.68% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Hiwin Mikrosystem's net current asset value per share for the quarter that ended in Dec. 2025 was NT$-0.74.
The historical rank and industry rank for Hiwin Mikrosystem's Net Current Asset Value or its related term are showing as below:
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hiwin Mikrosystem was 60.11. The lowest was 17.20. And the median was 38.66.
TPE:4576's Price-to-Net-Current-Asset-Value is not ranked *
in the Industrial Products industry.
Industry Median: 5.31 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Hiwin Mikrosystem (TPE:4576) 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.
Hiwin Mikrosystem Net Current Asset Value Related Terms
Hiwin Mikrosystem Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Hiwin Mikrosystem'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.
TPE:4576 vs VRT, BE: Net Current Asset Value Comparison
For the Electrical Equipment & Parts subindustry, Hiwin Mikrosystem'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.
Hiwin Mikrosystem Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hiwin Mikrosystem's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hiwin Mikrosystem'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$-0.74 mean?
Hiwin Mikrosystem (TPE:4576) has a Net Current Asset Value of NT$-0.74 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 Hiwin Mikrosystem and its competitors. Over the past decade, Hiwin Mikrosystem's Net Current Asset Value has ranged from 17.20 to 60.11. According to the industry distribution chart, Hiwin Mikrosystem ranks #999999 out of 2215 companies in the Industrial Products industry.
Is Hiwin Mikrosystem's Net Current Asset Value too high?
Hiwin Mikrosystem's current Net Current Asset Value is NT$-0.74. Over the past 10 years, this metric has ranged from a low of 17.20 to a high of 60.11. Based on the distribution chart, Hiwin Mikrosystem ranks #999999 out of 2215 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Hiwin Mikrosystem has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hiwin Mikrosystem's Net Current Asset Value compare to VRT and BE?
According to the Industrial Products industry distribution chart, Hiwin Mikrosystem ranks #999999 out of 2215 companies for Net Current Asset Value. This places Hiwin Mikrosystem in the lower half of its industry. The industry median Net Current Asset Value is 5.31. Historically, Hiwin Mikrosystem's own Net Current Asset Value has ranged from 17.20 to 60.11 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 5.31, based on 2,215 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 Hiwin Mikrosystem and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiwin Mikrosystem's current Net Current Asset Value is NT$-0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiwin Mikrosystem stock overvalued right now?
Based on GuruFocus' analysis, Hiwin Mikrosystem (TPE:4576) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$126.25, compared to a current price of NT$218.00 — trading 72.7% above its estimated fair value. The current Net Current Asset Value is NT$-0.74. Hiwin Mikrosystem's overall GF Score™ is 68/100 with 4 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 Hiwin Mikrosystem (TPE:4576), the current Net Current Asset Value is NT$-0.74 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 Hiwin Mikrosystem (TPE:4576) Overvalued in 2026?
Based on GuruFocus' analysis, Hiwin Mikrosystem stock appears to be overvalued.
The current stock price of NT$218.00 is trading 72.7% above its estimated GF Value™ of NT$126.25.
GuruFocus considers Hiwin Mikrosystem to be Significantly Overvalued.
Key valuation signals for TPE:4576:
Net Current Asset Value: NT$-0.74
GF Value™: NT$126.25 vs. price of NT$218.00 (72.7% above fair value)
No single metric tells the full story. See the TPE:4576 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hiwin Mikrosystem Corp is engaged in manufacturing, repairing, and selling a variety of motors, drives, and automation systems. Its product offerings include ballscrews, rolled ballscrews, precision linear guideways, rotary motors, and single-axis motors, among others. Its products can be applied in semiconductor equipment, optical component manufacturing equipment, automation equipment, Medicare and healthcare equipment, rehabilitation equipment, and transportation. The company's reportable segments are precision motion and control parts, micro and nano-positioning systems and others. The majority of revenue is derived from the micro and nano-positioning systems segment. Geographically, the maximum revenue is generated from Taiwan.
68GF Score
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