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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).
Hengs Technology Co's net current asset value per share for the quarter that ended in Mar. 2026 was NT$-10.64.
The historical rank and industry rank for Hengs Technology Co's Net Current Asset Value or its related term are showing as below:
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hengs Technology Co was 12.05. The lowest was 12.05. And the median was 12.05.
TPE:4582's Price-to-Net-Current-Asset-Value is not ranked *
in the Semiconductors industry.
Industry Median: 7.735 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Hengs Technology Co (TPE:4582) 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.
Hengs Technology Co Net Current Asset Value Related Terms
Hengs Technology Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Hengs Technology Co'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:4582 vs FSLR, NXT, ENPH: Net Current Asset Value Comparison
For the Solar subindustry, Hengs Technology 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.
Hengs Technology Co Price-to-Net-Current-Asset-Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Hengs Technology Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hengs Technology 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$-10.64 mean?
Hengs Technology Co (TPE:4582) has a Net Current Asset Value of NT$-10.64 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Hengs Technology Co and its competitors. Over the past decade, Hengs Technology Co's Net Current Asset Value has ranged from 12.05 to 12.05. According to the industry distribution chart, Hengs Technology Co ranks #999999 out of 720 companies in the Semiconductors industry.
Is Hengs Technology Co's Net Current Asset Value too high?
Hengs Technology Co's current Net Current Asset Value is NT$-10.64. Over the past 10 years, this metric has ranged from a low of 12.05 to a high of 12.05. Based on the distribution chart, Hengs Technology Co ranks #999999 out of 720 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Hengs Technology Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hengs Technology Co's Net Current Asset Value compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Hengs Technology Co ranks #999999 out of 720 companies for Net Current Asset Value. This places Hengs Technology Co in the lower half of its industry. The industry median Net Current Asset Value is 7.74. Historically, Hengs Technology Co's own Net Current Asset Value has ranged from 12.05 to 12.05 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 Semiconductors company?
The median Net Current Asset Value among Semiconductors companies is 7.74, based on 720 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 Hengs Technology Co and its competitors. For the Semiconductors industry, the median Net Current Asset Value is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hengs Technology Co's current Net Current Asset Value is NT$-10.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hengs Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Hengs Technology Co (TPE:4582) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$21.17, compared to a current price of NT$29.00 — trading 37% above its estimated fair value. The current Net Current Asset Value is NT$-10.64. Hengs Technology Co's overall GF Score™ is 63/100 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 Hengs Technology Co (TPE:4582), the current Net Current Asset Value is NT$-10.64 as of Mar. 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 Hengs Technology Co (TPE:4582) Overvalued in 2026?
Based on GuruFocus' analysis, Hengs Technology Co stock appears to be overvalued.
The current stock price of NT$29.00 is trading 37% above its estimated GF Value™ of NT$21.17.
GuruFocus considers Hengs Technology Co to be Significantly Overvalued.
Key valuation signals for TPE:4582:
Net Current Asset Value: NT$-10.64
GF Value™: NT$21.17 vs. price of NT$29.00 (37% above fair value)
No single metric tells the full story. See the TPE:4582 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hengs Technology Co Ltd is a Taiwan-based company engaged in the development of the solar power system. The product portfolio of the company includes Solar Pump Package, Solar Outdoor Lighting, Solar Mounting Rack, PV Module, and Battery among others. The main business projects include energy technical service engineering, electronic equipment retail and wholesale, other machinery and lighting equipment manufacturing, international trade, etc.
63GF Score
Get the complete analysis for TPE:4582
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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