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RichWave TechnologyTPE:4968 -0.47%70 Net Current Asset Value is NT$26.12 as of Dec. 2025, which is 100% below its 10-year median of 7.25. GuruFocus rates TPE:4968 with a GF Score™ of 70/100 and a GF Value™ of NT$195.82 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 719 Semiconductors companies, RichWave Technology ranks better than 73.3% 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).
RichWave Technology's net current asset value per share for the quarter that ended in Dec. 2025 was NT$26.12.
The historical rank and industry rank for RichWave Technology's Net Current Asset Value or its related term are showing as below:
TPE:4968'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.76 Med: 7.25 Max: 12.79
Current: 4.04
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of RichWave Technology was 12.79. The lowest was 2.76. And the median was 7.25.
TPE:4968's Price-to-Net-Current-Asset-Value is ranked better than 73.3% of 719
companies
in the Semiconductors industry
Industry Median: 8.4
vs TPE:4968: 4.04
RichWave Technology (TPE:4968) 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.
RichWave Technology Net Current Asset Value Related Terms
RichWave Technology Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for RichWave Technology'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:4968 vs NVDA, AVGO, MU: Net Current Asset Value Comparison
For the Semiconductors subindustry, RichWave Technology'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.
RichWave Technology Price-to-Net-Current-Asset-Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, RichWave Technology's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where RichWave Technology'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$26.12 mean?
RichWave Technology (TPE:4968) has a Net Current Asset Value of NT$26.12 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 RichWave Technology and its competitors. This is 260% above median its historical median of 7.25. Over the past decade, RichWave Technology's Net Current Asset Value has ranged from 2.76 to 12.79. According to the industry distribution chart, RichWave Technology ranks #192 out of 719 companies in the Semiconductors industry, placing it in the top 26.7%.
Is RichWave Technology's Net Current Asset Value too high?
RichWave Technology's current Net Current Asset Value of NT$26.12 is 260% above median its 10-year median of 7.25. Over the past 10 years, this metric has ranged from a low of 2.76 to a high of 12.79. Based on the distribution chart, RichWave Technology ranks #192 out of 719 companies in the Semiconductors industry, which is above the industry midpoint. Overall, RichWave Technology has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does RichWave Technology's Net Current Asset Value compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, RichWave Technology ranks #192 out of 719 companies for Net Current Asset Value. This puts RichWave Technology in the upper half of its industry. The industry median Net Current Asset Value is 8.40. Historically, RichWave Technology's own Net Current Asset Value has ranged from 2.76 to 12.79 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 8.40, based on 719 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 RichWave Technology and its competitors. For the Semiconductors industry, the median Net Current Asset Value is 8.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RichWave Technology's current Net Current Asset Value is NT$26.12, which is 260% above median its own 10-year median of 7.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RichWave Technology stock overvalued right now?
Based on GuruFocus' analysis, RichWave Technology (TPE:4968) is currently considered Possible Value Trap. The stock's GF Value™ is NT$195.82, compared to a current price of NT$105.50 — trading 46.1% below its estimated fair value. The current Net Current Asset Value is NT$26.12, which is 260% above median its 10-year median of 7.25. RichWave Technology's overall GF Score™ is 70/100 with 1 warning sign 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 RichWave Technology (TPE:4968), the current Net Current Asset Value is NT$26.12 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 RichWave Technology (TPE:4968) Overvalued in 2026?
Based on GuruFocus' analysis, RichWave Technology stock appears to be undervalued.
The current stock price of NT$105.50 is trading 46.1% below its estimated GF Value™ of NT$195.82.
GuruFocus considers RichWave Technology to be Possible Value Trap.
Key valuation signals for TPE:4968:
Net Current Asset Value: NT$26.12 (260% above median its 10-year median of 7.25)
GF Value™: NT$195.82 vs. price of NT$105.50 (46.1% below fair value)
No single metric tells the full story. See the TPE:4968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
RichWave Technology Corp is a fabless IC design company. The company is engaged in the research and development, design, integration, and manufacturing and sales of integrated circuits for wireless communication products. Its product includes a front-end module, power amplifier, switch, and GPS LNA. Its products are used in networking, mobile phones, broadcasting, surveillance, and automotive rearview applications. The company operates majorly in Taiwan, China, Korea, and Others, with the majority of revenue from Taiwan and China.
70GF 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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