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Apogee Optocom CoTPE:6426 -4.12%59 Net Current Asset Value is NT$18.03 as of Dec. 2025, which is 100% below its 10-year median of 5.38. GuruFocus rates TPE:6426 with a GF Score™ of 59/100 and a GF Value™ of NT$88.50 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,846 Hardware companies, Apogee Optocom Co ranks worse than 68.47% 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).
Apogee Optocom Co's net current asset value per share for the quarter that ended in Dec. 2025 was NT$18.03.
The historical rank and industry rank for Apogee Optocom Co's Net Current Asset Value or its related term are showing as below:
TPE:6426'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.06 Med: 5.38 Max: 10.4
Current: 9.68
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Apogee Optocom Co was 10.40. The lowest was 3.06. And the median was 5.38.
TPE:6426's Price-to-Net-Current-Asset-Value is ranked worse than 68.47% of 1846
companies
in the Hardware industry
Industry Median: 5.19
vs TPE:6426: 9.68
Apogee Optocom Co (TPE:6426) 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.
Apogee Optocom Co Net Current Asset Value Related Terms
Apogee Optocom Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Apogee Optocom 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:6426 vs CSCO, CIEN, MSI: Net Current Asset Value Comparison
For the Communication Equipment subindustry, Apogee Optocom 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.
Apogee Optocom Co Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Apogee Optocom Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Apogee Optocom 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$18.03 mean?
Apogee Optocom Co (TPE:6426) has a Net Current Asset Value of NT$18.03 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 Apogee Optocom Co and its competitors. This is 235% above median its historical median of 5.38. Over the past decade, Apogee Optocom Co's Net Current Asset Value has ranged from 3.06 to 10.40. According to the industry distribution chart, Apogee Optocom Co ranks #1264 out of 1846 companies in the Hardware industry, placing it in the top 68.5%.
Is Apogee Optocom Co's Net Current Asset Value too high?
Apogee Optocom Co's current Net Current Asset Value of NT$18.03 is 235% above median its 10-year median of 5.38. Over the past 10 years, this metric has ranged from a low of 3.06 to a high of 10.40. Based on the distribution chart, Apogee Optocom Co ranks #1264 out of 1846 companies in the Hardware industry, which is below the industry midpoint. Overall, Apogee Optocom Co has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apogee Optocom Co's Net Current Asset Value compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Apogee Optocom Co ranks #1264 out of 1846 companies for Net Current Asset Value. This places Apogee Optocom Co in the lower half of its industry. The industry median Net Current Asset Value is 5.19. Historically, Apogee Optocom Co's own Net Current Asset Value has ranged from 3.06 to 10.40 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.19, 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 Apogee Optocom Co and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apogee Optocom Co's current Net Current Asset Value is NT$18.03, which is 235% above median its own 10-year median of 5.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apogee Optocom Co stock overvalued right now?
Based on GuruFocus' analysis, Apogee Optocom Co (TPE:6426) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$88.50, compared to a current price of NT$174.50 — trading 97.2% above its estimated fair value. The current Net Current Asset Value is NT$18.03, which is 235% above median its 10-year median of 5.38. Apogee Optocom Co's overall GF Score™ is 59/100 with 2 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 Apogee Optocom Co (TPE:6426), the current Net Current Asset Value is NT$18.03 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 Apogee Optocom Co (TPE:6426) Overvalued in 2026?
Based on GuruFocus' analysis, Apogee Optocom Co stock appears to be overvalued.
The current stock price of NT$174.50 is trading 97.2% above its estimated GF Value™ of NT$88.50.
GuruFocus considers Apogee Optocom Co to be Significantly Overvalued.
Key valuation signals for TPE:6426:
Net Current Asset Value: NT$18.03 (235% above median its 10-year median of 5.38)
GF Value™: NT$88.50 vs. price of NT$174.50 (97.2% above fair value)
No single metric tells the full story. See the TPE:6426 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apogee Optocom Co Ltd is a communication component manufacturer based in Taiwan. Its product offerings mainly include thin-film filters for active optical communication components (E-PON, G-PON) and thin-film filters for passive optical communication components (CWDM, DWDM). Additionally, Group is involved in optical and functional thin film processing, and offers optical filters for 1.6T Gbps optical communication modules, co-packaged optics coating applications, and bandpass filters for mid-infrared (MIR) sensors. It also offers measurement instruments like white light interferometers, spectrometers, and mid and far-infrared spectrometers. The Group's reportable operating segments are: the parent company, which derives key revenue, and Subsidiary. Geographically, its key market is China.
59GF Score
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