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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).
Finemat Applied Materials Co's net current asset value per share for the quarter that ended in Dec. 2025 was NT$-6.49.
The historical rank and industry rank for Finemat Applied Materials Co'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 Finemat Applied Materials Co was 9.98. The lowest was 9.97. And the median was 9.98.
TPE:6698'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.
Finemat Applied Materials Co (TPE:6698) 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.
Finemat Applied Materials Co Net Current Asset Value Related Terms
Finemat Applied Materials 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.
Finemat Applied Materials Co Net Current Asset Value Chart
TPE:6698 vs APH, GLW: Net Current Asset Value Comparison
For the Electronic Components subindustry, Finemat Applied Materials 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.
Finemat Applied Materials Co Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Finemat Applied Materials Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Finemat Applied Materials 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$-6.49 mean?
Finemat Applied Materials Co (TPE:6698) has a Net Current Asset Value of NT$-6.49 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Finemat Applied Materials Co and its competitors. Over the past decade, Finemat Applied Materials Co's Net Current Asset Value has ranged from 9.97 to 9.98. According to the industry distribution chart, Finemat Applied Materials Co ranks #999999 out of 1846 companies in the Hardware industry.
Is Finemat Applied Materials Co's Net Current Asset Value too high?
Finemat Applied Materials Co's current Net Current Asset Value is NT$-6.49. Over the past 10 years, this metric has ranged from a low of 9.97 to a high of 9.98. Based on the distribution chart, Finemat Applied Materials Co ranks #999999 out of 1846 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Finemat Applied Materials Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Finemat Applied Materials Co's Net Current Asset Value compare to APH and GLW?
According to the Hardware industry distribution chart, Finemat Applied Materials Co ranks #999999 out of 1846 companies for Net Current Asset Value. This places Finemat Applied Materials Co in the lower half of its industry. The industry median Net Current Asset Value is 5.24. Historically, Finemat Applied Materials Co's own Net Current Asset Value has ranged from 9.97 to 9.98 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 5.24, 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 Finemat Applied Materials 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. Finemat Applied Materials Co's current Net Current Asset Value is NT$-6.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finemat Applied Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Finemat Applied Materials Co (TPE:6698) is currently considered Fairly Valued. The stock's GF Value™ is NT$36.27, compared to a current price of NT$38.40 — trading 5.9% above its estimated fair value. The current Net Current Asset Value is NT$-6.49. Finemat Applied Materials Co's overall GF Score™ is 79/100 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 Finemat Applied Materials Co (TPE:6698), the current Net Current Asset Value is NT$-6.49 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 Finemat Applied Materials Co (TPE:6698) Overvalued in 2026?
Based on GuruFocus' analysis, Finemat Applied Materials Co stock appears to be overvalued.
The current stock price of NT$38.40 is trading 5.9% above its estimated GF Value™ of NT$36.27.
GuruFocus considers Finemat Applied Materials Co to be Fairly Valued.
Key valuation signals for TPE:6698:
Net Current Asset Value: NT$-6.49
GF Value™: NT$36.27 vs. price of NT$38.40 (5.9% above fair value)
No single metric tells the full story. See the TPE:6698 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Finemat Applied Materials Co Ltd is engaged in manufacture of electronic components and computers and its peripherals. Products offered by the company include the display of special high-precision metal mask, Speaker mesh, SMTmask, Encoder, jigs, and etched products, Metal Mask stretching services for displays, metal mask production and stretching services for flexible OLED displays, recycle and cleaning services for OLED and semiconductor components, various precision-etched application products, full-size precision frame manufacturing, and other related products.
79GF Score
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