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Horizon Fixture Group CoTPE:6957 +3.48%24 Net Current Asset Value is NT$2.96 as of Dec. 2025, which is 100% below its 10-year median of 44.74. GuruFocus rates TPE:6957 with a GF Score™ of 24/100. The stock has 7 warning signs investors should review. Among 286 Furnishings, Fixtures & Appliances companies, Horizon Fixture Group Co ranks worse than 97.9% 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).
Horizon Fixture Group Co's net current asset value per share for the quarter that ended in Dec. 2025 was NT$2.96.
The historical rank and industry rank for Horizon Fixture Group Co's Net Current Asset Value or its related term are showing as below:
TPE:6957'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 22.92 Med: 44.74 Max: 80.41
Current: 80.41
During the past 5 years, the highest Price-to-Net-Current-Asset-Value Ratio of Horizon Fixture Group Co was 80.41. The lowest was 22.92. And the median was 44.74.
TPE:6957's Price-to-Net-Current-Asset-Value is ranked worse than 97.9% of 286
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 3.535
vs TPE:6957: 80.41
Horizon Fixture Group Co (TPE:6957) 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.
Horizon Fixture Group Co Net Current Asset Value Related Terms
Horizon Fixture Group Co Net Current Asset Value Historical Data
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The historical data trend for Horizon Fixture Group 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.
Horizon Fixture Group Co Net Current Asset Value Chart
TPE:6957 vs SN, SGI, MHK: Net Current Asset Value Comparison
For the Furnishings, Fixtures & Appliances subindustry, Horizon Fixture Group 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.
Horizon Fixture Group Co Price-to-Net-Current-Asset-Value vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Horizon Fixture Group Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Horizon Fixture Group 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$2.96 mean?
Horizon Fixture Group Co (TPE:6957) has a Net Current Asset Value of NT$2.96 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 Horizon Fixture Group Co and its competitors. This is 93% below median its historical median of 44.74. Over the past decade, Horizon Fixture Group Co's Net Current Asset Value has ranged from 22.92 to 80.41. According to the industry distribution chart, Horizon Fixture Group Co ranks #280 out of 286 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 97.9%.
Is Horizon Fixture Group Co's Net Current Asset Value too high?
Horizon Fixture Group Co's current Net Current Asset Value of NT$2.96 is 93% below median its 10-year median of 44.74. Over the past 10 years, this metric has ranged from a low of 22.92 to a high of 80.41. Based on the distribution chart, Horizon Fixture Group Co ranks #280 out of 286 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Horizon Fixture Group Co has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Horizon Fixture Group Co's Net Current Asset Value compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Horizon Fixture Group Co ranks #280 out of 286 companies for Net Current Asset Value. This places Horizon Fixture Group Co in the lower half of its industry. The industry median Net Current Asset Value is 3.54. Historically, Horizon Fixture Group Co's own Net Current Asset Value has ranged from 22.92 to 80.41 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 Furnishings, Fixtures & Appliances company?
The median Net Current Asset Value among Furnishings, Fixtures & Appliances companies is 3.54, based on 286 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 Horizon Fixture Group Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Net Current Asset Value is 3.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Fixture Group Co's current Net Current Asset Value is NT$2.96, which is 93% below median its own 10-year median of 44.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Fixture Group Co stock overvalued right now?
Horizon Fixture Group Co (TPE:6957) has a current Net Current Asset Value of NT$2.96. The current Net Current Asset Value is NT$2.96, which is 93% below median its 10-year median of 44.74. Horizon Fixture Group Co's overall GF Score™ is 24/100 with 7 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 Horizon Fixture Group Co (TPE:6957), the current Net Current Asset Value is NT$2.96 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.
Horizon Fixture Group Co Ltd is engaged in the design, manufacturing, and sale of retail store display fixtures and related products. The group provides customized in-store display solutions, including shelving systems, kiosks, modular stands, and other display fixtures, along with installation and delivery services. Its operations include iron and wood manufacturing and related logistics services.
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