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).
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Sunny Friend Environmental Technology Co was 59.15. The lowest was 32.57. And the median was 45.86.
TPE:8341's Price-to-Net-Current-Asset-Value is not ranked *
in the Waste Management industry.
Industry Median: 4.6 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Sunny Friend Environmental Technology Co (TPE:8341) 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.
Sunny Friend Environmental Technology Co Net Current Asset Value Related Terms
Sunny Friend Environmental Technology 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.
Sunny Friend Environmental Technology Co Net Current Asset Value Chart
Sunny Friend Environmental Technology Co Annual Data
TPE:8341 vs WM, RSG, WCN: Net Current Asset Value Comparison
For the Waste Management subindustry, Sunny Friend Environmental 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.
Sunny Friend Environmental Technology Co Price-to-Net-Current-Asset-Value vs Waste Management Industry
For the Waste Management industry and Industrials sector, Sunny Friend Environmental Technology Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Sunny Friend Environmental 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$-21.76 mean?
Sunny Friend Environmental Technology Co (TPE:8341) has a Net Current Asset Value of NT$-21.76 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 Sunny Friend Environmental Technology Co and its competitors. Over the past decade, Sunny Friend Environmental Technology Co's Net Current Asset Value has ranged from 32.57 to 59.15. According to the industry distribution chart, Sunny Friend Environmental Technology Co ranks #999999 out of 97 companies in the Waste Management industry.
Is Sunny Friend Environmental Technology Co's Net Current Asset Value too high?
Sunny Friend Environmental Technology Co's current Net Current Asset Value is NT$-21.76. Over the past 10 years, this metric has ranged from a low of 32.57 to a high of 59.15. Based on the distribution chart, Sunny Friend Environmental Technology Co ranks #999999 out of 97 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Sunny Friend Environmental Technology Co has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sunny Friend Environmental Technology Co's Net Current Asset Value compare to WM and RSG?
According to the Waste Management industry distribution chart, Sunny Friend Environmental Technology Co ranks #999999 out of 97 companies for Net Current Asset Value. This places Sunny Friend Environmental Technology Co in the lower half of its industry. The industry median Net Current Asset Value is 4.60. Historically, Sunny Friend Environmental Technology Co's own Net Current Asset Value has ranged from 32.57 to 59.15 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 Waste Management company?
The median Net Current Asset Value among Waste Management companies is 4.60, based on 97 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 Sunny Friend Environmental Technology Co and its competitors. For the Waste Management industry, the median Net Current Asset Value is 4.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunny Friend Environmental Technology Co's current Net Current Asset Value is NT$-21.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunny Friend Environmental Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Sunny Friend Environmental Technology Co (TPE:8341) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$112.50, compared to a current price of NT$76.60 — trading 31.9% below its estimated fair value. The current Net Current Asset Value is NT$-21.76. Sunny Friend Environmental Technology Co's overall GF Score™ is 79/100 with 5 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 Sunny Friend Environmental Technology Co (TPE:8341), the current Net Current Asset Value is NT$-21.76 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 Sunny Friend Environmental Technology Co (TPE:8341) Overvalued in 2026?
Based on GuruFocus' analysis, Sunny Friend Environmental Technology Co stock appears to be undervalued.
The current stock price of NT$76.60 is trading 31.9% below its estimated GF Value™ of NT$112.50.
GuruFocus considers Sunny Friend Environmental Technology Co to be Significantly Undervalued.
Key valuation signals for TPE:8341:
Net Current Asset Value: NT$-21.76
GF Value™: NT$112.50 vs. price of NT$76.60 (31.9% below fair value)
No single metric tells the full story. See the TPE:8341 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sunny Friend Environmental Technology Co Business Description
Sunny Friend Environmental Technology Co operates medical waste treatment plants. It uses technology to handle various types of hazardous waste and collects, incinerates, solidifies, and develops solutions to streamline disposal. Various subsidiaries are in Asia to provide services to medical institutions, dispose of batteries, and offer waste treatment and engineering consultations. The company works to recover materials from waste, recycle resources, and conduct environmental tests to discover solutions. Removal vehicles improve communication with customers and are fully equipped to monitor and transmit all cleaning and incineration records back to Sunny Friend's data centers. It generates the majority of its revenue from waste disposal.
79GF 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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