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West HoldingsTSE:1407 +3.20%72 Net Current Asset Value is 円-618.20 as of Feb. 2026. GuruFocus rates TSE:1407 with a GF Score™ of 72/100 and a GF Value™ of 円2,502.68 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 106 Utilities - Independent Power Producers companies, West Holdings ranks worse than 943395.28% 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).
West Holdings's net current asset value per share for the quarter that ended in Feb. 2026 was 円-618.20.
The historical rank and industry rank for West Holdings's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of West Holdings was 204.29. The lowest was 16.54. And the median was 25.95.
TSE:1407's Price-to-Net-Current-Asset-Value is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 4.865 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
West Holdings (TSE:1407) 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.
West Holdings Net Current Asset Value Related Terms
West Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for West Holdings'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.
West Holdings Net Current Asset Value Competitor Comparison
For the Utilities - Renewable subindustry, West Holdings'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.
West Holdings Price-to-Net-Current-Asset-Value vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, West Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where West Holdings'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 円-618.20 mean?
West Holdings (TSE:1407) has a Net Current Asset Value of 円-618.20 as of Feb. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on West Holdings and its competitors. Over the past decade, West Holdings' Net Current Asset Value has ranged from 16.54 to 204.29. According to the industry distribution chart, West Holdings ranks #999999 out of 106 companies in the Utilities - Independent Power Producers industry.
Is West Holdings' Net Current Asset Value too high?
West Holdings' current Net Current Asset Value is 円-618.20. Over the past 10 years, this metric has ranged from a low of 16.54 to a high of 204.29. Based on the distribution chart, West Holdings ranks #999999 out of 106 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, West Holdings has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does West Holdings' Net Current Asset Value compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, West Holdings ranks #999999 out of 106 companies for Net Current Asset Value. This places West Holdings in the lower half of its industry. The industry median Net Current Asset Value is 4.87. Historically, West Holdings' own Net Current Asset Value has ranged from 16.54 to 204.29 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 an Utilities - Independent Power Producers company?
The median Net Current Asset Value among Utilities - Independent Power Producers companies is 4.87, based on 106 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 West Holdings and its competitors. For the Utilities - Independent Power Producers industry, the median Net Current Asset Value is 4.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. West Holdings's current Net Current Asset Value is 円-618.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West Holdings stock overvalued right now?
Based on GuruFocus' analysis, West Holdings (TSE:1407) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,502.68, compared to a current price of 円2,835.00 — trading 13.3% above its estimated fair value. The current Net Current Asset Value is 円-618.20. West Holdings' overall GF Score™ is 72/100 with 8 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 West Holdings (TSE:1407), the current Net Current Asset Value is 円-618.20 as of Feb. 2026. 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 West Holdings (TSE:1407) Overvalued in 2026?
Based on GuruFocus' analysis, West Holdings stock appears to be overvalued.
The current stock price of 円2,835.00 is trading 13.3% above its estimated GF Value™ of 円2,502.68.
GuruFocus considers West Holdings to be Modestly Overvalued.
Key valuation signals for TSE:1407:
Net Current Asset Value: 円-618.20
GF Value™: 円2,502.68 vs. price of 円2,835.00 (13.3% above fair value)
No single metric tells the full story. See the TSE:1407 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
West Holdings Corp is engaged in the solar power generation. The company generates solar power for municipalities, residential and industrial use. Its business activities are divided into different divisions including Stadtberg business, Solar power generation for municipalities, special high-pressure solar power generation, Industrial solar power generation, Residential solar power generation, O & M (operation and management), Sales of electricity and Esco Business. Stadtberg division provides consulting and operation support for infrastructure services centered on renewable energy. O & M division monitors the photovoltaic power plant and maintains the maximum amount of power generation. Its Esco division provides various energy-saving measures.
72GF Score
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