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Columbia WorksTSE:146A -4.08%11 Net Current Asset Value is 円549.44 as of Dec. 2025, which is 100% below its 10-year median of 12.91. GuruFocus rates TSE:146A with a GF Score™ of 11/100. The stock has 8 warning signs investors should review. Among 756 Real Estate companies, Columbia Works ranks worse than 78.97% 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).
Columbia Works's net current asset value per share for the quarter that ended in Dec. 2025 was 円549.44.
The historical rank and industry rank for Columbia Works's Net Current Asset Value or its related term are showing as below:
TSE:146A'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.84 Med: 12.91 Max: 19.53
Current: 5.96
During the past 5 years, the highest Price-to-Net-Current-Asset-Value Ratio of Columbia Works was 19.53. The lowest was 5.84. And the median was 12.91.
TSE:146A's Price-to-Net-Current-Asset-Value is ranked worse than 78.97% of 756
companies
in the Real Estate industry
Industry Median: 2.09
vs TSE:146A: 5.96
Columbia Works (TSE:146A) 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.
Columbia Works Net Current Asset Value Related Terms
Columbia Works Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Columbia Works'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.
Columbia Works Net Current Asset Value Competitor Comparison
For the Real Estate - Development subindustry, Columbia Works'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.
Columbia Works Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Columbia Works's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Columbia Works'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549.44 mean?
Columbia Works (TSE:146A) has a Net Current Asset Value of 円549.44 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 Columbia Works and its competitors. This is 4156% above median its historical median of 12.91. Over the past decade, Columbia Works' Net Current Asset Value has ranged from 5.84 to 19.53. According to the industry distribution chart, Columbia Works ranks #597 out of 756 companies in the Real Estate industry, placing it in the top 79%.
Is Columbia Works' Net Current Asset Value too high?
Columbia Works' current Net Current Asset Value of 円549.44 is 4156% above median its 10-year median of 12.91. Over the past 10 years, this metric has ranged from a low of 5.84 to a high of 19.53. Based on the distribution chart, Columbia Works ranks #597 out of 756 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Columbia Works has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Columbia Works' Net Current Asset Value compare to competitors?
According to the Real Estate industry distribution chart, Columbia Works ranks #597 out of 756 companies for Net Current Asset Value. This places Columbia Works in the lower half of its industry. The industry median Net Current Asset Value is 2.09. Historically, Columbia Works' own Net Current Asset Value has ranged from 5.84 to 19.53 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 Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.09, based on 756 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 Columbia Works and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Columbia Works's current Net Current Asset Value is 円549.44, which is 4156% above median its own 10-year median of 12.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Columbia Works stock overvalued right now?
Columbia Works (TSE:146A) has a current Net Current Asset Value of 円549.44. The current Net Current Asset Value is 円549.44, which is 4156% above median its 10-year median of 12.91. Columbia Works' overall GF Score™ is 11/100 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 Columbia Works (TSE:146A), the current Net Current Asset Value is 円549.44 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.
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