K&O Energy GroupTSE:1663 -0.39%72 Net Current Asset Value is 円1,151.98 as of Dec. 2025, which is 100% below its 10-year median of 2.94. GuruFocus rates TSE:1663 with a GF Score™ of 72/100 and a GF Value™ of 円2,978.49 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 89 Utilities - Regulated companies, K&O Energy Group ranks better than 57.3% 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).
K&O Energy Group's net current asset value per share for the quarter that ended in Dec. 2025 was 円1,151.98.
The historical rank and industry rank for K&O Energy Group's Net Current Asset Value or its related term are showing as below:
TSE:1663'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.33 Med: 2.94 Max: 3.85
Current: 3.25
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of K&O Energy Group was 3.85. The lowest was 2.33. And the median was 2.94.
TSE:1663's Price-to-Net-Current-Asset-Value is ranked better than 57.3% of 89
companies
in the Utilities - Regulated industry
Industry Median: 4.04
vs TSE:1663: 3.25
K&O Energy Group (TSE:1663) 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.
K&O Energy Group Net Current Asset Value Related Terms
K&O Energy Group Net Current Asset Value Historical Data
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The historical data trend for K&O Energy Group'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.
TSE:1663 vs ATO, NI: Net Current Asset Value Comparison
For the Utilities - Regulated Gas subindustry, K&O Energy Group'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.
K&O Energy Group Price-to-Net-Current-Asset-Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, K&O Energy Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where K&O Energy Group'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1,151.98 mean?
K&O Energy Group (TSE:1663) has a Net Current Asset Value of 円1,151.98 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 K&O Energy Group and its competitors. This is 39083% above median its historical median of 2.94. Over the past decade, K&O Energy Group's Net Current Asset Value has ranged from 2.33 to 3.85. According to the industry distribution chart, K&O Energy Group ranks #38 out of 89 companies in the Utilities - Regulated industry, placing it in the top 42.7%.
Is K&O Energy Group's Net Current Asset Value too high?
K&O Energy Group's current Net Current Asset Value of 円1,151.98 is 39083% above median its 10-year median of 2.94. Over the past 10 years, this metric has ranged from a low of 2.33 to a high of 3.85. Based on the distribution chart, K&O Energy Group ranks #38 out of 89 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, K&O Energy Group has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does K&O Energy Group's Net Current Asset Value compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, K&O Energy Group ranks #38 out of 89 companies for Net Current Asset Value. This puts K&O Energy Group in the upper half of its industry. The industry median Net Current Asset Value is 4.04. Historically, K&O Energy Group's own Net Current Asset Value has ranged from 2.33 to 3.85 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 - Regulated company?
The median Net Current Asset Value among Utilities - Regulated companies is 4.04, based on 89 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 K&O Energy Group and its competitors. For the Utilities - Regulated industry, the median Net Current Asset Value is 4.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. K&O Energy Group's current Net Current Asset Value is 円1,151.98, which is 39083% above median its own 10-year median of 2.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is K&O Energy Group stock overvalued right now?
Based on GuruFocus' analysis, K&O Energy Group (TSE:1663) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,978.49, compared to a current price of 円3,805.00 — trading 27.7% above its estimated fair value. The current Net Current Asset Value is 円1,151.98, which is 39083% above median its 10-year median of 2.94. K&O Energy Group's overall GF Score™ is 72/100 with 2 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 K&O Energy Group (TSE:1663), the current Net Current Asset Value is 円1,151.98 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 K&O Energy Group (TSE:1663) Overvalued in 2026?
Based on GuruFocus' analysis, K&O Energy Group stock appears to be overvalued.
The current stock price of 円3,805.00 is trading 27.7% above its estimated GF Value™ of 円2,978.49.
GuruFocus considers K&O Energy Group to be Modestly Overvalued.
Key valuation signals for TSE:1663:
Net Current Asset Value: 円1,151.98 (39083% above median its 10-year median of 2.94)
GF Value™: 円2,978.49 vs. price of 円3,805.00 (27.7% above fair value)
No single metric tells the full story. See the TSE:1663 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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