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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).
The historical rank and industry rank for Japan Foundation Engineering Co's Net Current Asset Value or its related term are showing as below:
TSE:1914'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.05 Med: 2.27 Max: 3.83
Current: 3.83
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Japan Foundation Engineering Co was 3.83. The lowest was 1.05. And the median was 2.27.
TSE:1914's Price-to-Net-Current-Asset-Value is ranked worse than 56.91% of 1063
companies
in the Construction industry
Industry Median: 3.19
vs TSE:1914: 3.83
Japan Foundation Engineering Co (TSE:1914) 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.
Japan Foundation Engineering Co Net Current Asset Value Related Terms
Japan Foundation Engineering 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.
Japan Foundation Engineering Co Net Current Asset Value Chart
TSE:1914 vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Japan Foundation Engineering 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.
Japan Foundation Engineering Co Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Japan Foundation Engineering Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Japan Foundation Engineering 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 円182.43 mean?
Japan Foundation Engineering Co (TSE:1914) has a Net Current Asset Value of 円182.43 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Japan Foundation Engineering Co and its competitors. This is 7937% above median its historical median of 2.27. Over the past decade, Japan Foundation Engineering Co's Net Current Asset Value has ranged from 1.05 to 3.83. According to the industry distribution chart, Japan Foundation Engineering Co ranks #605 out of 1063 companies in the Construction industry, placing it in the top 56.9%.
Is Japan Foundation Engineering Co's Net Current Asset Value too high?
Japan Foundation Engineering Co's current Net Current Asset Value of 円182.43 is 7937% above median its 10-year median of 2.27. Over the past 10 years, this metric has ranged from a low of 1.05 to a high of 3.83. Based on the distribution chart, Japan Foundation Engineering Co ranks #605 out of 1063 companies in the Construction industry, which is below the industry midpoint. Overall, Japan Foundation Engineering Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Japan Foundation Engineering Co's Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, Japan Foundation Engineering Co ranks #605 out of 1063 companies for Net Current Asset Value. This places Japan Foundation Engineering Co in the lower half of its industry. The industry median Net Current Asset Value is 3.19. Historically, Japan Foundation Engineering Co's own Net Current Asset Value has ranged from 1.05 to 3.83 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.19, based on 1,063 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 Japan Foundation Engineering Co and its competitors. For the Construction industry, the median Net Current Asset Value is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Foundation Engineering Co's current Net Current Asset Value is 円182.43, which is 7937% above median its own 10-year median of 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Foundation Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Foundation Engineering Co (TSE:1914) is currently considered Fairly Valued. The stock's GF Value™ is 円665.41, compared to a current price of 円699.00 — trading 5% above its estimated fair value. The current Net Current Asset Value is 円182.43, which is 7937% above median its 10-year median of 2.27. Japan Foundation Engineering Co's overall GF Score™ is 66/100 with 4 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 Japan Foundation Engineering Co (TSE:1914), the current Net Current Asset Value is 円182.43 as of Mar. 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 Japan Foundation Engineering Co (TSE:1914) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Foundation Engineering Co stock appears to be overvalued.
The current stock price of 円699.00 is trading 5% above its estimated GF Value™ of 円665.41.
GuruFocus considers Japan Foundation Engineering Co to be Fairly Valued.
Key valuation signals for TSE:1914:
Net Current Asset Value: 円182.43 (7937% above median its 10-year median of 2.27)
GF Value™: 円665.41 vs. price of 円699.00 (5% above fair value)
No single metric tells the full story. See the TSE:1914 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Foundation Engineering Co Business Description
Japan Foundation Engineering Co Ltd is a Japan-based company engaged in the provisions of construction services. The company offers surface and physical exploration, hydrologic and geological and soil features surveys, in-site tests, grouting tests, hydrostatic pressure permeability tests, automatic surveillance, and analysis system for slopes and landslides and design and construction management services. Additionally, it also provides ground-reinforcing and environmental preservation works.
66GF Score
Get the complete analysis for TSE:1914
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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