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Nitto Fuji Flour Milling CoTSE:2003 -0.38%72 Net Current Asset Value is 円532.36 as of Mar. 2026, which is 100% below its 10-year median of 2.57. GuruFocus rates TSE:2003 with a GF Score™ of 72/100 and a GF Value™ of 円1,718.00 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,052 Consumer Packaged Goods companies, Nitto Fuji Flour Milling Co ranks better than 56.75% 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).
Nitto Fuji Flour Milling Co's net current asset value per share for the quarter that ended in Mar. 2026 was 円532.36.
The historical rank and industry rank for Nitto Fuji Flour Milling Co's Net Current Asset Value or its related term are showing as below:
TSE:2003'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.04 Med: 2.57 Max: 3.42
Current: 3.42
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Nitto Fuji Flour Milling Co was 3.42. The lowest was 2.04. And the median was 2.57.
TSE:2003's Price-to-Net-Current-Asset-Value is ranked better than 56.75% of 1052
companies
in the Consumer Packaged Goods industry
Industry Median: 4.115
vs TSE:2003: 3.42
Nitto Fuji Flour Milling Co (TSE:2003) 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.
Nitto Fuji Flour Milling Co Net Current Asset Value Related Terms
Nitto Fuji Flour Milling 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.
Nitto Fuji Flour Milling Co Net Current Asset Value Chart
TSE:2003 vs ADM, BG, TSN: Net Current Asset Value Comparison
For the Farm Products subindustry, Nitto Fuji Flour Milling 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.
Nitto Fuji Flour Milling Co Price-to-Net-Current-Asset-Value vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Nitto Fuji Flour Milling Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Nitto Fuji Flour Milling 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532.36 mean?
Nitto Fuji Flour Milling Co (TSE:2003) has a Net Current Asset Value of 円532.36 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 Nitto Fuji Flour Milling Co and its competitors. This is 20614% above median its historical median of 2.57. Over the past decade, Nitto Fuji Flour Milling Co's Net Current Asset Value has ranged from 2.04 to 3.42. According to the industry distribution chart, Nitto Fuji Flour Milling Co ranks #455 out of 1052 companies in the Consumer Packaged Goods industry, placing it in the top 43.3%.
Is Nitto Fuji Flour Milling Co's Net Current Asset Value too high?
Nitto Fuji Flour Milling Co's current Net Current Asset Value of 円532.36 is 20614% above median its 10-year median of 2.57. Over the past 10 years, this metric has ranged from a low of 2.04 to a high of 3.42. Based on the distribution chart, Nitto Fuji Flour Milling Co ranks #455 out of 1052 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Nitto Fuji Flour Milling Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nitto Fuji Flour Milling Co's Net Current Asset Value compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Nitto Fuji Flour Milling Co ranks #455 out of 1052 companies for Net Current Asset Value. This puts Nitto Fuji Flour Milling Co in the upper half of its industry. The industry median Net Current Asset Value is 4.12. Historically, Nitto Fuji Flour Milling Co's own Net Current Asset Value has ranged from 2.04 to 3.42 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 Consumer Packaged Goods company?
The median Net Current Asset Value among Consumer Packaged Goods companies is 4.12, based on 1,052 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 Nitto Fuji Flour Milling Co and its competitors. For the Consumer Packaged Goods industry, the median Net Current Asset Value is 4.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nitto Fuji Flour Milling Co's current Net Current Asset Value is 円532.36, which is 20614% above median its own 10-year median of 2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nitto Fuji Flour Milling Co stock overvalued right now?
Based on GuruFocus' analysis, Nitto Fuji Flour Milling Co (TSE:2003) is currently considered Fairly Valued. The stock's GF Value™ is 円1,718.00, compared to a current price of 円1,822.00 — trading 6.1% above its estimated fair value. The current Net Current Asset Value is 円532.36, which is 20614% above median its 10-year median of 2.57. Nitto Fuji Flour Milling Co's 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 Nitto Fuji Flour Milling Co (TSE:2003), the current Net Current Asset Value is 円532.36 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 Nitto Fuji Flour Milling Co (TSE:2003) Overvalued in 2026?
Based on GuruFocus' analysis, Nitto Fuji Flour Milling Co stock appears to be overvalued.
The current stock price of 円1,822.00 is trading 6.1% above its estimated GF Value™ of 円1,718.00.
GuruFocus considers Nitto Fuji Flour Milling Co to be Fairly Valued.
Key valuation signals for TSE:2003:
Net Current Asset Value: 円532.36 (20614% above median its 10-year median of 2.57)
GF Value™: 円1,718.00 vs. price of 円1,822.00 (6.1% above fair value)
No single metric tells the full story. See the TSE:2003 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nitto Fuji Flour Milling Co Ltd is engaged in the manufacture and sale of wheat flour and bran. The company is also involved in warehousing business and designing and installation of machines and equipment.
72GF Score
Get the complete analysis for TSE:2003
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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