Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Fuji NihonTSE:2114 -0.47%65 Net Current Asset Value is 円165.38 as of Mar. 2026, which is 100% below its 10-year median of 3.25. GuruFocus rates TSE:2114 with a GF Score™ of 65/100 and a GF Value™ of 円605.25 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,055 Consumer Packaged Goods companies, Fuji Nihon ranks better than 53.84% 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).
Fuji Nihon's net current asset value per share for the quarter that ended in Mar. 2026 was 円165.38.
The historical rank and industry rank for Fuji Nihon's Net Current Asset Value or its related term are showing as below:
TSE:2114'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.85 Med: 3.25 Max: 5.86
Current: 3.83
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Fuji Nihon was 5.86. The lowest was 1.85. And the median was 3.25.
TSE:2114's Price-to-Net-Current-Asset-Value is ranked better than 53.84% of 1055
companies
in the Consumer Packaged Goods industry
Industry Median: 4.23
vs TSE:2114: 3.83
Fuji Nihon (TSE:2114) 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.
Fuji Nihon Net Current Asset Value Related Terms
Fuji Nihon Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Fuji Nihon'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:2114 vs MDLZ, HSY, TR: Net Current Asset Value Comparison
For the Confectioners subindustry, Fuji Nihon'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.
Fuji Nihon Price-to-Net-Current-Asset-Value vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Fuji Nihon's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Fuji Nihon'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165.38 mean?
Fuji Nihon (TSE:2114) has a Net Current Asset Value of 円165.38 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 Fuji Nihon and its competitors. This is 4989% above median its historical median of 3.25. Over the past decade, Fuji Nihon's Net Current Asset Value has ranged from 1.85 to 5.86. According to the industry distribution chart, Fuji Nihon ranks #487 out of 1055 companies in the Consumer Packaged Goods industry, placing it in the top 46.2%.
Is Fuji Nihon's Net Current Asset Value too high?
Fuji Nihon's current Net Current Asset Value of 円165.38 is 4989% above median its 10-year median of 3.25. Over the past 10 years, this metric has ranged from a low of 1.85 to a high of 5.86. Based on the distribution chart, Fuji Nihon ranks #487 out of 1055 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Fuji Nihon has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fuji Nihon's Net Current Asset Value compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Fuji Nihon ranks #487 out of 1055 companies for Net Current Asset Value. This puts Fuji Nihon in the upper half of its industry. The industry median Net Current Asset Value is 4.23. Historically, Fuji Nihon's own Net Current Asset Value has ranged from 1.85 to 5.86 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 4.23, based on 1,055 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 Fuji Nihon and its competitors. For the Consumer Packaged Goods industry, the median Net Current Asset Value is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fuji Nihon's current Net Current Asset Value is 円165.38, which is 4989% above median its own 10-year median of 3.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuji Nihon stock overvalued right now?
Based on GuruFocus' analysis, Fuji Nihon (TSE:2114) is currently considered Fairly Valued. The stock's GF Value™ is 円605.25, compared to a current price of 円633.00 — trading 4.6% above its estimated fair value. The current Net Current Asset Value is 円165.38, which is 4989% above median its 10-year median of 3.25. Fuji Nihon's overall GF Score™ is 65/100 with 3 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 Fuji Nihon (TSE:2114), the current Net Current Asset Value is 円165.38 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 Fuji Nihon (TSE:2114) Overvalued in 2026?
Based on GuruFocus' analysis, Fuji Nihon stock appears to be overvalued.
The current stock price of 円633.00 is trading 4.6% above its estimated GF Value™ of 円605.25.
GuruFocus considers Fuji Nihon to be Fairly Valued.
Key valuation signals for TSE:2114:
Net Current Asset Value: 円165.38 (4989% above median its 10-year median of 3.25)
GF Value™: 円605.25 vs. price of 円633.00 (4.6% above fair value)
No single metric tells the full story. See the TSE:2114 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fuji Nihon Corp is engaged in the manufacture and sale of sugar and sugar-related products. The company is also engaged in the business of functional materials, cut flower active agents and food additives.
65GF Score
Get the complete analysis for TSE:2114
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:2114 has been successfully added to your 
