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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).
Open Up Group's net current asset value per share for the quarter that ended in Jun. 2026 was 円9.56.
The historical rank and industry rank for Open Up Group's Net Current Asset Value or its related term are showing as below:
TSE:2154'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 10.08 Med: 23.46 Max: 213.6
Current: 213.6
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Open Up Group was 213.60. The lowest was 10.08. And the median was 23.46.
TSE:2154's Price-to-Net-Current-Asset-Value is ranked worse than 99.68% of 619
companies
in the Business Services industry
Industry Median: 3.76
vs TSE:2154: 213.60
Open Up Group (TSE:2154) 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.
Open Up Group Net Current Asset Value Related Terms
Open Up Group Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Open Up 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:2154 vs KFY, RHI, TNET: Net Current Asset Value Comparison
For the Staffing & Employment Services subindustry, Open Up 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.
Open Up Group Price-to-Net-Current-Asset-Value vs Business Services Industry
For the Business Services industry and Industrials sector, Open Up Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Open Up 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9.56 mean?
Open Up Group (TSE:2154) has a Net Current Asset Value of 円9.56 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Open Up Group and its competitors. According to the industry distribution chart, Open Up Group ranks #617 out of 619 companies in the Business Services industry, placing it in the top 99.7%.
Is Open Up Group's Net Current Asset Value too high?
Open Up Group's current Net Current Asset Value is 円9.56. Based on the distribution chart, Open Up Group ranks #617 out of 619 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Open Up Group has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Open Up Group's Net Current Asset Value compare to KFY and RHI?
According to the Business Services industry distribution chart, Open Up Group ranks #617 out of 619 companies for Net Current Asset Value. This places Open Up Group in the lower half of its industry. The industry median Net Current Asset Value is 3.76. 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 Business Services company?
The median Net Current Asset Value among Business Services companies is 3.76, based on 619 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 Open Up Group and its competitors. For the Business Services industry, the median Net Current Asset Value is 3.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Open Up Group's current Net Current Asset Value is 円9.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Open Up Group stock overvalued right now?
Based on GuruFocus' analysis, Open Up Group (TSE:2154) is currently considered Fairly Valued. The stock's GF Value™ is 円1,904.36, compared to a current price of 円2,042.00 — trading 7.2% above its estimated fair value. The current Net Current Asset Value is 円9.56. Open Up Group's overall GF Score™ is 81/100 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 Open Up Group (TSE:2154), the current Net Current Asset Value is 円9.56 as of Jun. 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 Open Up Group (TSE:2154) Overvalued in 2026?
Based on GuruFocus' analysis, Open Up Group stock appears to be overvalued.
The current stock price of 円2,042.00 is trading 7.2% above its estimated GF Value™ of 円1,904.36.
GuruFocus considers Open Up Group to be Fairly Valued.
Key valuation signals for TSE:2154:
Net Current Asset Value: 円9.56
GF Value™: 円1,904.36 vs. price of 円2,042.00 (7.2% above fair value)
No single metric tells the full story. See the TSE:2154 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Open Up Group Inc provides human resource services and outsourcing or contracting services for manufacturing companies in Japan and overseas. The business segments of the company include: Mechatronics/IT field: it includes workers dispatching, contracting, consignment business such as development design engineers. Construction area segment includes construction management engineer business / CAD operator dispatch business for customers in construction industry. Manufacturing Area segment includes manufacturing site contracting and dispatch business for customers in manufacturing industry Temporary staffing, outsourcing and referral business for technology and manufacturing fields.
81GF Score
Get the complete analysis for TSE:2154
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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