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Meiji Holdings CoTSE:2269 -0.08%71 Net Current Asset Value is 円354.80 as of Mar. 2026, which is 100% below its 10-year median of 10.88. GuruFocus rates TSE:2269 with a GF Score™ of 71/100 and a GF Value™ of 円3,762.50 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,055 Consumer Packaged Goods companies, Meiji Holdings Co ranks worse than 78.58% 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).
Meiji Holdings Co's net current asset value per share for the quarter that ended in Mar. 2026 was 円354.80.
The historical rank and industry rank for Meiji Holdings Co's Net Current Asset Value or its related term are showing as below:
TSE:2269'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 8.42 Med: 10.88 Max: 81.02
Current: 10.54
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Meiji Holdings Co was 81.02. The lowest was 8.42. And the median was 10.88.
TSE:2269's Price-to-Net-Current-Asset-Value is ranked worse than 78.58% of 1055
companies
in the Consumer Packaged Goods industry
Industry Median: 4.23
vs TSE:2269: 10.54
Meiji Holdings Co (TSE:2269) 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.
Meiji Holdings Co Net Current Asset Value Related Terms
Meiji Holdings Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Meiji Holdings Co'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:2269 vs KHC, GIS: Net Current Asset Value Comparison
For the Packaged Foods subindustry, Meiji Holdings 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.
Meiji Holdings Co Price-to-Net-Current-Asset-Value vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Meiji Holdings Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Meiji Holdings 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354.80 mean?
Meiji Holdings Co (TSE:2269) has a Net Current Asset Value of 円354.80 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 Meiji Holdings Co and its competitors. This is 3161% above median its historical median of 10.88. Over the past decade, Meiji Holdings Co's Net Current Asset Value has ranged from 8.42 to 81.02. According to the industry distribution chart, Meiji Holdings Co ranks #829 out of 1055 companies in the Consumer Packaged Goods industry, placing it in the top 78.6%.
Is Meiji Holdings Co's Net Current Asset Value too high?
Meiji Holdings Co's current Net Current Asset Value of 円354.80 is 3161% above median its 10-year median of 10.88. Over the past 10 years, this metric has ranged from a low of 8.42 to a high of 81.02. Based on the distribution chart, Meiji Holdings Co ranks #829 out of 1055 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Meiji Holdings Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Meiji Holdings Co's Net Current Asset Value compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Meiji Holdings Co ranks #829 out of 1055 companies for Net Current Asset Value. This places Meiji Holdings Co in the lower half of its industry. The industry median Net Current Asset Value is 4.23. Historically, Meiji Holdings Co's own Net Current Asset Value has ranged from 8.42 to 81.02 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 Meiji Holdings Co 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. Meiji Holdings Co's current Net Current Asset Value is 円354.80, which is 3161% above median its own 10-year median of 10.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiji Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Meiji Holdings Co (TSE:2269) is currently considered Fairly Valued. The stock's GF Value™ is 円3,762.50, compared to a current price of 円3,741.00 — trading 0.6% below its estimated fair value. The current Net Current Asset Value is 円354.80, which is 3161% above median its 10-year median of 10.88. Meiji Holdings Co's overall GF Score™ is 71/100 with 9 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 Meiji Holdings Co (TSE:2269), the current Net Current Asset Value is 円354.80 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 Meiji Holdings Co (TSE:2269) Overvalued in 2026?
Based on GuruFocus' analysis, Meiji Holdings Co stock appears to be undervalued.
The current stock price of 円3,741.00 is trading 0.6% below its estimated GF Value™ of 円3,762.50.
GuruFocus considers Meiji Holdings Co to be Fairly Valued.
Key valuation signals for TSE:2269:
Net Current Asset Value: 円354.80 (3161% above median its 10-year median of 10.88)
GF Value™: 円3,762.50 vs. price of 円3,741.00 (0.6% below fair value)
No single metric tells the full story. See the TSE:2269 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meiji Holdings was established in 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. A surge in commodity prices, Japan's aging and shrinking population, and fierce competition propelled the amalgamation. The food business—dairy, cacao, nutrition, and food solutions—represents about 80% of the group's sales and 70% of profits. The rest comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Overseas food operations, mainly in China, the US, and Southeast Asia, constitute merely 6.5% of the group's sales, which are in the red due to a surge in investment in China's new factories and fierce price competition initiated by Chinese dairymakers.
71GF Score
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