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Wel-DishTSE:2901 -2.19%44 Net Current Asset Value is 円25.67 as of Feb. 2026, which is 100% below its 10-year median of 26.30. GuruFocus rates TSE:2901 with a GF Score™ of 44/100 and a GF Value™ of 円343.58 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 272 Healthcare Providers & Services companies, Wel-Dish ranks worse than 55.15% 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).
Wel-Dish's net current asset value per share for the quarter that ended in Feb. 2026 was 円25.67.
The historical rank and industry rank for Wel-Dish's Net Current Asset Value or its related term are showing as below:
TSE:2901'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.97 Med: 26.3 Max: 140
Current: 6.97
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Wel-Dish was 140.00. The lowest was 6.97. And the median was 26.30.
TSE:2901's Price-to-Net-Current-Asset-Value is ranked worse than 55.15% of 272
companies
in the Healthcare Providers & Services industry
Industry Median: 5.95
vs TSE:2901: 6.97
Wel-Dish (TSE:2901) 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.
Wel-Dish Net Current Asset Value Related Terms
Wel-Dish Net Current Asset Value Historical Data
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The historical data trend for Wel-Dish'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:2901 vs HCA, THC, DVA: Net Current Asset Value Comparison
For the Medical Care Facilities subindustry, Wel-Dish'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.
Wel-Dish Price-to-Net-Current-Asset-Value vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Wel-Dish's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Wel-Dish'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25.67 mean?
Wel-Dish (TSE:2901) has a Net Current Asset Value of 円25.67 as of Feb. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Wel-Dish and its competitors. This is near median its historical median of 26.30. Over the past decade, Wel-Dish's Net Current Asset Value has ranged from 6.97 to 140.00. According to the industry distribution chart, Wel-Dish ranks #150 out of 272 companies in the Healthcare Providers & Services industry, placing it in the top 55.1%.
Is Wel-Dish's Net Current Asset Value too high?
Wel-Dish's current Net Current Asset Value of 円25.67 is near median its 10-year median of 26.30. Over the past 10 years, this metric has ranged from a low of 6.97 to a high of 140.00. Based on the distribution chart, Wel-Dish ranks #150 out of 272 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Wel-Dish has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Wel-Dish's Net Current Asset Value compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Wel-Dish ranks #150 out of 272 companies for Net Current Asset Value. This places Wel-Dish in the lower half of its industry. The industry median Net Current Asset Value is 5.95. Historically, Wel-Dish's own Net Current Asset Value has ranged from 6.97 to 140.00 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 Healthcare Providers & Services company?
The median Net Current Asset Value among Healthcare Providers & Services companies is 5.95, based on 272 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 Wel-Dish and its competitors. For the Healthcare Providers & Services industry, the median Net Current Asset Value is 5.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wel-Dish's current Net Current Asset Value is 円25.67, which is near median its own 10-year median of 26.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wel-Dish stock overvalued right now?
Based on GuruFocus' analysis, Wel-Dish (TSE:2901) is currently considered Possible Value Trap. The stock's GF Value™ is 円343.58, compared to a current price of 円179.00 — trading 47.9% below its estimated fair value. The current Net Current Asset Value is 円25.67, which is near median its 10-year median of 26.30. Wel-Dish's overall GF Score™ is 44/100 with 7 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 Wel-Dish (TSE:2901), the current Net Current Asset Value is 円25.67 as of Feb. 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 Wel-Dish (TSE:2901) Overvalued in 2026?
Based on GuruFocus' analysis, Wel-Dish stock appears to be undervalued.
The current stock price of 円179.00 is trading 47.9% below its estimated GF Value™ of 円343.58.
GuruFocus considers Wel-Dish to be Possible Value Trap.
Key valuation signals for TSE:2901:
Net Current Asset Value: 円25.67 (near median its 10-year median of 26.30)
GF Value™: 円343.58 vs. price of 円179.00 (47.9% below fair value)
No single metric tells the full story. See the TSE:2901 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wel-Dish Inc. is engaged in the Business of Home services which is based on the Nursing Care Insurance Act, It also provides Long-term care preventive service business based on the Long-term Care Insurance Act.
44GF Score
Get the complete analysis for TSE:2901
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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