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Fujibo HoldingsTSE:3104 -5.15%74 Net Current Asset Value is 円161.75 as of Mar. 2026, which is 100% below its 10-year median of 10.17. GuruFocus rates TSE:3104 with a GF Score™ of 74/100 and a GF Value™ of 円2,134.58 (Significantly Overvalued). Among 632 Manufacturing - Apparel & Accessories companies, Fujibo Holdings ranks worse than 92.56% 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).
Fujibo Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was 円161.75.
The historical rank and industry rank for Fujibo Holdings's Net Current Asset Value or its related term are showing as below:
TSE:3104'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 8.32 Med: 10.17 Max: 82.55
Current: 22.75
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Fujibo Holdings was 82.55. The lowest was 8.32. And the median was 10.17.
TSE:3104's Price-to-Net-Current-Asset-Value is ranked worse than 92.56% of 632
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.895
vs TSE:3104: 22.75
Fujibo Holdings (TSE:3104) 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.
Fujibo Holdings Net Current Asset Value Related Terms
Fujibo Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Fujibo Holdings'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.
Fujibo Holdings Net Current Asset Value Competitor Comparison
For the Textile Manufacturing subindustry, Fujibo Holdings'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.
Fujibo Holdings Price-to-Net-Current-Asset-Value vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fujibo Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Fujibo Holdings'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161.75 mean?
Fujibo Holdings (TSE:3104) has a Net Current Asset Value of 円161.75 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 Fujibo Holdings and its competitors. This is 1490% above median its historical median of 10.17. Over the past decade, Fujibo Holdings' Net Current Asset Value has ranged from 8.32 to 82.55. According to the industry distribution chart, Fujibo Holdings ranks #585 out of 632 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 92.6%.
Is Fujibo Holdings' Net Current Asset Value too high?
Fujibo Holdings' current Net Current Asset Value of 円161.75 is 1490% above median its 10-year median of 10.17. Over the past 10 years, this metric has ranged from a low of 8.32 to a high of 82.55. Based on the distribution chart, Fujibo Holdings ranks #585 out of 632 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Fujibo Holdings has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fujibo Holdings' Net Current Asset Value compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Fujibo Holdings ranks #585 out of 632 companies for Net Current Asset Value. This places Fujibo Holdings in the lower half of its industry. The industry median Net Current Asset Value is 2.90. Historically, Fujibo Holdings' own Net Current Asset Value has ranged from 8.32 to 82.55 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 Manufacturing - Apparel & Accessories company?
The median Net Current Asset Value among Manufacturing - Apparel & Accessories companies is 2.90, based on 632 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 Fujibo Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Net Current Asset Value is 2.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fujibo Holdings's current Net Current Asset Value is 円161.75, which is 1490% above median its own 10-year median of 10.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fujibo Holdings stock overvalued right now?
Based on GuruFocus' analysis, Fujibo Holdings (TSE:3104) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,134.58, compared to a current price of 円3,680.00 — trading 72.4% above its estimated fair value. The current Net Current Asset Value is 円161.75, which is 1490% above median its 10-year median of 10.17. Fujibo Holdings' overall GF Score™ is 74/100. 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 Fujibo Holdings (TSE:3104), the current Net Current Asset Value is 円161.75 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 Fujibo Holdings (TSE:3104) Overvalued in 2026?
Based on GuruFocus' analysis, Fujibo Holdings stock appears to be overvalued.
The current stock price of 円3,680.00 is trading 72.4% above its estimated GF Value™ of 円2,134.58.
GuruFocus considers Fujibo Holdings to be Significantly Overvalued.
Key valuation signals for TSE:3104:
Net Current Asset Value: 円161.75 (1490% above median its 10-year median of 10.17)
GF Value™: 円2,134.58 vs. price of 円3,680.00 (72.4% above fair value)
No single metric tells the full story. See the TSE:3104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fujibo Holdings Inc is a Japan-based abrasive product manufacturing company. It operates in four business divisions. Polishing pad business offers precision polishing of silicon wafers and all types of semiconductor materials, metal, and glass. Chemical industrial business is engaged in the production of raw materials for medicines, agricultural chemicals, electronic materials, and functional chemicals. The textile business manufactures special and functional synthetic fibers, including fibers with adhesive properties, luminous fibers, thermochromic yarn, and photochromic Yarn. Other businesses include the export of vehicles and automotive components, manufacturing, and sale of chemical products, and refining of used solvents.
74GF Score
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