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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).
The Nihon Seima Co's net current asset value per share for the quarter that ended in Mar. 2026 was 円-228.80.
The historical rank and industry rank for The Nihon Seima Co's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of The Nihon Seima Co was 657.83. The lowest was 5.39. And the median was 9.17.
TSE:3306's Price-to-Net-Current-Asset-Value is not ranked *
in the Conglomerates industry.
Industry Median: 4.085 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
The Nihon Seima Co (TSE:3306) 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.
The Nihon Seima Co Net Current Asset Value Related Terms
The Nihon Seima Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for The Nihon Seima 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:3306 vs HON, MMM: Net Current Asset Value Comparison
For the Conglomerates subindustry, The Nihon Seima 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.
The Nihon Seima Co Price-to-Net-Current-Asset-Value vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, The Nihon Seima Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where The Nihon Seima 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-228.80 mean?
The Nihon Seima Co (TSE:3306) has a Net Current Asset Value of 円-228.80 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 The Nihon Seima Co and its competitors. Over the past decade, The Nihon Seima Co's Net Current Asset Value has ranged from 5.39 to 657.83. According to the industry distribution chart, The Nihon Seima Co ranks #999999 out of 220 companies in the Conglomerates industry.
Is The Nihon Seima Co's Net Current Asset Value too high?
The Nihon Seima Co's current Net Current Asset Value is 円-228.80. Over the past 10 years, this metric has ranged from a low of 5.39 to a high of 657.83. Based on the distribution chart, The Nihon Seima Co ranks #999999 out of 220 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, The Nihon Seima Co has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Nihon Seima Co's Net Current Asset Value compare to HON and MMM?
According to the Conglomerates industry distribution chart, The Nihon Seima Co ranks #999999 out of 220 companies for Net Current Asset Value. This places The Nihon Seima Co in the lower half of its industry. The industry median Net Current Asset Value is 4.09. Historically, The Nihon Seima Co's own Net Current Asset Value has ranged from 5.39 to 657.83 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 Conglomerates company?
The median Net Current Asset Value among Conglomerates companies is 4.09, based on 220 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 The Nihon Seima Co and its competitors. For the Conglomerates industry, the median Net Current Asset Value is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Nihon Seima Co's current Net Current Asset Value is 円-228.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Nihon Seima Co stock overvalued right now?
Based on GuruFocus' analysis, The Nihon Seima Co (TSE:3306) is currently considered Significantly Overvalued. The stock's GF Value™ is 円328.26, compared to a current price of 円726.00 — trading 121.2% above its estimated fair value. The current Net Current Asset Value is 円-228.80. The Nihon Seima Co's overall GF Score™ is 47/100 with 5 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 The Nihon Seima Co (TSE:3306), the current Net Current Asset Value is 円-228.80 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 The Nihon Seima Co (TSE:3306) Overvalued in 2026?
Based on GuruFocus' analysis, The Nihon Seima Co stock appears to be overvalued.
The current stock price of 円726.00 is trading 121.2% above its estimated GF Value™ of 円328.26.
GuruFocus considers The Nihon Seima Co to be Significantly Overvalued.
Key valuation signals for TSE:3306:
Net Current Asset Value: 円-228.80
GF Value™: 円328.26 vs. price of 円726.00 (121.2% above fair value)
No single metric tells the full story. See the TSE:3306 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Nihon Seima Co Ltd is engaged in the manufacture and sale of industrial materials and food products in Japan. It operates through the following business divisions: The Industrial Materials division offers jute products, packaging materials, and others. The Mat division is involved in the manufacture and sale of automobile floor mats and others. The Food divisions is engaged in the production and processing of spaghetti, sauce, and others.
47GF Score
Get the complete analysis for TSE:3306
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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