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Kuraray CoTSE:3405 +1.89%83 Net Current Asset Value is 円57.78 as of Dec. 2025, which is 100% below its 10-year median of 23.38. GuruFocus rates TSE:3405 with a GF Score™ of 83/100 and a GF Value™ of 円1,862.45 (Fairly Valued). The stock has 5 warning signs investors should review. Among 944 Chemicals companies, Kuraray Co ranks worse than 96.5% 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).
Kuraray Co's net current asset value per share for the quarter that ended in Dec. 2025 was 円57.78.
The historical rank and industry rank for Kuraray Co's Net Current Asset Value or its related term are showing as below:
TSE:3405'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.28 Med: 23.38 Max: 140.78
Current: 95.84
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kuraray Co was 140.78. The lowest was 5.28. And the median was 23.38.
TSE:3405's Price-to-Net-Current-Asset-Value is ranked worse than 96.5% of 944
companies
in the Chemicals industry
Industry Median: 4.96
vs TSE:3405: 95.84
Kuraray Co (TSE:3405) 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.
Kuraray Co Net Current Asset Value Related Terms
Kuraray Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Kuraray 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:3405 vs DOW: Net Current Asset Value Comparison
For the Chemicals subindustry, Kuraray 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.
Kuraray Co Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Kuraray Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kuraray 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57.78 mean?
Kuraray Co (TSE:3405) has a Net Current Asset Value of 円57.78 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Kuraray Co and its competitors. This is 147% above median its historical median of 23.38. Over the past decade, Kuraray Co's Net Current Asset Value has ranged from 5.28 to 140.78. According to the industry distribution chart, Kuraray Co ranks #911 out of 944 companies in the Chemicals industry, placing it in the top 96.5%.
Is Kuraray Co's Net Current Asset Value too high?
Kuraray Co's current Net Current Asset Value of 円57.78 is 147% above median its 10-year median of 23.38. Over the past 10 years, this metric has ranged from a low of 5.28 to a high of 140.78. Based on the distribution chart, Kuraray Co ranks #911 out of 944 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Kuraray Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kuraray Co's Net Current Asset Value compare to DOW?
According to the Chemicals industry distribution chart, Kuraray Co ranks #911 out of 944 companies for Net Current Asset Value. This places Kuraray Co in the lower half of its industry. The industry median Net Current Asset Value is 4.96. Historically, Kuraray Co's own Net Current Asset Value has ranged from 5.28 to 140.78 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 Chemicals company?
The median Net Current Asset Value among Chemicals companies is 4.96, based on 944 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 Kuraray Co and its competitors. For the Chemicals industry, the median Net Current Asset Value is 4.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kuraray Co's current Net Current Asset Value is 円57.78, which is 147% above median its own 10-year median of 23.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuraray Co stock overvalued right now?
Based on GuruFocus' analysis, Kuraray Co (TSE:3405) is currently considered Fairly Valued. The stock's GF Value™ is 円1,862.45, compared to a current price of 円1,807.50 — trading 3% below its estimated fair value. The current Net Current Asset Value is 円57.78, which is 147% above median its 10-year median of 23.38. Kuraray Co's overall GF Score™ is 83/100 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 Kuraray Co (TSE:3405), the current Net Current Asset Value is 円57.78 as of Dec. 2025. 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 Kuraray Co (TSE:3405) Overvalued in 2026?
Based on GuruFocus' analysis, Kuraray Co stock appears to be undervalued.
The current stock price of 円1,807.50 is trading 3% below its estimated GF Value™ of 円1,862.45.
GuruFocus considers Kuraray Co to be Fairly Valued.
Key valuation signals for TSE:3405:
Net Current Asset Value: 円57.78 (147% above median its 10-year median of 23.38)
GF Value™: 円1,862.45 vs. price of 円1,807.50 (3% below fair value)
No single metric tells the full story. See the TSE:3405 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kuraray Co Ltd manufactures and sells specialty chemicals, fibers, and resins. The firm organizes itself into six segments based on product type. The Vinyl Acetate segment, which generates the majority of revenue, sells plastic films and resins for use in the food packaging and electronics industries. The Isoprene segment sells isoprene chemicals, thermoplastic elastomers, and liquid rubber. The Functional Materials segment sells dental materials, while the Textile segment sells fibers for cement and concrete, as well as industrial products for automobiles and hook-and-loop fasteners for clothing. The other two segments are Trading and Other.
83GF Score
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