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Dualtap CoTSE:3469 58 Net Current Asset Value is 円235.28 as of Mar. 2026. GuruFocus rates TSE:3469 with a GF Score™ of 58/100 and a GF Value™ of 円794.60 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 760 Real Estate companies, Dualtap Co ranks worse than 65.79% 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).
Dualtap Co's net current asset value per share for the quarter that ended in Mar. 2026 was 円235.28.
The historical rank and industry rank for Dualtap Co's Net Current Asset Value or its related term are showing as below:
TSE:3469'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.86 Med: 2.46 Max: 32.33
Current: 3.55
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of Dualtap Co was 32.33. The lowest was 0.86. And the median was 2.46.
TSE:3469's Price-to-Net-Current-Asset-Value is ranked worse than 65.79% of 760
companies
in the Real Estate industry
Industry Median: 2.2
vs TSE:3469: 3.55
Dualtap Co (TSE:3469) 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.
Dualtap Co Net Current Asset Value Related Terms
Dualtap Co Net Current Asset Value Historical Data
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The historical data trend for Dualtap 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.
Dualtap Co Net Current Asset Value Competitor Comparison
For the Real Estate - Diversified subindustry, Dualtap 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.
Dualtap Co Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Dualtap Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Dualtap 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235.28 mean?
Dualtap Co (TSE:3469) has a Net Current Asset Value of 円235.28 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 Dualtap Co and its competitors. According to the industry distribution chart, Dualtap Co ranks #500 out of 760 companies in the Real Estate industry, placing it in the top 65.8%.
Is Dualtap Co's Net Current Asset Value too high?
Dualtap Co's current Net Current Asset Value is 円235.28. Based on the distribution chart, Dualtap Co ranks #500 out of 760 companies in the Real Estate industry, which is below the industry midpoint. Overall, Dualtap Co has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dualtap Co's Net Current Asset Value compare to competitors?
According to the Real Estate industry distribution chart, Dualtap Co ranks #500 out of 760 companies for Net Current Asset Value. This places Dualtap Co in the lower half of its industry. The industry median Net Current Asset Value is 2.20. 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 Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.20, based on 760 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 Dualtap Co and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dualtap Co's current Net Current Asset Value is 円235.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dualtap Co stock overvalued right now?
Based on GuruFocus' analysis, Dualtap Co (TSE:3469) is currently considered Modestly Overvalued. The stock's GF Value™ is 円794.60, compared to a current price of 円895.00 — trading 12.6% above its estimated fair value. The current Net Current Asset Value is 円235.28. Dualtap Co's overall GF Score™ is 58/100 with 6 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 Dualtap Co (TSE:3469), the current Net Current Asset Value is 円235.28 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 Dualtap Co (TSE:3469) Overvalued in 2026?
Based on GuruFocus' analysis, Dualtap Co stock appears to be overvalued.
The current stock price of 円895.00 is trading 12.6% above its estimated GF Value™ of 円794.60.
GuruFocus considers Dualtap Co to be Modestly Overvalued.
Key valuation signals for TSE:3469:
Net Current Asset Value: 円235.28
GF Value™: 円794.60 vs. price of 円895.00 (12.6% above fair value)
No single metric tells the full story. See the TSE:3469 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dualtap Co Ltd is a real estate company. Along with its subsidiaries, the company operates across various business segments such as the Real estate sales business, Real estate management business, Overseas real estate business, and the Sales support business. A majority of its revenue is generated from the Real estate sales business which plans and develops asset management condominiums, called XEBEC across various wards of Tokyo. The properties developed are sold to individual investors, REITs, real estate funds, corporate corporations, etc.
58GF Score
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