Enish (TSE:3667) Net Current Asset Value: 円13.00 (As of Dec. 2025) — 41% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3667 Enish Inc TSE:3667
32 GF Score
Price 円30.00
GF Value 円72.99
Valuation Possible Value Trap
! 5 Warning Signs
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What is Enish Net Current Asset Value?

Enish TSE:3667 -6.25% 32 Net Current Asset Value is 円13.00 as of Dec. 2025, which is 100% below its 10-year median of 9.22. GuruFocus rates TSE:3667 with a GF Score™ of 32/100 and a GF Value™ of 円72.99 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 366 Interactive Media companies, Enish ranks better than 62.84% 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).

Enish's net current asset value per share for the quarter that ended in Dec. 2025 was 円13.00.

The historical rank and industry rank for Enish's Net Current Asset Value or its related term are showing as below:

TSE:3667' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.31   Med: 9.22   Max: 21.31
Current: 2.41

During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Enish was 21.31. The lowest was 2.31. And the median was 9.22.

TSE:3667's Price-to-Net-Current-Asset-Value is ranked better than
62.84% of 366 companies
in the Interactive Media industry
Industry Median: 3.595 vs TSE:3667: 2.41

Enish  (TSE:3667) 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 Graham’s 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.


Enish Net Current Asset Value Related Terms


Enish Net Current Asset Value Historical Data

* Premium members only.

The historical data trend for Enish'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.

Enish Net Current Asset Value Chart

Enish Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.54 51.76 10.25 22.99 13.00

Enish Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Dec25 Mar26
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.99 26.04 21.24 13.00 12.43

TSE:3667 vs NTES, EA, TTWO: Net Current Asset Value Comparison

For the Electronic Gaming & Multimedia subindustry, Enish'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.


Enish Price-to-Net-Current-Asset-Value vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Enish's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Enish's Price-to-Net-Current-Asset-Value falls into.


TSE:3667
32GF Score
Enish Inc TSE:3667
Net Current Asset Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Enish Net Current Asset Value Calculation

Enish's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net Current Asset Value Per Share(A: Dec. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(1322.688-827.093-0-0)/38.137
=13.00

Enish's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2025 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(1322.688-827.093-0-0)/38.137
=13.00

* 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13.00 mean?
Enish (TSE:3667) has a Net Current Asset Value of 円13.00 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 Enish and its competitors. This is 41% above median its historical median of 9.22. Over the past decade, Enish's Net Current Asset Value has ranged from 2.31 to 21.31. According to the industry distribution chart, Enish ranks #136 out of 366 companies in the Interactive Media industry, placing it in the top 37.2%.
Is Enish's Net Current Asset Value too high?
Enish's current Net Current Asset Value of 円13.00 is 41% above median its 10-year median of 9.22. Over the past 10 years, this metric has ranged from a low of 2.31 to a high of 21.31. Based on the distribution chart, Enish ranks #136 out of 366 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Enish has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Enish's Net Current Asset Value compare to NTES and EA?
According to the Interactive Media industry distribution chart, Enish ranks #136 out of 366 companies for Net Current Asset Value. This puts Enish in the upper half of its industry. The industry median Net Current Asset Value is 3.60. Historically, Enish's own Net Current Asset Value has ranged from 2.31 to 21.31 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 an Interactive Media company?
The median Net Current Asset Value among Interactive Media companies is 3.60, based on 366 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 Enish and its competitors. For the Interactive Media industry, the median Net Current Asset Value is 3.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enish's current Net Current Asset Value is 円13.00, which is 41% above median its own 10-year median of 9.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enish stock overvalued right now?
Based on GuruFocus' analysis, Enish (TSE:3667) is currently considered Possible Value Trap. The stock's GF Value™ is 円72.99, compared to a current price of 円30.00 — trading 58.9% below its estimated fair value. The current Net Current Asset Value is 円13.00, which is 41% above median its 10-year median of 9.22. Enish's overall GF Score™ is 32/100 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 Enish (TSE:3667), the current Net Current Asset Value is 円13.00 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 Enish (TSE:3667) Overvalued in 2026?

Based on GuruFocus' analysis, Enish stock appears to be undervalued. The current stock price of 円30.00 is trading 58.9% below its estimated GF Value™ of 円72.99. GuruFocus considers Enish to be Possible Value Trap.

Key valuation signals for TSE:3667:

  • Net Current Asset Value: 円13.00 (41% above median its 10-year median of 9.22)
  • GF Value™: 円72.99 vs. price of 円30.00 (58.9% below fair value)
  • GF Score™: 32/100 with 5 warning signs

No single metric tells the full story. See the TSE:3667 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Enish Business Description

Address 1-13-1 Hiroo Fuji Machinery Building, 6F- 8F Hiroo, Shibuya-ku, Tokyo, JPN
Enish Inc is a Japan-based company engaged in mobile games business, including the planning, developing and providing social apps through the Internet. The social apps developed by the company are provided through social game platforms such as GREE, and it pays system usage fees while outsourcing fee collection to these social game platform operators.
32GF Score

Get the complete analysis for TSE:3667

Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円30.00
Price
円72.99
GF Value