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Media Do CoTSE:3678 -1.69%66 Net Current Asset Value is 円403.85 as of Feb. 2026, which is 100% below its 10-year median of 20.96. GuruFocus rates TSE:3678 with a GF Score™ of 66/100 and a GF Value™ of 円1,718.54 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 538 Media - Diversified companies, Media Do Co ranks worse than 185873.42% 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).
Media Do Co's net current asset value per share for the quarter that ended in Feb. 2026 was 円403.85.
The historical rank and industry rank for Media Do 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 Media Do Co was 59.38. The lowest was 3.22. And the median was 20.96.
TSE:3678's Price-to-Net-Current-Asset-Value is not ranked *
in the Media - Diversified industry.
Industry Median: 2.905 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Media Do Co (TSE:3678) 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.
Media Do Co Net Current Asset Value Related Terms
Media Do Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Media Do 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:3678 vs NYT, WLY: Net Current Asset Value Comparison
For the Publishing subindustry, Media Do 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.
Media Do Co Price-to-Net-Current-Asset-Value vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Media Do Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Media Do 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403.85 mean?
Media Do Co (TSE:3678) has a Net Current Asset Value of 円403.85 as of Feb. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Media Do Co and its competitors. This is 1827% above median its historical median of 20.96. Over the past decade, Media Do Co's Net Current Asset Value has ranged from 3.22 to 59.38. According to the industry distribution chart, Media Do Co ranks #999999 out of 538 companies in the Media - Diversified industry.
Is Media Do Co's Net Current Asset Value too high?
Media Do Co's current Net Current Asset Value of 円403.85 is 1827% above median its 10-year median of 20.96. Over the past 10 years, this metric has ranged from a low of 3.22 to a high of 59.38. Based on the distribution chart, Media Do Co ranks #999999 out of 538 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Media Do Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Media Do Co's Net Current Asset Value compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Media Do Co ranks #999999 out of 538 companies for Net Current Asset Value. This places Media Do Co in the lower half of its industry. The industry median Net Current Asset Value is 2.91. Historically, Media Do Co's own Net Current Asset Value has ranged from 3.22 to 59.38 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 Media - Diversified company?
The median Net Current Asset Value among Media - Diversified companies is 2.91, based on 538 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 Media Do Co and its competitors. For the Media - Diversified industry, the median Net Current Asset Value is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Media Do Co's current Net Current Asset Value is 円403.85, which is 1827% above median its own 10-year median of 20.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Media Do Co stock overvalued right now?
Based on GuruFocus' analysis, Media Do Co (TSE:3678) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,718.54, compared to a current price of 円1,276.00 — trading 25.8% below its estimated fair value. The current Net Current Asset Value is 円403.85, which is 1827% above median its 10-year median of 20.96. Media Do Co's overall GF Score™ is 66/100 with 4 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 Media Do Co (TSE:3678), the current Net Current Asset Value is 円403.85 as of Feb. 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 Media Do Co (TSE:3678) Overvalued in 2026?
Based on GuruFocus' analysis, Media Do Co stock appears to be undervalued.
The current stock price of 円1,276.00 is trading 25.8% below its estimated GF Value™ of 円1,718.54.
GuruFocus considers Media Do Co to be Modestly Undervalued.
Key valuation signals for TSE:3678:
Net Current Asset Value: 円403.85 (1827% above median its 10-year median of 20.96)
GF Value™: 円1,718.54 vs. price of 円1,276.00 (25.8% below fair value)
No single metric tells the full story. See the TSE:3678 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Media Do Co Ltd is engaged in the business of distributing eBooks. The company provides all kinds of trade eBooks, from comics, fiction, and nonfiction books to photo-books and magazines. The group operates two segments: E-book Distribution Business and Strategic Investment Business. The majority of its revenue is generated from the E-book Distribution Business, which mainly involves acting as an intermediary for domestic e-bookstores, and the intermediary business. Strategic Investment Projects is a group of businesses that aims to create a second revenue stream by utilizing the various networks cultivated within the company.
66GF Score
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