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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 historical rank and industry rank for Digital Information Technologies's Net Current Asset Value or its related term are showing as below:
TSE:3916'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.24 Med: 7.51 Max: 14.73
Current: 4.28
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of Digital Information Technologies was 14.73. The lowest was 4.24. And the median was 7.51.
TSE:3916's Price-to-Net-Current-Asset-Value is ranked better than 52.78% of 1760
companies
in the Software industry
Industry Median: 4.73
vs TSE:3916: 4.28
Digital Information Technologies (TSE:3916) 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.
Digital Information Technologies Net Current Asset Value Related Terms
Digital Information Technologies Net Current Asset Value Historical Data
* 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.
Digital Information Technologies Net Current Asset Value Chart
TSE:3916 vs IBM, ACN, FISV: Net Current Asset Value Comparison
For the Information Technology Services subindustry, Digital Information Technologies'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.
Digital Information Technologies Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Digital Information Technologies's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Digital Information Technologies'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229.82 mean?
Digital Information Technologies (TSE:3916) has a Net Current Asset Value of 円229.82 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 Digital Information Technologies and its competitors. This is 2960% above median its historical median of 7.51. Over the past decade, Digital Information Technologies' Net Current Asset Value has ranged from 4.24 to 14.73. According to the industry distribution chart, Digital Information Technologies ranks #831 out of 1760 companies in the Software industry, placing it in the top 47.2%.
Is Digital Information Technologies' Net Current Asset Value too high?
Digital Information Technologies' current Net Current Asset Value of 円229.82 is 2960% above median its 10-year median of 7.51. Over the past 10 years, this metric has ranged from a low of 4.24 to a high of 14.73. Based on the distribution chart, Digital Information Technologies ranks #831 out of 1760 companies in the Software industry, which is above the industry midpoint. Overall, Digital Information Technologies has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Digital Information Technologies' Net Current Asset Value compare to IBM and ACN?
According to the Software industry distribution chart, Digital Information Technologies ranks #831 out of 1760 companies for Net Current Asset Value. This puts Digital Information Technologies in the upper half of its industry. The industry median Net Current Asset Value is 4.73. Historically, Digital Information Technologies' own Net Current Asset Value has ranged from 4.24 to 14.73 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 Software company?
The median Net Current Asset Value among Software companies is 4.73, based on 1,760 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 Digital Information Technologies and its competitors. For the Software industry, the median Net Current Asset Value is 4.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Digital Information Technologies's current Net Current Asset Value is 円229.82, which is 2960% above median its own 10-year median of 7.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Digital Information Technologies stock overvalued right now?
Based on GuruFocus' analysis, Digital Information Technologies (TSE:3916) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,302.55, compared to a current price of 円965.00 — trading 25.9% below its estimated fair value. The current Net Current Asset Value is 円229.82, which is 2960% above median its 10-year median of 7.51. Digital Information Technologies' overall GF Score™ is 89/100 with 1 warning sign 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 Digital Information Technologies (TSE:3916), the current Net Current Asset Value is 円229.82 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 Digital Information Technologies (TSE:3916) Overvalued in 2026?
Based on GuruFocus' analysis, Digital Information Technologies stock appears to be undervalued.
The current stock price of 円965.00 is trading 25.9% below its estimated GF Value™ of 円1,302.55.
GuruFocus considers Digital Information Technologies to be Modestly Undervalued.
Key valuation signals for TSE:3916:
Net Current Asset Value: 円229.82 (2960% above median its 10-year median of 7.51)
GF Value™: 円1,302.55 vs. price of 円965.00 (25.9% below fair value)
No single metric tells the full story. See the TSE:3916 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Digital Information Technologies Business Description
Digital Information Technologies Corp is a Japan-based information service company mainly engaged in the operation of software development business and computer sales business. The company operates through two main business segments. The Software Development segment focuses on business solutions, including the development of business systems and operational support services; embedded solutions, such as embedded system development and built-in verification; and product offerings that include cybersecurity and business automation tools. The System Sales segment handles the sale of the Rakuichi core management support system, targeting small and medium-sized enterprises.
89GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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