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Hodogaya Chemical CoTSE:4112 +2.03%74 Net Current Asset Value is 円119.03 as of Jun. 2026, which is 100% below its 10-year median of 5.80. GuruFocus rates TSE:4112 with a GF Score™ of 74/100 and a GF Value™ of 円1,978.81 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 948 Chemicals companies, Hodogaya Chemical Co ranks worse than 70.99% 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).
Hodogaya Chemical Co's net current asset value per share for the quarter that ended in Jun. 2026 was 円119.03.
The historical rank and industry rank for Hodogaya Chemical Co's Net Current Asset Value or its related term are showing as below:
TSE:4112'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.23 Med: 5.8 Max: 11.75
Current: 10.7
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hodogaya Chemical Co was 11.75. The lowest was 3.23. And the median was 5.80.
TSE:4112's Price-to-Net-Current-Asset-Value is ranked worse than 70.99% of 948
companies
in the Chemicals industry
Industry Median: 5.165
vs TSE:4112: 10.70
Hodogaya Chemical Co (TSE:4112) 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.
Hodogaya Chemical Co Net Current Asset Value Related Terms
Hodogaya Chemical Co Net Current Asset Value Historical Data
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The historical data trend for Hodogaya Chemical 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.
Hodogaya Chemical Co Net Current Asset Value Chart
TSE:4112 vs LIN, SHW, ECL: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Hodogaya Chemical 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.
Hodogaya Chemical Co Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Hodogaya Chemical Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hodogaya Chemical 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119.03 mean?
Hodogaya Chemical Co (TSE:4112) has a Net Current Asset Value of 円119.03 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Hodogaya Chemical Co and its competitors. This is 1952% above median its historical median of 5.80. Over the past decade, Hodogaya Chemical Co's Net Current Asset Value has ranged from 3.23 to 11.75. According to the industry distribution chart, Hodogaya Chemical Co ranks #673 out of 948 companies in the Chemicals industry, placing it in the top 71%.
Is Hodogaya Chemical Co's Net Current Asset Value too high?
Hodogaya Chemical Co's current Net Current Asset Value of 円119.03 is 1952% above median its 10-year median of 5.80. Over the past 10 years, this metric has ranged from a low of 3.23 to a high of 11.75. Based on the distribution chart, Hodogaya Chemical Co ranks #673 out of 948 companies in the Chemicals industry, which is below the industry midpoint. Overall, Hodogaya Chemical Co has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hodogaya Chemical Co's Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, Hodogaya Chemical Co ranks #673 out of 948 companies for Net Current Asset Value. This places Hodogaya Chemical Co in the lower half of its industry. The industry median Net Current Asset Value is 5.17. Historically, Hodogaya Chemical Co's own Net Current Asset Value has ranged from 3.23 to 11.75 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 5.17, based on 948 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 Hodogaya Chemical Co and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hodogaya Chemical Co's current Net Current Asset Value is 円119.03, which is 1952% above median its own 10-year median of 5.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hodogaya Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Hodogaya Chemical Co (TSE:4112) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,978.81, compared to a current price of 円2,264.00 — trading 14.4% above its estimated fair value. The current Net Current Asset Value is 円119.03, which is 1952% above median its 10-year median of 5.80. Hodogaya Chemical Co's overall GF Score™ is 74/100 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 Hodogaya Chemical Co (TSE:4112), the current Net Current Asset Value is 円119.03 as of Jun. 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 Hodogaya Chemical Co (TSE:4112) Overvalued in 2026?
Based on GuruFocus' analysis, Hodogaya Chemical Co stock appears to be overvalued.
The current stock price of 円2,264.00 is trading 14.4% above its estimated GF Value™ of 円1,978.81.
GuruFocus considers Hodogaya Chemical Co to be Modestly Overvalued.
Key valuation signals for TSE:4112:
Net Current Asset Value: 円119.03 (1952% above median its 10-year median of 5.80)
GF Value™: 円1,978.81 vs. price of 円2,264.00 (14.4% above fair value)
No single metric tells the full story. See the TSE:4112 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hodogaya Chemical Co Ltd manufactures and sells functional colorants, specialty polymers, basic chemicals, and agro-science products in Japan. The firm's product includes imaging materials, dyes, colors, food additives, and organic light emitting diode materials. The Functional Polymers unit consists of urethane and cement-based construction and civil engineering materials, polyol, and basic raw materials for general chemistry industry. Basic Chemicals handles production of hydrogen peroxide. Agro-Science unit deals with herbicides, pesticides, and growth control agents for crop fields, golf courses, and green areas. Logistic services include warehousing, cargo transport, and commissioned research businesses.
74GF Score
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