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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).
Fuji United Holdings Co's net current asset value per share for the quarter that ended in Mar. 2026 was 円192.27.
The historical rank and industry rank for Fuji United Holdings Co's Net Current Asset Value or its related term are showing as below:
TSE:416A'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.09 Med: 2.48 Max: 6.73
Current: 6.42
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Fuji United Holdings Co was 6.73. The lowest was 1.09. And the median was 2.48.
TSE:416A's Price-to-Net-Current-Asset-Value is ranked worse than 59.21% of 304
companies
in the Oil & Gas industry
Industry Median: 4.025
vs TSE:416A: 6.42
Fuji United Holdings Co (TSE:416A) 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.
Fuji United Holdings Co Net Current Asset Value Related Terms
Fuji United Holdings Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Fuji United Holdings 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.
Fuji United Holdings Co Net Current Asset Value Chart
TSE:416A vs MPC, VLO, PSX: Net Current Asset Value Comparison
For the Oil & Gas Refining & Marketing subindustry, Fuji United Holdings 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.
Fuji United Holdings Co Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Fuji United Holdings Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Fuji United Holdings 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192.27 mean?
Fuji United Holdings Co (TSE:416A) has a Net Current Asset Value of 円192.27 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 Fuji United Holdings Co and its competitors. According to the industry distribution chart, Fuji United Holdings Co ranks #180 out of 304 companies in the Oil & Gas industry, placing it in the top 59.2%.
Is Fuji United Holdings Co's Net Current Asset Value too high?
Fuji United Holdings Co's current Net Current Asset Value is 円192.27. Based on the distribution chart, Fuji United Holdings Co ranks #180 out of 304 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Fuji United Holdings Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fuji United Holdings Co's Net Current Asset Value compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Fuji United Holdings Co ranks #180 out of 304 companies for Net Current Asset Value. This places Fuji United Holdings Co in the lower half of its industry. The industry median Net Current Asset Value is 4.03. 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 Oil & Gas company?
The median Net Current Asset Value among Oil & Gas companies is 4.03, based on 304 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 Fuji United Holdings Co and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 4.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fuji United Holdings Co's current Net Current Asset Value is 円192.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuji United Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Fuji United Holdings Co (TSE:416A) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,782.85, compared to a current price of 円1,294.00 — trading 27.4% below its estimated fair value. The current Net Current Asset Value is 円192.27. Fuji United Holdings Co's overall GF Score™ is 65/100 with 3 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 Fuji United Holdings Co (TSE:416A), the current Net Current Asset Value is 円192.27 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 Fuji United Holdings Co (TSE:416A) Overvalued in 2026?
Based on GuruFocus' analysis, Fuji United Holdings Co stock appears to be undervalued.
The current stock price of 円1,294.00 is trading 27.4% below its estimated GF Value™ of 円1,782.85.
GuruFocus considers Fuji United Holdings Co to be Modestly Undervalued.
Key valuation signals for TSE:416A:
Net Current Asset Value: 円192.27
GF Value™: 円1,782.85 vs. price of 円1,294.00 (27.4% below fair value)
No single metric tells the full story. See the TSE:416A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fuji United Holdings Co Ltd is a Japan-based holding company engaged in managing group companies engaged in recycling, home energy, environmentally-related, oil, rental, and other businesses.
65GF Score
Get the complete analysis for TSE:416A
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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