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Hi-Crates CoTSE:4172 +0.14%69 Net Current Asset Value is 円911.93 as of Mar. 2026, which is 100% below its 10-year median of 2.60. GuruFocus rates TSE:4172 with a GF Score™ of 69/100 and a GF Value™ of 円2,329.28 (Fairly Valued). The stock has 1 warning sign investors should review. Among 270 Healthcare Providers & Services companies, Hi-Crates Co ranks better than 76.67% 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).
Hi-Crates Co's net current asset value per share for the quarter that ended in Mar. 2026 was 円911.93.
The historical rank and industry rank for Hi-Crates Co's Net Current Asset Value or its related term are showing as below:
TSE:4172'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.81 Med: 2.6 Max: 3.62
Current: 2.41
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hi-Crates Co was 3.62. The lowest was 1.81. And the median was 2.60.
TSE:4172's Price-to-Net-Current-Asset-Value is ranked better than 76.67% of 270
companies
in the Healthcare Providers & Services industry
Industry Median: 5.81
vs TSE:4172: 2.41
Hi-Crates Co (TSE:4172) 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.
Hi-Crates Co Net Current Asset Value Related Terms
Hi-Crates Co Net Current Asset Value Historical Data
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The historical data trend for Hi-Crates 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:4172 vs VEEV, BTSG, TEM: Net Current Asset Value Comparison
For the Health Information Services subindustry, Hi-Crates 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.
Hi-Crates Co Price-to-Net-Current-Asset-Value vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Hi-Crates Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hi-Crates 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911.93 mean?
Hi-Crates Co (TSE:4172) has a Net Current Asset Value of 円911.93 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 Hi-Crates Co and its competitors. This is 34974% above median its historical median of 2.60. Over the past decade, Hi-Crates Co's Net Current Asset Value has ranged from 1.81 to 3.62. According to the industry distribution chart, Hi-Crates Co ranks #63 out of 270 companies in the Healthcare Providers & Services industry, placing it in the top 23.3%.
Is Hi-Crates Co's Net Current Asset Value too high?
Hi-Crates Co's current Net Current Asset Value of 円911.93 is 34974% above median its 10-year median of 2.60. Over the past 10 years, this metric has ranged from a low of 1.81 to a high of 3.62. Based on the distribution chart, Hi-Crates Co ranks #63 out of 270 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Hi-Crates Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hi-Crates Co's Net Current Asset Value compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, Hi-Crates Co ranks #63 out of 270 companies for Net Current Asset Value. This places Hi-Crates Co in the top 23% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.81. Historically, Hi-Crates Co's own Net Current Asset Value has ranged from 1.81 to 3.62 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 Healthcare Providers & Services company?
The median Net Current Asset Value among Healthcare Providers & Services companies is 5.81, based on 270 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 Hi-Crates Co and its competitors. For the Healthcare Providers & Services industry, the median Net Current Asset Value is 5.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hi-Crates Co's current Net Current Asset Value is 円911.93, which is 34974% above median its own 10-year median of 2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hi-Crates Co stock overvalued right now?
Based on GuruFocus' analysis, Hi-Crates Co (TSE:4172) is currently considered Fairly Valued. The stock's GF Value™ is 円2,329.28, compared to a current price of 円2,200.00 — trading 5.6% below its estimated fair value. The current Net Current Asset Value is 円911.93, which is 34974% above median its 10-year median of 2.60. Hi-Crates Co's overall GF Score™ is 69/100 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 Hi-Crates Co (TSE:4172), the current Net Current Asset Value is 円911.93 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 Hi-Crates Co (TSE:4172) Overvalued in 2026?
Based on GuruFocus' analysis, Hi-Crates Co stock appears to be undervalued.
The current stock price of 円2,200.00 is trading 5.6% below its estimated GF Value™ of 円2,329.28.
GuruFocus considers Hi-Crates Co to be Fairly Valued.
Key valuation signals for TSE:4172:
Net Current Asset Value: 円911.93 (34974% above median its 10-year median of 2.60)
GF Value™: 円2,329.28 vs. price of 円2,200.00 (5.6% below fair value)
No single metric tells the full story. See the TSE:4172 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hi-Crates Co Ltd formerly, Towa Hi System Co Ltd is involved in the Research and development, sales, and support for integrated dental electronic medical record systems. Research and development, sales and support for iPad and web apps. which includes AI/voice electronic medical record integrated system, Visual examination and periodontal examination system, Interview System, Self-pay estimated system, Image management system etc.
69GF Score
Get the complete analysis for TSE:4172
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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