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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).
DaikyoNishikawa's net current asset value per share for the quarter that ended in Mar. 2026 was 円152.60.
The historical rank and industry rank for DaikyoNishikawa's Net Current Asset Value or its related term are showing as below:
TSE:4246'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.32 Med: 8.13 Max: 16
Current: 7.06
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of DaikyoNishikawa was 16.00. The lowest was 5.32. And the median was 8.13.
TSE:4246's Price-to-Net-Current-Asset-Value is ranked worse than 63.86% of 700
companies
in the Vehicles & Parts industry
Industry Median: 4.66
vs TSE:4246: 7.06
DaikyoNishikawa (TSE:4246) 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.
DaikyoNishikawa Net Current Asset Value Related Terms
DaikyoNishikawa Net Current Asset Value Historical Data
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The historical data trend for DaikyoNishikawa'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:4246 vs ORLY, AZO, GPC: Net Current Asset Value Comparison
For the Auto Parts subindustry, DaikyoNishikawa'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.
DaikyoNishikawa Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, DaikyoNishikawa's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where DaikyoNishikawa'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152.60 mean?
DaikyoNishikawa (TSE:4246) has a Net Current Asset Value of 円152.60 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 DaikyoNishikawa and its competitors. According to the industry distribution chart, DaikyoNishikawa ranks #447 out of 700 companies in the Vehicles & Parts industry, placing it in the top 63.9%.
Is DaikyoNishikawa's Net Current Asset Value too high?
DaikyoNishikawa's current Net Current Asset Value is 円152.60. Based on the distribution chart, DaikyoNishikawa ranks #447 out of 700 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, DaikyoNishikawa has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DaikyoNishikawa's Net Current Asset Value compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, DaikyoNishikawa ranks #447 out of 700 companies for Net Current Asset Value. This places DaikyoNishikawa in the lower half of its industry. The industry median Net Current Asset Value is 4.66. 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 Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 4.66, based on 700 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 DaikyoNishikawa and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 4.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DaikyoNishikawa's current Net Current Asset Value is 円152.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DaikyoNishikawa stock overvalued right now?
Based on GuruFocus' analysis, DaikyoNishikawa (TSE:4246) is currently considered Significantly Overvalued. The stock's GF Value™ is 円756.69, compared to a current price of 円1,056.00 — trading 39.6% above its estimated fair value. The current Net Current Asset Value is 円152.60. DaikyoNishikawa's overall GF Score™ is 80/100 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 DaikyoNishikawa (TSE:4246), the current Net Current Asset Value is 円152.60 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 DaikyoNishikawa (TSE:4246) Overvalued in 2026?
Based on GuruFocus' analysis, DaikyoNishikawa stock appears to be overvalued.
The current stock price of 円1,056.00 is trading 39.6% above its estimated GF Value™ of 円756.69.
GuruFocus considers DaikyoNishikawa to be Significantly Overvalued.
Key valuation signals for TSE:4246:
Net Current Asset Value: 円152.60
GF Value™: 円756.69 vs. price of 円1,056.00 (39.6% above fair value)
No single metric tells the full story. See the TSE:4246 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DaikyoNishikawa Corp is primarily engaged in the manufacturing, engineering, and development of automotive and plastic parts. The company's automobile parts manufacturing division provides exterior, interior and engine parts. The plastic manufacturing division provides housing components such as bath unit parts, washstand and kitchen, and other parts. The company distributes its products within domestic market and to overseas markets.
80GF Score
Get the complete analysis for TSE:4246
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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