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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).
Hybrid Technologies Co's net current asset value per share for the quarter that ended in Mar. 2026 was 円-113.55.
The historical rank and industry rank for Hybrid Technologies Co's Net Current Asset Value or its related term are showing as below:
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hybrid Technologies Co was 20.98. The lowest was 4.63. And the median was 7.85.
TSE:4260's Price-to-Net-Current-Asset-Value is not ranked *
in the Software industry.
Industry Median: 4.72 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Hybrid Technologies Co (TSE:4260) 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.
Hybrid Technologies Co Net Current Asset Value Related Terms
Hybrid Technologies Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Hybrid Technologies 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.
Hybrid Technologies Co Net Current Asset Value Chart
TSE:4260 vs IBM, ACN, FISV: Net Current Asset Value Comparison
For the Information Technology Services subindustry, Hybrid Technologies 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.
Hybrid Technologies Co Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Hybrid Technologies Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hybrid Technologies 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-113.55 mean?
Hybrid Technologies Co (TSE:4260) has a Net Current Asset Value of 円-113.55 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 Hybrid Technologies Co and its competitors. Over the past decade, Hybrid Technologies Co's Net Current Asset Value has ranged from 4.63 to 20.98. According to the industry distribution chart, Hybrid Technologies Co ranks #999999 out of 1757 companies in the Software industry.
Is Hybrid Technologies Co's Net Current Asset Value too high?
Hybrid Technologies Co's current Net Current Asset Value is 円-113.55. Over the past 10 years, this metric has ranged from a low of 4.63 to a high of 20.98. Based on the distribution chart, Hybrid Technologies Co ranks #999999 out of 1757 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Hybrid Technologies Co has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hybrid Technologies Co's Net Current Asset Value compare to IBM and ACN?
According to the Software industry distribution chart, Hybrid Technologies Co ranks #999999 out of 1757 companies for Net Current Asset Value. This places Hybrid Technologies Co in the lower half of its industry. The industry median Net Current Asset Value is 4.72. Historically, Hybrid Technologies Co's own Net Current Asset Value has ranged from 4.63 to 20.98 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 4.72, based on 1,757 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 Hybrid Technologies Co and its competitors. For the Software industry, the median Net Current Asset Value is 4.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hybrid Technologies Co's current Net Current Asset Value is 円-113.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hybrid Technologies Co stock overvalued right now?
Based on GuruFocus' analysis, Hybrid Technologies Co (TSE:4260) is currently considered Possible Value Trap. The stock's GF Value™ is 円734.11, compared to a current price of 円221.00 — trading 69.9% below its estimated fair value. The current Net Current Asset Value is 円-113.55. Hybrid Technologies Co's overall GF Score™ is 53/100 with 10 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 Hybrid Technologies Co (TSE:4260), the current Net Current Asset Value is 円-113.55 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 Hybrid Technologies Co (TSE:4260) Overvalued in 2026?
Based on GuruFocus' analysis, Hybrid Technologies Co stock appears to be undervalued.
The current stock price of 円221.00 is trading 69.9% below its estimated GF Value™ of 円734.11.
GuruFocus considers Hybrid Technologies Co to be Possible Value Trap.
Key valuation signals for TSE:4260:
Net Current Asset Value: 円-113.55
GF Value™: 円734.11 vs. price of 円221.00 (69.9% below fair value)
No single metric tells the full story. See the TSE:4260 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hybrid Technologies Co Ltd is engaged in promoting clients' digital transformation through hybrid services centered on software development with combined resources from Japan and Vietnam. The various services offered include customer service and system design, UX/UI design, post-development growth hacking, development and maintenance of websites and applications, among others. The company's Hybrid services are offered in two forms: stock services and flow services. The majority of its revenue is generated from the provision of stock services, which involves the services of personnel who handle each development process for a client's project and receive revenue according to the number of employees working.
53GF Score
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