Koei Chemical CoTSE:4367 -0.34%56 Net Current Asset Value is 円108.11 as of Mar. 2026, which is 100% below its 10-year median of 4.87. GuruFocus rates TSE:4367 with a GF Score™ of 56/100 and a GF Value™ of 円2,029.67 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 945 Chemicals companies, Koei Chemical Co ranks worse than 86.56% 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).
Koei Chemical Co's net current asset value per share for the quarter that ended in Mar. 2026 was 円108.11.
The historical rank and industry rank for Koei Chemical Co's Net Current Asset Value or its related term are showing as below:
TSE:4367'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.51 Med: 4.87 Max: 103.8
Current: 24.26
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Koei Chemical Co was 103.80. The lowest was 1.51. And the median was 4.87.
TSE:4367's Price-to-Net-Current-Asset-Value is ranked worse than 86.56% of 945
companies
in the Chemicals industry
Industry Median: 5.17
vs TSE:4367: 24.26
Koei Chemical Co (TSE:4367) 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.
Koei Chemical Co Net Current Asset Value Related Terms
Koei Chemical Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Koei 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.
TSE:4367 vs LIN, SHW, ECL: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Koei 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.
Koei Chemical Co Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Koei Chemical Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Koei 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108.11 mean?
Koei Chemical Co (TSE:4367) has a Net Current Asset Value of 円108.11 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 Koei Chemical Co and its competitors. This is 2120% above median its historical median of 4.87. Over the past decade, Koei Chemical Co's Net Current Asset Value has ranged from 1.51 to 103.80. According to the industry distribution chart, Koei Chemical Co ranks #818 out of 945 companies in the Chemicals industry, placing it in the top 86.6%.
Is Koei Chemical Co's Net Current Asset Value too high?
Koei Chemical Co's current Net Current Asset Value of 円108.11 is 2120% above median its 10-year median of 4.87. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 103.80. Based on the distribution chart, Koei Chemical Co ranks #818 out of 945 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Koei Chemical Co has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Koei Chemical Co's Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, Koei Chemical Co ranks #818 out of 945 companies for Net Current Asset Value. This places Koei Chemical Co in the lower half of its industry. The industry median Net Current Asset Value is 5.17. Historically, Koei Chemical Co's own Net Current Asset Value has ranged from 1.51 to 103.80 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 945 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 Koei 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. Koei Chemical Co's current Net Current Asset Value is 円108.11, which is 2120% above median its own 10-year median of 4.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koei Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Koei Chemical Co (TSE:4367) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,029.67, compared to a current price of 円2,623.00 — trading 29.2% above its estimated fair value. The current Net Current Asset Value is 円108.11, which is 2120% above median its 10-year median of 4.87. Koei Chemical Co's overall GF Score™ is 56/100 with 7 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 Koei Chemical Co (TSE:4367), the current Net Current Asset Value is 円108.11 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 Koei Chemical Co (TSE:4367) Overvalued in 2026?
Based on GuruFocus' analysis, Koei Chemical Co stock appears to be overvalued.
The current stock price of 円2,623.00 is trading 29.2% above its estimated GF Value™ of 円2,029.67.
GuruFocus considers Koei Chemical Co to be Modestly Overvalued.
Key valuation signals for TSE:4367:
Net Current Asset Value: 円108.11 (2120% above median its 10-year median of 4.87)
GF Value™: 円2,029.67 vs. price of 円2,623.00 (29.2% above fair value)
No single metric tells the full story. See the TSE:4367 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Koei Chemical Co Ltd is a chemical company. It manufactures and sells all kinds of chemical products such as Ionic liquids, polyhydric alcohols, Polyols used in alkyd resin paints used in architecture and automobiles, as well as in air conditioner lubricants and UV inks, Formalin Products used in Adhesives, Synthetic resins, Paints, pyridines, pyrazines, and amines. The company generates sales from locations such as Japan, Asia, Europe, North America.
56GF Score
Get the complete analysis for TSE:4367
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:4367 has been successfully added to your 
