Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Future Innovation GroupTSE:4392 -4.57%56 Net Current Asset Value is 円120.60 as of Dec. 2025, which is 100% below its 10-year median of 2.87. GuruFocus rates TSE:4392 with a GF Score™ of 56/100 and a GF Value™ of 円308.13 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,846 Hardware companies, Future Innovation Group ranks worse than 68.36% 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).
Future Innovation Group's net current asset value per share for the quarter that ended in Dec. 2025 was 円120.60.
The historical rank and industry rank for Future Innovation Group's Net Current Asset Value or its related term are showing as below:
TSE:4392'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.39 Med: 2.87 Max: 8.83
Current: 8.82
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Future Innovation Group was 8.83. The lowest was 2.39. And the median was 2.87.
TSE:4392's Price-to-Net-Current-Asset-Value is ranked worse than 68.36% of 1846
companies
in the Hardware industry
Industry Median: 4.98
vs TSE:4392: 8.82
Future Innovation Group (TSE:4392) 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.
Future Innovation Group Net Current Asset Value Related Terms
Future Innovation Group Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Future Innovation Group'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.
Future Innovation Group Net Current Asset Value Chart
TSE:4392 vs CSCO, CIEN, MSI: Net Current Asset Value Comparison
For the Communication Equipment subindustry, Future Innovation Group'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.
Future Innovation Group Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Future Innovation Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Future Innovation Group'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120.60 mean?
Future Innovation Group (TSE:4392) has a Net Current Asset Value of 円120.60 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Future Innovation Group and its competitors. This is 4102% above median its historical median of 2.87. Over the past decade, Future Innovation Group's Net Current Asset Value has ranged from 2.39 to 8.83. According to the industry distribution chart, Future Innovation Group ranks #1262 out of 1846 companies in the Hardware industry, placing it in the top 68.4%.
Is Future Innovation Group's Net Current Asset Value too high?
Future Innovation Group's current Net Current Asset Value of 円120.60 is 4102% above median its 10-year median of 2.87. Over the past 10 years, this metric has ranged from a low of 2.39 to a high of 8.83. Based on the distribution chart, Future Innovation Group ranks #1262 out of 1846 companies in the Hardware industry, which is below the industry midpoint. Overall, Future Innovation Group has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Future Innovation Group's Net Current Asset Value compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Future Innovation Group ranks #1262 out of 1846 companies for Net Current Asset Value. This places Future Innovation Group in the lower half of its industry. The industry median Net Current Asset Value is 4.98. Historically, Future Innovation Group's own Net Current Asset Value has ranged from 2.39 to 8.83 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 4.98, based on 1,846 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 Future Innovation Group and its competitors. For the Hardware industry, the median Net Current Asset Value is 4.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Future Innovation Group's current Net Current Asset Value is 円120.60, which is 4102% above median its own 10-year median of 2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Future Innovation Group stock overvalued right now?
Based on GuruFocus' analysis, Future Innovation Group (TSE:4392) is currently considered Significantly Overvalued. The stock's GF Value™ is 円308.13, compared to a current price of 円1,064.00 — trading 245.3% above its estimated fair value. The current Net Current Asset Value is 円120.60, which is 4102% above median its 10-year median of 2.87. Future Innovation Group's overall GF Score™ is 56/100 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 Future Innovation Group (TSE:4392), the current Net Current Asset Value is 円120.60 as of Dec. 2025. 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 Future Innovation Group (TSE:4392) Overvalued in 2026?
Based on GuruFocus' analysis, Future Innovation Group stock appears to be overvalued.
The current stock price of 円1,064.00 is trading 245.3% above its estimated GF Value™ of 円308.13.
GuruFocus considers Future Innovation Group to be Significantly Overvalued.
Key valuation signals for TSE:4392:
Net Current Asset Value: 円120.60 (4102% above median its 10-year median of 2.87)
GF Value™: 円308.13 vs. price of 円1,064.00 (245.3% above fair value)
No single metric tells the full story. See the TSE:4392 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Future Innovation Group Inc is engaged in the sale and development of a mobile management system, accompanied by the communication, application services, and maintenance support. The company is also engaged in the management of business subsidiaries and all incidentals or any businesses related to sale and manufacturing of automobile mounting related equipment and manufacturing of molds for the semiconductor.
56GF Score
Get the complete analysis for TSE:4392
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:4392 has been successfully added to your 
