Kubell Co (TSE:4448) Net Current Asset Value: 円3.49 (As of Dec. 2025) — 88% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:4448 Kubell Co Ltd TSE:4448
56 GF Score
Price 円286.00
GF Value 円779.85
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Kubell Co Net Current Asset Value?

Kubell Co TSE:4448 -2.39% 56 Net Current Asset Value is 円3.49 as of Dec. 2025, which is 100% below its 10-year median of 30.16. GuruFocus rates TSE:4448 with a GF Score™ of 56/100 and a GF Value™ of 円779.85 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,758 Software companies, Kubell Co ranks worse than 95.28% 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).

Kubell Co's net current asset value per share for the quarter that ended in Dec. 2025 was 円3.49.

The historical rank and industry rank for Kubell Co's Net Current Asset Value or its related term are showing as below:

TSE:4448' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 17.13   Med: 30.16   Max: 109.74
Current: 54.37

During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kubell Co was 109.74. The lowest was 17.13. And the median was 30.16.

TSE:4448's Price-to-Net-Current-Asset-Value is ranked worse than
95.28% of 1758 companies
in the Software industry
Industry Median: 4.71 vs TSE:4448: 54.37

Kubell Co  (TSE:4448) 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 Graham’s 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.


Kubell Co Net Current Asset Value Related Terms


Kubell Co Net Current Asset Value Historical Data

* Premium members only.

The historical data trend for Kubell 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.

Kubell Co Net Current Asset Value Chart

Kubell Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only 55.58 33.81 -15.62 -11.75 3.49

Kubell Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.34 -2.26 -1.25 3.49 5.26

TSE:4448 vs UBER, SHOP, CRM: Net Current Asset Value Comparison

For the Software - Application subindustry, Kubell 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.


Kubell Co Price-to-Net-Current-Asset-Value vs Software Industry

For the Software industry and Technology sector, Kubell Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Kubell Co's Price-to-Net-Current-Asset-Value falls into.


TSE:4448
56GF Score
Kubell Co Ltd TSE:4448
Net Current Asset Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kubell Co Net Current Asset Value Calculation

Kubell Co's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net Current Asset Value Per Share(A: Dec. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(4829.891-4683.026-0-0)/42.053
=3.49

Kubell Co's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2025 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(4829.891-4683.026-0-0)/42.053
=3.49

* 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3.49 mean?
Kubell Co (TSE:4448) has a Net Current Asset Value of 円3.49 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 Kubell Co and its competitors. This is 88% below median its historical median of 30.16. Over the past decade, Kubell Co's Net Current Asset Value has ranged from 17.13 to 109.74. According to the industry distribution chart, Kubell Co ranks #1675 out of 1758 companies in the Software industry, placing it in the top 95.3%.
Is Kubell Co's Net Current Asset Value too high?
Kubell Co's current Net Current Asset Value of 円3.49 is 88% below median its 10-year median of 30.16. Over the past 10 years, this metric has ranged from a low of 17.13 to a high of 109.74. Based on the distribution chart, Kubell Co ranks #1675 out of 1758 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Kubell Co has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kubell Co's Net Current Asset Value compare to UBER and SHOP?
According to the Software industry distribution chart, Kubell Co ranks #1675 out of 1758 companies for Net Current Asset Value. This places Kubell Co in the lower half of its industry. The industry median Net Current Asset Value is 4.71. Historically, Kubell Co's own Net Current Asset Value has ranged from 17.13 to 109.74 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 4.71, based on 1,758 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 Kubell Co and its competitors. For the Software industry, the median Net Current Asset Value is 4.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kubell Co's current Net Current Asset Value is 円3.49, which is 88% below median its own 10-year median of 30.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kubell Co stock overvalued right now?
Based on GuruFocus' analysis, Kubell Co (TSE:4448) is currently considered Possible Value Trap. The stock's GF Value™ is 円779.85, compared to a current price of 円286.00 — trading 63.3% below its estimated fair value. The current Net Current Asset Value is 円3.49, which is 88% below median its 10-year median of 30.16. Kubell Co's overall GF Score™ is 56/100 with 3 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 Kubell Co (TSE:4448), the current Net Current Asset Value is 円3.49 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 Kubell Co (TSE:4448) Overvalued in 2026?

Based on GuruFocus' analysis, Kubell Co stock appears to be undervalued. The current stock price of 円286.00 is trading 63.3% below its estimated GF Value™ of 円779.85. GuruFocus considers Kubell Co to be Possible Value Trap.

Key valuation signals for TSE:4448:

  • Net Current Asset Value: 円3.49 (88% below median its 10-year median of 30.16)
  • GF Value™: 円779.85 vs. price of 円286.00 (63.3% below fair value)
  • GF Score™: 56/100 with 3 warning signs

No single metric tells the full story. See the TSE:4448 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kubell Co Business Description

Address 1-24-3 Minamiaoyama, Minato-ku, Tokyo, JPN, 107-0062
Kubell Co Ltd is engaged in the business chat business, peripheral services and new business development and operations.
56GF Score

Get the complete analysis for TSE:4448

Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円286.00
Price
円779.85
GF Value