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Vario SecureTSE:4494 +3.98%51 Net Current Asset Value is 円76.91 as of Feb. 2026, which is 100% below its 10-year median of 10.00. GuruFocus rates TSE:4494 with a GF Score™ of 51/100 and a GF Value™ of 円760.08 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,760 Software companies, Vario Secure ranks worse than 71.02% 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).
Vario Secure's net current asset value per share for the quarter that ended in Feb. 2026 was 円76.91.
The historical rank and industry rank for Vario Secure's Net Current Asset Value or its related term are showing as below:
TSE:4494'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 8.84 Med: 10 Max: 10
Current: 8.84
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of Vario Secure was 10.00. The lowest was 8.84. And the median was 10.00.
TSE:4494's Price-to-Net-Current-Asset-Value is ranked worse than 71.02% of 1760
companies
in the Software industry
Industry Median: 4.73
vs TSE:4494: 8.84
Vario Secure (TSE:4494) 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.
Vario Secure Net Current Asset Value Related Terms
Vario Secure Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Vario Secure'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:4494 vs MSFT, ORCL, PLTR: Net Current Asset Value Comparison
For the Software - Infrastructure subindustry, Vario Secure'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.
Vario Secure Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Vario Secure's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Vario Secure'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76.91 mean?
Vario Secure (TSE:4494) has a Net Current Asset Value of 円76.91 as of Feb. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Vario Secure and its competitors. This is 669% above median its historical median of 10.00. Over the past decade, Vario Secure's Net Current Asset Value has ranged from 8.84 to 10.00. According to the industry distribution chart, Vario Secure ranks #1250 out of 1760 companies in the Software industry, placing it in the top 71%.
Is Vario Secure's Net Current Asset Value too high?
Vario Secure's current Net Current Asset Value of 円76.91 is 669% above median its 10-year median of 10.00. Over the past 10 years, this metric has ranged from a low of 8.84 to a high of 10.00. Based on the distribution chart, Vario Secure ranks #1250 out of 1760 companies in the Software industry, which is below the industry midpoint. Overall, Vario Secure has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vario Secure's Net Current Asset Value compare to MSFT and ORCL?
According to the Software industry distribution chart, Vario Secure ranks #1250 out of 1760 companies for Net Current Asset Value. This places Vario Secure in the lower half of its industry. The industry median Net Current Asset Value is 4.73. Historically, Vario Secure's own Net Current Asset Value has ranged from 8.84 to 10.00 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 4.73, based on 1,760 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 Vario Secure and its competitors. For the Software industry, the median Net Current Asset Value is 4.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vario Secure's current Net Current Asset Value is 円76.91, which is 669% above median its own 10-year median of 10.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vario Secure stock overvalued right now?
Based on GuruFocus' analysis, Vario Secure (TSE:4494) is currently considered Modestly Undervalued. The stock's GF Value™ is 円760.08, compared to a current price of 円680.00 — trading 10.5% below its estimated fair value. The current Net Current Asset Value is 円76.91, which is 669% above median its 10-year median of 10.00. Vario Secure's overall GF Score™ is 51/100 with 5 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 Vario Secure (TSE:4494), the current Net Current Asset Value is 円76.91 as of Feb. 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 Vario Secure (TSE:4494) Overvalued in 2026?
Based on GuruFocus' analysis, Vario Secure stock appears to be undervalued.
The current stock price of 円680.00 is trading 10.5% below its estimated GF Value™ of 円760.08.
GuruFocus considers Vario Secure to be Modestly Undervalued.
Key valuation signals for TSE:4494:
Net Current Asset Value: 円76.91 (669% above median its 10-year median of 10.00)
GF Value™: 円760.08 vs. price of 円680.00 (10.5% below fair value)
No single metric tells the full story. See the TSE:4494 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vario Secure Inc is engaged in providing internet security services that protect the network environment of enterprises from various threats arising from internet usage, by utilizing its in-house developed security instruments and operating system. The company provides one-stop security services, from installation and implementation to operation, monitoring, and support, for small and medium-sized enterprises that struggle to spare dedicated personnel for IT issues, which are becoming increasingly sophisticated and complicated daily. The Company operates in a single segment, the Internet security services business.
51GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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