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Immuno-Biological Laboratories CoTSE:4570 -3.88%58 Net Current Asset Value is 円135.07 as of Mar. 2026, which is 100% below its 10-year median of 5.17. GuruFocus rates TSE:4570 with a GF Score™ of 58/100 and a GF Value™ of 円579.42 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 941 Biotechnology companies, Immuno-Biological Laboratories Co ranks worse than 63.97% 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).
The historical rank and industry rank for Immuno-Biological Laboratories Co's Net Current Asset Value or its related term are showing as below:
TSE:4570'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.84 Med: 5.17 Max: 9.94
Current: 6.98
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Immuno-Biological Laboratories Co was 9.94. The lowest was 3.84. And the median was 5.17.
TSE:4570's Price-to-Net-Current-Asset-Value is ranked worse than 63.97% of 941
companies
in the Biotechnology industry
Industry Median: 4.81
vs TSE:4570: 6.98
Immuno-Biological Laboratories Co (TSE:4570) 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.
Immuno-Biological Laboratories Co Net Current Asset Value Related Terms
Immuno-Biological Laboratories Co Net Current Asset Value Historical Data
* 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.
Immuno-Biological Laboratories Co Net Current Asset Value Chart
TSE:4570 vs VRTX, REGN, ALNY: Net Current Asset Value Comparison
For the Biotechnology subindustry, Immuno-Biological Laboratories 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.
Immuno-Biological Laboratories Co Price-to-Net-Current-Asset-Value vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Immuno-Biological Laboratories Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Immuno-Biological Laboratories 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135.07 mean?
Immuno-Biological Laboratories Co (TSE:4570) has a Net Current Asset Value of 円135.07 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 Immuno-Biological Laboratories Co and its competitors. This is 2513% above median its historical median of 5.17. Over the past decade, Immuno-Biological Laboratories Co's Net Current Asset Value has ranged from 3.84 to 9.94. According to the industry distribution chart, Immuno-Biological Laboratories Co ranks #602 out of 941 companies in the Biotechnology industry, placing it in the top 64%.
Is Immuno-Biological Laboratories Co's Net Current Asset Value too high?
Immuno-Biological Laboratories Co's current Net Current Asset Value of 円135.07 is 2513% above median its 10-year median of 5.17. Over the past 10 years, this metric has ranged from a low of 3.84 to a high of 9.94. Based on the distribution chart, Immuno-Biological Laboratories Co ranks #602 out of 941 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Immuno-Biological Laboratories Co has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Immuno-Biological Laboratories Co's Net Current Asset Value compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Immuno-Biological Laboratories Co ranks #602 out of 941 companies for Net Current Asset Value. This places Immuno-Biological Laboratories Co in the lower half of its industry. The industry median Net Current Asset Value is 4.81. Historically, Immuno-Biological Laboratories Co's own Net Current Asset Value has ranged from 3.84 to 9.94 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 Biotechnology company?
The median Net Current Asset Value among Biotechnology companies is 4.81, based on 941 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 Immuno-Biological Laboratories Co and its competitors. For the Biotechnology industry, the median Net Current Asset Value is 4.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Immuno-Biological Laboratories Co's current Net Current Asset Value is 円135.07, which is 2513% above median its own 10-year median of 5.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Immuno-Biological Laboratories Co stock overvalued right now?
Based on GuruFocus' analysis, Immuno-Biological Laboratories Co (TSE:4570) is currently considered Significantly Overvalued. The stock's GF Value™ is 円579.42, compared to a current price of 円942.00 — trading 62.6% above its estimated fair value. The current Net Current Asset Value is 円135.07, which is 2513% above median its 10-year median of 5.17. Immuno-Biological Laboratories Co's overall GF Score™ is 58/100 with 2 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 Immuno-Biological Laboratories Co (TSE:4570), the current Net Current Asset Value is 円135.07 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 Immuno-Biological Laboratories Co (TSE:4570) Overvalued in 2026?
Based on GuruFocus' analysis, Immuno-Biological Laboratories Co stock appears to be overvalued.
The current stock price of 円942.00 is trading 62.6% above its estimated GF Value™ of 円579.42.
GuruFocus considers Immuno-Biological Laboratories Co to be Significantly Overvalued.
Key valuation signals for TSE:4570:
Net Current Asset Value: 円135.07 (2513% above median its 10-year median of 5.17)
GF Value™: 円579.42 vs. price of 円942.00 (62.6% above fair value)
No single metric tells the full story. See the TSE:4570 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Immuno-Biological Laboratories Co Business Description
Immuno-Biological Laboratories Co Ltd focuses on research and development. It researches, develops, manufacture and supplies various immunological research reagents, and customized services. It is engaged in research and development of materials used in diagnostic products and valuable seeds and technology for protein production using transgenic silkworm cocoons, which make it possible to create valuable proteins as well as antibodies. It works on clinical reagents for cancer research. Its research scientists are producing inflammatory cytokines, growth factors & antibodies for use against these cancers.
58GF Score
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