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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 Kawasaki Geological Engineering Co's Net Current Asset Value or its related term are showing as below:
TSE:4673'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.88 Med: 4.56 Max: 134.36
Current: 2.07
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kawasaki Geological Engineering Co was 134.36. The lowest was 1.88. And the median was 4.56.
TSE:4673's Price-to-Net-Current-Asset-Value is ranked better than 67.45% of 1063
companies
in the Construction industry
Industry Median: 3.2
vs TSE:4673: 2.07
Kawasaki Geological Engineering Co (TSE:4673) 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.
Kawasaki Geological Engineering Co Net Current Asset Value Related Terms
Kawasaki Geological Engineering 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.
Kawasaki Geological Engineering Co Net Current Asset Value Chart
TSE:4673 vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Kawasaki Geological Engineering 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.
Kawasaki Geological Engineering Co Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Kawasaki Geological Engineering Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kawasaki Geological Engineering 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2,331.85 mean?
Kawasaki Geological Engineering Co (TSE:4673) has a Net Current Asset Value of 円2,331.85 as of May. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Kawasaki Geological Engineering Co and its competitors. This is 51037% above median its historical median of 4.56. Over the past decade, Kawasaki Geological Engineering Co's Net Current Asset Value has ranged from 1.88 to 134.36. According to the industry distribution chart, Kawasaki Geological Engineering Co ranks #346 out of 1063 companies in the Construction industry, placing it in the top 32.5%.
Is Kawasaki Geological Engineering Co's Net Current Asset Value too high?
Kawasaki Geological Engineering Co's current Net Current Asset Value of 円2,331.85 is 51037% above median its 10-year median of 4.56. Over the past 10 years, this metric has ranged from a low of 1.88 to a high of 134.36. Based on the distribution chart, Kawasaki Geological Engineering Co ranks #346 out of 1063 companies in the Construction industry, which is above the industry midpoint. Overall, Kawasaki Geological Engineering Co has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kawasaki Geological Engineering Co's Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, Kawasaki Geological Engineering Co ranks #346 out of 1063 companies for Net Current Asset Value. This puts Kawasaki Geological Engineering Co in the upper half of its industry. The industry median Net Current Asset Value is 3.20. Historically, Kawasaki Geological Engineering Co's own Net Current Asset Value has ranged from 1.88 to 134.36 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.20, based on 1,063 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 Kawasaki Geological Engineering Co and its competitors. For the Construction industry, the median Net Current Asset Value is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kawasaki Geological Engineering Co's current Net Current Asset Value is 円2,331.85, which is 51037% above median its own 10-year median of 4.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kawasaki Geological Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Kawasaki Geological Engineering Co (TSE:4673) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,900.74, compared to a current price of 円4,820.00 — trading 23.6% above its estimated fair value. The current Net Current Asset Value is 円2,331.85, which is 51037% above median its 10-year median of 4.56. Kawasaki Geological Engineering Co's overall GF Score™ is 74/100 with 4 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 Kawasaki Geological Engineering Co (TSE:4673), the current Net Current Asset Value is 円2,331.85 as of May. 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 Kawasaki Geological Engineering Co (TSE:4673) Overvalued in 2026?
Based on GuruFocus' analysis, Kawasaki Geological Engineering Co stock appears to be overvalued.
The current stock price of 円4,820.00 is trading 23.6% above its estimated GF Value™ of 円3,900.74.
GuruFocus considers Kawasaki Geological Engineering Co to be Modestly Overvalued.
Key valuation signals for TSE:4673:
Net Current Asset Value: 円2,331.85 (51037% above median its 10-year median of 4.56)
GF Value™: 円3,900.74 vs. price of 円4,820.00 (23.6% above fair value)
No single metric tells the full story. See the TSE:4673 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kawasaki Geological Engineering Co Business Description
Kawasaki Geological Engineering Co Ltd is a Japan based independent consulting firm on geological engineering in Japan. It provides the geological analysis of the land. The company contributes to the development of infrastructures in governmental and private sectors, as well as in natural resources.
74GF 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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