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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.
Intelligent WaveTSE:4847 +0.63%88 Net Current Asset Value is 円69.98 as of Mar. 2026, which is 100% below its 10-year median of 8.96. GuruFocus rates TSE:4847 with a GF Score™ of 88/100 and a GF Value™ of 円1,201.04 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,753 Software companies, Intelligent Wave ranks worse than 78.72% 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).
Intelligent Wave's net current asset value per share for the quarter that ended in Mar. 2026 was 円69.98.
The historical rank and industry rank for Intelligent Wave's Net Current Asset Value or its related term are showing as below:
TSE:4847'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.77 Med: 8.96 Max: 23.41
Current: 12.84
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Intelligent Wave was 23.41. The lowest was 4.77. And the median was 8.96.
TSE:4847's Price-to-Net-Current-Asset-Value is ranked worse than 78.72% of 1753
companies
in the Software industry
Industry Median: 5.06
vs TSE:4847: 12.84
Intelligent Wave (TSE:4847) 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.
Intelligent Wave Net Current Asset Value Related Terms
Intelligent Wave Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Intelligent Wave'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:4847 vs MSFT, ORCL, PLTR: Net Current Asset Value Comparison
For the Software - Infrastructure subindustry, Intelligent Wave'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.
Intelligent Wave Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Intelligent Wave's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Intelligent Wave'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69.98 mean?
Intelligent Wave (TSE:4847) has a Net Current Asset Value of 円69.98 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 Intelligent Wave and its competitors. This is 681% above median its historical median of 8.96. Over the past decade, Intelligent Wave's Net Current Asset Value has ranged from 4.77 to 23.41. According to the industry distribution chart, Intelligent Wave ranks #1380 out of 1753 companies in the Software industry, placing it in the top 78.7%.
Is Intelligent Wave's Net Current Asset Value too high?
Intelligent Wave's current Net Current Asset Value of 円69.98 is 681% above median its 10-year median of 8.96. Over the past 10 years, this metric has ranged from a low of 4.77 to a high of 23.41. Based on the distribution chart, Intelligent Wave ranks #1380 out of 1753 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Intelligent Wave has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Intelligent Wave's Net Current Asset Value compare to MSFT and ORCL?
According to the Software industry distribution chart, Intelligent Wave ranks #1380 out of 1753 companies for Net Current Asset Value. This places Intelligent Wave in the lower half of its industry. The industry median Net Current Asset Value is 5.06. Historically, Intelligent Wave's own Net Current Asset Value has ranged from 4.77 to 23.41 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 5.06, based on 1,753 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 Intelligent Wave and its competitors. For the Software industry, the median Net Current Asset Value is 5.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intelligent Wave's current Net Current Asset Value is 円69.98, which is 681% above median its own 10-year median of 8.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intelligent Wave stock overvalued right now?
Based on GuruFocus' analysis, Intelligent Wave (TSE:4847) is currently considered Fairly Valued. The stock's GF Value™ is 円1,201.04, compared to a current price of 円1,281.00 — trading 6.7% above its estimated fair value. The current Net Current Asset Value is 円69.98, which is 681% above median its 10-year median of 8.96. Intelligent Wave's overall GF Score™ is 88/100 with 7 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 Intelligent Wave (TSE:4847), the current Net Current Asset Value is 円69.98 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 Intelligent Wave (TSE:4847) Overvalued in 2026?
Based on GuruFocus' analysis, Intelligent Wave stock appears to be overvalued.
The current stock price of 円1,281.00 is trading 6.7% above its estimated GF Value™ of 円1,201.04.
GuruFocus considers Intelligent Wave to be Fairly Valued.
Key valuation signals for TSE:4847:
Net Current Asset Value: 円69.98 (681% above median its 10-year median of 8.96)
GF Value™: 円1,201.04 vs. price of 円1,281.00 (6.7% above fair value)
No single metric tells the full story. See the TSE:4847 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intelligent Wave Inc is engaged in sales of system development services and system products, including hardware and software. It operates in two business segments including the Financial Systems Solutions business, and the Product Solutions business. In the Financial Systems Solutions business, it offers value-added system development, through software and hardware integration, and maintenance services for customers operating primarily in the financial services industry. In the Product Solutions business, it deploys and maintains high value-added systems for data security and other solutions based on the in-house developed product as well as system software procured from third parties for customers operating in a range of industries and fields.
88GF 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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