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Noile-Immune BiotechTSE:4893 +2.96%49 Net Current Asset Value is 円90.15 as of Dec. 2025, which is 100% below its 10-year median of 1.57. GuruFocus rates TSE:4893 with a GF Score™ of 49/100 and a GF Value™ of 円4.32 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 941 Biotechnology companies, Noile-Immune Biotech ranks better than 83.21% 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).
Noile-Immune Biotech's net current asset value per share for the quarter that ended in Dec. 2025 was 円90.15.
The historical rank and industry rank for Noile-Immune Biotech's Net Current Asset Value or its related term are showing as below:
TSE:4893'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.48 Med: 1.57 Max: 1.63
Current: 1.6
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of Noile-Immune Biotech was 1.63. The lowest was 1.48. And the median was 1.57.
TSE:4893's Price-to-Net-Current-Asset-Value is ranked better than 83.21% of 941
companies
in the Biotechnology industry
Industry Median: 4.83
vs TSE:4893: 1.60
Noile-Immune Biotech (TSE:4893) 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.
Noile-Immune Biotech Net Current Asset Value Related Terms
Noile-Immune Biotech Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Noile-Immune Biotech'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.
Noile-Immune Biotech Net Current Asset Value Chart
TSE:4893 vs VRTX, REGN, ALNY: Net Current Asset Value Comparison
For the Biotechnology subindustry, Noile-Immune Biotech'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.
Noile-Immune Biotech Price-to-Net-Current-Asset-Value vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Noile-Immune Biotech's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Noile-Immune Biotech'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90.15 mean?
Noile-Immune Biotech (TSE:4893) has a Net Current Asset Value of 円90.15 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 Noile-Immune Biotech and its competitors. This is 5642% above median its historical median of 1.57. Over the past decade, Noile-Immune Biotech's Net Current Asset Value has ranged from 1.48 to 1.63. According to the industry distribution chart, Noile-Immune Biotech ranks #158 out of 941 companies in the Biotechnology industry, placing it in the top 16.8%.
Is Noile-Immune Biotech's Net Current Asset Value too high?
Noile-Immune Biotech's current Net Current Asset Value of 円90.15 is 5642% above median its 10-year median of 1.57. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 1.63. Based on the distribution chart, Noile-Immune Biotech ranks #158 out of 941 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Noile-Immune Biotech has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Noile-Immune Biotech's Net Current Asset Value compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Noile-Immune Biotech ranks #158 out of 941 companies for Net Current Asset Value. This places Noile-Immune Biotech in the top 17% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 4.83. Historically, Noile-Immune Biotech's own Net Current Asset Value has ranged from 1.48 to 1.63 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 4.83, 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 Noile-Immune Biotech and its competitors. For the Biotechnology industry, the median Net Current Asset Value is 4.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noile-Immune Biotech's current Net Current Asset Value is 円90.15, which is 5642% above median its own 10-year median of 1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noile-Immune Biotech stock overvalued right now?
Based on GuruFocus' analysis, Noile-Immune Biotech (TSE:4893) is currently considered Significantly Overvalued. The stock's GF Value™ is 円4.32, compared to a current price of 円139.00 — trading 3117.6% above its estimated fair value. The current Net Current Asset Value is 円90.15, which is 5642% above median its 10-year median of 1.57. Noile-Immune Biotech's overall GF Score™ is 49/100 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 Noile-Immune Biotech (TSE:4893), the current Net Current Asset Value is 円90.15 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 Noile-Immune Biotech (TSE:4893) Overvalued in 2026?
Based on GuruFocus' analysis, Noile-Immune Biotech stock appears to be overvalued.
The current stock price of 円139.00 is trading 3117.6% above its estimated GF Value™ of 円4.32.
GuruFocus considers Noile-Immune Biotech to be Significantly Overvalued.
Key valuation signals for TSE:4893:
Net Current Asset Value: 円90.15 (5642% above median its 10-year median of 1.57)
GF Value™: 円4.32 vs. price of 円139.00 (3117.6% above fair value)
No single metric tells the full story. See the TSE:4893 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Noile-Immune Biotech Inc is engaged in the development of CAR-T cell therapy for solid cancers using its proprietary technology. The company's development pipeline and collaborative projects with other companies include different product candidates such as NIB102, NIB103, NIB104, ADAP01, AUTL01, etc. It operates in a single segment, the cancer immunotherapy drug discovery business.
49GF 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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