Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
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).
Showa Chemical Industry Co's net current asset value per share for the quarter that ended in Mar. 2026 was 円119.03.
The historical rank and industry rank for Showa Chemical Industry Co's Net Current Asset Value or its related term are showing as below:
TSE:4990'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.74 Med: 4.53 Max: 97.16
Current: 5.06
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Showa Chemical Industry Co was 97.16. The lowest was 3.74. And the median was 4.53.
TSE:4990's Price-to-Net-Current-Asset-Value is ranked better than 50.84% of 958
companies
in the Chemicals industry
Industry Median: 5.16
vs TSE:4990: 5.06
Showa Chemical Industry Co (TSE:4990) 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.
Showa Chemical Industry Co Net Current Asset Value Related Terms
Showa Chemical Industry 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.
Showa Chemical Industry Co Net Current Asset Value Chart
TSE:4990 vs LIN, SHW, ECL: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Showa Chemical Industry 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.
Showa Chemical Industry Co Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Showa Chemical Industry Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Showa Chemical Industry 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119.03 mean?
Showa Chemical Industry Co (TSE:4990) has a Net Current Asset Value of 円119.03 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 Showa Chemical Industry Co and its competitors. According to the industry distribution chart, Showa Chemical Industry Co ranks #471 out of 958 companies in the Chemicals industry, placing it in the top 49.2%.
Is Showa Chemical Industry Co's Net Current Asset Value too high?
Showa Chemical Industry Co's current Net Current Asset Value is 円119.03. Based on the distribution chart, Showa Chemical Industry Co ranks #471 out of 958 companies in the Chemicals industry, which is above the industry midpoint. Overall, Showa Chemical Industry Co has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Showa Chemical Industry Co's Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, Showa Chemical Industry Co ranks #471 out of 958 companies for Net Current Asset Value. This puts Showa Chemical Industry Co in the upper half of its industry. The industry median Net Current Asset Value is 5.16. 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 Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.16, based on 958 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 Showa Chemical Industry Co and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Showa Chemical Industry Co's current Net Current Asset Value is 円119.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Showa Chemical Industry Co stock overvalued right now?
Showa Chemical Industry Co (TSE:4990) has a current Net Current Asset Value of 円119.03. The current Net Current Asset Value is 円119.03. Showa Chemical Industry Co's overall GF Score™ is 41/100 with 3 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 Showa Chemical Industry Co (TSE:4990), the current Net Current Asset Value is 円119.03 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.
Showa Chemical Industry Co Ltd is engaged in the development and manufacturing of diatomite and perlite. The product range consists of radiolite diatomite filter aids and functional additives, and topco perlite products. Its products are used in a widening spectrum of applications from chemical manufacturing, pool water treatment, pharmaceuticals, incinerator exhaust filtration, the manufacture of building materials, silicone resins, and soil conditioners. It is operating a diatomite plant in Jilin Province, Northeast China.
41GF Score
Get the complete analysis for TSE:4990
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:4990 has been successfully added to your 
