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Tess Holdings CoTSE:5074 -6.40%65 Net Current Asset Value is 円-962.99 as of Dec. 2025. GuruFocus rates TSE:5074 with a GF Score™ of 65/100 and a GF Value™ of 円625.62 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 106 Utilities - Independent Power Producers companies, Tess Holdings Co ranks worse than 943395.28% 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).
Tess Holdings Co's net current asset value per share for the quarter that ended in Dec. 2025 was 円-962.99.
The historical rank and industry rank for Tess Holdings Co's Net Current Asset Value or its related term are showing as below:
TSE:5074's Price-to-Net-Current-Asset-Value is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 4.825 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Tess Holdings Co (TSE:5074) 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.
Tess Holdings Co Net Current Asset Value Related Terms
Tess Holdings Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Tess Holdings Co'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.
Tess Holdings Co Net Current Asset Value Competitor Comparison
For the Utilities - Renewable subindustry, Tess Holdings 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.
Tess Holdings Co Price-to-Net-Current-Asset-Value vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Tess Holdings Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Tess Holdings 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-962.99 mean?
Tess Holdings Co (TSE:5074) has a Net Current Asset Value of 円-962.99 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 Tess Holdings Co and its competitors. According to the industry distribution chart, Tess Holdings Co ranks #999999 out of 106 companies in the Utilities - Independent Power Producers industry.
Is Tess Holdings Co's Net Current Asset Value too high?
Tess Holdings Co's current Net Current Asset Value is 円-962.99. Based on the distribution chart, Tess Holdings Co ranks #999999 out of 106 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Tess Holdings Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tess Holdings Co's Net Current Asset Value compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Tess Holdings Co ranks #999999 out of 106 companies for Net Current Asset Value. This places Tess Holdings Co in the lower half of its industry. The industry median Net Current Asset Value is 4.83. 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 an Utilities - Independent Power Producers company?
The median Net Current Asset Value among Utilities - Independent Power Producers companies is 4.83, based on 106 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 Tess Holdings Co and its competitors. For the Utilities - Independent Power Producers 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. Tess Holdings Co's current Net Current Asset Value is 円-962.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tess Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Tess Holdings Co (TSE:5074) is currently considered Modestly Overvalued. The stock's GF Value™ is 円625.62, compared to a current price of 円746.00 — trading 19.2% above its estimated fair value. The current Net Current Asset Value is 円-962.99. Tess Holdings Co's overall GF Score™ is 65/100 with 6 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 Tess Holdings Co (TSE:5074), the current Net Current Asset Value is 円-962.99 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 Tess Holdings Co (TSE:5074) Overvalued in 2026?
Based on GuruFocus' analysis, Tess Holdings Co stock appears to be overvalued.
The current stock price of 円746.00 is trading 19.2% above its estimated GF Value™ of 円625.62.
GuruFocus considers Tess Holdings Co to be Modestly Overvalued.
Key valuation signals for TSE:5074:
Net Current Asset Value: 円-962.99
GF Value™: 円625.62 vs. price of 円746.00 (19.2% above fair value)
No single metric tells the full story. See the TSE:5074 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tess Holdings Co Ltd is engaged in the development and electricity sales of renewable power plants and power retailing business. Further, it is also involved in the operation and maintenance of cogeneration and other environmental energy-saving systems.
65GF Score
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