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LinkersTSE:5131 64 Net Current Asset Value is 円15.21 as of Jan. 2026, which is 100% below its 10-year median of 2.74. GuruFocus rates TSE:5131 with a GF Score™ of 64/100 and a GF Value™ of 円131.30 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 625 Business Services companies, Linkers ranks worse than 88% 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).
Linkers's net current asset value per share for the quarter that ended in Jan. 2026 was 円15.21.
The historical rank and industry rank for Linkers's Net Current Asset Value or its related term are showing as below:
TSE:5131'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.07 Med: 2.74 Max: 17.48
Current: 15.99
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of Linkers was 17.48. The lowest was 2.07. And the median was 2.74.
TSE:5131's Price-to-Net-Current-Asset-Value is ranked worse than 88% of 625
companies
in the Business Services industry
Industry Median: 3.72
vs TSE:5131: 15.99
Linkers (TSE:5131) 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.
Linkers Net Current Asset Value Related Terms
Linkers Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Linkers'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:5131 vs CTAS, CPRT, ULS: Net Current Asset Value Comparison
For the Specialty Business Services subindustry, Linkers'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.
Linkers Price-to-Net-Current-Asset-Value vs Business Services Industry
For the Business Services industry and Industrials sector, Linkers's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Linkers'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15.21 mean?
Linkers (TSE:5131) has a Net Current Asset Value of 円15.21 as of Jan. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Linkers and its competitors. This is 455% above median its historical median of 2.74. Over the past decade, Linkers' Net Current Asset Value has ranged from 2.07 to 17.48. According to the industry distribution chart, Linkers ranks #550 out of 625 companies in the Business Services industry, placing it in the top 88%.
Is Linkers' Net Current Asset Value too high?
Linkers' current Net Current Asset Value of 円15.21 is 455% above median its 10-year median of 2.74. Over the past 10 years, this metric has ranged from a low of 2.07 to a high of 17.48. Based on the distribution chart, Linkers ranks #550 out of 625 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Linkers has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Linkers' Net Current Asset Value compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Linkers ranks #550 out of 625 companies for Net Current Asset Value. This places Linkers in the lower half of its industry. The industry median Net Current Asset Value is 3.72. Historically, Linkers' own Net Current Asset Value has ranged from 2.07 to 17.48 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 Business Services company?
The median Net Current Asset Value among Business Services companies is 3.72, based on 625 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 Linkers and its competitors. For the Business Services industry, the median Net Current Asset Value is 3.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Linkers's current Net Current Asset Value is 円15.21, which is 455% above median its own 10-year median of 2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Linkers stock overvalued right now?
Based on GuruFocus' analysis, Linkers (TSE:5131) is currently considered Modestly Undervalued. The stock's GF Value™ is 円131.30, compared to a current price of 円118.00 — trading 10.1% below its estimated fair value. The current Net Current Asset Value is 円15.21, which is 455% above median its 10-year median of 2.74. Linkers' overall GF Score™ is 64/100 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 Linkers (TSE:5131), the current Net Current Asset Value is 円15.21 as of Jan. 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 Linkers (TSE:5131) Overvalued in 2026?
Based on GuruFocus' analysis, Linkers stock appears to be undervalued.
The current stock price of 円118.00 is trading 10.1% below its estimated GF Value™ of 円131.30.
GuruFocus considers Linkers to be Modestly Undervalued.
Key valuation signals for TSE:5131:
Net Current Asset Value: 円15.21 (455% above median its 10-year median of 2.74)
GF Value™: 円131.30 vs. price of 円118.00 (10.1% below fair value)
No single metric tells the full story. See the TSE:5131 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Linkers Corp is engaged in providing business matchmaking services and research consulting services, especially in the manufacturing sector. The various services offered by the group include Linkers Research, which investigates technology needs and seeds at the research stage and identifies the technical themes and challenges that companies should address; Linkers Sourcing, which provides technology exploration services that handle needs-based matching at the development stage; Linkers Marketing, which introduces clients technology, products, and services to corporate network and provide interview opportunities with interested companies; and Linkers for BANK, a SaaS-based business matching system that helps institutions improve their business matching operations; among others.
64GF Score
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