Tripla Co (TSE:5136) Net Current Asset Value: 円203.71 (As of Apr. 2026) — 1299% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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.

TSE:5136 Tripla Co Ltd TSE:5136
64 GF Score
Price 円1,918.00
GF Value 円3,106.11
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Tripla Co Net Current Asset Value?

Tripla Co TSE:5136 +2.68% 64 Net Current Asset Value is 円203.71 as of Apr. 2026, which is 100% below its 10-year median of 14.56. GuruFocus rates TSE:5136 with a GF Score™ of 64/100 and a GF Value™ of 円3,106.11 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,758 Software companies, Tripla Co ranks worse than 71.44% 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).

Tripla Co's net current asset value per share for the quarter that ended in Apr. 2026 was 円203.71.

The historical rank and industry rank for Tripla Co's Net Current Asset Value or its related term are showing as below:

TSE:5136' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.75   Med: 14.56   Max: 29.62
Current: 9.42

During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of Tripla Co was 29.62. The lowest was 6.75. And the median was 14.56.

TSE:5136's Price-to-Net-Current-Asset-Value is ranked worse than
71.44% of 1758 companies
in the Software industry
Industry Median: 4.785 vs TSE:5136: 9.42

Tripla Co  (TSE:5136) 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 Graham’s 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.


Tripla Co Net Current Asset Value Related Terms


Tripla Co Net Current Asset Value Historical Data

* Premium members only.

The historical data trend for Tripla 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.

Tripla Co Net Current Asset Value Chart

Tripla Co Annual Data
Trend Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Net Current Asset Value
Get a 7-Day Free Trial 25.56 36.55 173.92 42.64 123.31

Tripla Co Semi-Annual Data
Oct20 Oct21 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only 91.58 42.64 88.43 123.31 203.71

TSE:5136 vs UBER, SHOP, CRM: Net Current Asset Value Comparison

For the Software - Application subindustry, Tripla 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.


Tripla Co Price-to-Net-Current-Asset-Value vs Software Industry

For the Software industry and Technology sector, Tripla Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Tripla Co's Price-to-Net-Current-Asset-Value falls into.


TSE:5136
64GF Score
Tripla Co Ltd TSE:5136
Net Current Asset Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tripla Co Net Current Asset Value Calculation

Tripla Co's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Oct. 2025 is calculated as

Net Current Asset Value Per Share(A: Oct. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(18804.254-18040.068-35.152-0)/5.912
=123.31

Tripla Co's Net Current Asset Value (NCAV) per share for the quarter that ended in Apr. 2026 is calculated as

Net Current Asset Value Per Share(Q: Apr. 2026 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(20490.044-19243.851-36.965-0)/5.936
=203.71

* 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203.71 mean?
Tripla Co (TSE:5136) has a Net Current Asset Value of 円203.71 as of Apr. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Tripla Co and its competitors. This is 1299% above median its historical median of 14.56. Over the past decade, Tripla Co's Net Current Asset Value has ranged from 6.75 to 29.62. According to the industry distribution chart, Tripla Co ranks #1256 out of 1758 companies in the Software industry, placing it in the top 71.4%.
Is Tripla Co's Net Current Asset Value too high?
Tripla Co's current Net Current Asset Value of 円203.71 is 1299% above median its 10-year median of 14.56. Over the past 10 years, this metric has ranged from a low of 6.75 to a high of 29.62. Based on the distribution chart, Tripla Co ranks #1256 out of 1758 companies in the Software industry, which is below the industry midpoint. Overall, Tripla Co has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tripla Co's Net Current Asset Value compare to UBER and SHOP?
According to the Software industry distribution chart, Tripla Co ranks #1256 out of 1758 companies for Net Current Asset Value. This places Tripla Co in the lower half of its industry. The industry median Net Current Asset Value is 4.79. Historically, Tripla Co's own Net Current Asset Value has ranged from 6.75 to 29.62 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 4.79, based on 1,758 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 Tripla Co and its competitors. For the Software industry, the median Net Current Asset Value is 4.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tripla Co's current Net Current Asset Value is 円203.71, which is 1299% above median its own 10-year median of 14.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tripla Co stock overvalued right now?
Based on GuruFocus' analysis, Tripla Co (TSE:5136) is currently considered Possible Value Trap. The stock's GF Value™ is 円3,106.11, compared to a current price of 円1,918.00 — trading 38.3% below its estimated fair value. The current Net Current Asset Value is 円203.71, which is 1299% above median its 10-year median of 14.56. Tripla Co's 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 Tripla Co (TSE:5136), the current Net Current Asset Value is 円203.71 as of Apr. 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 Tripla Co (TSE:5136) Overvalued in 2026?

Based on GuruFocus' analysis, Tripla Co stock appears to be undervalued. The current stock price of 円1,918.00 is trading 38.3% below its estimated GF Value™ of 円3,106.11. GuruFocus considers Tripla Co to be Possible Value Trap.

Key valuation signals for TSE:5136:

  • Net Current Asset Value: 円203.71 (1299% above median its 10-year median of 14.56)
  • GF Value™: 円3,106.11 vs. price of 円1,918.00 (38.3% below fair value)
  • GF Score™: 64/100 with 4 warning signs

No single metric tells the full story. See the TSE:5136 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tripla Co Business Description

Address 4-15-3 Nishi-Shinjuku, Sumitomo Real Estate Nishi-Shinjuku Building 3, 3rd floor, Shinjuku-ku, Tokyo, JPN, 104-0033
Tripla Co Ltd provides AI chatbot and hotel booking engine services as SaaS-easy to start and quickly enhance customer satisfaction. Its services include tripla book, tripla boost, tripla bot, tripla connect, tripla link, tripla analyatics, and tripla success.
64GF Score

Get the complete analysis for TSE:5136

Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,918.00
Price
円3,106.11
GF Value