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Bando Chemical IndustriesTSE:5195 -1.68%84 Net Current Asset Value is 円712.77 as of Mar. 2026, which is 100% below its 10-year median of 3.17. GuruFocus rates TSE:5195 with a GF Score™ of 84/100 and a GF Value™ of 円1,990.44 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,213 Industrial Products companies, Bando Chemical Industries ranks better than 67.15% 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).
Bando Chemical Industries's net current asset value per share for the quarter that ended in Mar. 2026 was 円712.77.
The historical rank and industry rank for Bando Chemical Industries's Net Current Asset Value or its related term are showing as below:
TSE:5195'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.4 Med: 3.17 Max: 13.18
Current: 3.12
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Bando Chemical Industries was 13.18. The lowest was 2.40. And the median was 3.17.
TSE:5195's Price-to-Net-Current-Asset-Value is ranked better than 67.15% of 2213
companies
in the Industrial Products industry
Industry Median: 4.9
vs TSE:5195: 3.12
Bando Chemical Industries (TSE:5195) 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.
Bando Chemical Industries Net Current Asset Value Related Terms
Bando Chemical Industries Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Bando Chemical Industries'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.
Bando Chemical Industries Net Current Asset Value Chart
TSE:5195 vs GEV, ETN, PH: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, Bando Chemical Industries'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.
Bando Chemical Industries Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Bando Chemical Industries's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Bando Chemical Industries'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712.77 mean?
Bando Chemical Industries (TSE:5195) has a Net Current Asset Value of 円712.77 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 Bando Chemical Industries and its competitors. This is 22385% above median its historical median of 3.17. Over the past decade, Bando Chemical Industries' Net Current Asset Value has ranged from 2.40 to 13.18. According to the industry distribution chart, Bando Chemical Industries ranks #727 out of 2213 companies in the Industrial Products industry, placing it in the top 32.9%.
Is Bando Chemical Industries' Net Current Asset Value too high?
Bando Chemical Industries' current Net Current Asset Value of 円712.77 is 22385% above median its 10-year median of 3.17. Over the past 10 years, this metric has ranged from a low of 2.40 to a high of 13.18. Based on the distribution chart, Bando Chemical Industries ranks #727 out of 2213 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Bando Chemical Industries has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bando Chemical Industries' Net Current Asset Value compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Bando Chemical Industries ranks #727 out of 2213 companies for Net Current Asset Value. This puts Bando Chemical Industries in the upper half of its industry. The industry median Net Current Asset Value is 4.90. Historically, Bando Chemical Industries' own Net Current Asset Value has ranged from 2.40 to 13.18 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 an Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 4.90, based on 2,213 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 Bando Chemical Industries and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 4.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bando Chemical Industries's current Net Current Asset Value is 円712.77, which is 22385% above median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bando Chemical Industries stock overvalued right now?
Based on GuruFocus' analysis, Bando Chemical Industries (TSE:5195) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,990.44, compared to a current price of 円2,226.00 — trading 11.8% above its estimated fair value. The current Net Current Asset Value is 円712.77, which is 22385% above median its 10-year median of 3.17. Bando Chemical Industries' overall GF Score™ is 84/100 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 Bando Chemical Industries (TSE:5195), the current Net Current Asset Value is 円712.77 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.
Is Bando Chemical Industries (TSE:5195) Overvalued in 2026?
Based on GuruFocus' analysis, Bando Chemical Industries stock appears to be overvalued.
The current stock price of 円2,226.00 is trading 11.8% above its estimated GF Value™ of 円1,990.44.
GuruFocus considers Bando Chemical Industries to be Modestly Overvalued.
Key valuation signals for TSE:5195:
Net Current Asset Value: 円712.77 (22385% above median its 10-year median of 3.17)
GF Value™: 円1,990.44 vs. price of 円2,226.00 (11.8% above fair value)
No single metric tells the full story. See the TSE:5195 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bando Chemical Industries Ltd manufactures and sells rubber and plastic products such as power transmission belts and systems, belts used in precision equipment, and multimedia parts made form urethane and resins. It operates its business under Belt, Advanced Elastomer Products, and Other segments. Belt segment manufactures and sells transmission belts for automobiles and general industry use, conveyor belts, resin conveyor belts, synchronous conveyor belts, transportation system products, hulling roll and railway track product, among others. Elastomer segment manufactures and sells polyurethane functional components, precision abrasives, films for building materials, medical films and industrial films, among others. Bando earns the majority of its revenue from Belt business.
84GF 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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