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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).
Mitani Sekisan Co's net current asset value per share for the quarter that ended in Jun. 2026 was 円582.99.
The historical rank and industry rank for Mitani Sekisan Co's Net Current Asset Value or its related term are showing as below:
TSE:5273'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.62 Med: 2.87 Max: 4.36
Current: 3.71
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Mitani Sekisan Co was 4.36. The lowest was 2.62. And the median was 2.87.
TSE:5273's Price-to-Net-Current-Asset-Value is ranked worse than 53.56% of 1081
companies
in the Construction industry
Industry Median: 3.35
vs TSE:5273: 3.71
Mitani Sekisan Co (TSE:5273) 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.
Mitani Sekisan Co Net Current Asset Value Related Terms
Mitani Sekisan Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Mitani Sekisan 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.
TSE:5273 vs TT, JCI, CARR: Net Current Asset Value Comparison
For the Building Products & Equipment subindustry, Mitani Sekisan 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.
Mitani Sekisan Co Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Mitani Sekisan Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Mitani Sekisan 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582.99 mean?
Mitani Sekisan Co (TSE:5273) has a Net Current Asset Value of 円582.99 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Mitani Sekisan Co and its competitors. According to the industry distribution chart, Mitani Sekisan Co ranks #579 out of 1081 companies in the Construction industry, placing it in the top 53.6%.
Is Mitani Sekisan Co's Net Current Asset Value too high?
Mitani Sekisan Co's current Net Current Asset Value is 円582.99. Based on the distribution chart, Mitani Sekisan Co ranks #579 out of 1081 companies in the Construction industry, which is below the industry midpoint. Overall, Mitani Sekisan Co has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitani Sekisan Co's Net Current Asset Value compare to TT and JCI?
According to the Construction industry distribution chart, Mitani Sekisan Co ranks #579 out of 1081 companies for Net Current Asset Value. This places Mitani Sekisan Co in the lower half of its industry. The industry median Net Current Asset Value is 3.35. 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.35, based on 1,081 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 Mitani Sekisan Co and its competitors. For the Construction industry, the median Net Current Asset Value is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitani Sekisan Co's current Net Current Asset Value is 円582.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitani Sekisan Co stock overvalued right now?
Based on GuruFocus' analysis, Mitani Sekisan Co (TSE:5273) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,831.49, compared to a current price of 円2,161.00 — trading 18% above its estimated fair value. The current Net Current Asset Value is 円582.99. Mitani Sekisan Co's overall GF Score™ is 86/100 with 1 warning sign 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 Mitani Sekisan Co (TSE:5273), the current Net Current Asset Value is 円582.99 as of Jun. 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 Mitani Sekisan Co (TSE:5273) Overvalued in 2026?
Based on GuruFocus' analysis, Mitani Sekisan Co stock appears to be overvalued.
The current stock price of 円2,161.00 is trading 18% above its estimated GF Value™ of 円1,831.49.
GuruFocus considers Mitani Sekisan Co to be Modestly Overvalued.
Key valuation signals for TSE:5273:
Net Current Asset Value: 円582.99
GF Value™: 円1,831.49 vs. price of 円2,161.00 (18% above fair value)
No single metric tells the full story. See the TSE:5273 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mitani Sekisan Co Ltd is a Japanese company. It is engaged in the production and sales of concrete secondary products, manufacture, and sale of gravel products, foundation work, and rental for revetment. The company focuses on manufacturing gravel and stones which are used for civil engineering construction, railway tracking and pavement roadbed materials, raw concrete and various concrete secondary products, aggregates of asphalt composite material and construction materials. It also produces concrete piles and poles and environmental products. The Information-Related Business deals with computer peripheral sales and consigned software production.
86GF Score
Get the complete analysis for TSE:5273
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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