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Zenhoren CoTSE:5845 -0.59%38 Net Current Asset Value is 円85.37 as of Mar. 2026, which is 100% below its 10-year median of 16.64. GuruFocus rates TSE:5845 with a GF Score™ of 38/100 and a GF Value™ of 円886.18 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 625 Business Services companies, Zenhoren Co ranks worse than 82.56% 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).
Zenhoren Co's net current asset value per share for the quarter that ended in Mar. 2026 was 円85.37.
The historical rank and industry rank for Zenhoren Co's Net Current Asset Value or its related term are showing as below:
TSE:5845'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 11.25 Med: 16.64 Max: 22.02
Current: 11.9
During the past 5 years, the highest Price-to-Net-Current-Asset-Value Ratio of Zenhoren Co was 22.02. The lowest was 11.25. And the median was 16.64.
TSE:5845's Price-to-Net-Current-Asset-Value is ranked worse than 82.56% of 625
companies
in the Business Services industry
Industry Median: 3.72
vs TSE:5845: 11.90
Zenhoren Co (TSE:5845) 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.
Zenhoren Co Net Current Asset Value Related Terms
Zenhoren Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Zenhoren 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:5845 vs CTAS, CPRT, ULS: Net Current Asset Value Comparison
For the Specialty Business Services subindustry, Zenhoren 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.
Zenhoren Co Price-to-Net-Current-Asset-Value vs Business Services Industry
For the Business Services industry and Industrials sector, Zenhoren Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Zenhoren 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85.37 mean?
Zenhoren Co (TSE:5845) has a Net Current Asset Value of 円85.37 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 Zenhoren Co and its competitors. This is 413% above median its historical median of 16.64. Over the past decade, Zenhoren Co's Net Current Asset Value has ranged from 11.25 to 22.02. According to the industry distribution chart, Zenhoren Co ranks #516 out of 625 companies in the Business Services industry, placing it in the top 82.6%.
Is Zenhoren Co's Net Current Asset Value too high?
Zenhoren Co's current Net Current Asset Value of 円85.37 is 413% above median its 10-year median of 16.64. Over the past 10 years, this metric has ranged from a low of 11.25 to a high of 22.02. Based on the distribution chart, Zenhoren Co ranks #516 out of 625 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Zenhoren Co has a GF Score™ of 38/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zenhoren Co's Net Current Asset Value compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Zenhoren Co ranks #516 out of 625 companies for Net Current Asset Value. This places Zenhoren Co in the lower half of its industry. The industry median Net Current Asset Value is 3.72. Historically, Zenhoren Co's own Net Current Asset Value has ranged from 11.25 to 22.02 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 Zenhoren Co 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. Zenhoren Co's current Net Current Asset Value is 円85.37, which is 413% above median its own 10-year median of 16.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zenhoren Co stock overvalued right now?
Based on GuruFocus' analysis, Zenhoren Co (TSE:5845) is currently considered Modestly Overvalued. The stock's GF Value™ is 円886.18, compared to a current price of 円1,016.00 — trading 14.6% above its estimated fair value. The current Net Current Asset Value is 円85.37, which is 413% above median its 10-year median of 16.64. Zenhoren Co's overall GF Score™ is 38/100 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 Zenhoren Co (TSE:5845), the current Net Current Asset Value is 円85.37 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 Zenhoren Co (TSE:5845) Overvalued in 2026?
Based on GuruFocus' analysis, Zenhoren Co stock appears to be overvalued.
The current stock price of 円1,016.00 is trading 14.6% above its estimated GF Value™ of 円886.18.
GuruFocus considers Zenhoren Co to be Modestly Overvalued.
Key valuation signals for TSE:5845:
Net Current Asset Value: 円85.37 (413% above median its 10-year median of 16.64)
GF Value™: 円886.18 vs. price of 円1,016.00 (14.6% above fair value)
No single metric tells the full story. See the TSE:5845 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zenhoren Co Ltd is engaged in the rent liability guarantee business, providing rent guarantee services for residential properties with coverage of up to 24 months rent, including monthly rent, moving-out settlement fees, and tenant accident expense insurance. For business use, the Z-Business NEO service covers stores and offices with guarantees up to 24 months rent. The company also offers guarantees for parking lots and trunk rooms, the Z-value service for combined rent guarantee and fire insurance via smartphone, and Z-WEB/Z-WEB2.0 for centralized management by real estate companies. In addition, Zenhoren provides Z-College Support (tuition guarantee), enabling vocational schools and students to pay tuition fees in installments.
38GF 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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