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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).
Nippon Filcon Co's net current asset value per share for the quarter that ended in May. 2026 was 円39.01.
The historical rank and industry rank for Nippon Filcon Co's Net Current Asset Value or its related term are showing as below:
TSE:5942'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.7 Med: 15.34 Max: 298.99
Current: 16.41
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Nippon Filcon Co was 298.99. The lowest was 7.70. And the median was 15.34.
TSE:5942's Price-to-Net-Current-Asset-Value is ranked worse than 83.09% of 2229
companies
in the Industrial Products industry
Industry Median: 5.24
vs TSE:5942: 16.41
Nippon Filcon Co (TSE:5942) 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.
Nippon Filcon Co Net Current Asset Value Related Terms
Nippon Filcon Co Net Current Asset Value Historical Data
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The historical data trend for Nippon Filcon 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:5942 vs GEV, ETN, PH: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, Nippon Filcon 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.
Nippon Filcon Co Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nippon Filcon Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Nippon Filcon 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39.01 mean?
Nippon Filcon Co (TSE:5942) has a Net Current Asset Value of 円39.01 as of May. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Nippon Filcon Co and its competitors. According to the industry distribution chart, Nippon Filcon Co ranks #1852 out of 2229 companies in the Industrial Products industry, placing it in the top 83.1%.
Is Nippon Filcon Co's Net Current Asset Value too high?
Nippon Filcon Co's current Net Current Asset Value is 円39.01. Based on the distribution chart, Nippon Filcon Co ranks #1852 out of 2229 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Nippon Filcon Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Filcon Co's Net Current Asset Value compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Nippon Filcon Co ranks #1852 out of 2229 companies for Net Current Asset Value. This places Nippon Filcon Co in the lower half of its industry. The industry median Net Current Asset Value is 5.24. 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 5.24, based on 2,229 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 Nippon Filcon Co and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Filcon Co's current Net Current Asset Value is 円39.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Filcon Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Filcon Co (TSE:5942) is currently considered Modestly Overvalued. The stock's GF Value™ is 円550.09, compared to a current price of 円640.00 — trading 16.3% above its estimated fair value. The current Net Current Asset Value is 円39.01. Nippon Filcon Co's overall GF Score™ is 65/100 with 3 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 Nippon Filcon Co (TSE:5942), the current Net Current Asset Value is 円39.01 as of May. 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 Nippon Filcon Co (TSE:5942) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Filcon Co stock appears to be overvalued.
The current stock price of 円640.00 is trading 16.3% above its estimated GF Value™ of 円550.09.
GuruFocus considers Nippon Filcon Co to be Modestly Overvalued.
Key valuation signals for TSE:5942:
Net Current Asset Value: 円39.01
GF Value™: 円550.09 vs. price of 円640.00 (16.3% above fair value)
No single metric tells the full story. See the TSE:5942 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Filcon Co Ltd is a Japan-based company. Its business activities are divided into four divisions including industrial functional filter business, electronic components business, environment and water treatment-related business and real estate leasing business. The company manufactures and sales precision processed products by photo fabrication and various other manufacturing methods. Its environment and water treatment-related business designs and sales water treatment equipment, environmental preservation equipment and various related equipment. Real estate leasing business leases and manages lodging, sports and entertainment facilities.
65GF Score
Get the complete analysis for TSE:5942
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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