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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).
Japan Power Fastening Co's net current asset value per share for the quarter that ended in Jun. 2026 was 円57.63.
The historical rank and industry rank for Japan Power Fastening Co's Net Current Asset Value or its related term are showing as below:
TSE:5950'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.4 Med: 1.86 Max: 5.73
Current: 2.62
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Japan Power Fastening Co was 5.73. The lowest was 1.40. And the median was 1.86.
TSE:5950's Price-to-Net-Current-Asset-Value is ranked better than 74.79% of 2229
companies
in the Industrial Products industry
Industry Median: 5.29
vs TSE:5950: 2.62
Japan Power Fastening Co (TSE:5950) 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.
Japan Power Fastening Co Net Current Asset Value Related Terms
Japan Power Fastening Co Net Current Asset Value Historical Data
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The historical data trend for Japan Power Fastening 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.
Japan Power Fastening Co Net Current Asset Value Chart
TSE:5950 vs SNA, RBC, LECO: Net Current Asset Value Comparison
For the Tools & Accessories subindustry, Japan Power Fastening 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.
Japan Power Fastening Co Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Japan Power Fastening Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Japan Power Fastening 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57.63 mean?
Japan Power Fastening Co (TSE:5950) has a Net Current Asset Value of 円57.63 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 Japan Power Fastening Co and its competitors. According to the industry distribution chart, Japan Power Fastening Co ranks #562 out of 2229 companies in the Industrial Products industry, placing it in the top 25.2%.
Is Japan Power Fastening Co's Net Current Asset Value too high?
Japan Power Fastening Co's current Net Current Asset Value is 円57.63. Based on the distribution chart, Japan Power Fastening Co ranks #562 out of 2229 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Japan Power Fastening Co has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Japan Power Fastening Co's Net Current Asset Value compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Japan Power Fastening Co ranks #562 out of 2229 companies for Net Current Asset Value. This puts Japan Power Fastening Co in the upper half of its industry. The industry median Net Current Asset Value is 5.29. 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 5.29, 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 Japan Power Fastening Co and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Power Fastening Co's current Net Current Asset Value is 円57.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Power Fastening Co stock overvalued right now?
Based on GuruFocus' analysis, Japan Power Fastening Co (TSE:5950) is currently considered Modestly Undervalued. The stock's GF Value™ is 円207.95, compared to a current price of 円151.00 — trading 27.4% below its estimated fair value. The current Net Current Asset Value is 円57.63. Japan Power Fastening Co's overall GF Score™ is 55/100 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 Japan Power Fastening Co (TSE:5950), the current Net Current Asset Value is 円57.63 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 Japan Power Fastening Co (TSE:5950) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Power Fastening Co stock appears to be undervalued.
The current stock price of 円151.00 is trading 27.4% below its estimated GF Value™ of 円207.95.
GuruFocus considers Japan Power Fastening Co to be Modestly Undervalued.
Key valuation signals for TSE:5950:
Net Current Asset Value: 円57.63
GF Value™: 円207.95 vs. price of 円151.00 (27.4% below fair value)
No single metric tells the full story. See the TSE:5950 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Power Fastening Co., Ltd. is a Japanese manufacturer of fasteners and related tools. The company operates through segments including Construction Fasteners and Tools, Automobile and Home Appliance Parts, and Others. Its construction fastener and tool business supplies products used in building and civil engineering work, while its automobile and home appliance parts segment provides fastening components to manufacturers in those industries. The company serves construction contractors, industrial manufacturers, and other business customers, primarily in Japan. Its revenue comes from the sale of manufactured fasteners, tools, and precision parts, with the automotive and appliance parts business representing a significant portion of its operations alongside its traditional construction fastener business.
55GF Score
Get the complete analysis for TSE:5950
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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