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AqualineTSE:6173 21 Net Current Asset Value is 円6.85 as of Feb. 2026, which is 100% below its 10-year median of 4.74. GuruFocus rates TSE:6173 with a GF Score™ of 21/100 and a GF Value™ of 円44.42 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 626 Business Services companies, Aqualine ranks better than 75.08% 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).
Aqualine's net current asset value per share for the quarter that ended in Feb. 2026 was 円6.85.
The historical rank and industry rank for Aqualine's Net Current Asset Value or its related term are showing as below:
TSE:6173'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.9 Med: 4.74 Max: 25.55
Current: 1.9
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of Aqualine was 25.55. The lowest was 1.90. And the median was 4.74.
TSE:6173's Price-to-Net-Current-Asset-Value is ranked better than 75.08% of 626
companies
in the Business Services industry
Industry Median: 3.68
vs TSE:6173: 1.90
Aqualine (TSE:6173) 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.
Aqualine Net Current Asset Value Related Terms
Aqualine Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Aqualine'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:6173 vs CTAS, CPRT, GPN: Net Current Asset Value Comparison
For the Specialty Business Services subindustry, Aqualine'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.
Aqualine Price-to-Net-Current-Asset-Value vs Business Services Industry
For the Business Services industry and Industrials sector, Aqualine's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Aqualine'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6.85 mean?
Aqualine (TSE:6173) has a Net Current Asset Value of 円6.85 as of Feb. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Aqualine and its competitors. This is 45% above median its historical median of 4.74. Over the past decade, Aqualine's Net Current Asset Value has ranged from 1.90 to 25.55. According to the industry distribution chart, Aqualine ranks #156 out of 626 companies in the Business Services industry, placing it in the top 24.9%.
Is Aqualine's Net Current Asset Value too high?
Aqualine's current Net Current Asset Value of 円6.85 is 45% above median its 10-year median of 4.74. Over the past 10 years, this metric has ranged from a low of 1.90 to a high of 25.55. Based on the distribution chart, Aqualine ranks #156 out of 626 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Aqualine has a GF Score™ of 21/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Aqualine's Net Current Asset Value compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Aqualine ranks #156 out of 626 companies for Net Current Asset Value. This places Aqualine in the top 25% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.68. Historically, Aqualine's own Net Current Asset Value has ranged from 1.90 to 25.55 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 3.68, based on 626 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 Aqualine and its competitors. For the Business Services industry, the median Net Current Asset Value is 3.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aqualine's current Net Current Asset Value is 円6.85, which is 45% above median its own 10-year median of 4.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aqualine stock overvalued right now?
Based on GuruFocus' analysis, Aqualine (TSE:6173) is currently considered Possible Value Trap. The stock's GF Value™ is 円44.42, compared to a current price of 円13.00 — trading 70.7% below its estimated fair value. The current Net Current Asset Value is 円6.85, which is 45% above median its 10-year median of 4.74. Aqualine's overall GF Score™ is 21/100 with 10 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 Aqualine (TSE:6173), the current Net Current Asset Value is 円6.85 as of Feb. 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 Aqualine (TSE:6173) Overvalued in 2026?
Based on GuruFocus' analysis, Aqualine stock appears to be undervalued.
The current stock price of 円13.00 is trading 70.7% below its estimated GF Value™ of 円44.42.
GuruFocus considers Aqualine to be Possible Value Trap.
Key valuation signals for TSE:6173:
Net Current Asset Value: 円6.85 (45% above median its 10-year median of 4.74)
GF Value™: 円44.42 vs. price of 円13.00 (70.7% below fair value)
No single metric tells the full story. See the TSE:6173 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aqualine Ltd is engaged in the repair of water supply products. The company operates in three reportable segments. The Water-related Service Support Business provides support to franchisees, including call center operations for emergency water-related trouble repairs and response, sales and installation of water-related products, and other repair work. The Advertising Media Business sells internet advertising in the field of emergency care. The Mineral Water Business involves the sale of mineral water and the handling of water dispensers. It generates the majority of its revenue from the Water-related Service Support Business segment.
21GF Score
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