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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).
Nissei Plastic Industrial Co's net current asset value per share for the quarter that ended in Sep. 2025 was 円710.13.
The historical rank and industry rank for Nissei Plastic Industrial Co's Net Current Asset Value or its related term are showing as below:
TSE:6293'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.84 Med: 1.11 Max: 1.87
Current: 1.47
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Nissei Plastic Industrial Co was 1.87. The lowest was 0.84. And the median was 1.11.
TSE:6293's Price-to-Net-Current-Asset-Value is not ranked
in the Industrial Products industry.
Industry Median: 5.165
vs TSE:6293: 1.47
Nissei Plastic Industrial Co (TSE:6293) 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.
Nissei Plastic Industrial Co Net Current Asset Value Related Terms
Nissei Plastic Industrial Co Net Current Asset Value Historical Data
* 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.
Nissei Plastic Industrial Co Net Current Asset Value Chart
TSE:6293 vs GEV, ETN, PH: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, Nissei Plastic Industrial 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.
Nissei Plastic Industrial Co Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nissei Plastic Industrial Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Nissei Plastic Industrial 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710.13 mean?
Nissei Plastic Industrial Co (TSE:6293) has a Net Current Asset Value of 円710.13 as of Sep. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Nissei Plastic Industrial Co and its competitors. This is 63876% above median its historical median of 1.11. Over the past decade, Nissei Plastic Industrial Co's Net Current Asset Value has ranged from 0.84 to 1.87.
Is Nissei Plastic Industrial Co's Net Current Asset Value too high?
Nissei Plastic Industrial Co's current Net Current Asset Value of 円710.13 is 63876% above median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 1.87. Overall, Nissei Plastic Industrial Co has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Nissei Plastic Industrial Co's Net Current Asset Value compare to GEV and ETN?
Nissei Plastic Industrial Co's Net Current Asset Value of 円710.13 can be compared against companies in the Industrial Products industry. The industry median Net Current Asset Value is 5.17. Historically, Nissei Plastic Industrial Co's own Net Current Asset Value has ranged from 0.84 to 1.87 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 an Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.17, based on 2,214 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 Nissei Plastic Industrial Co and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nissei Plastic Industrial Co's current Net Current Asset Value is 円710.13, which is 63876% above median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nissei Plastic Industrial Co stock overvalued right now?
Nissei Plastic Industrial Co (TSE:6293) has a current Net Current Asset Value of 円710.13. The stock's GF Value™ is 円943.08, compared to a current price of 円873.00 — trading 7.4% below its estimated fair value. The current Net Current Asset Value is 円710.13, which is 63876% above median its 10-year median of 1.11. Nissei Plastic Industrial Co's overall GF Score™ is 44/100 with 8 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 Nissei Plastic Industrial Co (TSE:6293), the current Net Current Asset Value is 円710.13 as of Sep. 2025. 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 Nissei Plastic Industrial Co (TSE:6293) Overvalued in 2026?
Based on GuruFocus' analysis, Nissei Plastic Industrial Co stock appears to be undervalued.
The current stock price of 円873.00 is trading 7.4% below its estimated GF Value™ of 円943.08.
Key valuation signals for TSE:6293:
Net Current Asset Value: 円710.13 (63876% above median its 10-year median of 1.11)
GF Value™: 円943.08 vs. price of 円873.00 (7.4% below fair value)
No single metric tells the full story. See the TSE:6293 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nissei Plastic Industrial Co Ltd is an injection molding machine manufacturer. Its products made by injection molding machines are used to provide food, medical care, and a variety of other goods to consumers around the world. The company's products include Horizontal Injection Molding Machine, Vertical Injection Molding Machine, Special Injection Molding Machine, and Quality & Production Control System.
44GF Score
Get the complete analysis for TSE:6293
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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