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Kyowa Electronic Instruments CoTSE:6853 -2.35%71 Net Current Asset Value is 円389.74 as of Dec. 2025, which is 100% below its 10-year median of 1.26. GuruFocus rates TSE:6853 with a GF Score™ of 71/100 and a GF Value™ of 円497.38 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,846 Hardware companies, Kyowa Electronic Instruments Co ranks better than 80.55% 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).
The historical rank and industry rank for Kyowa Electronic Instruments Co's Net Current Asset Value or its related term are showing as below:
TSE:6853'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1 Med: 1.26 Max: 1.97
Current: 1.9
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kyowa Electronic Instruments Co was 1.97. The lowest was 1.00. And the median was 1.26.
TSE:6853's Price-to-Net-Current-Asset-Value is ranked better than 80.55% of 1846
companies
in the Hardware industry
Industry Median: 5.16
vs TSE:6853: 1.90
Kyowa Electronic Instruments Co (TSE:6853) 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.
Kyowa Electronic Instruments Co Net Current Asset Value Related Terms
Kyowa Electronic Instruments 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.
Kyowa Electronic Instruments Co Net Current Asset Value Chart
TSE:6853 vs COHR, KEYS, GRMN: Net Current Asset Value Comparison
For the Scientific & Technical Instruments subindustry, Kyowa Electronic Instruments 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.
Kyowa Electronic Instruments Co Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Kyowa Electronic Instruments Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kyowa Electronic Instruments 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389.74 mean?
Kyowa Electronic Instruments Co (TSE:6853) has a Net Current Asset Value of 円389.74 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Kyowa Electronic Instruments Co and its competitors. This is 30832% above median its historical median of 1.26. Over the past decade, Kyowa Electronic Instruments Co's Net Current Asset Value has ranged from 1.00 to 1.97. According to the industry distribution chart, Kyowa Electronic Instruments Co ranks #359 out of 1846 companies in the Hardware industry, placing it in the top 19.4%.
Is Kyowa Electronic Instruments Co's Net Current Asset Value too high?
Kyowa Electronic Instruments Co's current Net Current Asset Value of 円389.74 is 30832% above median its 10-year median of 1.26. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 1.97. Based on the distribution chart, Kyowa Electronic Instruments Co ranks #359 out of 1846 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Kyowa Electronic Instruments Co has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kyowa Electronic Instruments Co's Net Current Asset Value compare to COHR and KEYS?
According to the Hardware industry distribution chart, Kyowa Electronic Instruments Co ranks #359 out of 1846 companies for Net Current Asset Value. This places Kyowa Electronic Instruments Co in the top 19% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.16. Historically, Kyowa Electronic Instruments Co's own Net Current Asset Value has ranged from 1.00 to 1.97 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.16, based on 1,846 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 Kyowa Electronic Instruments Co and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kyowa Electronic Instruments Co's current Net Current Asset Value is 円389.74, which is 30832% above median its own 10-year median of 1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kyowa Electronic Instruments Co stock overvalued right now?
Based on GuruFocus' analysis, Kyowa Electronic Instruments Co (TSE:6853) is currently considered Significantly Overvalued. The stock's GF Value™ is 円497.38, compared to a current price of 円748.00 — trading 50.4% above its estimated fair value. The current Net Current Asset Value is 円389.74, which is 30832% above median its 10-year median of 1.26. Kyowa Electronic Instruments Co's overall GF Score™ is 71/100 with 1 warning sign 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 Kyowa Electronic Instruments Co (TSE:6853), the current Net Current Asset Value is 円389.74 as of Dec. 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 Kyowa Electronic Instruments Co (TSE:6853) Overvalued in 2026?
Based on GuruFocus' analysis, Kyowa Electronic Instruments Co stock appears to be overvalued.
The current stock price of 円748.00 is trading 50.4% above its estimated GF Value™ of 円497.38.
GuruFocus considers Kyowa Electronic Instruments Co to be Significantly Overvalued.
Key valuation signals for TSE:6853:
Net Current Asset Value: 円389.74 (30832% above median its 10-year median of 1.26)
GF Value™: 円497.38 vs. price of 円748.00 (50.4% above fair value)
No single metric tells the full story. See the TSE:6853 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kyowa Electronic Instruments Co Business Description
Kyowa Electronic Instruments Co Ltd is engaged in the manufacturing and distribution of stress measurement devices in experimental research fields of government offices, corporations, and universities. It is also involved in the manufacturing and distribution of various measurement devices for civil engineering and construction. In addition to product and system development, design and fabrication, the company also offers a comprehensive services from proposals for measurement technology tailored to specific issues to technical support and maintenance. It mainly serves the government and municipal offices, national, public, and private universities, construction industry, textile/ chemical industry, petroleum industry, and rubber industry.
71GF Score
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