Two stone & SonsTSE:7352 +7.27%75 Net Current Asset Value is 円9.18 as of Feb. 2026, which is 100% below its 10-year median of 45.27. GuruFocus rates TSE:7352 with a GF Score™ of 75/100 and a GF Value™ of 円1,434.47 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 625 Business Services companies, Two stone & Sons ranks worse than 96.48% 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).
Two stone & Sons's net current asset value per share for the quarter that ended in Feb. 2026 was 円9.18.
The historical rank and industry rank for Two stone & Sons's Net Current Asset Value or its related term are showing as below:
TSE:7352'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 15.44 Med: 45.27 Max: 88.48
Current: 46.62
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Two stone & Sons was 88.48. The lowest was 15.44. And the median was 45.27.
TSE:7352's Price-to-Net-Current-Asset-Value is ranked worse than 96.48% of 625
companies
in the Business Services industry
Industry Median: 3.79
vs TSE:7352: 46.62
Two stone & Sons (TSE:7352) 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.
Two stone & Sons Net Current Asset Value Related Terms
Two stone & Sons Net Current Asset Value Historical Data
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The historical data trend for Two stone & Sons'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:7352 vs CTAS, CPRT, ULS: Net Current Asset Value Comparison
For the Specialty Business Services subindustry, Two stone & Sons'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.
Two stone & Sons Price-to-Net-Current-Asset-Value vs Business Services Industry
For the Business Services industry and Industrials sector, Two stone & Sons's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Two stone & Sons'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9.18 mean?
Two stone & Sons (TSE:7352) has a Net Current Asset Value of 円9.18 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 Two stone & Sons and its competitors. This is 80% below median its historical median of 45.27. Over the past decade, Two stone & Sons' Net Current Asset Value has ranged from 15.44 to 88.48. According to the industry distribution chart, Two stone & Sons ranks #603 out of 625 companies in the Business Services industry, placing it in the top 96.5%.
Is Two stone & Sons' Net Current Asset Value too high?
Two stone & Sons' current Net Current Asset Value of 円9.18 is 80% below median its 10-year median of 45.27. Over the past 10 years, this metric has ranged from a low of 15.44 to a high of 88.48. Based on the distribution chart, Two stone & Sons ranks #603 out of 625 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Two stone & Sons has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Two stone & Sons' Net Current Asset Value compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Two stone & Sons ranks #603 out of 625 companies for Net Current Asset Value. This places Two stone & Sons in the lower half of its industry. The industry median Net Current Asset Value is 3.79. Historically, Two stone & Sons' own Net Current Asset Value has ranged from 15.44 to 88.48 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 3.79, based on 625 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 Two stone & Sons and its competitors. For the Business Services industry, the median Net Current Asset Value is 3.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Two stone & Sons's current Net Current Asset Value is 円9.18, which is 80% below median its own 10-year median of 45.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Two stone & Sons stock overvalued right now?
Based on GuruFocus' analysis, Two stone & Sons (TSE:7352) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,434.47, compared to a current price of 円428.00 — trading 70.2% below its estimated fair value. The current Net Current Asset Value is 円9.18, which is 80% below median its 10-year median of 45.27. Two stone & Sons' overall GF Score™ is 75/100 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 Two stone & Sons (TSE:7352), the current Net Current Asset Value is 円9.18 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 Two stone & Sons (TSE:7352) Overvalued in 2026?
Based on GuruFocus' analysis, Two stone & Sons stock appears to be undervalued.
The current stock price of 円428.00 is trading 70.2% below its estimated GF Value™ of 円1,434.47.
GuruFocus considers Two stone & Sons to be Significantly Undervalued.
Key valuation signals for TSE:7352:
Net Current Asset Value: 円9.18 (80% below median its 10-year median of 45.27)
GF Value™: 円1,434.47 vs. price of 円428.00 (70.2% below fair value)
No single metric tells the full story. See the TSE:7352 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Two stone & Sons Inc is an engineering company providing engineering resources to companies, media businesses, and programming school businesses. The company develops services such as in-house media management and client solutions such as contract development.
75GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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