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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Three F CoTSE:7544 74 Net Current Asset Value is 円461.45 as of Feb. 2026, which is 100% below its 10-year median of 0.89. GuruFocus rates TSE:7544 with a GF Score™ of 74/100 and a GF Value™ of 円478.93 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 135 Retail - Defensive companies, Three F Co ranks better than 83.7% 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).
Three F Co's net current asset value per share for the quarter that ended in Feb. 2026 was 円461.45.
The historical rank and industry rank for Three F Co's Net Current Asset Value or its related term are showing as below:
TSE:7544'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.76 Med: 0.89 Max: 1.24
Current: 1.21
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Three F Co was 1.24. The lowest was 0.76. And the median was 0.89.
TSE:7544's Price-to-Net-Current-Asset-Value is ranked better than 83.7% of 135
companies
in the Retail - Defensive industry
Industry Median: 3.32
vs TSE:7544: 1.21
Three F Co (TSE:7544) 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.
Three F Co Net Current Asset Value Related Terms
Three F Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Three F 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.
TSE:7544 vs KR: Net Current Asset Value Comparison
For the Grocery Stores subindustry, Three F 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.
Three F Co Price-to-Net-Current-Asset-Value vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Three F Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Three F 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461.45 mean?
Three F Co (TSE:7544) has a Net Current Asset Value of 円461.45 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 Three F Co and its competitors. This is 51748% above median its historical median of 0.89. Over the past decade, Three F Co's Net Current Asset Value has ranged from 0.76 to 1.24. According to the industry distribution chart, Three F Co ranks #22 out of 135 companies in the Retail - Defensive industry, placing it in the top 16.3%.
Is Three F Co's Net Current Asset Value too high?
Three F Co's current Net Current Asset Value of 円461.45 is 51748% above median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 1.24. Based on the distribution chart, Three F Co ranks #22 out of 135 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Three F Co has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Three F Co's Net Current Asset Value compare to KR?
According to the Retail - Defensive industry distribution chart, Three F Co ranks #22 out of 135 companies for Net Current Asset Value. This places Three F Co in the top 16% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.32. Historically, Three F Co's own Net Current Asset Value has ranged from 0.76 to 1.24 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 Retail - Defensive company?
The median Net Current Asset Value among Retail - Defensive companies is 3.32, based on 135 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 Three F Co and its competitors. For the Retail - Defensive industry, the median Net Current Asset Value is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Three F Co's current Net Current Asset Value is 円461.45, which is 51748% above median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Three F Co stock overvalued right now?
Based on GuruFocus' analysis, Three F Co (TSE:7544) is currently considered Modestly Overvalued. The stock's GF Value™ is 円478.93, compared to a current price of 円560.00 — trading 16.9% above its estimated fair value. The current Net Current Asset Value is 円461.45, which is 51748% above median its 10-year median of 0.89. Three F Co's overall GF Score™ is 74/100 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 Three F Co (TSE:7544), the current Net Current Asset Value is 円461.45 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 Three F Co (TSE:7544) Overvalued in 2026?
Based on GuruFocus' analysis, Three F Co stock appears to be overvalued.
The current stock price of 円560.00 is trading 16.9% above its estimated GF Value™ of 円478.93.
GuruFocus considers Three F Co to be Modestly Overvalued.
Key valuation signals for TSE:7544:
Net Current Asset Value: 円461.45 (51748% above median its 10-year median of 0.89)
GF Value™: 円478.93 vs. price of 円560.00 (16.9% above fair value)
No single metric tells the full story. See the TSE:7544 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Three F Co Ltd is engaged in the management of convenience and franchise stores. The company operates stores under the brand name Gooz across Japan which offers fast food such as bakery, box lunch, rice ball and beverages. Its product portfolio includes Yakitori, Chilled Bento, Mochi Potigo, Pork tangerue skewers, Chicken-nosed skewer, Char-grilled salt and skewers, Chicken Tsune, Black Mer Oil Fried Rice, Mozzarella with cream sauce Chicken lunch box, chicken fried chicken and vegetables with black vinegar sauce Lunchbox, Five kinds of cheese in hamburger lunch box, Beef Calbee Grilled Meat Packed Bento, Rice strawberry white chocolate, Mochi Potato Black Honey Kinako, Mustard, Rice cakey and cream Popular cookie.
74GF Score
Get the complete analysis for TSE:7544
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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