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Hanwa CoTSE:8078 74 Net Current Asset Value is 円737.83 as of Mar. 2026, which is 100% below its 10-year median of 2.16. GuruFocus rates TSE:8078 with a GF Score™ of 74/100 and a GF Value™ of 円1,166.96 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 218 Conglomerates companies, Hanwa Co ranks better than 67.43% 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).
Hanwa Co's net current asset value per share for the quarter that ended in Mar. 2026 was 円737.83.
The historical rank and industry rank for Hanwa Co's Net Current Asset Value or its related term are showing as below:
TSE:8078'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.63 Med: 2.16 Max: 11.51
Current: 2.31
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hanwa Co was 11.51. The lowest was 1.63. And the median was 2.16.
TSE:8078's Price-to-Net-Current-Asset-Value is ranked better than 67.43% of 218
companies
in the Conglomerates industry
Industry Median: 4.155
vs TSE:8078: 2.31
Hanwa Co (TSE:8078) 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.
Hanwa Co Net Current Asset Value Related Terms
Hanwa Co Net Current Asset Value Historical Data
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The historical data trend for Hanwa 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:8078 vs MMM, HON: Net Current Asset Value Comparison
For the Conglomerates subindustry, Hanwa 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.
Hanwa Co Price-to-Net-Current-Asset-Value vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Hanwa Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hanwa 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737.83 mean?
Hanwa Co (TSE:8078) has a Net Current Asset Value of 円737.83 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Hanwa Co and its competitors. This is 34059% above median its historical median of 2.16. Over the past decade, Hanwa Co's Net Current Asset Value has ranged from 1.63 to 11.51. According to the industry distribution chart, Hanwa Co ranks #71 out of 218 companies in the Conglomerates industry, placing it in the top 32.6%.
Is Hanwa Co's Net Current Asset Value too high?
Hanwa Co's current Net Current Asset Value of 円737.83 is 34059% above median its 10-year median of 2.16. Over the past 10 years, this metric has ranged from a low of 1.63 to a high of 11.51. Based on the distribution chart, Hanwa Co ranks #71 out of 218 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Hanwa Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hanwa Co's Net Current Asset Value compare to MMM and HON?
According to the Conglomerates industry distribution chart, Hanwa Co ranks #71 out of 218 companies for Net Current Asset Value. This puts Hanwa Co in the upper half of its industry. The industry median Net Current Asset Value is 4.16. Historically, Hanwa Co's own Net Current Asset Value has ranged from 1.63 to 11.51 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 Conglomerates company?
The median Net Current Asset Value among Conglomerates companies is 4.16, based on 218 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 Hanwa Co and its competitors. For the Conglomerates industry, the median Net Current Asset Value is 4.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hanwa Co's current Net Current Asset Value is 円737.83, which is 34059% above median its own 10-year median of 2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hanwa Co stock overvalued right now?
Based on GuruFocus' analysis, Hanwa Co (TSE:8078) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,166.96, compared to a current price of 円1,701.00 — trading 45.8% above its estimated fair value. The current Net Current Asset Value is 円737.83, which is 34059% above median its 10-year median of 2.16. Hanwa Co's overall GF Score™ is 74/100 with 3 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 Hanwa Co (TSE:8078), the current Net Current Asset Value is 円737.83 as of Mar. 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 Hanwa Co (TSE:8078) Overvalued in 2026?
Based on GuruFocus' analysis, Hanwa Co stock appears to be overvalued.
The current stock price of 円1,701.00 is trading 45.8% above its estimated GF Value™ of 円1,166.96.
GuruFocus considers Hanwa Co to be Significantly Overvalued.
Key valuation signals for TSE:8078:
Net Current Asset Value: 円737.83 (34059% above median its 10-year median of 2.16)
GF Value™: 円1,166.96 vs. price of 円1,701.00 (45.8% above fair value)
No single metric tells the full story. See the TSE:8078 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hanwa Co Ltd is a Japan-based trading company with seven segments. The steel segment handles steel products and building materials. The metals and alloys segment supplies chromium, manganese, and other metals. The nonferrous metals segment recycles aluminum, copper, nickel, and chromium. The food products segment handles seafood. The petroleum and chemicals segment trades petroleum products and others. The overseas sales subsidiaries segment comprises Hanwa's overseas subsidiaries in North America and Asia. The other business segment imports forest products and handles amusement facilities and industrial machinery. Steel, petroleum and chemicals, and metals and alloys are the three largest segments by revenue contribution. Hanwa generates most of its revenue from Japanese domestic market.
74GF 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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