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MeiwaTSE:8103 -1.00%78 Net Current Asset Value is 円492.84 as of Mar. 2026, which is 100% below its 10-year median of 1.35. GuruFocus rates TSE:8103 with a GF Score™ of 78/100 and a GF Value™ of 円755.74 (Modestly Overvalued). Among 105 Industrial Distribution companies, Meiwa ranks better than 61.9% 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).
Meiwa's net current asset value per share for the quarter that ended in Mar. 2026 was 円492.84.
The historical rank and industry rank for Meiwa's Net Current Asset Value or its related term are showing as below:
TSE:8103'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.18 Med: 1.35 Max: 2.07
Current: 1.81
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Meiwa was 2.07. The lowest was 1.18. And the median was 1.35.
TSE:8103's Price-to-Net-Current-Asset-Value is ranked better than 61.9% of 105
companies
in the Industrial Distribution industry
Industry Median: 2.62
vs TSE:8103: 1.81
Meiwa (TSE:8103) 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.
Meiwa Net Current Asset Value Related Terms
Meiwa Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Meiwa'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:8103 vs GWW, FAST, FERG: Net Current Asset Value Comparison
For the Industrial Distribution subindustry, Meiwa'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.
Meiwa Price-to-Net-Current-Asset-Value vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Meiwa's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Meiwa'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492.84 mean?
Meiwa (TSE:8103) has a Net Current Asset Value of 円492.84 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 Meiwa and its competitors. This is 36407% above median its historical median of 1.35. Over the past decade, Meiwa's Net Current Asset Value has ranged from 1.18 to 2.07. According to the industry distribution chart, Meiwa ranks #40 out of 105 companies in the Industrial Distribution industry, placing it in the top 38.1%.
Is Meiwa's Net Current Asset Value too high?
Meiwa's current Net Current Asset Value of 円492.84 is 36407% above median its 10-year median of 1.35. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 2.07. Based on the distribution chart, Meiwa ranks #40 out of 105 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, Meiwa has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meiwa's Net Current Asset Value compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Meiwa ranks #40 out of 105 companies for Net Current Asset Value. This puts Meiwa in the upper half of its industry. The industry median Net Current Asset Value is 2.62. Historically, Meiwa's own Net Current Asset Value has ranged from 1.18 to 2.07 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 Distribution company?
The median Net Current Asset Value among Industrial Distribution companies is 2.62, based on 105 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 Meiwa and its competitors. For the Industrial Distribution industry, the median Net Current Asset Value is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiwa's current Net Current Asset Value is 円492.84, which is 36407% above median its own 10-year median of 1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiwa stock overvalued right now?
Based on GuruFocus' analysis, Meiwa (TSE:8103) is currently considered Modestly Overvalued. The stock's GF Value™ is 円755.74, compared to a current price of 円895.00 — trading 18.4% above its estimated fair value. The current Net Current Asset Value is 円492.84, which is 36407% above median its 10-year median of 1.35. Meiwa's overall GF Score™ is 78/100. 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 Meiwa (TSE:8103), the current Net Current Asset Value is 円492.84 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 Meiwa (TSE:8103) Overvalued in 2026?
Based on GuruFocus' analysis, Meiwa stock appears to be overvalued.
The current stock price of 円895.00 is trading 18.4% above its estimated GF Value™ of 円755.74.
GuruFocus considers Meiwa to be Modestly Overvalued.
Key valuation signals for TSE:8103:
Net Current Asset Value: 円492.84 (36407% above median its 10-year median of 1.35)
GF Value™: 円755.74 vs. price of 円895.00 (18.4% above fair value)
No single metric tells the full story. See the TSE:8103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meiwa Corp is a Japan-based company. Along with its subsidiaries, the company operates in the following reportable segments: First Business, Second Business, Third Business, Battery and Automotive Business Division, and Others. Maximum revenue for the group is generated from the Third Business segment, which offers film products, papermaking chemicals, adhesives, synthetic resin raw materials, synthetic resin products, and inorganic chemicals. The First Business is engaged in trading earths and rare metals, flame retardants, heat insulation, waterproofing, and interior materials. Second Business represents its petroleum products business, covering lubricants to base oil, and additives, and the Battery and Automotive division invests in battery materials and offers automotive parts.
78GF Score
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