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Kuwazawa HoldingsTSE:8104 +1.93%72 Net Current Asset Value is 円519.03 as of Mar. 2026, which is 100% below its 10-year median of 2.48. GuruFocus rates TSE:8104 with a GF Score™ of 72/100 and a GF Value™ of 円608.31 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 179 Building Materials companies, Kuwazawa Holdings ranks better than 86.03% 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).
Kuwazawa Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was 円519.03.
The historical rank and industry rank for Kuwazawa Holdings's Net Current Asset Value or its related term are showing as below:
TSE:8104'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.1 Med: 2.48 Max: 14.19
Current: 1.32
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kuwazawa Holdings was 14.19. The lowest was 1.10. And the median was 2.48.
TSE:8104's Price-to-Net-Current-Asset-Value is ranked better than 86.03% of 179
companies
in the Building Materials industry
Industry Median: 3.91
vs TSE:8104: 1.32
Kuwazawa Holdings (TSE:8104) 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.
Kuwazawa Holdings Net Current Asset Value Related Terms
Kuwazawa Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Kuwazawa Holdings'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:8104 vs CRH, VMC, MLM: Net Current Asset Value Comparison
For the Building Materials subindustry, Kuwazawa Holdings'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.
Kuwazawa Holdings Price-to-Net-Current-Asset-Value vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Kuwazawa Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kuwazawa Holdings'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519.03 mean?
Kuwazawa Holdings (TSE:8104) has a Net Current Asset Value of 円519.03 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 Kuwazawa Holdings and its competitors. This is 20829% above median its historical median of 2.48. Over the past decade, Kuwazawa Holdings' Net Current Asset Value has ranged from 1.10 to 14.19. According to the industry distribution chart, Kuwazawa Holdings ranks #25 out of 179 companies in the Building Materials industry, placing it in the top 14%.
Is Kuwazawa Holdings' Net Current Asset Value too high?
Kuwazawa Holdings' current Net Current Asset Value of 円519.03 is 20829% above median its 10-year median of 2.48. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 14.19. Based on the distribution chart, Kuwazawa Holdings ranks #25 out of 179 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Kuwazawa Holdings has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kuwazawa Holdings' Net Current Asset Value compare to CRH and VMC?
According to the Building Materials industry distribution chart, Kuwazawa Holdings ranks #25 out of 179 companies for Net Current Asset Value. This places Kuwazawa Holdings in the top 14% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.91. Historically, Kuwazawa Holdings' own Net Current Asset Value has ranged from 1.10 to 14.19 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 Building Materials company?
The median Net Current Asset Value among Building Materials companies is 3.91, based on 179 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 Kuwazawa Holdings and its competitors. For the Building Materials industry, the median Net Current Asset Value is 3.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kuwazawa Holdings's current Net Current Asset Value is 円519.03, which is 20829% above median its own 10-year median of 2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuwazawa Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kuwazawa Holdings (TSE:8104) is currently considered Modestly Overvalued. The stock's GF Value™ is 円608.31, compared to a current price of 円685.00 — trading 12.6% above its estimated fair value. The current Net Current Asset Value is 円519.03, which is 20829% above median its 10-year median of 2.48. Kuwazawa Holdings' overall GF Score™ is 72/100 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 Kuwazawa Holdings (TSE:8104), the current Net Current Asset Value is 円519.03 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 Kuwazawa Holdings (TSE:8104) Overvalued in 2026?
Based on GuruFocus' analysis, Kuwazawa Holdings stock appears to be overvalued.
The current stock price of 円685.00 is trading 12.6% above its estimated GF Value™ of 円608.31.
GuruFocus considers Kuwazawa Holdings to be Modestly Overvalued.
Key valuation signals for TSE:8104:
Net Current Asset Value: 円519.03 (20829% above median its 10-year median of 2.48)
GF Value™: 円608.31 vs. price of 円685.00 (12.6% above fair value)
No single metric tells the full story. See the TSE:8104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kuwazawa Holdings Corp operates in the construction industry. The company is engaged in the sale of construction materials, such as cement, concrete, pile, concrete products, concrete admixture, shelf, water materials, general steel products, and others. It also has a leasing business.
72GF Score
Get the complete analysis for TSE:8104
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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