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Laox Holdings CoTSE:8202 48 Net Current Asset Value is 円128.50 as of Dec. 2025, which is 100% below its 10-year median of 1.72. GuruFocus rates TSE:8202 with a GF Score™ of 48/100 and a GF Value™ of 円212.97 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 559 Retail - Cyclical companies, Laox Holdings Co ranks worse than 178890.7% 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).
Laox Holdings Co's net current asset value per share for the quarter that ended in Dec. 2025 was 円128.50.
The historical rank and industry rank for Laox Holdings Co's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Laox Holdings Co was 5.21. The lowest was 1.15. And the median was 1.72.
TSE:8202's Price-to-Net-Current-Asset-Value is not ranked *
in the Retail - Cyclical industry.
Industry Median: 3.09 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Laox Holdings Co (TSE:8202) 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.
Laox Holdings Co Net Current Asset Value Related Terms
Laox Holdings Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Laox Holdings 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:8202 vs CASY, WSM, DKS: Net Current Asset Value Comparison
For the Specialty Retail subindustry, Laox Holdings 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.
Laox Holdings Co Price-to-Net-Current-Asset-Value vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Laox Holdings Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Laox Holdings 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128.50 mean?
Laox Holdings Co (TSE:8202) has a Net Current Asset Value of 円128.50 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Laox Holdings Co and its competitors. This is 7371% above median its historical median of 1.72. Over the past decade, Laox Holdings Co's Net Current Asset Value has ranged from 1.15 to 5.21. According to the industry distribution chart, Laox Holdings Co ranks #999999 out of 559 companies in the Retail - Cyclical industry.
Is Laox Holdings Co's Net Current Asset Value too high?
Laox Holdings Co's current Net Current Asset Value of 円128.50 is 7371% above median its 10-year median of 1.72. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 5.21. Based on the distribution chart, Laox Holdings Co ranks #999999 out of 559 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Laox Holdings Co has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Laox Holdings Co's Net Current Asset Value compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Laox Holdings Co ranks #999999 out of 559 companies for Net Current Asset Value. This places Laox Holdings Co in the lower half of its industry. The industry median Net Current Asset Value is 3.09. Historically, Laox Holdings Co's own Net Current Asset Value has ranged from 1.15 to 5.21 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 - Cyclical company?
The median Net Current Asset Value among Retail - Cyclical companies is 3.09, based on 559 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 Laox Holdings Co and its competitors. For the Retail - Cyclical industry, the median Net Current Asset Value is 3.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Laox Holdings Co's current Net Current Asset Value is 円128.50, which is 7371% above median its own 10-year median of 1.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Laox Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Laox Holdings Co (TSE:8202) is currently considered Possible Value Trap. The stock's GF Value™ is 円212.97, compared to a current price of 円148.00 — trading 30.5% below its estimated fair value. The current Net Current Asset Value is 円128.50, which is 7371% above median its 10-year median of 1.72. Laox Holdings Co's overall GF Score™ is 48/100 with 8 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 Laox Holdings Co (TSE:8202), the current Net Current Asset Value is 円128.50 as of Dec. 2025. 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 Laox Holdings Co (TSE:8202) Overvalued in 2026?
Based on GuruFocus' analysis, Laox Holdings Co stock appears to be undervalued.
The current stock price of 円148.00 is trading 30.5% below its estimated GF Value™ of 円212.97.
GuruFocus considers Laox Holdings Co to be Possible Value Trap.
Key valuation signals for TSE:8202:
Net Current Asset Value: 円128.50 (7371% above median its 10-year median of 1.72)
GF Value™: 円212.97 vs. price of 円148.00 (30.5% below fair value)
No single metric tells the full story. See the TSE:8202 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Laox Holdings Co Ltd is a Japan-based Duty-Free store company. It is engaged in the Gift Solutions, Retail, Trading, and Asset Services. The Retail business includes various products which it sells in real stores and through online sales, Gift Solutions business consists Sales of gift items and lifestyle-related products, and others. The Trading business through the import and export of private label products, etc., and Asset Services Business involves the operation and management of mixed-use commercial facilities, real estate sales and brokerage, and rental property management.
48GF Score
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