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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).
Saikaya Department Store Co's net current asset value per share for the quarter that ended in Feb. 2026 was 円-1,521.13.
The historical rank and industry rank for Saikaya Department Store Co's Net Current Asset Value or its related term are showing as below:
TSE:8254's Price-to-Net-Current-Asset-Value is not ranked *
in the Retail - Cyclical industry.
Industry Median: 3.13 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Saikaya Department Store Co (TSE:8254) 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.
Saikaya Department Store Co Net Current Asset Value Related Terms
Saikaya Department Store Co Net Current Asset Value Historical Data
* 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.
Saikaya Department Store Co Net Current Asset Value Chart
TSE:8254 vs DDS, M: Net Current Asset Value Comparison
For the Department Stores subindustry, Saikaya Department Store 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.
Saikaya Department Store Co Price-to-Net-Current-Asset-Value vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Saikaya Department Store Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Saikaya Department Store 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-1,521.13 mean?
Saikaya Department Store Co (TSE:8254) has a Net Current Asset Value of 円-1,521.13 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 Saikaya Department Store Co and its competitors. According to the industry distribution chart, Saikaya Department Store Co ranks #999999 out of 559 companies in the Retail - Cyclical industry.
Is Saikaya Department Store Co's Net Current Asset Value too high?
Saikaya Department Store Co's current Net Current Asset Value is 円-1,521.13. Based on the distribution chart, Saikaya Department Store Co ranks #999999 out of 559 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Saikaya Department Store Co has a GF Score™ of 42/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Saikaya Department Store Co's Net Current Asset Value compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Saikaya Department Store Co ranks #999999 out of 559 companies for Net Current Asset Value. This places Saikaya Department Store Co in the lower half of its industry. The industry median Net Current Asset Value is 3.13. 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 3.13, 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 Saikaya Department Store Co and its competitors. For the Retail - Cyclical industry, the median Net Current Asset Value is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saikaya Department Store Co's current Net Current Asset Value is 円-1,521.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saikaya Department Store Co stock overvalued right now?
Based on GuruFocus' analysis, Saikaya Department Store Co (TSE:8254) is currently considered Modestly Undervalued. The stock's GF Value™ is 円327.07, compared to a current price of 円249.00 — trading 23.9% below its estimated fair value. The current Net Current Asset Value is 円-1,521.13. Saikaya Department Store Co's overall GF Score™ is 42/100 with 5 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 Saikaya Department Store Co (TSE:8254), the current Net Current Asset Value is 円-1,521.13 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 Saikaya Department Store Co (TSE:8254) Overvalued in 2026?
Based on GuruFocus' analysis, Saikaya Department Store Co stock appears to be undervalued.
The current stock price of 円249.00 is trading 23.9% below its estimated GF Value™ of 円327.07.
GuruFocus considers Saikaya Department Store Co to be Modestly Undervalued.
Key valuation signals for TSE:8254:
Net Current Asset Value: 円-1,521.13
GF Value™: 円327.07 vs. price of 円249.00 (23.9% below fair value)
No single metric tells the full story. See the TSE:8254 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saikaya Department Store Co Ltd formerly, Saikaya Co Ltd operates in the department stores industry. The company is engaged in the operation of department store chains in Kanagawa prefecture. It also operates a supermarket chain and real estate business.
42GF Score
Get the complete analysis for TSE:8254
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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