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Tokyo Metro CoTSE:9023 +0.27%9 Net Current Asset Value is 円-1,723.17 as of Mar. 2026. GuruFocus rates TSE:9023 with a GF Score™ of 9/100. The stock has 3 warning signs investors should review. Among 361 Transportation companies, Tokyo Metro Co ranks worse than 277008.03% 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).
Tokyo Metro Co's net current asset value per share for the quarter that ended in Mar. 2026 was 円-1,723.17.
The historical rank and industry rank for Tokyo Metro Co's Net Current Asset Value or its related term are showing as below:
TSE:9023's Price-to-Net-Current-Asset-Value is not ranked *
in the Transportation industry.
Industry Median: 4 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Tokyo Metro Co (TSE:9023) 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.
Tokyo Metro Co Net Current Asset Value Related Terms
Tokyo Metro Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Tokyo Metro 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:9023 vs UNP, CSX, NSC: Net Current Asset Value Comparison
For the Railroads subindustry, Tokyo Metro 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.
Tokyo Metro Co Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, Tokyo Metro Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Tokyo Metro 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-1,723.17 mean?
Tokyo Metro Co (TSE:9023) has a Net Current Asset Value of 円-1,723.17 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 Tokyo Metro Co and its competitors. According to the industry distribution chart, Tokyo Metro Co ranks #999999 out of 361 companies in the Transportation industry.
Is Tokyo Metro Co's Net Current Asset Value too high?
Tokyo Metro Co's current Net Current Asset Value is 円-1,723.17. Based on the distribution chart, Tokyo Metro Co ranks #999999 out of 361 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Tokyo Metro Co has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Tokyo Metro Co's Net Current Asset Value compare to UNP and CSX?
According to the Transportation industry distribution chart, Tokyo Metro Co ranks #999999 out of 361 companies for Net Current Asset Value. This places Tokyo Metro Co in the lower half of its industry. The industry median Net Current Asset Value is 4.00. 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 Transportation company?
The median Net Current Asset Value among Transportation companies is 4.00, based on 361 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 Tokyo Metro Co and its competitors. For the Transportation industry, the median Net Current Asset Value is 4.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Metro Co's current Net Current Asset Value is 円-1,723.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Metro Co stock overvalued right now?
Tokyo Metro Co (TSE:9023) has a current Net Current Asset Value of 円-1,723.17. The current Net Current Asset Value is 円-1,723.17. Tokyo Metro Co's overall GF Score™ is 9/100 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 Tokyo Metro Co (TSE:9023), the current Net Current Asset Value is 円-1,723.17 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.
Tokyo Metro Co Ltd is engaged in the transportation, real estate, distribution, and advertising businesses. The Transportation segment operates and manages a subway network of nine lines mainly in the Tokyo metropolitan area. The Real Estate segment develops and rents office buildings and hotels, such as Shibuya Mark City, along railway lines. The Distribution and Advertising segment operates commercial facilities like Echika at subway stations and handles advertising within stations and trains, as well as information and communication services. It generates the majority of its revenue from the Transportation segment.
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