Zero CoTSE:9028 -0.14%76 Net Current Asset Value is 円607.63 as of Mar. 2026, which is 100% below its 10-year median of 12.54. GuruFocus rates TSE:9028 with a GF Score™ of 76/100 and a GF Value™ of 円2,581.07 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 706 Vehicles & Parts companies, Zero Co ranks worse than 57.93% 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).
Zero Co's net current asset value per share for the quarter that ended in Mar. 2026 was 円607.63.
The historical rank and industry rank for Zero Co's Net Current Asset Value or its related term are showing as below:
TSE:9028'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.61 Med: 12.54 Max: 257.79
Current: 6.04
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Zero Co was 257.79. The lowest was 5.61. And the median was 12.54.
TSE:9028's Price-to-Net-Current-Asset-Value is ranked worse than 57.93% of 706
companies
in the Vehicles & Parts industry
Industry Median: 4.89
vs TSE:9028: 6.04
Zero Co (TSE:9028) 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.
Zero Co Net Current Asset Value Related Terms
Zero Co Net Current Asset Value Historical Data
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The historical data trend for Zero 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:9028 vs CVNA, PAG, ALTB: Net Current Asset Value Comparison
For the Auto & Truck Dealerships subindustry, Zero 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.
Zero Co Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Zero Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Zero 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607.63 mean?
Zero Co (TSE:9028) has a Net Current Asset Value of 円607.63 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 Zero Co and its competitors. This is 4746% above median its historical median of 12.54. Over the past decade, Zero Co's Net Current Asset Value has ranged from 5.61 to 257.79. According to the industry distribution chart, Zero Co ranks #409 out of 706 companies in the Vehicles & Parts industry, placing it in the top 57.9%.
Is Zero Co's Net Current Asset Value too high?
Zero Co's current Net Current Asset Value of 円607.63 is 4746% above median its 10-year median of 12.54. Over the past 10 years, this metric has ranged from a low of 5.61 to a high of 257.79. Based on the distribution chart, Zero Co ranks #409 out of 706 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Zero Co has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zero Co's Net Current Asset Value compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Zero Co ranks #409 out of 706 companies for Net Current Asset Value. This places Zero Co in the lower half of its industry. The industry median Net Current Asset Value is 4.89. Historically, Zero Co's own Net Current Asset Value has ranged from 5.61 to 257.79 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 Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 4.89, based on 706 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 Zero Co and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 4.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zero Co's current Net Current Asset Value is 円607.63, which is 4746% above median its own 10-year median of 12.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zero Co stock overvalued right now?
Based on GuruFocus' analysis, Zero Co (TSE:9028) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,581.07, compared to a current price of 円3,670.00 — trading 42.2% above its estimated fair value. The current Net Current Asset Value is 円607.63, which is 4746% above median its 10-year median of 12.54. Zero Co's overall GF Score™ is 76/100 with 2 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 Zero Co (TSE:9028), the current Net Current Asset Value is 円607.63 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 Zero Co (TSE:9028) Overvalued in 2026?
Based on GuruFocus' analysis, Zero Co stock appears to be overvalued.
The current stock price of 円3,670.00 is trading 42.2% above its estimated GF Value™ of 円2,581.07.
GuruFocus considers Zero Co to be Significantly Overvalued.
Key valuation signals for TSE:9028:
Net Current Asset Value: 円607.63 (4746% above median its 10-year median of 12.54)
GF Value™: 円2,581.07 vs. price of 円3,670.00 (42.2% above fair value)
No single metric tells the full story. See the TSE:9028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zero Co Ltd provides transportation services including new and used vehicle transportation, door-to-door transportation of private cars and motorbikes, new and heavy vehicle maintenance, handling and vehicle inspection at the auto auction.
76GF Score
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