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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).
Mental Health Technologies Co's net current asset value per share for the quarter that ended in Dec. 2025 was 円-133.99.
The historical rank and industry rank for Mental Health Technologies Co's Net Current Asset Value or its related term are showing as below:
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of Mental Health Technologies Co was 29.99. The lowest was 11.47. And the median was 20.73.
TSE:9218's Price-to-Net-Current-Asset-Value is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 5.87 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Mental Health Technologies Co (TSE:9218) 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.
Mental Health Technologies Co Net Current Asset Value Related Terms
Mental Health Technologies 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.
Mental Health Technologies Co Net Current Asset Value Chart
TSE:9218 vs HCA, THC, DVA: Net Current Asset Value Comparison
For the Medical Care Facilities subindustry, Mental Health Technologies 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.
Mental Health Technologies Co Price-to-Net-Current-Asset-Value vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Mental Health Technologies Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Mental Health Technologies 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-133.99 mean?
Mental Health Technologies Co (TSE:9218) has a Net Current Asset Value of 円-133.99 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 Mental Health Technologies Co and its competitors. Over the past decade, Mental Health Technologies Co's Net Current Asset Value has ranged from 11.47 to 29.99. According to the industry distribution chart, Mental Health Technologies Co ranks #999999 out of 271 companies in the Healthcare Providers & Services industry.
Is Mental Health Technologies Co's Net Current Asset Value too high?
Mental Health Technologies Co's current Net Current Asset Value is 円-133.99. Over the past 10 years, this metric has ranged from a low of 11.47 to a high of 29.99. Based on the distribution chart, Mental Health Technologies Co ranks #999999 out of 271 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Mental Health Technologies Co has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mental Health Technologies Co's Net Current Asset Value compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Mental Health Technologies Co ranks #999999 out of 271 companies for Net Current Asset Value. This places Mental Health Technologies Co in the lower half of its industry. The industry median Net Current Asset Value is 5.87. Historically, Mental Health Technologies Co's own Net Current Asset Value has ranged from 11.47 to 29.99 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 Healthcare Providers & Services company?
The median Net Current Asset Value among Healthcare Providers & Services companies is 5.87, based on 271 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 Mental Health Technologies Co and its competitors. For the Healthcare Providers & Services industry, the median Net Current Asset Value is 5.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mental Health Technologies Co's current Net Current Asset Value is 円-133.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mental Health Technologies Co stock overvalued right now?
Based on GuruFocus' analysis, Mental Health Technologies Co (TSE:9218) is currently considered Significantly Undervalued. The stock's GF Value™ is 円2,301.60, compared to a current price of 円740.00 — trading 67.8% below its estimated fair value. The current Net Current Asset Value is 円-133.99. Mental Health Technologies Co's overall GF Score™ is 73/100 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 Mental Health Technologies Co (TSE:9218), the current Net Current Asset Value is 円-133.99 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 Mental Health Technologies Co (TSE:9218) Overvalued in 2026?
Based on GuruFocus' analysis, Mental Health Technologies Co stock appears to be undervalued.
The current stock price of 円740.00 is trading 67.8% below its estimated GF Value™ of 円2,301.60.
GuruFocus considers Mental Health Technologies Co to be Significantly Undervalued.
Key valuation signals for TSE:9218:
Net Current Asset Value: 円-133.99
GF Value™: 円2,301.60 vs. price of 円740.00 (67.8% below fair value)
No single metric tells the full story. See the TSE:9218 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mental Health Technologies Co Business Description
Mental Health Technologies Co Ltd is mainly engaged in providing mental health solutions. Along with its subsidiaries, the company operates in the following reportable segments: Mental Health Solutions Business, Medical Work Shift Business, Medical Career Support Business, and the Digital Marketing Business. The majority of its revenue is generated from the Mental Health Solutions Business, which provides services by industrial physicians and public health nurses, and manages the mental and physical health of workers. It has packaged the various mental health care services under ELPIS, a cloud service, and offers it to its clients under the name Occupational Physician Cloud.
73GF Score
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