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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).
Koa Shoji Holdings Co's net current asset value per share for the quarter that ended in Jun. 2026 was 円403.09.
The historical rank and industry rank for Koa Shoji Holdings Co's Net Current Asset Value or its related term are showing as below:
TSE:9273'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.43 Med: 1.91 Max: 2.83
Current: 1.88
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of Koa Shoji Holdings Co was 2.83. The lowest was 1.43. And the median was 1.91.
TSE:9273's Price-to-Net-Current-Asset-Value is ranked better than 85.26% of 604
companies
in the Drug Manufacturers industry
Industry Median: 6.165
vs TSE:9273: 1.88
Koa Shoji Holdings Co (TSE:9273) 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.
Koa Shoji Holdings Co Net Current Asset Value Related Terms
Koa Shoji Holdings Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Koa Shoji 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.
Koa Shoji Holdings Co Net Current Asset Value Chart
TSE:9273 vs ZTS: Net Current Asset Value Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Koa Shoji 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.
Koa Shoji Holdings Co Price-to-Net-Current-Asset-Value vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Koa Shoji Holdings Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Koa Shoji 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403.09 mean?
Koa Shoji Holdings Co (TSE:9273) has a Net Current Asset Value of 円403.09 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Koa Shoji Holdings Co and its competitors. According to the industry distribution chart, Koa Shoji Holdings Co ranks #89 out of 604 companies in the Drug Manufacturers industry, placing it in the top 14.7%.
Is Koa Shoji Holdings Co's Net Current Asset Value too high?
Koa Shoji Holdings Co's current Net Current Asset Value is 円403.09. Based on the distribution chart, Koa Shoji Holdings Co ranks #89 out of 604 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Koa Shoji Holdings Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Koa Shoji Holdings Co's Net Current Asset Value compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Koa Shoji Holdings Co ranks #89 out of 604 companies for Net Current Asset Value. This places Koa Shoji Holdings Co in the top 15% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 6.17. 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 Drug Manufacturers company?
The median Net Current Asset Value among Drug Manufacturers companies is 6.17, based on 604 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 Koa Shoji Holdings Co and its competitors. For the Drug Manufacturers industry, the median Net Current Asset Value is 6.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Koa Shoji Holdings Co's current Net Current Asset Value is 円403.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koa Shoji Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Koa Shoji Holdings Co (TSE:9273) is currently considered Fairly Valued. The stock's GF Value™ is 円764.84, compared to a current price of 円757.00 — trading 1% below its estimated fair value. The current Net Current Asset Value is 円403.09. Koa Shoji Holdings Co's overall GF Score™ is 75/100 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 Koa Shoji Holdings Co (TSE:9273), the current Net Current Asset Value is 円403.09 as of Jun. 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 Koa Shoji Holdings Co (TSE:9273) Overvalued in 2026?
Based on GuruFocus' analysis, Koa Shoji Holdings Co stock appears to be undervalued.
The current stock price of 円757.00 is trading 1% below its estimated GF Value™ of 円764.84.
GuruFocus considers Koa Shoji Holdings Co to be Fairly Valued.
Key valuation signals for TSE:9273:
Net Current Asset Value: 円403.09
GF Value™: 円764.84 vs. price of 円757.00 (1% below fair value)
No single metric tells the full story. See the TSE:9273 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Koa Shoji Holdings Co Ltd is a pharmaceutical manufacturing company. It is mainly engaged in the manufacturing, sales, and import/export of pharmaceuticals.
75GF Score
Get the complete analysis for TSE:9273
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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