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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).
The historical rank and industry rank for Asahi Broadcasting Group Holdings's Net Current Asset Value or its related term are showing as below:
TSE:9405'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.53 Med: 7.53 Max: 11.35
Current: 11.18
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Asahi Broadcasting Group Holdings was 11.35. The lowest was 7.53. And the median was 7.53.
TSE:9405's Price-to-Net-Current-Asset-Value is ranked worse than 86.06% of 538
companies
in the Media - Diversified industry
Industry Median: 2.885
vs TSE:9405: 11.18
Asahi Broadcasting Group Holdings (TSE:9405) 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.
Asahi Broadcasting Group Holdings Net Current Asset Value Related Terms
Asahi Broadcasting Group Holdings 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.
Asahi Broadcasting Group Holdings Net Current Asset Value Chart
TSE:9405 vs NXST: Net Current Asset Value Comparison
For the Broadcasting subindustry, Asahi Broadcasting Group Holdings'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.
Asahi Broadcasting Group Holdings Price-to-Net-Current-Asset-Value vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Asahi Broadcasting Group Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Asahi Broadcasting Group Holdings'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114.24 mean?
Asahi Broadcasting Group Holdings (TSE:9405) has a Net Current Asset Value of 円114.24 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 Asahi Broadcasting Group Holdings and its competitors. According to the industry distribution chart, Asahi Broadcasting Group Holdings ranks #463 out of 538 companies in the Media - Diversified industry, placing it in the top 86.1%.
Is Asahi Broadcasting Group Holdings' Net Current Asset Value too high?
Asahi Broadcasting Group Holdings' current Net Current Asset Value is 円114.24. Based on the distribution chart, Asahi Broadcasting Group Holdings ranks #463 out of 538 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Asahi Broadcasting Group Holdings has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Broadcasting Group Holdings' Net Current Asset Value compare to NXST?
According to the Media - Diversified industry distribution chart, Asahi Broadcasting Group Holdings ranks #463 out of 538 companies for Net Current Asset Value. This places Asahi Broadcasting Group Holdings in the lower half of its industry. The industry median Net Current Asset Value is 2.89. 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 Media - Diversified company?
The median Net Current Asset Value among Media - Diversified companies is 2.89, based on 538 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 Asahi Broadcasting Group Holdings and its competitors. For the Media - Diversified industry, the median Net Current Asset Value is 2.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asahi Broadcasting Group Holdings's current Net Current Asset Value is 円114.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Broadcasting Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asahi Broadcasting Group Holdings (TSE:9405) is currently considered Modestly Overvalued. The stock's GF Value™ is 円716.04, compared to a current price of 円871.00 — trading 21.6% above its estimated fair value. The current Net Current Asset Value is 円114.24. Asahi Broadcasting Group Holdings' 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 Asahi Broadcasting Group Holdings (TSE:9405), the current Net Current Asset Value is 円114.24 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 Asahi Broadcasting Group Holdings (TSE:9405) Overvalued in 2026?
Based on GuruFocus' analysis, Asahi Broadcasting Group Holdings stock appears to be overvalued.
The current stock price of 円871.00 is trading 21.6% above its estimated GF Value™ of 円716.04.
GuruFocus considers Asahi Broadcasting Group Holdings to be Modestly Overvalued.
Key valuation signals for TSE:9405:
Net Current Asset Value: 円114.24
GF Value™: 円716.04 vs. price of 円871.00 (21.6% above fair value)
No single metric tells the full story. See the TSE:9405 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asahi Broadcasting Group Holdings Corp is based in Japan. The company has two segments Broadcasting and Contents Business segment and the Style Business segment. The Broadcasting and Contents Business includes television and radio broadcasting and various content-related businesses, and the Lifestyle business segment consists of the housing exhibition center operation business, mail order business, and golf course operation business. The company generates the majority of its revenue from the Broadcasting and Content Business.
73GF Score
Get the complete analysis for TSE:9405
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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