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Kycom Holdings CoTSE:9685 -1.19%87 Net Current Asset Value is 円4.52 as of Mar. 2026, which is 100% below its 10-year median of 138.27. GuruFocus rates TSE:9685 with a GF Score™ of 87/100 and a GF Value™ of 円699.39 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,757 Software companies, Kycom Holdings Co ranks worse than 98.41% 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).
Kycom Holdings Co's net current asset value per share for the quarter that ended in Mar. 2026 was 円4.52.
The historical rank and industry rank for Kycom Holdings Co's Net Current Asset Value or its related term are showing as below:
TSE:9685'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 128.1 Med: 138.27 Max: 138.27
Current: 128.1
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kycom Holdings Co was 138.27. The lowest was 128.10. And the median was 138.27.
TSE:9685's Price-to-Net-Current-Asset-Value is ranked worse than 98.41% of 1757
companies
in the Software industry
Industry Median: 4.72
vs TSE:9685: 128.10
Kycom Holdings Co (TSE:9685) 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.
Kycom Holdings Co Net Current Asset Value Related Terms
Kycom Holdings Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Kycom 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.
TSE:9685 vs UBER, SHOP, CRM: Net Current Asset Value Comparison
For the Software - Application subindustry, Kycom 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.
Kycom Holdings Co Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Kycom Holdings Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kycom 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4.52 mean?
Kycom Holdings Co (TSE:9685) has a Net Current Asset Value of 円4.52 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 Kycom Holdings Co and its competitors. This is 97% below median its historical median of 138.27. Over the past decade, Kycom Holdings Co's Net Current Asset Value has ranged from 128.10 to 138.27. According to the industry distribution chart, Kycom Holdings Co ranks #1729 out of 1757 companies in the Software industry, placing it in the top 98.4%.
Is Kycom Holdings Co's Net Current Asset Value too high?
Kycom Holdings Co's current Net Current Asset Value of 円4.52 is 97% below median its 10-year median of 138.27. Over the past 10 years, this metric has ranged from a low of 128.10 to a high of 138.27. Based on the distribution chart, Kycom Holdings Co ranks #1729 out of 1757 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Kycom Holdings Co has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kycom Holdings Co's Net Current Asset Value compare to UBER and SHOP?
According to the Software industry distribution chart, Kycom Holdings Co ranks #1729 out of 1757 companies for Net Current Asset Value. This places Kycom Holdings Co in the lower half of its industry. The industry median Net Current Asset Value is 4.72. Historically, Kycom Holdings Co's own Net Current Asset Value has ranged from 128.10 to 138.27 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 Software company?
The median Net Current Asset Value among Software companies is 4.72, based on 1,757 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 Kycom Holdings Co and its competitors. For the Software industry, the median Net Current Asset Value is 4.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kycom Holdings Co's current Net Current Asset Value is 円4.52, which is 97% below median its own 10-year median of 138.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kycom Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Kycom Holdings Co (TSE:9685) is currently considered Modestly Undervalued. The stock's GF Value™ is 円699.39, compared to a current price of 円579.00 — trading 17.2% below its estimated fair value. The current Net Current Asset Value is 円4.52, which is 97% below median its 10-year median of 138.27. Kycom Holdings Co's overall GF Score™ is 87/100 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 Kycom Holdings Co (TSE:9685), the current Net Current Asset Value is 円4.52 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 Kycom Holdings Co (TSE:9685) Overvalued in 2026?
Based on GuruFocus' analysis, Kycom Holdings Co stock appears to be undervalued.
The current stock price of 円579.00 is trading 17.2% below its estimated GF Value™ of 円699.39.
GuruFocus considers Kycom Holdings Co to be Modestly Undervalued.
Key valuation signals for TSE:9685:
Net Current Asset Value: 円4.52 (97% below median its 10-year median of 138.27)
GF Value™: 円699.39 vs. price of 円579.00 (17.2% below fair value)
No single metric tells the full story. See the TSE:9685 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kycom Holdings Co Ltd is a holding company based in Japan. It is engaged in planning, designing, developing, testing, and maintaining services to information systems.
87GF Score
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