Zaoh CoTSE:9986 +0.44%80 Net Current Asset Value is 円1,599.01 as of Mar. 2026, which is 100% below its 10-year median of 1.45. GuruFocus rates TSE:9986 with a GF Score™ of 80/100 and a GF Value™ of 円2,390.69 (Fairly Valued). The stock has 4 warning signs investors should review. Among 104 Industrial Distribution companies, Zaoh Co ranks better than 66.35% 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).
Zaoh Co's net current asset value per share for the quarter that ended in Mar. 2026 was 円1,599.01.
The historical rank and industry rank for Zaoh Co's Net Current Asset Value or its related term are showing as below:
TSE:9986'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.08 Med: 1.45 Max: 1.72
Current: 1.56
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Zaoh Co was 1.72. The lowest was 1.08. And the median was 1.45.
TSE:9986's Price-to-Net-Current-Asset-Value is ranked better than 66.35% of 104
companies
in the Industrial Distribution industry
Industry Median: 2.65
vs TSE:9986: 1.56
Zaoh Co (TSE:9986) 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.
Zaoh Co Net Current Asset Value Related Terms
Zaoh Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Zaoh 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:9986 vs GWW, FAST, FERG: Net Current Asset Value Comparison
For the Industrial Distribution subindustry, Zaoh 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.
Zaoh Co Price-to-Net-Current-Asset-Value vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Zaoh Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Zaoh 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1,599.01 mean?
Zaoh Co (TSE:9986) has a Net Current Asset Value of 円1,599.01 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 Zaoh Co and its competitors. This is 110177% above median its historical median of 1.45. Over the past decade, Zaoh Co's Net Current Asset Value has ranged from 1.08 to 1.72. According to the industry distribution chart, Zaoh Co ranks #35 out of 104 companies in the Industrial Distribution industry, placing it in the top 33.7%.
Is Zaoh Co's Net Current Asset Value too high?
Zaoh Co's current Net Current Asset Value of 円1,599.01 is 110177% above median its 10-year median of 1.45. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 1.72. Based on the distribution chart, Zaoh Co ranks #35 out of 104 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, Zaoh Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zaoh Co's Net Current Asset Value compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Zaoh Co ranks #35 out of 104 companies for Net Current Asset Value. This puts Zaoh Co in the upper half of its industry. The industry median Net Current Asset Value is 2.65. Historically, Zaoh Co's own Net Current Asset Value has ranged from 1.08 to 1.72 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 an Industrial Distribution company?
The median Net Current Asset Value among Industrial Distribution companies is 2.65, based on 104 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 Zaoh Co and its competitors. For the Industrial Distribution industry, the median Net Current Asset Value is 2.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zaoh Co's current Net Current Asset Value is 円1,599.01, which is 110177% above median its own 10-year median of 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zaoh Co stock overvalued right now?
Based on GuruFocus' analysis, Zaoh Co (TSE:9986) is currently considered Fairly Valued. The stock's GF Value™ is 円2,390.69, compared to a current price of 円2,488.00 — trading 4.1% above its estimated fair value. The current Net Current Asset Value is 円1,599.01, which is 110177% above median its 10-year median of 1.45. Zaoh Co's overall GF Score™ is 80/100 with 4 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 Zaoh Co (TSE:9986), the current Net Current Asset Value is 円1,599.01 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 Zaoh Co (TSE:9986) Overvalued in 2026?
Based on GuruFocus' analysis, Zaoh Co stock appears to be overvalued.
The current stock price of 円2,488.00 is trading 4.1% above its estimated GF Value™ of 円2,390.69.
GuruFocus considers Zaoh Co to be Fairly Valued.
Key valuation signals for TSE:9986:
Net Current Asset Value: 円1,599.01 (110177% above median its 10-year median of 1.45)
GF Value™: 円2,390.69 vs. price of 円2,488.00 (4.1% above fair value)
No single metric tells the full story. See the TSE:9986 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zaoh Co Ltd is engaged in the business of dealing with industrial and professional cleaning equipment. Its main business activity is to import cleaning and washing equipment for commercial, industrial, and consumer use from various manufacturers, mainly in Europe, the United States, and China, and to sell them throughout Japan. The company's product portfolio comprises power sweepers, vacuum cleaners, carpet cleaners, ironized water generators, water purifiers, steam cleaners, etc.
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