P/FCF ratio 1.6 AND TBV ratio of 0.28

One of the best examples of a business that's cheap to BOTH assets and earnings I've ever seen...

Today’s stock is something a young Warren Buffett used to crave…

At today’s price, you're paying less than one‑third of what this company earns in a normal year.

You’re also getting a heavy industrial asset base with a meaningful liquidation value cushion.

In other words: excellent margin of safety in earnings with tangible asset backup.

That’s the kind of cheap-to-assets-and-earnings setup that attracts my attention, an asymmetric return profile without the flashy hype.

Here are some quick stats:

NCAV Ratio = 0.60

TBV Ratio = 0.28

EV/FCF Ratio = 1.5

P/FCF Ratio = 1.6

And it’s not Japanese!

Let’s dive in…