Australian Strategic MaterialsASX:ASM +4.68%57 Net Current Asset Value is A$0.17 as of Dec. 2025, which is 100% below its 10-year median of 10.46. GuruFocus rates ASX:ASM with a GF Score™ of 57/100 and a GF Value™ of A$1.55 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,331 Metals & Mining companies, Australian Strategic Materials ranks worse than 51.99% 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).
The historical rank and industry rank for Australian Strategic Materials's Net Current Asset Value or its related term are showing as below:
ASX:ASM'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.09 Med: 10.46 Max: 41
Current: 7.24
During the past 5 years, the highest Price-to-Net-Current-Asset-Value Ratio of Australian Strategic Materials was 41.00. The lowest was 4.09. And the median was 10.46.
ASX:ASM's Price-to-Net-Current-Asset-Value is ranked worse than 51.99% of 1331
companies
in the Metals & Mining industry
Industry Median: 6.5
vs ASX:ASM: 7.24
Australian Strategic Materials (ASX:ASM) 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.
Australian Strategic Materials Net Current Asset Value Related Terms
Australian Strategic Materials 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.
Australian Strategic Materials Net Current Asset Value Chart
Australian Strategic Materials Net Current Asset Value Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Australian Strategic Materials'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.
Australian Strategic Materials Price-to-Net-Current-Asset-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Australian Strategic Materials's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Australian Strategic Materials'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 A$0.17 mean?
Australian Strategic Materials (ASX:ASM) has a Net Current Asset Value of A$0.17 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Australian Strategic Materials and its competitors. This is 98% below median its historical median of 10.46. Over the past decade, Australian Strategic Materials' Net Current Asset Value has ranged from 4.09 to 41.00. According to the industry distribution chart, Australian Strategic Materials ranks #692 out of 1331 companies in the Metals & Mining industry, placing it in the top 52%.
Is Australian Strategic Materials' Net Current Asset Value too high?
Australian Strategic Materials' current Net Current Asset Value of A$0.17 is 98% below median its 10-year median of 10.46. Over the past 10 years, this metric has ranged from a low of 4.09 to a high of 41.00. Based on the distribution chart, Australian Strategic Materials ranks #692 out of 1331 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Australian Strategic Materials has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Australian Strategic Materials' Net Current Asset Value compare to competitors?
According to the Metals & Mining industry distribution chart, Australian Strategic Materials ranks #692 out of 1331 companies for Net Current Asset Value. This places Australian Strategic Materials in the lower half of its industry. The industry median Net Current Asset Value is 6.50. Historically, Australian Strategic Materials' own Net Current Asset Value has ranged from 4.09 to 41.00 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 Metals & Mining company?
The median Net Current Asset Value among Metals & Mining companies is 6.50, based on 1,331 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 Australian Strategic Materials and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 6.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Australian Strategic Materials's current Net Current Asset Value is A$0.17, which is 98% below median its own 10-year median of 10.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Australian Strategic Materials stock overvalued right now?
Based on GuruFocus' analysis, Australian Strategic Materials (ASX:ASM) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.55, compared to a current price of A$1.23 — trading 20.6% below its estimated fair value. The current Net Current Asset Value is A$0.17, which is 98% below median its 10-year median of 10.46. Australian Strategic Materials' overall GF Score™ is 57/100 with 1 warning sign 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 Australian Strategic Materials (ASX:ASM), the current Net Current Asset Value is A$0.17 as of Dec. 2025. 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 Australian Strategic Materials (ASX:ASM) Overvalued in 2026?
Based on GuruFocus' analysis, Australian Strategic Materials stock appears to be undervalued.
The current stock price of A$1.23 is trading 20.6% below its estimated GF Value™ of A$1.55.
GuruFocus considers Australian Strategic Materials to be Modestly Undervalued.
Key valuation signals for ASX:ASM:
Net Current Asset Value: A$0.17 (98% below median its 10-year median of 10.46)
GF Value™: A$1.55 vs. price of A$1.23 (20.6% below fair value)
No single metric tells the full story. See the ASX:ASM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Australian Strategic Materials Business Description
Australian Strategic Materials Ltd is engaged in the business of producing and mining specialty metal and oxides. The product portfolio includes neodymium, praseodymium, zirconium, hafnium, dysprosium, terbium and niobium oxides. Its Dubbo Project includes Central Western New South Wales, Australia. The company's segment includes Corporate, Dubbo, and Korea. The company generates majority of its revenue from Korea, which includes the Korean Metals Plant.
57GF Score
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