Magmatic ResourcesASX:MAG +8.33% Net Current Asset Value is A$0.01 as of Dec. 2025, which is 100% below its 10-year median of 4.80. The stock has 1 warning sign investors should review. Among 1,334 Metals & Mining companies, Magmatic Resources ranks better than 80.88% 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).
Magmatic Resources's net current asset value per share for the quarter that ended in Dec. 2025 was A$0.01.
The historical rank and industry rank for Magmatic Resources's Net Current Asset Value or its related term are showing as below:
ASX:MAG'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.3 Med: 4.8 Max: 16.5
Current: 2.6
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of Magmatic Resources was 16.50. The lowest was 2.30. And the median was 4.80.
ASX:MAG's Price-to-Net-Current-Asset-Value is ranked better than 80.88% of 1334
companies
in the Metals & Mining industry
Industry Median: 6.545
vs ASX:MAG: 2.60
Magmatic Resources (ASX:MAG) 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.
Magmatic Resources Net Current Asset Value Related Terms
Magmatic Resources Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Magmatic Resources'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.
ASX:MAG vs NEM, AU: Net Current Asset Value Comparison
For the Gold subindustry, Magmatic Resources'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.
Magmatic Resources Price-to-Net-Current-Asset-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Magmatic Resources's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Magmatic Resources'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$0.01 mean?
Magmatic Resources (ASX:MAG) has a Net Current Asset Value of A$0.01 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 Magmatic Resources and its competitors. This is 100% below median its historical median of 4.80. Over the past decade, Magmatic Resources' Net Current Asset Value has ranged from 2.30 to 16.50. According to the industry distribution chart, Magmatic Resources ranks #255 out of 1334 companies in the Metals & Mining industry, placing it in the top 19.1%.
Is Magmatic Resources' Net Current Asset Value too high?
Magmatic Resources' current Net Current Asset Value of A$0.01 is 100% below median its 10-year median of 4.80. Over the past 10 years, this metric has ranged from a low of 2.30 to a high of 16.50. Based on the distribution chart, Magmatic Resources ranks #255 out of 1334 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Magmatic Resources' Net Current Asset Value compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Magmatic Resources ranks #255 out of 1334 companies for Net Current Asset Value. This places Magmatic Resources in the top 19% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 6.55. Historically, Magmatic Resources' own Net Current Asset Value has ranged from 2.30 to 16.50 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 6.55, based on 1,334 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 Magmatic Resources and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magmatic Resources's current Net Current Asset Value is A$0.01, which is 100% below median its own 10-year median of 4.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magmatic Resources stock overvalued right now?
Magmatic Resources (ASX:MAG) has a current Net Current Asset Value of A$0.01. The current Net Current Asset Value is A$0.01, which is 100% below median its 10-year median of 4.80. 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 Magmatic Resources (ASX:MAG), the current Net Current Asset Value is A$0.01 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.
Magmatic Resources Ltd is an Australian mineral exploration company focused on gold and copper targets in the East Lachlan region of New South Wales and the Northern Goldfields in Western Australia. The company holds a portfolio of projects near mining operations like Cadia Valley and Northparkes. Magmatic aims to make discoveries in these prolific mining belts. It also has a joint venture with Fortescue Metals Group to explore the Myall project. The majority of income generation source is the interest income.
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