MetalsGrove MiningASX:MGA Net Current Asset Value is A$0.02 as of Dec. 2025, which is 100% below its 10-year median of 2.65. The stock has 2 warning signs investors should review. Among 1,334 Metals & Mining companies, MetalsGrove Mining ranks better than 64.62% 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).
MetalsGrove Mining's net current asset value per share for the quarter that ended in Dec. 2025 was A$0.02.
The historical rank and industry rank for MetalsGrove Mining's Net Current Asset Value or its related term are showing as below:
ASX:MGA'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.88 Med: 2.65 Max: 6.8
Current: 4.55
During the past 3 years, the highest Price-to-Net-Current-Asset-Value Ratio of MetalsGrove Mining was 6.80. The lowest was 1.88. And the median was 2.65.
ASX:MGA's Price-to-Net-Current-Asset-Value is ranked better than 64.62% of 1334
companies
in the Metals & Mining industry
Industry Median: 6.545
vs ASX:MGA: 4.55
MetalsGrove Mining (ASX:MGA) 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.
MetalsGrove Mining Net Current Asset Value Related Terms
MetalsGrove Mining Net Current Asset Value Historical Data
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The historical data trend for MetalsGrove Mining'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.
MetalsGrove Mining Net Current Asset Value Competitor Comparison
For the Other Industrial Metals & Mining subindustry, MetalsGrove Mining'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.
MetalsGrove Mining Price-to-Net-Current-Asset-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, MetalsGrove Mining's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where MetalsGrove Mining'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$0.02 mean?
MetalsGrove Mining (ASX:MGA) has a Net Current Asset Value of A$0.02 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 MetalsGrove Mining and its competitors. This is 99% below median its historical median of 2.65. Over the past decade, MetalsGrove Mining's Net Current Asset Value has ranged from 1.88 to 6.80. According to the industry distribution chart, MetalsGrove Mining ranks #472 out of 1334 companies in the Metals & Mining industry, placing it in the top 35.4%.
Is MetalsGrove Mining's Net Current Asset Value too high?
MetalsGrove Mining's current Net Current Asset Value of A$0.02 is 99% below median its 10-year median of 2.65. Over the past 10 years, this metric has ranged from a low of 1.88 to a high of 6.80. Based on the distribution chart, MetalsGrove Mining ranks #472 out of 1334 companies in the Metals & Mining industry, which is above the industry midpoint.
How does MetalsGrove Mining's Net Current Asset Value compare to competitors?
According to the Metals & Mining industry distribution chart, MetalsGrove Mining ranks #472 out of 1334 companies for Net Current Asset Value. This puts MetalsGrove Mining in the upper half of its industry. The industry median Net Current Asset Value is 6.55. Historically, MetalsGrove Mining's own Net Current Asset Value has ranged from 1.88 to 6.80 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 MetalsGrove Mining 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. MetalsGrove Mining's current Net Current Asset Value is A$0.02, which is 99% below median its own 10-year median of 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MetalsGrove Mining stock overvalued right now?
MetalsGrove Mining (ASX:MGA) has a current Net Current Asset Value of A$0.02. The current Net Current Asset Value is A$0.02, which is 99% below median its 10-year median of 2.65. 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 MetalsGrove Mining (ASX:MGA), the current Net Current Asset Value is A$0.02 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.
MetalsGrove Mining Ltd is an Australian-based minerals exploration company. It is focused on advancing existing copper and gold projects in the Northern Territory and Western Australia, alongside expanding into Cote d'Ivoire, West Africa, through a gold-focused joint venture. The company's project portfolio comprises the Bruce Gold-Copper Prospect, the Edwards Creek Copper-Zinc Prospect, and the Leake Prospect. Additionally, it holds exploration permits for the Vavoua, Vavoua West, and Kounahiri West tenements in West Africa, located near properties with gold anomalies. The company is organised into one reportable operating segment, which is exploration.
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