Premier InvestmentsASX:PMV -0.69%76 Net Current Asset Value is A$0.38 as of Jan. 2026, which is 100% below its 10-year median of 44.25. GuruFocus rates ASX:PMV with a GF Score™ of 76/100 and a GF Value™ of A$12.00 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 553 Retail - Cyclical companies, Premier Investments ranks worse than 94.58% 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).
Premier Investments's net current asset value per share for the quarter that ended in Jan. 2026 was A$0.38.
The historical rank and industry rank for Premier Investments's Net Current Asset Value or its related term are showing as below:
ASX:PMV'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 17.32 Med: 44.25 Max: 290.66
Current: 37.95
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Premier Investments was 290.66. The lowest was 17.32. And the median was 44.25.
ASX:PMV's Price-to-Net-Current-Asset-Value is ranked worse than 94.58% of 553
companies
in the Retail - Cyclical industry
Industry Median: 3.11
vs ASX:PMV: 37.95
Premier Investments (ASX:PMV) 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.
Premier Investments Net Current Asset Value Related Terms
Premier Investments Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Premier Investments'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:PMV vs TJX, ROST, BURL: Net Current Asset Value Comparison
For the Apparel Retail subindustry, Premier Investments'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.
Premier Investments Price-to-Net-Current-Asset-Value vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Premier Investments's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Premier Investments'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$0.38 mean?
Premier Investments (ASX:PMV) has a Net Current Asset Value of A$0.38 as of Jan. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Premier Investments and its competitors. This is 99% below median its historical median of 44.25. Over the past decade, Premier Investments' Net Current Asset Value has ranged from 17.32 to 290.66. According to the industry distribution chart, Premier Investments ranks #523 out of 553 companies in the Retail - Cyclical industry, placing it in the top 94.6%.
Is Premier Investments' Net Current Asset Value too high?
Premier Investments' current Net Current Asset Value of A$0.38 is 99% below median its 10-year median of 44.25. Over the past 10 years, this metric has ranged from a low of 17.32 to a high of 290.66. Based on the distribution chart, Premier Investments ranks #523 out of 553 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Premier Investments has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Premier Investments' Net Current Asset Value compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Premier Investments ranks #523 out of 553 companies for Net Current Asset Value. This places Premier Investments in the lower half of its industry. The industry median Net Current Asset Value is 3.11. Historically, Premier Investments' own Net Current Asset Value has ranged from 17.32 to 290.66 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 Retail - Cyclical company?
The median Net Current Asset Value among Retail - Cyclical companies is 3.11, based on 553 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 Premier Investments and its competitors. For the Retail - Cyclical industry, the median Net Current Asset Value is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Premier Investments's current Net Current Asset Value is A$0.38, which is 99% below median its own 10-year median of 44.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Premier Investments stock overvalued right now?
Based on GuruFocus' analysis, Premier Investments (ASX:PMV) is currently considered Modestly Overvalued. The stock's GF Value™ is A$12.00, compared to a current price of A$14.42 — trading 20.2% above its estimated fair value. The current Net Current Asset Value is A$0.38, which is 99% below median its 10-year median of 44.25. Premier Investments' overall GF Score™ is 76/100 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 Premier Investments (ASX:PMV), the current Net Current Asset Value is A$0.38 as of Jan. 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 Premier Investments (ASX:PMV) Overvalued in 2026?
Based on GuruFocus' analysis, Premier Investments stock appears to be overvalued.
The current stock price of A$14.42 is trading 20.2% above its estimated GF Value™ of A$12.00.
GuruFocus considers Premier Investments to be Modestly Overvalued.
Key valuation signals for ASX:PMV:
Net Current Asset Value: A$0.38 (99% below median its 10-year median of 44.25)
GF Value™: A$12.00 vs. price of A$14.42 (20.2% above fair value)
No single metric tells the full story. See the ASX:PMV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Premier Investments owns two global retail brands. While Smiggle has been operating outside of its core Australian and New Zealand markets for many years, the more prolific fashion brand Peter Alexander only recently entered the United Kingdom. The unique Smiggle brand retails children's stationery in Australia and overseas markets. Premier materially restructured in 2025, merging its five core apparel brands with department store Myer. It distributed its Myer equity stake to its shareholders with an in-specie capital reduction and dividend.Premier is also a significant shareholder in Australia-listed Breville Group.
76GF Score
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