Supply NetworkASX:SNL -0.99%96 Net Current Asset Value is A$2.12 as of Dec. 2025, which is 100% below its 10-year median of 20.72. GuruFocus rates ASX:SNL with a GF Score™ of 96/100 and a GF Value™ of A$34.77 (Fairly Valued). The stock has 1 warning sign investors should review. Among 707 Vehicles & Parts companies, Supply Network ranks worse than 79.77% 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).
Supply Network's net current asset value per share for the quarter that ended in Dec. 2025 was A$2.12.
The historical rank and industry rank for Supply Network's Net Current Asset Value or its related term are showing as below:
ASX:SNL'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.6 Med: 20.72 Max: 79.57
Current: 15.17
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Supply Network was 79.57. The lowest was 3.60. And the median was 20.72.
ASX:SNL's Price-to-Net-Current-Asset-Value is ranked worse than 79.77% of 707
companies
in the Vehicles & Parts industry
Industry Median: 5
vs ASX:SNL: 15.17
Supply Network (ASX:SNL) 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.
Supply Network Net Current Asset Value Related Terms
Supply Network Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Supply Network'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:SNL vs ORLY, AZO: Net Current Asset Value Comparison
For the Auto Parts subindustry, Supply Network'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.
Supply Network Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Supply Network's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Supply Network'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$2.12 mean?
Supply Network (ASX:SNL) has a Net Current Asset Value of A$2.12 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 Supply Network and its competitors. This is 90% below median its historical median of 20.72. Over the past decade, Supply Network's Net Current Asset Value has ranged from 3.60 to 79.57. According to the industry distribution chart, Supply Network ranks #564 out of 707 companies in the Vehicles & Parts industry, placing it in the top 79.8%.
Is Supply Network's Net Current Asset Value too high?
Supply Network's current Net Current Asset Value of A$2.12 is 90% below median its 10-year median of 20.72. Over the past 10 years, this metric has ranged from a low of 3.60 to a high of 79.57. Based on the distribution chart, Supply Network ranks #564 out of 707 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Supply Network has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Supply Network's Net Current Asset Value compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Supply Network ranks #564 out of 707 companies for Net Current Asset Value. This places Supply Network in the lower half of its industry. The industry median Net Current Asset Value is 5.00. Historically, Supply Network's own Net Current Asset Value has ranged from 3.60 to 79.57 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 Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 5.00, based on 707 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 Supply Network and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Supply Network's current Net Current Asset Value is A$2.12, which is 90% below median its own 10-year median of 20.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Supply Network stock overvalued right now?
Based on GuruFocus' analysis, Supply Network (ASX:SNL) is currently considered Fairly Valued. The stock's GF Value™ is A$34.77, compared to a current price of A$32.16 — trading 7.5% below its estimated fair value. The current Net Current Asset Value is A$2.12, which is 90% below median its 10-year median of 20.72. Supply Network's overall GF Score™ is 96/100 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 Supply Network (ASX:SNL), the current Net Current Asset Value is A$2.12 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 Supply Network (ASX:SNL) Overvalued in 2026?
Based on GuruFocus' analysis, Supply Network stock appears to be undervalued.
The current stock price of A$32.16 is trading 7.5% below its estimated GF Value™ of A$34.77.
GuruFocus considers Supply Network to be Fairly Valued.
Key valuation signals for ASX:SNL:
Net Current Asset Value: A$2.12 (90% below median its 10-year median of 20.72)
GF Value™: A$34.77 vs. price of A$32.16 (7.5% below fair value)
No single metric tells the full story. See the ASX:SNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Supply Network is a distributor of aftermarket truck and bus parts in Australia and New Zealand, operating under the Multispares brand. The company provides a range of services, including parts supply, procurement, and technical support for fleet operators. Supply Network's revenue has increasingly shifted toward truck parts, which we estimate accounts for at least 85% of sales. The company operates 24 distribution centers and branch sites across Australia and New Zealand.
96GF Score
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