Smart ParkingASX:SPZ +3.23%90 Net Current Asset Value is A$0.01 as of Dec. 2025, which is 100% below its 10-year median of 5.18. GuruFocus rates ASX:SPZ with a GF Score™ of 90/100 and a GF Value™ of A$1.13 (Modestly Undervalued). Among 1,055 Construction companies, Smart Parking ranks worse than 97.16% 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).
Smart Parking'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 Smart Parking's Net Current Asset Value or its related term are showing as below:
ASX:SPZ'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.44 Med: 5.18 Max: 130
Current: 80
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Smart Parking was 130.00. The lowest was 2.44. And the median was 5.18.
ASX:SPZ's Price-to-Net-Current-Asset-Value is ranked worse than 97.16% of 1055
companies
in the Construction industry
Industry Median: 3.25
vs ASX:SPZ: 80.00
Smart Parking (ASX:SPZ) 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.
Smart Parking Net Current Asset Value Related Terms
Smart Parking Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Smart Parking'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.
Smart Parking Net Current Asset Value Competitor Comparison
For the Infrastructure Operations subindustry, Smart Parking'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.
Smart Parking Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Smart Parking's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Smart Parking'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?
Smart Parking (ASX:SPZ) 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 Smart Parking and its competitors. This is 100% below median its historical median of 5.18. Over the past decade, Smart Parking's Net Current Asset Value has ranged from 2.44 to 130.00. According to the industry distribution chart, Smart Parking ranks #1025 out of 1055 companies in the Construction industry, placing it in the top 97.2%.
Is Smart Parking's Net Current Asset Value too high?
Smart Parking's current Net Current Asset Value of A$0.01 is 100% below median its 10-year median of 5.18. Over the past 10 years, this metric has ranged from a low of 2.44 to a high of 130.00. Based on the distribution chart, Smart Parking ranks #1025 out of 1055 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Smart Parking has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Smart Parking's Net Current Asset Value compare to competitors?
According to the Construction industry distribution chart, Smart Parking ranks #1025 out of 1055 companies for Net Current Asset Value. This places Smart Parking in the lower half of its industry. The industry median Net Current Asset Value is 3.25. Historically, Smart Parking's own Net Current Asset Value has ranged from 2.44 to 130.00 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.25, based on 1,055 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 Smart Parking and its competitors. For the Construction industry, the median Net Current Asset Value is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart Parking's current Net Current Asset Value is A$0.01, which is 100% below median its own 10-year median of 5.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Parking stock overvalued right now?
Based on GuruFocus' analysis, Smart Parking (ASX:SPZ) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.13, compared to a current price of A$0.80 — trading 29.2% below its estimated fair value. The current Net Current Asset Value is A$0.01, which is 100% below median its 10-year median of 5.18. Smart Parking's overall GF Score™ is 90/100. 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 Smart Parking (ASX:SPZ), 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.
Is Smart Parking (ASX:SPZ) Overvalued in 2026?
Based on GuruFocus' analysis, Smart Parking stock appears to be undervalued.
The current stock price of A$0.80 is trading 29.2% below its estimated GF Value™ of A$1.13.
GuruFocus considers Smart Parking to be Modestly Undervalued.
Key valuation signals for ASX:SPZ:
Net Current Asset Value: A$0.01 (100% below median its 10-year median of 5.18)
GF Value™: A$1.13 vs. price of A$0.80 (29.2% below fair value)
No single metric tells the full story. See the ASX:SPZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smart Parking Ltd engages in the provision of design, development, and management of parking technology. It operates through three segments. The Technology segment consists of the sale of Smart City and IoT technology products and solutions predominantly to the parking market globally; the Parking Management segment, which is the key revenue driver, consists of the provision of car parking management services on behalf of third party car park owners and on sites leased by the company and managed on its own behalf in the UK; and Research and Development segment includes costs to research, develop and enhance software/hardware for both the Technology and Parking Management divisions. Geographically, it has presence in North America; UK and Europe; Asia, and Australia.
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