Zip CoASX:ZIP +3.51%62 Net Current Asset Value is A$0.19 as of Dec. 2025, which is 100% below its 10-year median of 16.44. GuruFocus rates ASX:ZIP with a GF Score™ of 62/100 and a GF Value™ of A$2.07 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 279 Credit Services companies, Zip Co ranks worse than 91.04% 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).
Zip Co's net current asset value per share for the quarter that ended in Dec. 2025 was A$0.19.
The historical rank and industry rank for Zip Co's Net Current Asset Value or its related term are showing as below:
ASX:ZIP'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.78 Med: 16.44 Max: 65.38
Current: 17.05
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Zip Co was 65.38. The lowest was 7.78. And the median was 16.44.
ASX:ZIP's Price-to-Net-Current-Asset-Value is ranked worse than 91.04% of 279
companies
in the Credit Services industry
Industry Median: 2.05
vs ASX:ZIP: 17.05
Zip Co (ASX:ZIP) 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.
Zip Co Net Current Asset Value Related Terms
Zip Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Zip Co'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:ZIP vs V, MA, AXP: Net Current Asset Value Comparison
For the Credit Services subindustry, Zip Co'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.
Zip Co Price-to-Net-Current-Asset-Value vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Zip Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Zip Co'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$0.19 mean?
Zip Co (ASX:ZIP) has a Net Current Asset Value of A$0.19 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 Zip Co and its competitors. This is 99% below median its historical median of 16.44. Over the past decade, Zip Co's Net Current Asset Value has ranged from 7.78 to 65.38. According to the industry distribution chart, Zip Co ranks #254 out of 279 companies in the Credit Services industry, placing it in the top 91%.
Is Zip Co's Net Current Asset Value too high?
Zip Co's current Net Current Asset Value of A$0.19 is 99% below median its 10-year median of 16.44. Over the past 10 years, this metric has ranged from a low of 7.78 to a high of 65.38. Based on the distribution chart, Zip Co ranks #254 out of 279 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Zip Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zip Co's Net Current Asset Value compare to V and MA?
According to the Credit Services industry distribution chart, Zip Co ranks #254 out of 279 companies for Net Current Asset Value. This places Zip Co in the lower half of its industry. The industry median Net Current Asset Value is 2.05. Historically, Zip Co's own Net Current Asset Value has ranged from 7.78 to 65.38 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 Credit Services company?
The median Net Current Asset Value among Credit Services companies is 2.05, based on 279 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 Zip Co and its competitors. For the Credit Services industry, the median Net Current Asset Value is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zip Co's current Net Current Asset Value is A$0.19, which is 99% below median its own 10-year median of 16.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zip Co stock overvalued right now?
Based on GuruFocus' analysis, Zip Co (ASX:ZIP) is currently considered Significantly Overvalued. The stock's GF Value™ is A$2.07, compared to a current price of A$3.24 — trading 56.5% above its estimated fair value. The current Net Current Asset Value is A$0.19, which is 99% below median its 10-year median of 16.44. Zip Co's overall GF Score™ is 62/100 with 7 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 Zip Co (ASX:ZIP), the current Net Current Asset Value is A$0.19 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 Zip Co (ASX:ZIP) Overvalued in 2026?
Based on GuruFocus' analysis, Zip Co stock appears to be overvalued.
The current stock price of A$3.24 is trading 56.5% above its estimated GF Value™ of A$2.07.
GuruFocus considers Zip Co to be Significantly Overvalued.
Key valuation signals for ASX:ZIP:
Net Current Asset Value: A$0.19 (99% below median its 10-year median of 16.44)
GF Value™: A$2.07 vs. price of A$3.24 (56.5% above fair value)
No single metric tells the full story. See the ASX:ZIP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zip is a credit provider operating two segments: Australia and New Zealand, and the US. Founded in Australia in 2013, it has over 6 million active customers and partners with over 85,000 merchants. In Australia, Zip positions itself as a credit card alternative, with several revolving credit products. Customers can carry the balance over time with a monthly fee and set their own repayment schedule. The US and New Zealand offering is a far more vanilla BNPL offering: Pay-in-4 in New Zealand and Pay-in-Z in the US, where customers pay back in fixed instalments. The US segment is built on the 2020 acquisition of QuadPay and has recently become Zip's largest and fastest-growing segment.
62GF Score
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