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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).
BUD:FUTURAQUA's Price-to-Net-Current-Asset-Value is ranked better than 82.81% of 64
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 7.34
vs BUD:FUTURAQUA: 2.68
FuturAqua Mineral Water Production and Asset Management (BUD:FUTURAQUA) 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.
FuturAqua Mineral Water Production and Asset Management Net Current Asset Value Related Terms
FuturAqua Mineral Water Production and Asset Management Net Current Asset Value Historical Data
* 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.
FuturAqua Mineral Water Production and Asset Management Net Current Asset Value Chart
FuturAqua Mineral Water Production and Asset Management Annual Data
BUD:FUTURAQUA vs KO, PEP, MNST: Net Current Asset Value Comparison
For the Beverages - Non-Alcoholic subindustry, FuturAqua Mineral Water Production and Asset Management'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.
FuturAqua Mineral Water Production and Asset Management Price-to-Net-Current-Asset-Value vs Beverages - Non-Alcoholic Industry
* 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 Ft3.41 mean?
FuturAqua Mineral Water Production and Asset Management (BUD:FUTURAQUA) has a Net Current Asset Value of Ft3.41 as of Jun. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on FuturAqua Mineral Water Production and Asset Management and its competitors. This is 82% below median its historical median of 19.32. Over the past decade, FuturAqua Mineral Water Production and Asset Management's Net Current Asset Value has ranged from 2.20 to 773.33. According to the industry distribution chart, FuturAqua Mineral Water Production and Asset Management ranks #11 out of 64 companies in the Beverages - Non-Alcoholic industry, placing it in the top 17.2%.
Is FuturAqua Mineral Water Production and Asset Management's Net Current Asset Value too high?
FuturAqua Mineral Water Production and Asset Management's current Net Current Asset Value of Ft3.41 is 82% below median its 10-year median of 19.32. Over the past 10 years, this metric has ranged from a low of 2.20 to a high of 773.33. Based on the distribution chart, FuturAqua Mineral Water Production and Asset Management ranks #11 out of 64 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, FuturAqua Mineral Water Production and Asset Management has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does FuturAqua Mineral Water Production and Asset Management's Net Current Asset Value compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, FuturAqua Mineral Water Production and Asset Management ranks #11 out of 64 companies for Net Current Asset Value. This places FuturAqua Mineral Water Production and Asset Management in the top 17% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 7.34. Historically, FuturAqua Mineral Water Production and Asset Management's own Net Current Asset Value has ranged from 2.20 to 773.33 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 Beverages - Non-Alcoholic company?
The median Net Current Asset Value among Beverages - Non-Alcoholic companies is 7.34, based on 64 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 FuturAqua Mineral Water Production and Asset Management and its competitors. For the Beverages - Non-Alcoholic industry, the median Net Current Asset Value is 7.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FuturAqua Mineral Water Production and Asset Management's current Net Current Asset Value is Ft3.41, which is 82% below median its own 10-year median of 19.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FuturAqua Mineral Water Production and Asset Management stock overvalued right now?
Based on GuruFocus' analysis, FuturAqua Mineral Water Production and Asset Management (BUD:FUTURAQUA) is currently considered Possible Value Trap. The stock's GF Value™ is Ft98.56, compared to a current price of Ft9.15 — trading 90.7% below its estimated fair value. The current Net Current Asset Value is Ft3.41, which is 82% below median its 10-year median of 19.32. FuturAqua Mineral Water Production and Asset Management's overall GF Score™ is 32/100 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 FuturAqua Mineral Water Production and Asset Management (BUD:FUTURAQUA), the current Net Current Asset Value is Ft3.41 as of Jun. 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 FuturAqua Mineral Water Production and Asset Management (BUD:FUTURAQUA) Overvalued in 2026?
Based on GuruFocus' analysis, FuturAqua Mineral Water Production and Asset Management stock appears to be undervalued.
The current stock price of Ft9.15 is trading 90.7% below its estimated GF Value™ of Ft98.56.
GuruFocus considers FuturAqua Mineral Water Production and Asset Management to be Possible Value Trap.
Key valuation signals for BUD:FUTURAQUA:
Net Current Asset Value: Ft3.41 (82% below median its 10-year median of 19.32)
GF Value™: Ft98.56 vs. price of Ft9.15 (90.7% below fair value)
No single metric tells the full story. See the BUD:FUTURAQUA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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