SMI - Ste Metallurgique d'ImiterCAS:SMI 69 Net Current Asset Value is MAD592.76 as of Dec. 2025, which is 100% below its 10-year median of 6.92. GuruFocus rates CAS:SMI with a GF Score™ of 69/100 and a GF Value™ of MAD3,431.11 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,334 Metals & Mining companies, SMI - Ste Metallurgique d'Imiter ranks worse than 68.29% 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).
The historical rank and industry rank for SMI - Ste Metallurgique d'Imiter's Net Current Asset Value or its related term are showing as below:
CAS:SMI'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.42 Med: 6.92 Max: 15.05
Current: 11.06
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of SMI - Ste Metallurgique d'Imiter was 15.05. The lowest was 3.42. And the median was 6.92.
CAS:SMI's Price-to-Net-Current-Asset-Value is ranked worse than 68.29% of 1334
companies
in the Metals & Mining industry
Industry Median: 6.665
vs CAS:SMI: 11.06
SMI - Ste Metallurgique d'Imiter (CAS:SMI) 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.
SMI - Ste Metallurgique d'Imiter Net Current Asset Value Related Terms
SMI - Ste Metallurgique d'Imiter 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.
SMI - Ste Metallurgique d'Imiter Net Current Asset Value Chart
SMI - Ste Metallurgique d'Imiter Net Current Asset Value Competitor Comparison
For the Other Industrial Metals & Mining subindustry, SMI - Ste Metallurgique d'Imiter'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.
SMI - Ste Metallurgique d'Imiter Price-to-Net-Current-Asset-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, SMI - Ste Metallurgique d'Imiter's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where SMI - Ste Metallurgique d'Imiter'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 MAD592.76 mean?
SMI - Ste Metallurgique d'Imiter (CAS:SMI) has a Net Current Asset Value of MAD592.76 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 SMI - Ste Metallurgique d'Imiter and its competitors. This is 8466% above median its historical median of 6.92. Over the past decade, SMI - Ste Metallurgique d'Imiter's Net Current Asset Value has ranged from 3.42 to 15.05. According to the industry distribution chart, SMI - Ste Metallurgique d'Imiter ranks #911 out of 1334 companies in the Metals & Mining industry, placing it in the top 68.3%.
Is SMI - Ste Metallurgique d'Imiter's Net Current Asset Value too high?
SMI - Ste Metallurgique d'Imiter's current Net Current Asset Value of MAD592.76 is 8466% above median its 10-year median of 6.92. Over the past 10 years, this metric has ranged from a low of 3.42 to a high of 15.05. Based on the distribution chart, SMI - Ste Metallurgique d'Imiter ranks #911 out of 1334 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, SMI - Ste Metallurgique d'Imiter has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SMI - Ste Metallurgique d'Imiter's Net Current Asset Value compare to competitors?
According to the Metals & Mining industry distribution chart, SMI - Ste Metallurgique d'Imiter ranks #911 out of 1334 companies for Net Current Asset Value. This places SMI - Ste Metallurgique d'Imiter in the lower half of its industry. The industry median Net Current Asset Value is 6.67. Historically, SMI - Ste Metallurgique d'Imiter's own Net Current Asset Value has ranged from 3.42 to 15.05 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 Metals & Mining company?
The median Net Current Asset Value among Metals & Mining companies is 6.67, based on 1,334 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 SMI - Ste Metallurgique d'Imiter and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 6.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SMI - Ste Metallurgique d'Imiter's current Net Current Asset Value is MAD592.76, which is 8466% above median its own 10-year median of 6.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMI - Ste Metallurgique d'Imiter stock overvalued right now?
Based on GuruFocus' analysis, SMI - Ste Metallurgique d'Imiter (CAS:SMI) is currently considered Significantly Overvalued. The stock's GF Value™ is MAD3,431.11, compared to a current price of MAD6,556.00 — trading 91.1% above its estimated fair value. The current Net Current Asset Value is MAD592.76, which is 8466% above median its 10-year median of 6.92. SMI - Ste Metallurgique d'Imiter's overall GF Score™ is 69/100 with 2 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 SMI - Ste Metallurgique d'Imiter (CAS:SMI), the current Net Current Asset Value is MAD592.76 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 SMI - Ste Metallurgique d'Imiter (CAS:SMI) Overvalued in 2026?
Based on GuruFocus' analysis, SMI - Ste Metallurgique d'Imiter stock appears to be overvalued.
The current stock price of MAD6,556.00 is trading 91.1% above its estimated GF Value™ of MAD3,431.11.
GuruFocus considers SMI - Ste Metallurgique d'Imiter to be Significantly Overvalued.
Key valuation signals for CAS:SMI:
Net Current Asset Value: MAD592.76 (8466% above median its 10-year median of 6.92)
GF Value™: MAD3,431.11 vs. price of MAD6,556.00 (91.1% above fair value)
No single metric tells the full story. See the CAS:SMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SMI - Ste Metallurgique d'Imiter Business Description
SMI - Ste Metallurgique d'Imiter is a Morocco-based company engaged in the mining industry. The company's product portfolio consists of precious metals such as Silver and Gold, Copper, Zinc, Cobalt cathode, Arsenic, Nickel and many more. Its Morocco project consists of Bouskour and Tizert. The Bouskour project is located approximately 80 kilometers southeast of the city of Ouarzazate. Its Tizert project is situated approximately 80 kilometers east of the city of Agadir in the province of Taroudant. The company's Africa project comprises of Gold projects, Tri-K projects, Pumpi project, and Assosa and Budur projects.
69GF Score
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