ASM International NVCHIX:ASMA 93 Net Current Asset Value is €25.30 as of Mar. 2026, which is 100% below its 10-year median of 14.41. GuruFocus rates CHIX:ASMA with a GF Score™ of 93/100 and a GF Value™ of €625.89 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 720 Semiconductors companies, ASM International NV ranks worse than 84.31% 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).
ASM International NV's net current asset value per share for the quarter that ended in Mar. 2026 was €25.30.
The historical rank and industry rank for ASM International NV's Net Current Asset Value or its related term are showing as below:
CHIX:ASMa'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.03 Med: 14.41 Max: 42.8
Current: 37.47
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of ASM International NV was 42.80. The lowest was 3.03. And the median was 14.41.
CHIX:ASMa's Price-to-Net-Current-Asset-Value is ranked worse than 84.31% of 720
companies
in the Semiconductors industry
Industry Median: 9.585
vs CHIX:ASMa: 37.47
ASM International NV (CHIX:ASMa) 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.
ASM International NV Net Current Asset Value Related Terms
ASM International NV Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for ASM International NV'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.
ASM International NV Net Current Asset Value Chart
CHIX:ASMA vs AMAT, LRCX, KLAC: Net Current Asset Value Comparison
For the Semiconductor Equipment & Materials subindustry, ASM International NV'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.
ASM International NV Price-to-Net-Current-Asset-Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, ASM International NV's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where ASM International NV'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 €25.30 mean?
ASM International NV (CHIX:ASMA) has a Net Current Asset Value of €25.30 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on ASM International NV and its competitors. This is 76% above median its historical median of 14.41. Over the past decade, ASM International NV's Net Current Asset Value has ranged from 3.03 to 42.80. According to the industry distribution chart, ASM International NV ranks #607 out of 720 companies in the Semiconductors industry, placing it in the top 84.3%.
Is ASM International NV's Net Current Asset Value too high?
ASM International NV's current Net Current Asset Value of €25.30 is 76% above median its 10-year median of 14.41. Over the past 10 years, this metric has ranged from a low of 3.03 to a high of 42.80. Based on the distribution chart, ASM International NV ranks #607 out of 720 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, ASM International NV has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ASM International NV's Net Current Asset Value compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, ASM International NV ranks #607 out of 720 companies for Net Current Asset Value. This places ASM International NV in the lower half of its industry. The industry median Net Current Asset Value is 9.59. Historically, ASM International NV's own Net Current Asset Value has ranged from 3.03 to 42.80 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 Semiconductors company?
The median Net Current Asset Value among Semiconductors companies is 9.59, based on 720 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 ASM International NV and its competitors. For the Semiconductors industry, the median Net Current Asset Value is 9.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASM International NV's current Net Current Asset Value is €25.30, which is 76% above median its own 10-year median of 14.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASM International NV stock overvalued right now?
Based on GuruFocus' analysis, ASM International NV (CHIX:ASMA) is currently considered Significantly Overvalued. The stock's GF Value™ is €625.89, compared to a current price of €979.00 — trading 56.4% above its estimated fair value. The current Net Current Asset Value is €25.30, which is 76% above median its 10-year median of 14.41. ASM International NV's overall GF Score™ is 93/100 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 ASM International NV (CHIX:ASMA), the current Net Current Asset Value is €25.30 as of Mar. 2026. 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 ASM International NV (CHIX:ASMA) Overvalued in 2026?
Based on GuruFocus' analysis, ASM International NV stock appears to be overvalued.
The current stock price of €979.00 is trading 56.4% above its estimated GF Value™ of €625.89.
GuruFocus considers ASM International NV to be Significantly Overvalued.
Key valuation signals for CHIX:ASMA:
Net Current Asset Value: €25.30 (76% above median its 10-year median of 14.41)
GF Value™: €625.89 vs. price of €979.00 (56.4% above fair value)
No single metric tells the full story. See the CHIX:ASMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ASM International is a Dutch company that supplies deposition equipment for chip fabrication. It is the leader in atomic layer deposition, a precise deposition technique that is required in the most advanced semiconductors. ASM's main clients are logic foundries TSMC, Samsung, and Intel, as well as memory foundries SK Hynix and Micron Technology. Foundries and wafer fab equipment providers like ASM work closely, which gives the firm insight into the customer's innovation and product road maps. Once a machine is established in a fab, it can generate service revenue for decades.
93GF Score
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