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).
Foresight Group Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was £-0.02.
The historical rank and industry rank for Foresight Group Holdings's Net Current Asset Value or its related term are showing as below:
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of Foresight Group Holdings was 55.63. The lowest was 12.33. And the median was 26.56.
CHIX:FSGl's Price-to-Net-Current-Asset-Value is not ranked *
in the Asset Management industry.
Industry Median: 3.31 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Foresight Group Holdings (CHIX:FSGl) 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.
Foresight Group Holdings Net Current Asset Value Related Terms
Foresight Group Holdings Net Current Asset Value Historical Data
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The historical data trend for Foresight Group Holdings'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.
Foresight Group Holdings Net Current Asset Value Chart
CHIX:FSGL vs BLK, BX, KKR: Net Current Asset Value Comparison
For the Asset Management subindustry, Foresight Group Holdings'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.
Foresight Group Holdings Price-to-Net-Current-Asset-Value vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Foresight Group Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Foresight Group Holdings'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 £-0.02 mean?
Foresight Group Holdings (CHIX:FSGL) has a Net Current Asset Value of £-0.02 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 Foresight Group Holdings and its competitors. Over the past decade, Foresight Group Holdings' Net Current Asset Value has ranged from 12.33 to 55.63. According to the industry distribution chart, Foresight Group Holdings ranks #999999 out of 370 companies in the Asset Management industry.
Is Foresight Group Holdings' Net Current Asset Value too high?
Foresight Group Holdings' current Net Current Asset Value is £-0.02. Over the past 10 years, this metric has ranged from a low of 12.33 to a high of 55.63. Based on the distribution chart, Foresight Group Holdings ranks #999999 out of 370 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Foresight Group Holdings has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Foresight Group Holdings' Net Current Asset Value compare to BLK and BX?
According to the Asset Management industry distribution chart, Foresight Group Holdings ranks #999999 out of 370 companies for Net Current Asset Value. This places Foresight Group Holdings in the lower half of its industry. The industry median Net Current Asset Value is 3.31. Historically, Foresight Group Holdings' own Net Current Asset Value has ranged from 12.33 to 55.63 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 an Asset Management company?
The median Net Current Asset Value among Asset Management companies is 3.31, based on 370 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 Foresight Group Holdings and its competitors. For the Asset Management industry, the median Net Current Asset Value is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Foresight Group Holdings's current Net Current Asset Value is £-0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Foresight Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Foresight Group Holdings (CHIX:FSGL) is currently considered Modestly Undervalued. The stock's GF Value™ is £5.44, compared to a current price of £4.53 — trading 16.8% below its estimated fair value. The current Net Current Asset Value is £-0.02. Foresight Group Holdings' overall GF Score™ is 98/100 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 Foresight Group Holdings (CHIX:FSGL), the current Net Current Asset Value is £-0.02 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 Foresight Group Holdings (CHIX:FSGL) Overvalued in 2026?
Based on GuruFocus' analysis, Foresight Group Holdings stock appears to be undervalued.
The current stock price of £4.53 is trading 16.8% below its estimated GF Value™ of £5.44.
GuruFocus considers Foresight Group Holdings to be Modestly Undervalued.
Key valuation signals for CHIX:FSGL:
Net Current Asset Value: £-0.02
GF Value™: £5.44 vs. price of £4.53 (16.8% below fair value)
No single metric tells the full story. See the CHIX:FSGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Foresight Group Holdings Ltd is an asset management company. The company is an independent infrastructure and private equity investment manager. It invests in renewable energy businesses and social infrastructure projects.
98GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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