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).
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Chocoladefabriken Lindt & Spruengli AG was 109.61. The lowest was 109.61. And the median was 109.61.
CHLSY's Price-to-Net-Current-Asset-Value is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 4.2 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Chocoladefabriken Lindt & Spruengli AG (OTCPK:CHLSY) 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.
Chocoladefabriken Lindt & Spruengli AG Net Current Asset Value Related Terms
Chocoladefabriken Lindt & Spruengli AG 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.
Chocoladefabriken Lindt & Spruengli AG Net Current Asset Value Chart
Chocoladefabriken Lindt & Spruengli AG Annual Data
CHLSY vs MDLZ, HSY, TR: Net Current Asset Value Comparison
For the Confectioners subindustry, Chocoladefabriken Lindt & Spruengli AG'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.
Chocoladefabriken Lindt & Spruengli AG Price-to-Net-Current-Asset-Value vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Chocoladefabriken Lindt & Spruengli AG's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Chocoladefabriken Lindt & Spruengli AG'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 $-0.50 mean?
Chocoladefabriken Lindt & Spruengli AG (CHLSY) has a Net Current Asset Value of $-0.50 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 Chocoladefabriken Lindt & Spruengli AG and its competitors. Over the past decade, Chocoladefabriken Lindt & Spruengli AG's Net Current Asset Value has ranged from 109.61 to 109.61. According to the industry distribution chart, Chocoladefabriken Lindt & Spruengli AG ranks #999999 out of 1050 companies in the Consumer Packaged Goods industry.
Is Chocoladefabriken Lindt & Spruengli AG's Net Current Asset Value too high?
Chocoladefabriken Lindt & Spruengli AG's current Net Current Asset Value is $-0.50. Over the past 10 years, this metric has ranged from a low of 109.61 to a high of 109.61. Based on the distribution chart, Chocoladefabriken Lindt & Spruengli AG ranks #999999 out of 1050 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Chocoladefabriken Lindt & Spruengli AG has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chocoladefabriken Lindt & Spruengli AG's Net Current Asset Value compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Chocoladefabriken Lindt & Spruengli AG ranks #999999 out of 1050 companies for Net Current Asset Value. This places Chocoladefabriken Lindt & Spruengli AG in the lower half of its industry. The industry median Net Current Asset Value is 4.20. Historically, Chocoladefabriken Lindt & Spruengli AG's own Net Current Asset Value has ranged from 109.61 to 109.61 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 Consumer Packaged Goods company?
The median Net Current Asset Value among Consumer Packaged Goods companies is 4.20, based on 1,050 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 Chocoladefabriken Lindt & Spruengli AG and its competitors. For the Consumer Packaged Goods industry, the median Net Current Asset Value is 4.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chocoladefabriken Lindt & Spruengli AG's current Net Current Asset Value is $-0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chocoladefabriken Lindt & Spruengli AG stock overvalued right now?
Based on GuruFocus' analysis, Chocoladefabriken Lindt & Spruengli AG (CHLSY) is currently considered Modestly Undervalued. The stock's GF Value™ is $15.67, compared to a current price of $12.01 — trading 23.4% below its estimated fair value. The current Net Current Asset Value is $-0.50. Chocoladefabriken Lindt & Spruengli AG's overall GF Score™ is 82/100 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 Chocoladefabriken Lindt & Spruengli AG (CHLSY), the current Net Current Asset Value is $-0.50 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 Chocoladefabriken Lindt & Spruengli AG (CHLSY) Overvalued in 2026?
Based on GuruFocus' analysis, Chocoladefabriken Lindt & Spruengli AG stock appears to be undervalued.
The current stock price of $12.01 is trading 23.4% below its estimated GF Value™ of $15.67.
GuruFocus considers Chocoladefabriken Lindt & Spruengli AG to be Modestly Undervalued.
Key valuation signals for CHLSY:
Net Current Asset Value: $-0.50
GF Value™: $15.67 vs. price of $12.01 (23.4% below fair value)
No single metric tells the full story. See the CHLSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chocoladefabriken Lindt & Spruengli AG Business Description
Swiss-based Chocoladefabriken Lindt & Spruengli is a manufacturer of premium chocolate. Key brands include Lindt, Lindor, Ghirardelli, Russell Stover, Whitman's, and Caffarel. The company bought US-based Russell Stover, its largest-ever acquisition, in 2014. It derives the bulk of its sales from Europe (47% of its consolidated base) but also competes in North America (40%) and the rest of the world (13%). The company operates 11 manufacturing plants in Europe and the United States. Its distribution network includes more than 620 own stores.
82GF Score
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