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Forbo Holding AGFBOHY 72 Net Current Asset Value is $4.09 as of Dec. 2025, which is 58% below its 10-year median of 9.78. GuruFocus rates FBOHY with a GF Score™ of 72/100 and a GF Value™ of $25.31. The stock has 3 warning signs investors should review. Among 1,061 Construction companies, Forbo Holding AG ranks worse than 61.45% 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).
Forbo Holding AG's net current asset value per share for the quarter that ended in Dec. 2025 was $4.09.
The historical rank and industry rank for Forbo Holding AG's Net Current Asset Value or its related term are showing as below:
FBOHY'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.48 Med: 9.78 Max: 28.41
Current: 4.48
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Forbo Holding AG was 28.41. The lowest was 4.48. And the median was 9.78.
FBOHY's Price-to-Net-Current-Asset-Value is ranked worse than 61.45% of 1061
companies
in the Construction industry
Industry Median: 3.19
vs FBOHY: 4.48
Forbo Holding AG (OTCPK:FBOHY) 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.
Forbo Holding AG Net Current Asset Value Related Terms
Forbo Holding AG Net Current Asset Value Historical Data
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The historical data trend for Forbo Holding AG'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.
FBOHY vs TT, JCI, CARR: Net Current Asset Value Comparison
For the Building Products & Equipment subindustry, Forbo Holding 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.
Forbo Holding AG Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Forbo Holding AG's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Forbo Holding 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 $4.09 mean?
Forbo Holding AG (FBOHY) has a Net Current Asset Value of $4.09 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 Forbo Holding AG and its competitors. This is 58% below median its historical median of 9.78. Over the past decade, Forbo Holding AG's Net Current Asset Value has ranged from 4.48 to 28.41. According to the industry distribution chart, Forbo Holding AG ranks #652 out of 1061 companies in the Construction industry, placing it in the top 61.5%.
Is Forbo Holding AG's Net Current Asset Value too high?
Forbo Holding AG's current Net Current Asset Value of $4.09 is 58% below median its 10-year median of 9.78. Over the past 10 years, this metric has ranged from a low of 4.48 to a high of 28.41. The Construction industry median Net Current Asset Value is 3.19. Forbo Holding AG's value of $4.09 is 28.2% above this industry median. Based on the distribution chart, Forbo Holding AG ranks #652 out of 1061 companies in the Construction industry, which is below the industry midpoint. Overall, Forbo Holding AG has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Forbo Holding AG's Net Current Asset Value compare to TT and JCI?
According to the Construction industry distribution chart, Forbo Holding AG ranks #652 out of 1061 companies for Net Current Asset Value. This places Forbo Holding AG in the lower half of its industry. The industry median Net Current Asset Value is 3.19. Forbo Holding AG's value of $4.09 is 28.2% above this benchmark. Historically, Forbo Holding AG's own Net Current Asset Value has ranged from 4.48 to 28.41 over the past decade. While the company's 10-year median is 9.78 vs. the industry median of 3.19, Forbo Holding AG has consistently been above the industry average. 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.19, based on 1,061 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. Forbo Holding AG's current Net Current Asset Value of $4.09 is 28.2% above the industry median. 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 Forbo Holding AG and its competitors. For the Construction industry, the median Net Current Asset Value is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forbo Holding AG's current Net Current Asset Value is $4.09, which is 58% below median its own 10-year median of 9.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forbo Holding AG stock overvalued right now?
Forbo Holding AG (FBOHY) has a current Net Current Asset Value of $4.09. The stock's GF Value™ is $25.31, compared to a current price of $20.99 — trading 17.1% below its estimated fair value. The current Net Current Asset Value is $4.09, which is 58% below median its 10-year median of 9.78 and 28.2% above the Construction industry median of 3.19. Forbo Holding AG's overall GF Score™ is 72/100 with 3 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 Forbo Holding AG (FBOHY), the current Net Current Asset Value is $4.09 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 Forbo Holding AG (FBOHY) Overvalued in 2026?
Based on GuruFocus' analysis, Forbo Holding AG stock appears to be undervalued.
The current stock price of $20.99 is trading 17.1% below its estimated GF Value™ of $25.31.
Key valuation signals for FBOHY:
Net Current Asset Value: $4.09 (58% below median its 10-year median of 9.78)
GF Value™: $25.31 vs. price of $20.99 (17.1% below fair value)
Industry Position: 28.2% above the Construction median (#652 of 1061)
No single metric tells the full story. See the FBOHY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forbo Holding AG manufactures and sells flooring and movement systems. The company organizes itself into two segments based on product type. The Flooring Systems segment, which generates the majority of revenue, sells commercial and residential floor coverings, entrance flooring systems, and building and construction flooring adhesives to the construction and remodeling industries. The Movement Systems segment sells conveyor and processing belts, plastic modular belts, power transmission belts, and flat modular belts, to the food, automotive, and fitness equipment industries. The majority of revenue comes from Europe, and also has its presence in Americas and Asia/Pacific and Africa.
72GF Score
Get the complete analysis for FBOHY
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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