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).
Fabasoft AG's net current asset value per share for the quarter that ended in Mar. 2026 was $-0.33.
The historical rank and industry rank for Fabasoft AG's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Fabasoft AG was 59.19. The lowest was 8.08. And the median was 15.69.
FBSFF's Price-to-Net-Current-Asset-Value is not ranked *
in the Software industry.
Industry Median: 4.83 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Fabasoft AG (OTCPK:FBSFF) 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.
Fabasoft AG Net Current Asset Value Related Terms
Fabasoft AG Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Fabasoft 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.
FBSFF vs UBER, SHOP, CRM: Net Current Asset Value Comparison
For the Software - Application subindustry, Fabasoft 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.
Fabasoft AG Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Fabasoft AG's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Fabasoft 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 $-0.33 mean?
Fabasoft AG (FBSFF) has a Net Current Asset Value of $-0.33 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 Fabasoft AG and its competitors. Over the past decade, Fabasoft AG's Net Current Asset Value has ranged from 8.08 to 59.19. According to the industry distribution chart, Fabasoft AG ranks #999999 out of 1755 companies in the Software industry.
Is Fabasoft AG's Net Current Asset Value too high?
Fabasoft AG's current Net Current Asset Value is $-0.33. Over the past 10 years, this metric has ranged from a low of 8.08 to a high of 59.19. Based on the distribution chart, Fabasoft AG ranks #999999 out of 1755 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Fabasoft AG has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Fabasoft AG's Net Current Asset Value compare to UBER and SHOP?
According to the Software industry distribution chart, Fabasoft AG ranks #999999 out of 1755 companies for Net Current Asset Value. This places Fabasoft AG in the lower half of its industry. The industry median Net Current Asset Value is 4.83. Historically, Fabasoft AG's own Net Current Asset Value has ranged from 8.08 to 59.19 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 Software company?
The median Net Current Asset Value among Software companies is 4.83, based on 1,755 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 Fabasoft AG and its competitors. For the Software industry, the median Net Current Asset Value is 4.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fabasoft AG's current Net Current Asset Value is $-0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fabasoft AG stock overvalued right now?
Fabasoft AG (FBSFF) has a current Net Current Asset Value of $-0.33. The stock's GF Value™ is $26.53, compared to a current price of $18.75 — trading 29.3% below its estimated fair value. The current Net Current Asset Value is $-0.33. Fabasoft AG's overall GF Score™ is 83/100 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 Fabasoft AG (FBSFF), the current Net Current Asset Value is $-0.33 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 Fabasoft AG (FBSFF) Overvalued in 2026?
Based on GuruFocus' analysis, Fabasoft AG stock appears to be undervalued.
The current stock price of $18.75 is trading 29.3% below its estimated GF Value™ of $26.53.
Key valuation signals for FBSFF:
Net Current Asset Value: $-0.33
GF Value™: $26.53 vs. price of $18.75 (29.3% below fair value)
No single metric tells the full story. See the FBSFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fabasoft AG is a software manufacturer and provider of cloud services for the digital control of documents as well as electronic document, process, and record management. The software ensures the consistent capture, organization, secure storage, and context-sensitive findings of all digital business documents and the media-neutral multi-channel publishing of digital content. Its software products can be used based on purchasing models with payment of one-off software license fees and optional recurring update fees, or based on recurring usage fees for cloud services, Software-as-a-Service (SaaS). The company earns revenue from sales of software and services. Its business is classified under geographical segments that include Austria, Germany, Switzerland, and Other countries.
83GF Score
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