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Phoenix New MediaFRA:1PX -0.79%50 Net Current Asset Value is €9.61 as of Mar. 2026, which is 100% below its 10-year median of 0.55. GuruFocus rates FRA:1PX with a GF Score™ of 50/100 and a GF Value™ of €1.97. The stock has 3 warning signs investors should review. Among 366 Interactive Media companies, Phoenix New Media ranks better than 99.73% 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).
Phoenix New Media's net current asset value per share for the quarter that ended in Mar. 2026 was €9.61.
The historical rank and industry rank for Phoenix New Media's Net Current Asset Value or its related term are showing as below:
FRA:1PX'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.12 Med: 0.55 Max: 30.12
Current: 0.14
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Phoenix New Media was 30.12. The lowest was 0.12. And the median was 0.55.
FRA:1PX's Price-to-Net-Current-Asset-Value is ranked better than 99.73% of 366
companies
in the Interactive Media industry
Industry Median: 3.595
vs FRA:1PX: 0.14
Phoenix New Media (FRA:1PX) 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.
Phoenix New Media Net Current Asset Value Related Terms
Phoenix New Media Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Phoenix New Media'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.
FRA:1PX vs SFUNY, CHAI, NAMI: Net Current Asset Value Comparison
For the Internet Content & Information subindustry, Phoenix New Media'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.
Phoenix New Media Price-to-Net-Current-Asset-Value vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Phoenix New Media's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Phoenix New Media'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 €9.61 mean?
Phoenix New Media (FRA:1PX) has a Net Current Asset Value of €9.61 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 Phoenix New Media and its competitors. This is 1647% above median its historical median of 0.55. Over the past decade, Phoenix New Media's Net Current Asset Value has ranged from 0.12 to 30.12. According to the industry distribution chart, Phoenix New Media ranks #1 out of 366 companies in the Interactive Media industry, placing it in the top 0.3%.
Is Phoenix New Media's Net Current Asset Value too high?
Phoenix New Media's current Net Current Asset Value of €9.61 is 1647% above median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 30.12. Based on the distribution chart, Phoenix New Media ranks #1 out of 366 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Phoenix New Media has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Phoenix New Media's Net Current Asset Value compare to SFUNY and CHAI?
According to the Interactive Media industry distribution chart, Phoenix New Media ranks #1 out of 366 companies for Net Current Asset Value. This places Phoenix New Media in the top 0% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.60. Historically, Phoenix New Media's own Net Current Asset Value has ranged from 0.12 to 30.12 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 Interactive Media company?
The median Net Current Asset Value among Interactive Media companies is 3.60, based on 366 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 Phoenix New Media and its competitors. For the Interactive Media industry, the median Net Current Asset Value is 3.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phoenix New Media's current Net Current Asset Value is €9.61, which is 1647% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phoenix New Media stock overvalued right now?
Phoenix New Media (FRA:1PX) has a current Net Current Asset Value of €9.61. The stock's GF Value™ is €1.97, compared to a current price of €1.26 — trading 36% below its estimated fair value. The current Net Current Asset Value is €9.61, which is 1647% above median its 10-year median of 0.55. Phoenix New Media's overall GF Score™ is 50/100 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 Phoenix New Media (FRA:1PX), the current Net Current Asset Value is €9.61 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 Phoenix New Media (FRA:1PX) Overvalued in 2026?
Based on GuruFocus' analysis, Phoenix New Media stock appears to be undervalued.
The current stock price of €1.26 is trading 36% below its estimated GF Value™ of €1.97.
Key valuation signals for FRA:1PX:
Net Current Asset Value: €9.61 (1647% above median its 10-year median of 0.55)
GF Value™: €1.97 vs. price of €1.26 (36% below fair value)
No single metric tells the full story. See the FRA:1PX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Phoenix New Media Ltd is a media company providing premium content on an integrated platform across the internet, mobile and TV channels in China. The company organizes its operations into two main segments: Net advertising services and Paid services. It provides its content and services through three channels: ifeng.com channel, video channel, and mobile channel. The company also offers a wide range of paid services including mobile value-added services, games, and content sales. It generates the majority of its revenue from Net advertising services. Geographically, it derives all of its revenue from PRC.
50GF 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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