Aiming (FRA:23Q) Net Current Asset Value: €0.64 (As of Dec. 2025) — 78% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:23Q Aiming Inc FRA:23Q
59 GF Score
Price €1.03
GF Value €1.05
! 3 Warning Signs
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What is Aiming Net Current Asset Value?

Aiming FRA:23Q +0.98% 59 Net Current Asset Value is €0.64 as of Dec. 2025, which is 100% below its 10-year median of 2.94. GuruFocus rates FRA:23Q with a GF Score™ of 59/100 and a GF Value™ of €1.05. The stock has 3 warning signs investors should review. Among 365 Interactive Media companies, Aiming ranks better than 77.53% 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).

Aiming's net current asset value per share for the quarter that ended in Dec. 2025 was €0.64.

The historical rank and industry rank for Aiming's Net Current Asset Value or its related term are showing as below:

FRA:23Q' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.59   Med: 2.94   Max: 16.01
Current: 1.63

During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Aiming was 16.01. The lowest was 1.59. And the median was 2.94.

FRA:23Q's Price-to-Net-Current-Asset-Value is ranked better than
77.53% of 365 companies
in the Interactive Media industry
Industry Median: 3.5 vs FRA:23Q: 1.63

Aiming  (FRA:23Q) 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 Graham’s 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.


Aiming Net Current Asset Value Related Terms


Aiming Net Current Asset Value Historical Data

* Premium members only.

The historical data trend for Aiming'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.

Aiming Net Current Asset Value Chart

Aiming Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.13 1.06 0.49 0.58 0.64

Aiming Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.64 0.62 0.64 0.64 0.68

FRA:23Q vs NTES, EA, TTWO: Net Current Asset Value Comparison

For the Electronic Gaming & Multimedia subindustry, Aiming'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.


Aiming Price-to-Net-Current-Asset-Value vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Aiming's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Aiming's Price-to-Net-Current-Asset-Value falls into.


FRA:23Q
59GF Score
Aiming Inc FRA:23Q
Net Current Asset Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Aiming Net Current Asset Value Calculation

Aiming's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net Current Asset Value Per Share(A: Dec. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(42.765-12.647-0.111-0)/46.668
=0.64

Aiming's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2025 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(42.765-12.647-0.111-0)/46.668
=0.64

* 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 €0.64 mean?
Aiming (FRA:23Q) has a Net Current Asset Value of €0.64 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 Aiming and its competitors. This is 78% below median its historical median of 2.94. Over the past decade, Aiming's Net Current Asset Value has ranged from 1.59 to 16.01. According to the industry distribution chart, Aiming ranks #82 out of 365 companies in the Interactive Media industry, placing it in the top 22.5%.
Is Aiming's Net Current Asset Value too high?
Aiming's current Net Current Asset Value of €0.64 is 78% below median its 10-year median of 2.94. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 16.01. Based on the distribution chart, Aiming ranks #82 out of 365 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Aiming has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Aiming's Net Current Asset Value compare to NTES and EA?
According to the Interactive Media industry distribution chart, Aiming ranks #82 out of 365 companies for Net Current Asset Value. This places Aiming in the top 23% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.50. Historically, Aiming's own Net Current Asset Value has ranged from 1.59 to 16.01 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 3.50, based on 365 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 Aiming and its competitors. For the Interactive Media industry, the median Net Current Asset Value is 3.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aiming's current Net Current Asset Value is €0.64, which is 78% below median its own 10-year median of 2.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aiming stock overvalued right now?
Aiming (FRA:23Q) has a current Net Current Asset Value of €0.64. The stock's GF Value™ is €1.05, compared to a current price of €1.03 — trading 1.9% below its estimated fair value. The current Net Current Asset Value is €0.64, which is 78% below median its 10-year median of 2.94. Aiming's overall GF Score™ is 59/100 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 Aiming (FRA:23Q), the current Net Current Asset Value is €0.64 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 Aiming (FRA:23Q) Overvalued in 2026?

Based on GuruFocus' analysis, Aiming stock appears to be undervalued. The current stock price of €1.03 is trading 1.9% below its estimated GF Value™ of €1.05.

Key valuation signals for FRA:23Q:

  • Net Current Asset Value: €0.64 (78% below median its 10-year median of 2.94)
  • GF Value™: €1.05 vs. price of €1.03 (1.9% below fair value)
  • GF Score™: 59/100 with 3 warning signs

No single metric tells the full story. See the FRA:23Q stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aiming Business Description

Other Exchanges 3911:Japan
Address 5-31-11 Sendagaya, 5th Floor, Sumitomo Fudosan Shinjuku South Exit Building, Shibuya-ku, Tokyo, JPN, 151-005
Aiming Inc engages in the online game business. It develops and operates social games intended for smartphones, and the applications are distributed through different platforms. It also provides game licenses held by the Group to other distributors. The company's products include Inazuma Eleven Cross, Power Pro Adventures, WIND BREAKER: A Heroic Tale of Delinquents, Legend of the Galactic Heroes: Die Neue Saga, etc. It operates in a single segment, "Online Game Business," which is broadly divided into two categories: i) Online game distribution services and ii) Online game production/operation outsourcing services.
59GF Score

Get the complete analysis for FRA:23Q

Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.03
Price
€1.05
GF Value