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Shima Seiki MfgFRA:2ME +1.02%67 Net Current Asset Value is €8.95 as of Mar. 2026, which is 100% below its 10-year median of 1.04. GuruFocus rates FRA:2ME with a GF Score™ of 67/100 and a GF Value™ of €6.45. The stock has 4 warning signs investors should review. Among 2,214 Industrial Products companies, Shima Seiki Mfg ranks better than 98.55% 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).
Shima Seiki Mfg's net current asset value per share for the quarter that ended in Mar. 2026 was €8.95.
The historical rank and industry rank for Shima Seiki Mfg's Net Current Asset Value or its related term are showing as below:
FRA:2ME'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.54 Med: 1.04 Max: 3.33
Current: 0.57
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Shima Seiki Mfg was 3.33. The lowest was 0.54. And the median was 1.04.
FRA:2ME's Price-to-Net-Current-Asset-Value is ranked better than 98.55% of 2214
companies
in the Industrial Products industry
Industry Median: 5.175
vs FRA:2ME: 0.57
Shima Seiki Mfg (FRA:2ME) 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.
Shima Seiki Mfg Net Current Asset Value Related Terms
Shima Seiki Mfg Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Shima Seiki Mfg'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:2ME vs GEV, ETN, PH: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, Shima Seiki Mfg'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.
Shima Seiki Mfg Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shima Seiki Mfg's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Shima Seiki Mfg'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 €8.95 mean?
Shima Seiki Mfg (FRA:2ME) has a Net Current Asset Value of €8.95 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 Shima Seiki Mfg and its competitors. This is 761% above median its historical median of 1.04. Over the past decade, Shima Seiki Mfg's Net Current Asset Value has ranged from 0.54 to 3.33. According to the industry distribution chart, Shima Seiki Mfg ranks #32 out of 2214 companies in the Industrial Products industry, placing it in the top 1.4%.
Is Shima Seiki Mfg's Net Current Asset Value too high?
Shima Seiki Mfg's current Net Current Asset Value of €8.95 is 761% above median its 10-year median of 1.04. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 3.33. Based on the distribution chart, Shima Seiki Mfg ranks #32 out of 2214 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Shima Seiki Mfg has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Shima Seiki Mfg's Net Current Asset Value compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Shima Seiki Mfg ranks #32 out of 2214 companies for Net Current Asset Value. This places Shima Seiki Mfg in the top 1% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.18. Historically, Shima Seiki Mfg's own Net Current Asset Value has ranged from 0.54 to 3.33 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 Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.18, based on 2,214 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 Shima Seiki Mfg and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shima Seiki Mfg's current Net Current Asset Value is €8.95, which is 761% above median its own 10-year median of 1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shima Seiki Mfg stock overvalued right now?
Shima Seiki Mfg (FRA:2ME) has a current Net Current Asset Value of €8.95. The stock's GF Value™ is €6.45, compared to a current price of €4.75 — trading 26.3% below its estimated fair value. The current Net Current Asset Value is €8.95, which is 761% above median its 10-year median of 1.04. Shima Seiki Mfg's overall GF Score™ is 67/100 with 4 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 Shima Seiki Mfg (FRA:2ME), the current Net Current Asset Value is €8.95 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 Shima Seiki Mfg (FRA:2ME) Overvalued in 2026?
Based on GuruFocus' analysis, Shima Seiki Mfg stock appears to be undervalued.
The current stock price of €4.75 is trading 26.3% below its estimated GF Value™ of €6.45.
Key valuation signals for FRA:2ME:
Net Current Asset Value: €8.95 (761% above median its 10-year median of 1.04)
GF Value™: €6.45 vs. price of €4.75 (26.3% below fair value)
No single metric tells the full story. See the FRA:2ME stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shima Seiki Mfg Ltd is a Japan-based company that is engaged in developing, manufacturing, selling, and servicing computerized flat knitting machines, design systems, automatic fabric-cutting machines, and glove- and sock-knitting machines. The company's products are applied in apparel, knitting, weaving, printing, circular knitting, interior furnishings, automotive, aerospace, and other industrial materials. Flat knitting machines account for the majority of the company's sales. Shima Seiki generates most of its sales from Asia and Europe.
67GF 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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