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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).
The historical rank and industry rank for Diamond Estates Wines & Spirits's Net Current Asset Value or its related term are showing as below:
FRA:4WS0'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.65 Med: 8.5 Max: 8.75
Current: 6.7
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Diamond Estates Wines & Spirits was 8.75. The lowest was 6.65. And the median was 8.50.
FRA:4WS0's Price-to-Net-Current-Asset-Value is ranked worse than 57.63% of 118
companies
in the Beverages - Alcoholic industry
Industry Median: 5.505
vs FRA:4WS0: 6.70
Diamond Estates Wines & Spirits (FRA:4WS0) 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.
Diamond Estates Wines & Spirits Net Current Asset Value Related Terms
Diamond Estates Wines & Spirits Net Current Asset Value Historical Data
* 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.
Diamond Estates Wines & Spirits Net Current Asset Value Chart
FRA:4WS0 vs BF.B: Net Current Asset Value Comparison
For the Beverages - Wineries & Distilleries subindustry, Diamond Estates Wines & Spirits'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.
Diamond Estates Wines & Spirits Price-to-Net-Current-Asset-Value vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Diamond Estates Wines & Spirits's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Diamond Estates Wines & Spirits'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 €0.01 mean?
Diamond Estates Wines & Spirits (FRA:4WS0) has a Net Current Asset Value of €0.01 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 Diamond Estates Wines & Spirits and its competitors. This is 100% below median its historical median of 8.50. Over the past decade, Diamond Estates Wines & Spirits' Net Current Asset Value has ranged from 6.65 to 8.75. According to the industry distribution chart, Diamond Estates Wines & Spirits ranks #68 out of 118 companies in the Beverages - Alcoholic industry, placing it in the top 57.6%.
Is Diamond Estates Wines & Spirits' Net Current Asset Value too high?
Diamond Estates Wines & Spirits' current Net Current Asset Value of €0.01 is 100% below median its 10-year median of 8.50. Over the past 10 years, this metric has ranged from a low of 6.65 to a high of 8.75. Based on the distribution chart, Diamond Estates Wines & Spirits ranks #68 out of 118 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Diamond Estates Wines & Spirits has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Diamond Estates Wines & Spirits' Net Current Asset Value compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Diamond Estates Wines & Spirits ranks #68 out of 118 companies for Net Current Asset Value. This places Diamond Estates Wines & Spirits in the lower half of its industry. The industry median Net Current Asset Value is 5.51. Historically, Diamond Estates Wines & Spirits' own Net Current Asset Value has ranged from 6.65 to 8.75 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 Beverages - Alcoholic company?
The median Net Current Asset Value among Beverages - Alcoholic companies is 5.51, based on 118 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 Diamond Estates Wines & Spirits and its competitors. For the Beverages - Alcoholic industry, the median Net Current Asset Value is 5.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Diamond Estates Wines & Spirits's current Net Current Asset Value is €0.01, which is 100% below median its own 10-year median of 8.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Diamond Estates Wines & Spirits stock overvalued right now?
Diamond Estates Wines & Spirits (FRA:4WS0) has a current Net Current Asset Value of €0.01. The stock's GF Value™ is €0.06, compared to a current price of €0.07 — trading 11.7% above its estimated fair value. The current Net Current Asset Value is €0.01, which is 100% below median its 10-year median of 8.50. Diamond Estates Wines & Spirits' overall GF Score™ is 43/100 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 Diamond Estates Wines & Spirits (FRA:4WS0), the current Net Current Asset Value is €0.01 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 Diamond Estates Wines & Spirits (FRA:4WS0) Overvalued in 2026?
Based on GuruFocus' analysis, Diamond Estates Wines & Spirits stock appears to be overvalued.
The current stock price of €0.07 is trading 11.7% above its estimated GF Value™ of €0.06.
Key valuation signals for FRA:4WS0:
Net Current Asset Value: €0.01 (100% below median its 10-year median of 8.50)
GF Value™: €0.06 vs. price of €0.07 (11.7% above fair value)
No single metric tells the full story. See the FRA:4WS0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Diamond Estates Wines & Spirits Business Description
Diamond Estates Wines & Spirits Inc is a Canada-based firm engaged in the production, marketing, and sale of wine and through its agency division, operating as Trajectory Beverage Partners, distribution and marketing activities for various beverage alcohol brands that it represents in Canada. Its operating segments are Distribution and sales of products represented in Canada under agency agreements with third parties, and sales of manufactured wines. The company generates a majority of its revenue from the sale of wines.
43GF Score
Get the complete analysis for FRA:4WS0
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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