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).
ALA SpA's net current asset value per share for the quarter that ended in Jun. 2025 was €4.50.
The historical rank and industry rank for ALA SpA's Net Current Asset Value or its related term are showing as below:
FRA:8WD'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.1 Med: 5.54 Max: 8
Current: 8
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of ALA SpA was 8.00. The lowest was 2.10. And the median was 5.54.
FRA:8WD's Price-to-Net-Current-Asset-Value is not ranked
in the Industrial Distribution industry.
Industry Median: 2.65
vs FRA:8WD: 8.00
ALA SpA (FRA:8WD) 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.
ALA SpA Net Current Asset Value Related Terms
ALA SpA Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for ALA SpA'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:8WD vs GWW, FAST, FERG: Net Current Asset Value Comparison
For the Industrial Distribution subindustry, ALA SpA'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.
ALA SpA Price-to-Net-Current-Asset-Value vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, ALA SpA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where ALA SpA'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 €4.50 mean?
ALA SpA (FRA:8WD) has a Net Current Asset Value of €4.50 as of Jun. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on ALA SpA and its competitors. This is 19% below median its historical median of 5.54. Over the past decade, ALA SpA's Net Current Asset Value has ranged from 2.10 to 8.00.
Is ALA SpA's Net Current Asset Value too high?
ALA SpA's current Net Current Asset Value of €4.50 is 19% below median its 10-year median of 5.54. Over the past 10 years, this metric has ranged from a low of 2.10 to a high of 8.00. Overall, ALA SpA has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does ALA SpA's Net Current Asset Value compare to GWW and FAST?
ALA SpA's Net Current Asset Value of €4.50 can be compared against companies in the Industrial Distribution industry. The industry median Net Current Asset Value is 2.65. Historically, ALA SpA's own Net Current Asset Value has ranged from 2.10 to 8.00 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 Distribution company?
The median Net Current Asset Value among Industrial Distribution companies is 2.65, based on 104 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 ALA SpA and its competitors. For the Industrial Distribution industry, the median Net Current Asset Value is 2.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ALA SpA's current Net Current Asset Value is €4.50, which is 19% below median its own 10-year median of 5.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ALA SpA stock overvalued right now?
ALA SpA (FRA:8WD) has a current Net Current Asset Value of €4.50. The stock's GF Value™ is €30.35, compared to a current price of €36.00 — trading 18.6% above its estimated fair value. The current Net Current Asset Value is €4.50, which is 19% below median its 10-year median of 5.54. ALA SpA's overall GF Score™ is 66/100 with 6 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 ALA SpA (FRA:8WD), the current Net Current Asset Value is €4.50 as of Jun. 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 ALA SpA (FRA:8WD) Overvalued in 2026?
Based on GuruFocus' analysis, ALA SpA stock appears to be overvalued.
The current stock price of €36.00 is trading 18.6% above its estimated GF Value™ of €30.35.
Key valuation signals for FRA:8WD:
Net Current Asset Value: €4.50 (19% below median its 10-year median of 5.54)
GF Value™: €30.35 vs. price of €36.00 (18.6% above fair value)
No single metric tells the full story. See the FRA:8WD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ALA SpA is a distributor and supply chain solutions provider to the industrial markets. It is involved in the distribution of components and equipment for use in the civil and military aeronautical sectors. The company also offers integrated logistics services for the rail, energy, and marine sectors. Its various product offerings include power systems, oxygen systems, gate valves, protection valves, fasteners, regulators, and others. Geographically, the company derives maximum revenue from its business in Italy and the rest from other parts of the European Union and other regions.
66GF Score
Get the complete analysis for FRA:8WD
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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