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MSC Industrial Direct CoFRA:98M +2.58%80 Net Current Asset Value is €3.07 as of May. 2026, which is 100% below its 10-year median of 31.79. GuruFocus rates FRA:98M with a GF Score™ of 80/100 and a GF Value™ of €79.85 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 105 Industrial Distribution companies, MSC Industrial Direct Co ranks worse than 96.19% 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).
MSC Industrial Direct Co's net current asset value per share for the quarter that ended in May. 2026 was €3.07.
The historical rank and industry rank for MSC Industrial Direct Co's Net Current Asset Value or its related term are showing as below:
FRA:98M'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 10.18 Med: 31.79 Max: 1684.2
Current: 34.57
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of MSC Industrial Direct Co was 1684.20. The lowest was 10.18. And the median was 31.79.
FRA:98M's Price-to-Net-Current-Asset-Value is ranked worse than 96.19% of 105
companies
in the Industrial Distribution industry
Industry Median: 2.58
vs FRA:98M: 34.57
MSC Industrial Direct Co (FRA:98M) 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.
MSC Industrial Direct Co Net Current Asset Value Related Terms
MSC Industrial Direct Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for MSC Industrial Direct Co'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.
MSC Industrial Direct Co Net Current Asset Value Chart
FRA:98M vs POOL, XMTR, SITE: Net Current Asset Value Comparison
For the Industrial Distribution subindustry, MSC Industrial Direct Co'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.
MSC Industrial Direct Co Price-to-Net-Current-Asset-Value vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, MSC Industrial Direct Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where MSC Industrial Direct Co'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 €3.07 mean?
MSC Industrial Direct Co (FRA:98M) has a Net Current Asset Value of €3.07 as of May. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on MSC Industrial Direct Co and its competitors. This is 90% below median its historical median of 31.79. Over the past decade, MSC Industrial Direct Co's Net Current Asset Value has ranged from 10.18 to 1,684.20. According to the industry distribution chart, MSC Industrial Direct Co ranks #101 out of 105 companies in the Industrial Distribution industry, placing it in the top 96.2%.
Is MSC Industrial Direct Co's Net Current Asset Value too high?
MSC Industrial Direct Co's current Net Current Asset Value of €3.07 is 90% below median its 10-year median of 31.79. Over the past 10 years, this metric has ranged from a low of 10.18 to a high of 1,684.20. Based on the distribution chart, MSC Industrial Direct Co ranks #101 out of 105 companies in the Industrial Distribution industry, which is in the bottom quartile relative to peers. Overall, MSC Industrial Direct Co has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MSC Industrial Direct Co's Net Current Asset Value compare to POOL and XMTR?
According to the Industrial Distribution industry distribution chart, MSC Industrial Direct Co ranks #101 out of 105 companies for Net Current Asset Value. This places MSC Industrial Direct Co in the lower half of its industry. The industry median Net Current Asset Value is 2.58. Historically, MSC Industrial Direct Co's own Net Current Asset Value has ranged from 10.18 to 1,684.20 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 2.58, based on 105 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 MSC Industrial Direct Co and its competitors. For the Industrial Distribution industry, the median Net Current Asset Value is 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MSC Industrial Direct Co's current Net Current Asset Value is €3.07, which is 90% below median its own 10-year median of 31.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MSC Industrial Direct Co stock overvalued right now?
Based on GuruFocus' analysis, MSC Industrial Direct Co (FRA:98M) is currently considered Significantly Overvalued. The stock's GF Value™ is €79.85, compared to a current price of €107.50 — trading 34.6% above its estimated fair value. The current Net Current Asset Value is €3.07, which is 90% below median its 10-year median of 31.79. MSC Industrial Direct Co's overall GF Score™ is 80/100 with 8 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 MSC Industrial Direct Co (FRA:98M), the current Net Current Asset Value is €3.07 as of May. 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 MSC Industrial Direct Co (FRA:98M) Overvalued in 2026?
Based on GuruFocus' analysis, MSC Industrial Direct Co stock appears to be overvalued.
The current stock price of €107.50 is trading 34.6% above its estimated GF Value™ of €79.85.
GuruFocus considers MSC Industrial Direct Co to be Significantly Overvalued.
Key valuation signals for FRA:98M:
Net Current Asset Value: €3.07 (90% below median its 10-year median of 31.79)
GF Value™: €79.85 vs. price of €107.50 (34.6% above fair value)
No single metric tells the full story. See the FRA:98M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1941, MSC Industrial Direct originally manufactured and sold cutting tools to metalworking shops in New York. Through a series of acquisitions and organic expansions, MSC has grown into an industrial distribution powerhouse with a focus on specialized metalworking products and services. The firm also distributes a wide breadth of maintenance, repair, and operations supplies. MSC primarily operates in North America, where it derives over 95% of its revenue.
80GF 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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