Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
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).
FRA:A1Q's Price-to-Net-Current-Asset-Value is not ranked *
in the Insurance industry.
Industry Median: 6.365 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Ategrity Specialty Insurance Co Holdings (FRA:A1Q) 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.
Ategrity Specialty Insurance Co Holdings Net Current Asset Value Related Terms
Ategrity Specialty Insurance Co Holdings 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.
Ategrity Specialty Insurance Co Holdings Net Current Asset Value Chart
Ategrity Specialty Insurance Co Holdings Annual Data
Trend
Dec23
Dec24
Dec25
Net Current Asset Value
0.00
0.00
0.00
Ategrity Specialty Insurance Co Holdings Quarterly Data
FRA:A1Q vs UVE, HGTY, TRUP: Net Current Asset Value Comparison
For the Insurance - Property & Casualty subindustry, Ategrity Specialty Insurance Co Holdings'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.
Ategrity Specialty Insurance Co Holdings Price-to-Net-Current-Asset-Value vs Insurance Industry
For the Insurance industry and Financial Services sector, Ategrity Specialty Insurance Co Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ategrity Specialty Insurance Co Holdings'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 €0.00 mean?
Ategrity Specialty Insurance Co Holdings (FRA:A1Q) has a Net Current Asset Value of €0.00 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 Ategrity Specialty Insurance Co Holdings and its competitors. According to the industry distribution chart, Ategrity Specialty Insurance Co Holdings ranks #999999 out of 26 companies in the Insurance industry.
Is Ategrity Specialty Insurance Co Holdings' Net Current Asset Value too high?
Ategrity Specialty Insurance Co Holdings' current Net Current Asset Value is €0.00. Based on the distribution chart, Ategrity Specialty Insurance Co Holdings ranks #999999 out of 26 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Ategrity Specialty Insurance Co Holdings has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Ategrity Specialty Insurance Co Holdings' Net Current Asset Value compare to UVE and HGTY?
According to the Insurance industry distribution chart, Ategrity Specialty Insurance Co Holdings ranks #999999 out of 26 companies for Net Current Asset Value. This places Ategrity Specialty Insurance Co Holdings in the lower half of its industry. The industry median Net Current Asset Value is 6.37. 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 Insurance company?
The median Net Current Asset Value among Insurance companies is 6.37, based on 26 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 Ategrity Specialty Insurance Co Holdings and its competitors. For the Insurance industry, the median Net Current Asset Value is 6.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ategrity Specialty Insurance Co Holdings's current Net Current Asset Value is €0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ategrity Specialty Insurance Co Holdings stock overvalued right now?
Ategrity Specialty Insurance Co Holdings (FRA:A1Q) has a current Net Current Asset Value of €0.00. The current Net Current Asset Value is €0.00. Ategrity Specialty Insurance Co Holdings' overall GF Score™ is 17/100 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 Ategrity Specialty Insurance Co Holdings (FRA:A1Q), the current Net Current Asset Value is €0.00 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.
Ategrity Specialty Insurance Co Holdings Business Description
Ategrity Specialty Insurance Co Holdings is a specialty property and casualty insurance holding company focused on the excess and surplus market for small to medium-sized businesses (SMBs) across the United States. Operating through its subsidiaries, the company underwrites small and medium-sized commercial risks across selected industry verticals, including Retail, Real Estate, Hospitality, and Construction. Its operating model uses a technology-driven method to standardize, simplify, and, where appropriate, automate these transactions. The group distributes its products through licensed surplus lines brokers and wholesale agents.
17GF Score
Get the complete analysis for FRA:A1Q
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:A1Q has been successfully added to your 
