Applied Industrial TechnologiesFRA:AT4 +1.53%88 Net Current Asset Value is €10.56 as of Mar. 2026, which is 100% below its 10-year median of 15.42. GuruFocus rates FRA:AT4 with a GF Score™ of 88/100 and a GF Value™ of €217.86 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 104 Industrial Distribution companies, Applied Industrial Technologies ranks worse than 94.23% 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).
The historical rank and industry rank for Applied Industrial Technologies's Net Current Asset Value or its related term are showing as below:
FRA:AT4'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 9.51 Med: 15.42 Max: 394.85
Current: 26.81
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Applied Industrial Technologies was 394.85. The lowest was 9.51. And the median was 15.42.
FRA:AT4's Price-to-Net-Current-Asset-Value is ranked worse than 94.23% of 104
companies
in the Industrial Distribution industry
Industry Median: 2.57
vs FRA:AT4: 26.81
Applied Industrial Technologies (FRA:AT4) 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.
Applied Industrial Technologies Net Current Asset Value Related Terms
Applied Industrial Technologies 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.
Applied Industrial Technologies Net Current Asset Value Chart
FRA:AT4 vs QXO, CNM, WSO: Net Current Asset Value Comparison
For the Industrial Distribution subindustry, Applied Industrial Technologies'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.
Applied Industrial Technologies Price-to-Net-Current-Asset-Value vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Applied Industrial Technologies's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Applied Industrial Technologies'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 €10.56 mean?
Applied Industrial Technologies (FRA:AT4) has a Net Current Asset Value of €10.56 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 Applied Industrial Technologies and its competitors. This is 32% below median its historical median of 15.42. Over the past decade, Applied Industrial Technologies' Net Current Asset Value has ranged from 9.51 to 394.85. According to the industry distribution chart, Applied Industrial Technologies ranks #98 out of 104 companies in the Industrial Distribution industry, placing it in the top 94.2%.
Is Applied Industrial Technologies' Net Current Asset Value too high?
Applied Industrial Technologies' current Net Current Asset Value of €10.56 is 32% below median its 10-year median of 15.42. Over the past 10 years, this metric has ranged from a low of 9.51 to a high of 394.85. Based on the distribution chart, Applied Industrial Technologies ranks #98 out of 104 companies in the Industrial Distribution industry, which is in the bottom quartile relative to peers. Overall, Applied Industrial Technologies has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Industrial Technologies' Net Current Asset Value compare to QXO and CNM?
According to the Industrial Distribution industry distribution chart, Applied Industrial Technologies ranks #98 out of 104 companies for Net Current Asset Value. This places Applied Industrial Technologies in the lower half of its industry. The industry median Net Current Asset Value is 2.57. Historically, Applied Industrial Technologies' own Net Current Asset Value has ranged from 9.51 to 394.85 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 2.57, 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 Applied Industrial Technologies and its competitors. For the Industrial Distribution industry, the median Net Current Asset Value is 2.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Industrial Technologies's current Net Current Asset Value is €10.56, which is 32% below median its own 10-year median of 15.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Industrial Technologies stock overvalued right now?
Based on GuruFocus' analysis, Applied Industrial Technologies (FRA:AT4) is currently considered Modestly Overvalued. The stock's GF Value™ is €217.86, compared to a current price of €278.60 — trading 27.9% above its estimated fair value. The current Net Current Asset Value is €10.56, which is 32% below median its 10-year median of 15.42. Applied Industrial Technologies' overall GF Score™ is 88/100 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 Applied Industrial Technologies (FRA:AT4), the current Net Current Asset Value is €10.56 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 Applied Industrial Technologies (FRA:AT4) Overvalued in 2026?
Based on GuruFocus' analysis, Applied Industrial Technologies stock appears to be overvalued.
The current stock price of €278.60 is trading 27.9% above its estimated GF Value™ of €217.86.
GuruFocus considers Applied Industrial Technologies to be Modestly Overvalued.
Key valuation signals for FRA:AT4:
Net Current Asset Value: €10.56 (32% below median its 10-year median of 15.42)
GF Value™: €217.86 vs. price of €278.60 (27.9% above fair value)
No single metric tells the full story. See the FRA:AT4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applied Industrial Technologies Business Description
Applied Industrial Technologies Inc is a distributor of industrial products to the maintenance, repair, and operations market and the original equipment manufacturing industry. Further, the company provides engineering and design services for industrial and fluid power applications. The products include bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, safety products, oilfield supplies, and other industrial and maintenance supplies. The company's reportable segments are; Service Center Based Distribution which derives key revenue, and Engineered Solutions. Geographically, the company derives its key revenue from the United States and the rest from Canada and other countries.
88GF Score
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