Crescent BiopharmaFRA:C68 18 Net Current Asset Value is €5.53 as of Mar. 2026, which is 100% below its 10-year median of 1.95. GuruFocus rates FRA:C68 with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 942 Biotechnology companies, Crescent Biopharma ranks better than 71.44% 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).
Crescent Biopharma's net current asset value per share for the quarter that ended in Mar. 2026 was €5.53.
The historical rank and industry rank for Crescent Biopharma's Net Current Asset Value or its related term are showing as below:
FRA:C68'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.83 Med: 1.95 Max: 2.87
Current: 2.71
During the past 2 years, the highest Price-to-Net-Current-Asset-Value Ratio of Crescent Biopharma was 2.87. The lowest was 1.83. And the median was 1.95.
FRA:C68's Price-to-Net-Current-Asset-Value is ranked better than 71.44% of 942
companies
in the Biotechnology industry
Industry Median: 4.94
vs FRA:C68: 2.71
Crescent Biopharma (FRA:C68) 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.
Crescent Biopharma Net Current Asset Value Related Terms
Crescent Biopharma Net Current Asset Value Historical Data
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The historical data trend for Crescent Biopharma'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:C68 vs KYTX, ZURA, ARVN: Net Current Asset Value Comparison
For the Biotechnology subindustry, Crescent Biopharma'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.
Crescent Biopharma Price-to-Net-Current-Asset-Value vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Crescent Biopharma's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Crescent Biopharma'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 €5.53 mean?
Crescent Biopharma (FRA:C68) has a Net Current Asset Value of €5.53 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 Crescent Biopharma and its competitors. This is 184% above median its historical median of 1.95. Over the past decade, Crescent Biopharma's Net Current Asset Value has ranged from 1.83 to 2.87. According to the industry distribution chart, Crescent Biopharma ranks #269 out of 942 companies in the Biotechnology industry, placing it in the top 28.6%.
Is Crescent Biopharma's Net Current Asset Value too high?
Crescent Biopharma's current Net Current Asset Value of €5.53 is 184% above median its 10-year median of 1.95. Over the past 10 years, this metric has ranged from a low of 1.83 to a high of 2.87. Based on the distribution chart, Crescent Biopharma ranks #269 out of 942 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Crescent Biopharma has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Crescent Biopharma's Net Current Asset Value compare to KYTX and ZURA?
According to the Biotechnology industry distribution chart, Crescent Biopharma ranks #269 out of 942 companies for Net Current Asset Value. This puts Crescent Biopharma in the upper half of its industry. The industry median Net Current Asset Value is 4.94. Historically, Crescent Biopharma's own Net Current Asset Value has ranged from 1.83 to 2.87 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 Biotechnology company?
The median Net Current Asset Value among Biotechnology companies is 4.94, based on 942 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 Crescent Biopharma and its competitors. For the Biotechnology industry, the median Net Current Asset Value is 4.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Crescent Biopharma's current Net Current Asset Value is €5.53, which is 184% above median its own 10-year median of 1.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Crescent Biopharma stock overvalued right now?
Crescent Biopharma (FRA:C68) has a current Net Current Asset Value of €5.53. The current Net Current Asset Value is €5.53, which is 184% above median its 10-year median of 1.95. Crescent Biopharma's overall GF Score™ is 18/100 with 2 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 Crescent Biopharma (FRA:C68), the current Net Current Asset Value is €5.53 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.
Crescent Biopharma Inc is a biopharmaceutical company developing novel therapeutics to treat solid tumors, led by CR-001, a proprietary anti-PD-1/anti-VEGF bispecific antibody. Crescent's pipeline product CR-001 has the potential to deliver improved clinical efficacy and safety over pembrolizumab. CR-001 is a new molecular entity designed to replicate the functional properties of ivonescimab, a cooperative bispecific anti-PD-1/anti-VEGF antibody in development by Akeso Biopharma and Summit Therapeutics that delivered improved efficacy in a head-to-head Phase 3 clinical trial versus Keytruda in non-small cell lung cancer. The company focuses on advancing its second and third programs, CR-002 and CR-003, which are antibody drug conjugates (ADCs) against validated oncology targets.
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