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:CIDA's Price-to-Net-Current-Asset-Value is not ranked *
in the Utilities - Regulated industry.
Industry Median: 4.03 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Cia Energetica DE Minas Gerais - Cemig (FRA:CIDA) 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.
Cia Energetica DE Minas Gerais - Cemig Net Current Asset Value Related Terms
Cia Energetica DE Minas Gerais - Cemig 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.
Cia Energetica DE Minas Gerais - Cemig Net Current Asset Value Chart
Cia Energetica DE Minas Gerais - Cemig Annual Data
FRA:CIDA vs NEE, SO, DUK: Net Current Asset Value Comparison
For the Utilities - Regulated Electric subindustry, Cia Energetica DE Minas Gerais - Cemig'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.
Cia Energetica DE Minas Gerais - Cemig Price-to-Net-Current-Asset-Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Cia Energetica DE Minas Gerais - Cemig's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Cia Energetica DE Minas Gerais - Cemig'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?
Cia Energetica DE Minas Gerais - Cemig (FRA:CIDA) 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 Cia Energetica DE Minas Gerais - Cemig and its competitors. According to the industry distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #999999 out of 90 companies in the Utilities - Regulated industry.
Is Cia Energetica DE Minas Gerais - Cemig's Net Current Asset Value too high?
Cia Energetica DE Minas Gerais - Cemig's current Net Current Asset Value is €0.00. Based on the distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #999999 out of 90 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Cia Energetica DE Minas Gerais - Cemig has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cia Energetica DE Minas Gerais - Cemig's Net Current Asset Value compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Cia Energetica DE Minas Gerais - Cemig ranks #999999 out of 90 companies for Net Current Asset Value. This places Cia Energetica DE Minas Gerais - Cemig in the lower half of its industry. The industry median Net Current Asset Value is 4.03. 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 Utilities - Regulated company?
The median Net Current Asset Value among Utilities - Regulated companies is 4.03, based on 90 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 Cia Energetica DE Minas Gerais - Cemig and its competitors. For the Utilities - Regulated industry, the median Net Current Asset Value is 4.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cia Energetica DE Minas Gerais - Cemig'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 Cia Energetica DE Minas Gerais - Cemig stock overvalued right now?
Based on GuruFocus' analysis, Cia Energetica DE Minas Gerais - Cemig (FRA:CIDA) is currently considered Significantly Undervalued. The stock's GF Value™ is €397.19, compared to a current price of €1.71 — trading 99.6% below its estimated fair value. The current Net Current Asset Value is €0.00. Cia Energetica DE Minas Gerais - Cemig's overall GF Score™ is 63/100 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 Cia Energetica DE Minas Gerais - Cemig (FRA:CIDA), 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.
Is Cia Energetica DE Minas Gerais - Cemig (FRA:CIDA) Overvalued in 2026?
Based on GuruFocus' analysis, Cia Energetica DE Minas Gerais - Cemig stock appears to be undervalued.
The current stock price of €1.71 is trading 99.6% below its estimated GF Value™ of €397.19.
GuruFocus considers Cia Energetica DE Minas Gerais - Cemig to be Significantly Undervalued.
Key valuation signals for FRA:CIDA:
Net Current Asset Value: €0.00
GF Value™: €397.19 vs. price of €1.71 (99.6% below fair value)
No single metric tells the full story. See the FRA:CIDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cia Energetica DE Minas Gerais - Cemig Business Description
Cia Energetica DE Minas Gerais - Cemig is a Brazilian energy company engaged in the generation, transmission, distribution, and commercialization of electricity, as well as natural gas distribution. The company operates through six segments: Generation, Transmission, Trading, Distribution, Gas, and Investees. Its activities include power generation mainly from hydroelectric sources, operation and maintenance of transmission and distribution infrastructure, electricity sales to captive and free-market customers, and gas distribution in Minas Gerais. The company derives a majority of its revenue from the Distribution segment, which comprises the distribution and sale of electricity to captive customers, and the operation and maintenance of infrastructure and related services.
63GF Score
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