Paradox Interactive ABFRA:ETA 81 Net Current Asset Value is €1.11 as of Mar. 2026, which is 100% below its 10-year median of 49.08. GuruFocus rates FRA:ETA with a GF Score™ of 81/100 and a GF Value™ of €16.16 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 365 Interactive Media companies, Paradox Interactive AB ranks worse than 81.37% 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).
Paradox Interactive AB's net current asset value per share for the quarter that ended in Mar. 2026 was €1.11.
The historical rank and industry rank for Paradox Interactive AB's Net Current Asset Value or its related term are showing as below:
FRA:ETA'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 10.34 Med: 49.08 Max: 2560
Current: 10.8
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of Paradox Interactive AB was 2560.00. The lowest was 10.34. And the median was 49.08.
FRA:ETA's Price-to-Net-Current-Asset-Value is ranked worse than 81.37% of 365
companies
in the Interactive Media industry
Industry Median: 3.67
vs FRA:ETA: 10.80
Paradox Interactive AB (FRA:ETA) 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.
Paradox Interactive AB Net Current Asset Value Related Terms
Paradox Interactive AB Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Paradox Interactive AB'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.
Paradox Interactive AB Net Current Asset Value Chart
FRA:ETA vs NTES, EA, TTWO: Net Current Asset Value Comparison
For the Electronic Gaming & Multimedia subindustry, Paradox Interactive AB'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.
Paradox Interactive AB Price-to-Net-Current-Asset-Value vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Paradox Interactive AB's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Paradox Interactive AB'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 €1.11 mean?
Paradox Interactive AB (FRA:ETA) has a Net Current Asset Value of €1.11 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 Paradox Interactive AB and its competitors. This is 98% below median its historical median of 49.08. Over the past decade, Paradox Interactive AB's Net Current Asset Value has ranged from 10.34 to 2,560.00. According to the industry distribution chart, Paradox Interactive AB ranks #297 out of 365 companies in the Interactive Media industry, placing it in the top 81.4%.
Is Paradox Interactive AB's Net Current Asset Value too high?
Paradox Interactive AB's current Net Current Asset Value of €1.11 is 98% below median its 10-year median of 49.08. Over the past 10 years, this metric has ranged from a low of 10.34 to a high of 2,560.00. Based on the distribution chart, Paradox Interactive AB ranks #297 out of 365 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Paradox Interactive AB has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Paradox Interactive AB's Net Current Asset Value compare to NTES and EA?
According to the Interactive Media industry distribution chart, Paradox Interactive AB ranks #297 out of 365 companies for Net Current Asset Value. This places Paradox Interactive AB in the lower half of its industry. The industry median Net Current Asset Value is 3.67. Historically, Paradox Interactive AB's own Net Current Asset Value has ranged from 10.34 to 2,560.00 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 Interactive Media company?
The median Net Current Asset Value among Interactive Media companies is 3.67, based on 365 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 Paradox Interactive AB and its competitors. For the Interactive Media industry, the median Net Current Asset Value is 3.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paradox Interactive AB's current Net Current Asset Value is €1.11, which is 98% below median its own 10-year median of 49.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paradox Interactive AB stock overvalued right now?
Based on GuruFocus' analysis, Paradox Interactive AB (FRA:ETA) is currently considered Modestly Undervalued. The stock's GF Value™ is €16.16, compared to a current price of €11.88 — trading 26.5% below its estimated fair value. The current Net Current Asset Value is €1.11, which is 98% below median its 10-year median of 49.08. Paradox Interactive AB's overall GF Score™ is 81/100 with 5 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 Paradox Interactive AB (FRA:ETA), the current Net Current Asset Value is €1.11 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 Paradox Interactive AB (FRA:ETA) Overvalued in 2026?
Based on GuruFocus' analysis, Paradox Interactive AB stock appears to be undervalued.
The current stock price of €11.88 is trading 26.5% below its estimated GF Value™ of €16.16.
GuruFocus considers Paradox Interactive AB to be Modestly Undervalued.
Key valuation signals for FRA:ETA:
Net Current Asset Value: €1.11 (98% below median its 10-year median of 49.08)
GF Value™: €16.16 vs. price of €11.88 (26.5% below fair value)
No single metric tells the full story. See the FRA:ETA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Paradox Interactive AB is a Swedish company. It is engaged in the development and publishing of PC-based games. The company's product portfolio includes franchise brands such as Stellaris, Europa Universalis, Hearts of Iron, Crusader Kings, Cities, Skylines, Tyranny and Magicka. Paradox is also involved in the publishing and internal development of games and licensing of White Wolf's brands. The company distributes its games through the digital platform Steam as well as on Apple, Google Play, and Sony stores. It operates its business across the world. The majority of the company's revenue comes from the United States, while it also has its presence in Sweden, Rest of Europe and Rest of the World.
81GF Score
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