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Tree Island SteelFRA:J5W 57 Net Current Asset Value is €0.83 as of Mar. 2026, which is 100% below its 10-year median of 2.21. GuruFocus rates FRA:J5W with a GF Score™ of 57/100 and a GF Value™ of €1.17. The stock has 4 warning signs investors should review. Among 368 Steel companies, Tree Island Steel ranks better than 67.93% 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).
Tree Island Steel's net current asset value per share for the quarter that ended in Mar. 2026 was €0.83.
The historical rank and industry rank for Tree Island Steel's Net Current Asset Value or its related term are showing as below:
FRA:J5W'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.36 Med: 2.21 Max: 14.87
Current: 1.73
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Tree Island Steel was 14.87. The lowest was 1.36. And the median was 2.21.
FRA:J5W's Price-to-Net-Current-Asset-Value is ranked better than 67.93% of 368
companies
in the Steel industry
Industry Median: 2.955
vs FRA:J5W: 1.73
Tree Island Steel (FRA:J5W) 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.
Tree Island Steel Net Current Asset Value Related Terms
Tree Island Steel Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Tree Island Steel'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:J5W vs NUE, STLD, RS: Net Current Asset Value Comparison
For the Steel subindustry, Tree Island Steel'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.
Tree Island Steel Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, Tree Island Steel's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Tree Island Steel'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 €0.83 mean?
Tree Island Steel (FRA:J5W) has a Net Current Asset Value of €0.83 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 Tree Island Steel and its competitors. This is 62% below median its historical median of 2.21. Over the past decade, Tree Island Steel's Net Current Asset Value has ranged from 1.36 to 14.87. According to the industry distribution chart, Tree Island Steel ranks #118 out of 368 companies in the Steel industry, placing it in the top 32.1%.
Is Tree Island Steel's Net Current Asset Value too high?
Tree Island Steel's current Net Current Asset Value of €0.83 is 62% below median its 10-year median of 2.21. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 14.87. Based on the distribution chart, Tree Island Steel ranks #118 out of 368 companies in the Steel industry, which is above the industry midpoint. Overall, Tree Island Steel has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Tree Island Steel's Net Current Asset Value compare to NUE and STLD?
According to the Steel industry distribution chart, Tree Island Steel ranks #118 out of 368 companies for Net Current Asset Value. This puts Tree Island Steel in the upper half of its industry. The industry median Net Current Asset Value is 2.96. Historically, Tree Island Steel's own Net Current Asset Value has ranged from 1.36 to 14.87 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 Steel company?
The median Net Current Asset Value among Steel companies is 2.96, based on 368 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 Tree Island Steel and its competitors. For the Steel industry, the median Net Current Asset Value is 2.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tree Island Steel's current Net Current Asset Value is €0.83, which is 62% below median its own 10-year median of 2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tree Island Steel stock overvalued right now?
Tree Island Steel (FRA:J5W) has a current Net Current Asset Value of €0.83. The stock's GF Value™ is €1.17, compared to a current price of €1.35 — trading 15.4% above its estimated fair value. The current Net Current Asset Value is €0.83, which is 62% below median its 10-year median of 2.21. Tree Island Steel's overall GF Score™ is 57/100 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 Tree Island Steel (FRA:J5W), the current Net Current Asset Value is €0.83 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 Tree Island Steel (FRA:J5W) Overvalued in 2026?
Based on GuruFocus' analysis, Tree Island Steel stock appears to be overvalued.
The current stock price of €1.35 is trading 15.4% above its estimated GF Value™ of €1.17.
Key valuation signals for FRA:J5W:
Net Current Asset Value: €0.83 (62% below median its 10-year median of 2.21)
GF Value™: €1.17 vs. price of €1.35 (15.4% above fair value)
No single metric tells the full story. See the FRA:J5W stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tree Island Steel Ltd is engaged in the manufacturing and sale of steel wire and fabricated steel wire products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated steel products. These products are offered under Tree Island, TI Wire, ToughStrand, ToughPanel, Halsteel, TrueSpec, and K-Lath brands. Tree Island groups its products into the following: Industrial, Commercial Construction, Agricultural, and Residential Construction, of which maximum revenue is generated from the Industrial category. Geographically, the company generates maximum revenue from Canada, and the rest from the United States, and other International markets.
57GF Score
Get the complete analysis for FRA:J5W
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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