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Lemonsoft OyjFRA:M36 +0.21%75 Net Current Asset Value is €-0.82 as of Mar. 2026. GuruFocus rates FRA:M36 with a GF Score™ of 75/100 and a GF Value™ of €6.74 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,758 Software companies, Lemonsoft Oyj ranks worse than 56882.76% 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).
Lemonsoft Oyj's net current asset value per share for the quarter that ended in Mar. 2026 was €-0.82.
The historical rank and industry rank for Lemonsoft Oyj's Net Current Asset Value or its related term are showing as below:
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Lemonsoft Oyj was 58.22. The lowest was 16.95. And the median was 39.85.
FRA:M36's Price-to-Net-Current-Asset-Value is not ranked *
in the Software industry.
Industry Median: 4.71 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Lemonsoft Oyj (FRA:M36) 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.
Lemonsoft Oyj Net Current Asset Value Related Terms
Lemonsoft Oyj Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Lemonsoft Oyj'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:M36 vs UBER, SHOP, CRM: Net Current Asset Value Comparison
For the Software - Application subindustry, Lemonsoft Oyj'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.
Lemonsoft Oyj Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Lemonsoft Oyj's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Lemonsoft Oyj'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 €-0.82 mean?
Lemonsoft Oyj (FRA:M36) has a Net Current Asset Value of €-0.82 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 Lemonsoft Oyj and its competitors. Over the past decade, Lemonsoft Oyj's Net Current Asset Value has ranged from 16.95 to 58.22. According to the industry distribution chart, Lemonsoft Oyj ranks #999999 out of 1758 companies in the Software industry.
Is Lemonsoft Oyj's Net Current Asset Value too high?
Lemonsoft Oyj's current Net Current Asset Value is €-0.82. Over the past 10 years, this metric has ranged from a low of 16.95 to a high of 58.22. Based on the distribution chart, Lemonsoft Oyj ranks #999999 out of 1758 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Lemonsoft Oyj has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lemonsoft Oyj's Net Current Asset Value compare to UBER and SHOP?
According to the Software industry distribution chart, Lemonsoft Oyj ranks #999999 out of 1758 companies for Net Current Asset Value. This places Lemonsoft Oyj in the lower half of its industry. The industry median Net Current Asset Value is 4.71. Historically, Lemonsoft Oyj's own Net Current Asset Value has ranged from 16.95 to 58.22 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 Software company?
The median Net Current Asset Value among Software companies is 4.71, based on 1,758 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 Lemonsoft Oyj and its competitors. For the Software industry, the median Net Current Asset Value is 4.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lemonsoft Oyj's current Net Current Asset Value is €-0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lemonsoft Oyj stock overvalued right now?
Based on GuruFocus' analysis, Lemonsoft Oyj (FRA:M36) is currently considered Significantly Undervalued. The stock's GF Value™ is €6.74, compared to a current price of €4.72 — trading 30% below its estimated fair value. The current Net Current Asset Value is €-0.82. Lemonsoft Oyj's overall GF Score™ is 75/100 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 Lemonsoft Oyj (FRA:M36), the current Net Current Asset Value is €-0.82 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 Lemonsoft Oyj (FRA:M36) Overvalued in 2026?
Based on GuruFocus' analysis, Lemonsoft Oyj stock appears to be undervalued.
The current stock price of €4.72 is trading 30% below its estimated GF Value™ of €6.74.
GuruFocus considers Lemonsoft Oyj to be Significantly Undervalued.
Key valuation signals for FRA:M36:
Net Current Asset Value: €-0.82
GF Value™: €6.74 vs. price of €4.72 (30% below fair value)
No single metric tells the full story. See the FRA:M36 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lemonsoft Oyj is a Finnish software company that designs, develops, and sells ERP software solutions to streamline its customers' processes across different business lines and administration. The Company operates in the ERP software market in Finland as a service provider for SMEs.
75GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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