Naked WinesFRA:MWJ -2.48%44 Net Current Asset Value is €0.75 as of Sep. 2025, which is 100% below its 10-year median of 3.40. GuruFocus rates FRA:MWJ with a GF Score™ of 44/100 and a GF Value™ of €0.45. The stock has 5 warning signs investors should review. Among 118 Beverages - Alcoholic companies, Naked Wines ranks better than 92.37% 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).
Naked Wines's net current asset value per share for the quarter that ended in Sep. 2025 was €0.75.
The historical rank and industry rank for Naked Wines's Net Current Asset Value or its related term are showing as below:
FRA:MWJ'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.67 Med: 3.4 Max: 199
Current: 1.08
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Naked Wines was 199.00. The lowest was 0.67. And the median was 3.40.
FRA:MWJ's Price-to-Net-Current-Asset-Value is ranked better than 92.37% of 118
companies
in the Beverages - Alcoholic industry
Industry Median: 5.14
vs FRA:MWJ: 1.08
Naked Wines (FRA:MWJ) 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.
Naked Wines Net Current Asset Value Related Terms
Naked Wines Net Current Asset Value Historical Data
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The historical data trend for Naked Wines'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:MWJ vs BF.B: Net Current Asset Value Comparison
For the Beverages - Wineries & Distilleries subindustry, Naked Wines'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.
Naked Wines Price-to-Net-Current-Asset-Value vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Naked Wines's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Naked Wines'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 €0.75 mean?
Naked Wines (FRA:MWJ) has a Net Current Asset Value of €0.75 as of Sep. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Naked Wines and its competitors. This is 78% below median its historical median of 3.40. Over the past decade, Naked Wines' Net Current Asset Value has ranged from 0.67 to 199.00. According to the industry distribution chart, Naked Wines ranks #9 out of 118 companies in the Beverages - Alcoholic industry, placing it in the top 7.6%.
Is Naked Wines' Net Current Asset Value too high?
Naked Wines' current Net Current Asset Value of €0.75 is 78% below median its 10-year median of 3.40. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 199.00. Based on the distribution chart, Naked Wines ranks #9 out of 118 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Naked Wines has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Naked Wines' Net Current Asset Value compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Naked Wines ranks #9 out of 118 companies for Net Current Asset Value. This places Naked Wines in the top 8% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.14. Historically, Naked Wines' own Net Current Asset Value has ranged from 0.67 to 199.00 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 a Beverages - Alcoholic company?
The median Net Current Asset Value among Beverages - Alcoholic companies is 5.14, based on 118 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 Naked Wines and its competitors. For the Beverages - Alcoholic industry, the median Net Current Asset Value is 5.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Naked Wines's current Net Current Asset Value is €0.75, which is 78% below median its own 10-year median of 3.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naked Wines stock overvalued right now?
Naked Wines (FRA:MWJ) has a current Net Current Asset Value of €0.75. The stock's GF Value™ is €0.45, compared to a current price of €0.79 — trading 74.7% above its estimated fair value. The current Net Current Asset Value is €0.75, which is 78% below median its 10-year median of 3.40. Naked Wines' overall GF Score™ is 44/100 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 Naked Wines (FRA:MWJ), the current Net Current Asset Value is €0.75 as of Sep. 2025. 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 Naked Wines (FRA:MWJ) Overvalued in 2026?
Based on GuruFocus' analysis, Naked Wines stock appears to be overvalued.
The current stock price of €0.79 is trading 74.7% above its estimated GF Value™ of €0.45.
Key valuation signals for FRA:MWJ:
Net Current Asset Value: €0.75 (78% below median its 10-year median of 3.40)
GF Value™: €0.45 vs. price of €0.79 (74.7% above fair value)
No single metric tells the full story. See the FRA:MWJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Naked Wines PLC is engaged in the retailing of wines and spirits. The company's operating segment includes Naked Wines. Its geographical segments are United States, United Kingdom, and Australia.
44GF Score
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