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Western Forest ProductsFRA:NWF0 +1.79%66 Net Current Asset Value is €2.05 as of Mar. 2026, which is 100% below its 10-year median of 12.90. GuruFocus rates FRA:NWF0 with a GF Score™ of 66/100 and a GF Value™ of €8.10 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 126 Forest Products companies, Western Forest Products ranks worse than 67.46% 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).
Western Forest Products's net current asset value per share for the quarter that ended in Mar. 2026 was €2.05.
The historical rank and industry rank for Western Forest Products's Net Current Asset Value or its related term are showing as below:
FRA:NWF0'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.96 Med: 12.9 Max: 381.18
Current: 5.5
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Western Forest Products was 381.18. The lowest was 2.96. And the median was 12.90.
FRA:NWF0's Price-to-Net-Current-Asset-Value is ranked worse than 67.46% of 126
companies
in the Forest Products industry
Industry Median: 3.045
vs FRA:NWF0: 5.50
Western Forest Products (FRA:NWF0) 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.
Western Forest Products Net Current Asset Value Related Terms
Western Forest Products Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Western Forest Products'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.
Western Forest Products Net Current Asset Value Chart
FRA:NWF0 vs SSD, UFPI, BCC: Net Current Asset Value Comparison
For the Lumber & Wood Production subindustry, Western Forest Products'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.
Western Forest Products Price-to-Net-Current-Asset-Value vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Western Forest Products's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Western Forest Products'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 €2.05 mean?
Western Forest Products (FRA:NWF0) has a Net Current Asset Value of €2.05 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 Western Forest Products and its competitors. This is 84% below median its historical median of 12.90. Over the past decade, Western Forest Products' Net Current Asset Value has ranged from 2.96 to 381.18. According to the industry distribution chart, Western Forest Products ranks #85 out of 126 companies in the Forest Products industry, placing it in the top 67.5%.
Is Western Forest Products' Net Current Asset Value too high?
Western Forest Products' current Net Current Asset Value of €2.05 is 84% below median its 10-year median of 12.90. Over the past 10 years, this metric has ranged from a low of 2.96 to a high of 381.18. Based on the distribution chart, Western Forest Products ranks #85 out of 126 companies in the Forest Products industry, which is below the industry midpoint. Overall, Western Forest Products has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Western Forest Products' Net Current Asset Value compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Western Forest Products ranks #85 out of 126 companies for Net Current Asset Value. This places Western Forest Products in the lower half of its industry. The industry median Net Current Asset Value is 3.05. Historically, Western Forest Products' own Net Current Asset Value has ranged from 2.96 to 381.18 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 Forest Products company?
The median Net Current Asset Value among Forest Products companies is 3.05, based on 126 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 Western Forest Products and its competitors. For the Forest Products industry, the median Net Current Asset Value is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Forest Products's current Net Current Asset Value is €2.05, which is 84% below median its own 10-year median of 12.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Forest Products stock overvalued right now?
Based on GuruFocus' analysis, Western Forest Products (FRA:NWF0) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.10, compared to a current price of €11.40 — trading 40.7% above its estimated fair value. The current Net Current Asset Value is €2.05, which is 84% below median its 10-year median of 12.90. Western Forest Products' overall GF Score™ is 66/100 with 8 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 Western Forest Products (FRA:NWF0), the current Net Current Asset Value is €2.05 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 Western Forest Products (FRA:NWF0) Overvalued in 2026?
Based on GuruFocus' analysis, Western Forest Products stock appears to be overvalued.
The current stock price of €11.40 is trading 40.7% above its estimated GF Value™ of €8.10.
GuruFocus considers Western Forest Products to be Significantly Overvalued.
Key valuation signals for FRA:NWF0:
Net Current Asset Value: €2.05 (84% below median its 10-year median of 12.90)
GF Value™: €8.10 vs. price of €11.40 (40.7% above fair value)
No single metric tells the full story. See the FRA:NWF0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Forest Products Inc is a Canada-based softwood forest products company. The company's principal business activities include sale of lumber and logs, which includes timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glue-laminated timber (glulam) remanufacturing, and lumber purchase and wholesaling activities. The Company manages its business as a single operating segment, with the majority of Western's property, plant and equipment, biological assets and timber license located in Canada. The company operates in United States, Canada, Japan, China, Europe and Other countries. It derives maximum revenue from Canada.
66GF Score
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