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OBIC CoFRA:OBL -3.51%92 Net Current Asset Value is €1.57 as of Mar. 2026, which is 100% below its 10-year median of 12.86. GuruFocus rates FRA:OBL with a GF Score™ of 92/100 and a GF Value™ of €31.17 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,759 Software companies, OBIC Co ranks worse than 80.78% 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).
OBIC Co's net current asset value per share for the quarter that ended in Mar. 2026 was €1.57.
The historical rank and industry rank for OBIC Co's Net Current Asset Value or its related term are showing as below:
FRA:OBL'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.39 Med: 12.86 Max: 16.05
Current: 14.38
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of OBIC Co was 16.05. The lowest was 5.39. And the median was 12.86.
FRA:OBL's Price-to-Net-Current-Asset-Value is ranked worse than 80.78% of 1759
companies
in the Software industry
Industry Median: 4.78
vs FRA:OBL: 14.38
OBIC Co (FRA:OBL) 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.
OBIC Co Net Current Asset Value Related Terms
OBIC Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for OBIC Co'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:OBL vs UBER, SHOP, CRM: Net Current Asset Value Comparison
For the Software - Application subindustry, OBIC Co'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.
OBIC Co Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, OBIC Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where OBIC Co'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 €1.57 mean?
OBIC Co (FRA:OBL) has a Net Current Asset Value of €1.57 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 OBIC Co and its competitors. This is 88% below median its historical median of 12.86. Over the past decade, OBIC Co's Net Current Asset Value has ranged from 5.39 to 16.05. According to the industry distribution chart, OBIC Co ranks #1421 out of 1759 companies in the Software industry, placing it in the top 80.8%.
Is OBIC Co's Net Current Asset Value too high?
OBIC Co's current Net Current Asset Value of €1.57 is 88% below median its 10-year median of 12.86. Over the past 10 years, this metric has ranged from a low of 5.39 to a high of 16.05. Based on the distribution chart, OBIC Co ranks #1421 out of 1759 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, OBIC Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does OBIC Co's Net Current Asset Value compare to UBER and SHOP?
According to the Software industry distribution chart, OBIC Co ranks #1421 out of 1759 companies for Net Current Asset Value. This places OBIC Co in the lower half of its industry. The industry median Net Current Asset Value is 4.78. Historically, OBIC Co's own Net Current Asset Value has ranged from 5.39 to 16.05 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 4.78, based on 1,759 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 OBIC Co and its competitors. For the Software industry, the median Net Current Asset Value is 4.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OBIC Co's current Net Current Asset Value is €1.57, which is 88% below median its own 10-year median of 12.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OBIC Co stock overvalued right now?
Based on GuruFocus' analysis, OBIC Co (FRA:OBL) is currently considered Modestly Undervalued. The stock's GF Value™ is €31.17, compared to a current price of €22.00 — trading 29.4% below its estimated fair value. The current Net Current Asset Value is €1.57, which is 88% below median its 10-year median of 12.86. OBIC Co's overall GF Score™ is 92/100 with 1 warning sign 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 OBIC Co (FRA:OBL), the current Net Current Asset Value is €1.57 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 OBIC Co (FRA:OBL) Overvalued in 2026?
Based on GuruFocus' analysis, OBIC Co stock appears to be undervalued.
The current stock price of €22.00 is trading 29.4% below its estimated GF Value™ of €31.17.
GuruFocus considers OBIC Co to be Modestly Undervalued.
Key valuation signals for FRA:OBL:
Net Current Asset Value: €1.57 (88% below median its 10-year median of 12.86)
GF Value™: €31.17 vs. price of €22.00 (29.4% below fair value)
No single metric tells the full story. See the FRA:OBL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Obic is one of Japan's largest enterprise resource planning service providers with a dominant share of the Japanese midsize corporate market. Obic has three main business lines: system integration, system support, and office automation, and, thus, offers one-stop construction and operation of information systems centered on its proprietary ERP suite. The company, which has a 57-year history, reported fiscal 2026 revenue of JPY 135.2 billion, with system integration contributing 40.9%, system support 52.9%, and office automation 6.2%.
92GF 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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