Preformed Line Products CoFRA:P4L 79 Net Current Asset Value is €32.40 as of Mar. 2026, which is 100% below its 10-year median of 3.99. GuruFocus rates FRA:P4L with a GF Score™ of 79/100 and a GF Value™ of €144.10 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,214 Industrial Products companies, Preformed Line Products Co ranks worse than 67.21% 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).
Preformed Line Products Co's net current asset value per share for the quarter that ended in Mar. 2026 was €32.40.
The historical rank and industry rank for Preformed Line Products Co's Net Current Asset Value or its related term are showing as below:
FRA:P4L'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.6 Med: 3.99 Max: 9.25
Current: 9.25
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Preformed Line Products Co was 9.25. The lowest was 2.60. And the median was 3.99.
FRA:P4L's Price-to-Net-Current-Asset-Value is ranked worse than 67.21% of 2214
companies
in the Industrial Products industry
Industry Median: 5.3
vs FRA:P4L: 9.25
Preformed Line Products Co (FRA:P4L) 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.
Preformed Line Products Co Net Current Asset Value Related Terms
Preformed Line Products Co Net Current Asset Value Historical Data
* 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.
Preformed Line Products Co Net Current Asset Value Chart
FRA:P4L vs EOSE, AMPX, FCEL: Net Current Asset Value Comparison
For the Electrical Equipment & Parts subindustry, Preformed Line Products 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.
Preformed Line Products Co Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Preformed Line Products Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Preformed Line Products 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 €32.40 mean?
Preformed Line Products Co (FRA:P4L) has a Net Current Asset Value of €32.40 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 Preformed Line Products Co and its competitors. This is 712% above median its historical median of 3.99. Over the past decade, Preformed Line Products Co's Net Current Asset Value has ranged from 2.60 to 9.25. According to the industry distribution chart, Preformed Line Products Co ranks #1488 out of 2214 companies in the Industrial Products industry, placing it in the top 67.2%.
Is Preformed Line Products Co's Net Current Asset Value too high?
Preformed Line Products Co's current Net Current Asset Value of €32.40 is 712% above median its 10-year median of 3.99. Over the past 10 years, this metric has ranged from a low of 2.60 to a high of 9.25. Based on the distribution chart, Preformed Line Products Co ranks #1488 out of 2214 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Preformed Line Products Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Preformed Line Products Co's Net Current Asset Value compare to EOSE and AMPX?
According to the Industrial Products industry distribution chart, Preformed Line Products Co ranks #1488 out of 2214 companies for Net Current Asset Value. This places Preformed Line Products Co in the lower half of its industry. The industry median Net Current Asset Value is 5.30. Historically, Preformed Line Products Co's own Net Current Asset Value has ranged from 2.60 to 9.25 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 an Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.30, based on 2,214 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 Preformed Line Products Co and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Preformed Line Products Co's current Net Current Asset Value is €32.40, which is 712% above median its own 10-year median of 3.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Preformed Line Products Co stock overvalued right now?
Based on GuruFocus' analysis, Preformed Line Products Co (FRA:P4L) is currently considered Significantly Overvalued. The stock's GF Value™ is €144.10, compared to a current price of €292.00 — trading 102.6% above its estimated fair value. The current Net Current Asset Value is €32.40, which is 712% above median its 10-year median of 3.99. Preformed Line Products Co's overall GF Score™ is 79/100 with 2 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 Preformed Line Products Co (FRA:P4L), the current Net Current Asset Value is €32.40 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 Preformed Line Products Co (FRA:P4L) Overvalued in 2026?
Based on GuruFocus' analysis, Preformed Line Products Co stock appears to be overvalued.
The current stock price of €292.00 is trading 102.6% above its estimated GF Value™ of €144.10.
GuruFocus considers Preformed Line Products Co to be Significantly Overvalued.
Key valuation signals for FRA:P4L:
Net Current Asset Value: €32.40 (712% above median its 10-year median of 3.99)
GF Value™: €144.10 vs. price of €292.00 (102.6% above fair value)
No single metric tells the full story. See the FRA:P4L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Preformed Line Products Co is a designer and manufacturer of products and systems for constructing and maintaining overhead and underground networks for energy, telecommunication, cable operators, data communication, and other industries. The Company's primary products support, protect, connect, terminate, and secure cables and wires. The Company provides helical solutions, connectors, fiber optic and copper splice closures, solar framing applications, and electric vehicle charging station foundations. The Company's customers include public and private energy utilities and communication companies, cable operators, contractors and subcontractors, distributors, and value-added resellers. Geographically, the company operates in four regions: PLP-USA, the Americas, EMEA, and Asia-Pacific.
79GF 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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