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Pine Technology HoldingsFRA:PNY -1.85%43 Net Current Asset Value is €0.01 as of Dec. 2025, which is 100% below its 10-year median of 1.58. GuruFocus rates FRA:PNY with a GF Score™ of 43/100 and a GF Value™ of €0.02 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,846 Hardware companies, Pine Technology Holdings ranks better than 61.59% 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).
Pine Technology Holdings's net current asset value per share for the quarter that ended in Dec. 2025 was €0.01.
The historical rank and industry rank for Pine Technology Holdings's Net Current Asset Value or its related term are showing as below:
FRA:PNY'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.51 Med: 1.58 Max: 5
Current: 2.65
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Pine Technology Holdings was 5.00. The lowest was 0.51. And the median was 1.58.
FRA:PNY's Price-to-Net-Current-Asset-Value is ranked better than 61.59% of 1846
companies
in the Hardware industry
Industry Median: 5.075
vs FRA:PNY: 2.65
Pine Technology Holdings (FRA:PNY) 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.
Pine Technology Holdings Net Current Asset Value Related Terms
Pine Technology Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Pine Technology Holdings'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.
Pine Technology Holdings Net Current Asset Value Chart
FRA:PNY vs SNDK, DELL, STX: Net Current Asset Value Comparison
For the Computer Hardware subindustry, Pine Technology Holdings'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.
Pine Technology Holdings Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Pine Technology Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Pine Technology Holdings'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 €0.01 mean?
Pine Technology Holdings (FRA:PNY) has a Net Current Asset Value of €0.01 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Pine Technology Holdings and its competitors. This is 99% below median its historical median of 1.58. Over the past decade, Pine Technology Holdings' Net Current Asset Value has ranged from 0.51 to 5.00. According to the industry distribution chart, Pine Technology Holdings ranks #709 out of 1846 companies in the Hardware industry, placing it in the top 38.4%.
Is Pine Technology Holdings' Net Current Asset Value too high?
Pine Technology Holdings' current Net Current Asset Value of €0.01 is 99% below median its 10-year median of 1.58. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 5.00. Based on the distribution chart, Pine Technology Holdings ranks #709 out of 1846 companies in the Hardware industry, which is above the industry midpoint. Overall, Pine Technology Holdings has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pine Technology Holdings' Net Current Asset Value compare to SNDK and DELL?
According to the Hardware industry distribution chart, Pine Technology Holdings ranks #709 out of 1846 companies for Net Current Asset Value. This puts Pine Technology Holdings in the upper half of its industry. The industry median Net Current Asset Value is 5.08. Historically, Pine Technology Holdings' own Net Current Asset Value has ranged from 0.51 to 5.00 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.08, based on 1,846 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 Pine Technology Holdings and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pine Technology Holdings's current Net Current Asset Value is €0.01, which is 99% below median its own 10-year median of 1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pine Technology Holdings stock overvalued right now?
Based on GuruFocus' analysis, Pine Technology Holdings (FRA:PNY) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.02, compared to a current price of €0.03 — trading 32.5% above its estimated fair value. The current Net Current Asset Value is €0.01, which is 99% below median its 10-year median of 1.58. Pine Technology Holdings' overall GF Score™ is 43/100 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 Pine Technology Holdings (FRA:PNY), the current Net Current Asset Value is €0.01 as of Dec. 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 Pine Technology Holdings (FRA:PNY) Overvalued in 2026?
Based on GuruFocus' analysis, Pine Technology Holdings stock appears to be overvalued.
The current stock price of €0.03 is trading 32.5% above its estimated GF Value™ of €0.02.
GuruFocus considers Pine Technology Holdings to be Significantly Overvalued.
Key valuation signals for FRA:PNY:
Net Current Asset Value: €0.01 (99% below median its 10-year median of 1.58)
GF Value™: €0.02 vs. price of €0.03 (32.5% above fair value)
No single metric tells the full story. See the FRA:PNY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pine Technology Holdings Ltd engages in the sales of computer components, consumer electronic products, raw plastic materials, and the provision of computer software, hardware, and system development services. The Group operates through four main segments: Group's brand products, involving the manufacture and sales of video graphics cards and other computer components under its own brand; Other brand products, covering the distribution of third-party computer components and consumer electronic products; Trading business, focused on trading activities in the PRC; and Computer software, hardware, and system development services. The Other brand products segment is the primary revenue contributor. The company exports its products to the PRC and Hong Kong.
43GF Score
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