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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).
Sapiens International NV's net current asset value per share for the quarter that ended in Sep. 2025 was €0.33.
The historical rank and industry rank for Sapiens International NV's Net Current Asset Value or its related term are showing as below:
FRA:S3P'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 9.68 Med: 21.39 Max: 274
Current: 111.52
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Sapiens International NV was 274.00. The lowest was 9.68. And the median was 21.39.
FRA:S3P's Price-to-Net-Current-Asset-Value is not ranked
in the Software industry.
Industry Median: 4.87
vs FRA:S3P: 111.52
Sapiens International NV (FRA:S3P) 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.
Sapiens International NV Net Current Asset Value Related Terms
Sapiens International NV Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Sapiens International NV'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.
Sapiens International NV Net Current Asset Value Chart
FRA:S3P vs ALKT, VIA, PLUS: Net Current Asset Value Comparison
For the Software - Application subindustry, Sapiens International NV'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.
Sapiens International NV Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Sapiens International NV's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Sapiens International NV'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 €0.33 mean?
Sapiens International NV (FRA:S3P) has a Net Current Asset Value of €0.33 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 Sapiens International NV and its competitors. This is 98% below median its historical median of 21.39. Over the past decade, Sapiens International NV's Net Current Asset Value has ranged from 9.68 to 274.00.
Is Sapiens International NV's Net Current Asset Value too high?
Sapiens International NV's current Net Current Asset Value of €0.33 is 98% below median its 10-year median of 21.39. Over the past 10 years, this metric has ranged from a low of 9.68 to a high of 274.00. Overall, Sapiens International NV has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Sapiens International NV's Net Current Asset Value compare to ALKT and VIA?
Sapiens International NV's Net Current Asset Value of €0.33 can be compared against companies in the Software industry. The industry median Net Current Asset Value is 4.87. Historically, Sapiens International NV's own Net Current Asset Value has ranged from 9.68 to 274.00 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 Software company?
The median Net Current Asset Value among Software companies is 4.87, based on 1,756 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 Sapiens International NV and its competitors. For the Software industry, the median Net Current Asset Value is 4.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sapiens International NV's current Net Current Asset Value is €0.33, which is 98% below median its own 10-year median of 21.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sapiens International NV stock overvalued right now?
Sapiens International NV (FRA:S3P) has a current Net Current Asset Value of €0.33. The stock's GF Value™ is €26.65, compared to a current price of €36.80 — trading 38.1% above its estimated fair value. The current Net Current Asset Value is €0.33, which is 98% below median its 10-year median of 21.39. Sapiens International NV's overall GF Score™ is 75/100 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 Sapiens International NV (FRA:S3P), the current Net Current Asset Value is €0.33 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 Sapiens International NV (FRA:S3P) Overvalued in 2026?
Based on GuruFocus' analysis, Sapiens International NV stock appears to be overvalued.
The current stock price of €36.80 is trading 38.1% above its estimated GF Value™ of €26.65.
Key valuation signals for FRA:S3P:
Net Current Asset Value: €0.33 (98% below median its 10-year median of 21.39)
GF Value™: €26.65 vs. price of €36.80 (38.1% above fair value)
No single metric tells the full story. See the FRA:S3P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sapiens International Corp NV is a provider of software solutions for the insurance industry, with an emerging focus on the financial services sector. The company offers software, solutions, and professional services for property & casualty (P&C); reinsurance; life, pension & annuity (L&A); workers' compensation (WC); medical professional liability (MPL); financial & compliance (F&C); and decision modeling for both insurance and financial markets. The group also provides services for project delivery and implementation services, for its Software Solutions portfolio. Geographically, it operates in the region of North America, Rest of the World, and Europe. It generates revenue from Europe.
75GF 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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