SM Wirtschaftsberatungs AGFRA:SMWN 47 Net Current Asset Value is €0.08 as of Dec. 2025, which is 100% below its 10-year median of 48.22. GuruFocus rates FRA:SMWN with a GF Score™ of 47/100 and a GF Value™ of €11.32 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 110 REITs companies, SM Wirtschaftsberatungs AG ranks worse than 82.73% 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).
SM Wirtschaftsberatungs AG's net current asset value per share for the quarter that ended in Dec. 2025 was €0.08.
The historical rank and industry rank for SM Wirtschaftsberatungs AG's Net Current Asset Value or its related term are showing as below:
FRA:SMWN'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.65 Med: 48.22 Max: 81.25
Current: 55.75
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of SM Wirtschaftsberatungs AG was 81.25. The lowest was 6.65. And the median was 48.22.
FRA:SMWN's Price-to-Net-Current-Asset-Value is ranked worse than 82.73% of 110
companies
in the REITs industry
Industry Median: 7.96
vs FRA:SMWN: 55.75
SM Wirtschaftsberatungs AG (FRA:SMWN) 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.
SM Wirtschaftsberatungs AG Net Current Asset Value Related Terms
SM Wirtschaftsberatungs AG 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.
SM Wirtschaftsberatungs AG Net Current Asset Value Chart
FRA:SMWN vs VICI, WPC, BNL: Net Current Asset Value Comparison
For the REIT - Diversified subindustry, SM Wirtschaftsberatungs AG'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.
SM Wirtschaftsberatungs AG Price-to-Net-Current-Asset-Value vs REITs Industry
For the REITs industry and Real Estate sector, SM Wirtschaftsberatungs AG's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where SM Wirtschaftsberatungs AG'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 €0.08 mean?
SM Wirtschaftsberatungs AG (FRA:SMWN) has a Net Current Asset Value of €0.08 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 SM Wirtschaftsberatungs AG and its competitors. This is 100% below median its historical median of 48.22. Over the past decade, SM Wirtschaftsberatungs AG's Net Current Asset Value has ranged from 6.65 to 81.25. According to the industry distribution chart, SM Wirtschaftsberatungs AG ranks #91 out of 110 companies in the REITs industry, placing it in the top 82.7%.
Is SM Wirtschaftsberatungs AG's Net Current Asset Value too high?
SM Wirtschaftsberatungs AG's current Net Current Asset Value of €0.08 is 100% below median its 10-year median of 48.22. Over the past 10 years, this metric has ranged from a low of 6.65 to a high of 81.25. Based on the distribution chart, SM Wirtschaftsberatungs AG ranks #91 out of 110 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, SM Wirtschaftsberatungs AG has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SM Wirtschaftsberatungs AG's Net Current Asset Value compare to VICI and WPC?
According to the REITs industry distribution chart, SM Wirtschaftsberatungs AG ranks #91 out of 110 companies for Net Current Asset Value. This places SM Wirtschaftsberatungs AG in the lower half of its industry. The industry median Net Current Asset Value is 7.96. Historically, SM Wirtschaftsberatungs AG's own Net Current Asset Value has ranged from 6.65 to 81.25 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 a REITs company?
The median Net Current Asset Value among REITs companies is 7.96, based on 110 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 SM Wirtschaftsberatungs AG and its competitors. For the REITs industry, the median Net Current Asset Value is 7.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SM Wirtschaftsberatungs AG's current Net Current Asset Value is €0.08, which is 100% below median its own 10-year median of 48.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SM Wirtschaftsberatungs AG stock overvalued right now?
Based on GuruFocus' analysis, SM Wirtschaftsberatungs AG (FRA:SMWN) is currently considered Possible Value Trap. The stock's GF Value™ is €11.32, compared to a current price of €4.46 — trading 60.6% below its estimated fair value. The current Net Current Asset Value is €0.08, which is 100% below median its 10-year median of 48.22. SM Wirtschaftsberatungs AG's overall GF Score™ is 47/100 with 3 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 SM Wirtschaftsberatungs AG (FRA:SMWN), the current Net Current Asset Value is €0.08 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 SM Wirtschaftsberatungs AG (FRA:SMWN) Overvalued in 2026?
Based on GuruFocus' analysis, SM Wirtschaftsberatungs AG stock appears to be undervalued.
The current stock price of €4.46 is trading 60.6% below its estimated GF Value™ of €11.32.
GuruFocus considers SM Wirtschaftsberatungs AG to be Possible Value Trap.
Key valuation signals for FRA:SMWN:
Net Current Asset Value: €0.08 (100% below median its 10-year median of 48.22)
GF Value™: €11.32 vs. price of €4.46 (60.6% below fair value)
No single metric tells the full story. See the FRA:SMWN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SM Wirtschaftsberatungs AG is a diversified financial services company located in Germany. The company focuses on the real estate sector and is involved in capital investment management, project development, and the management of its own assets.
47GF 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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