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Tick Trading Software AGFRA:TBX0 78 Net Current Asset Value is €2.38 as of Mar. 2026, which is 100% below its 10-year median of 6.13. GuruFocus rates FRA:TBX0 with a GF Score™ of 78/100 and a GF Value™ of €8.05 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,754 Software companies, Tick Trading Software AG ranks better than 70.24% 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).
Tick Trading Software AG's net current asset value per share for the quarter that ended in Mar. 2026 was €2.38.
The historical rank and industry rank for Tick Trading Software AG's Net Current Asset Value or its related term are showing as below:
FRA:TBX0'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.77 Med: 6.13 Max: 17.35
Current: 2.77
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Tick Trading Software AG was 17.35. The lowest was 2.77. And the median was 6.13.
FRA:TBX0's Price-to-Net-Current-Asset-Value is ranked better than 70.24% of 1754
companies
in the Software industry
Industry Median: 4.985
vs FRA:TBX0: 2.77
Tick Trading Software AG (FRA:TBX0) 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.
Tick Trading Software AG Net Current Asset Value Related Terms
Tick Trading Software AG Net Current Asset Value Historical Data
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The historical data trend for Tick Trading Software AG'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.
Tick Trading Software AG Net Current Asset Value Chart
FRA:TBX0 vs CRM, SHOP, UBER: Net Current Asset Value Comparison
For the Software - Application subindustry, Tick Trading Software 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.
Tick Trading Software AG Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Tick Trading Software AG's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Tick Trading Software 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 €2.38 mean?
Tick Trading Software AG (FRA:TBX0) has a Net Current Asset Value of €2.38 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 Tick Trading Software AG and its competitors. This is 61% below median its historical median of 6.13. Over the past decade, Tick Trading Software AG's Net Current Asset Value has ranged from 2.77 to 17.35. According to the industry distribution chart, Tick Trading Software AG ranks #522 out of 1754 companies in the Software industry, placing it in the top 29.8%.
Is Tick Trading Software AG's Net Current Asset Value too high?
Tick Trading Software AG's current Net Current Asset Value of €2.38 is 61% below median its 10-year median of 6.13. Over the past 10 years, this metric has ranged from a low of 2.77 to a high of 17.35. Based on the distribution chart, Tick Trading Software AG ranks #522 out of 1754 companies in the Software industry, which is above the industry midpoint. Overall, Tick Trading Software AG has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tick Trading Software AG's Net Current Asset Value compare to CRM and SHOP?
According to the Software industry distribution chart, Tick Trading Software AG ranks #522 out of 1754 companies for Net Current Asset Value. This puts Tick Trading Software AG in the upper half of its industry. The industry median Net Current Asset Value is 4.99. Historically, Tick Trading Software AG's own Net Current Asset Value has ranged from 2.77 to 17.35 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 4.99, based on 1,754 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 Tick Trading Software AG and its competitors. For the Software industry, the median Net Current Asset Value is 4.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tick Trading Software AG's current Net Current Asset Value is €2.38, which is 61% below median its own 10-year median of 6.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tick Trading Software AG stock overvalued right now?
Based on GuruFocus' analysis, Tick Trading Software AG (FRA:TBX0) is currently considered Modestly Undervalued. The stock's GF Value™ is €8.05, compared to a current price of €7.25 — trading 9.9% below its estimated fair value. The current Net Current Asset Value is €2.38, which is 61% below median its 10-year median of 6.13. Tick Trading Software AG's overall GF Score™ is 78/100 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 Tick Trading Software AG (FRA:TBX0), the current Net Current Asset Value is €2.38 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 Tick Trading Software AG (FRA:TBX0) Overvalued in 2026?
Based on GuruFocus' analysis, Tick Trading Software AG stock appears to be undervalued.
The current stock price of €7.25 is trading 9.9% below its estimated GF Value™ of €8.05.
GuruFocus considers Tick Trading Software AG to be Modestly Undervalued.
Key valuation signals for FRA:TBX0:
Net Current Asset Value: €2.38 (61% below median its 10-year median of 6.13)
GF Value™: €8.05 vs. price of €7.25 (9.9% below fair value)
No single metric tells the full story. See the FRA:TBX0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tick Trading Software AG develops and distributes software packages for professional trading. The company's products are the TBMX Trading Platform, tick-TS Cloud, e-Trading Compliance Monitor, and others. tick Trading Software AG is active in the field of programming IT software; The focus here is on the programming of EDP software in the financial services segment (stock market software, trading software, etc.). In addition, it offers its customers "Software as a Service" housing and hosting of complex server systems for stock exchange trading in combination with its software solutions.
78GF Score
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