BOE VaritronixFRA:VTX +2.80%67 Net Current Asset Value is €0.32 as of Dec. 2025, which is 100% below its 10-year median of 1.75. GuruFocus rates FRA:VTX with a GF Score™ of 67/100 and a GF Value™ of €0.78 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,848 Hardware companies, BOE Varitronix ranks better than 87.55% 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).
BOE Varitronix's net current asset value per share for the quarter that ended in Dec. 2025 was €0.32.
The historical rank and industry rank for BOE Varitronix's Net Current Asset Value or its related term are showing as below:
FRA:VTX'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.78 Med: 1.75 Max: 4.91
Current: 1.47
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of BOE Varitronix was 4.91. The lowest was 0.78. And the median was 1.75.
FRA:VTX's Price-to-Net-Current-Asset-Value is ranked better than 87.55% of 1848
companies
in the Hardware industry
Industry Median: 5.345
vs FRA:VTX: 1.47
BOE Varitronix (FRA:VTX) 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.
BOE Varitronix Net Current Asset Value Related Terms
BOE Varitronix Net Current Asset Value Historical Data
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The historical data trend for BOE Varitronix'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.
FRA:VTX vs APH, GLW: Net Current Asset Value Comparison
For the Electronic Components subindustry, BOE Varitronix'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.
BOE Varitronix Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, BOE Varitronix's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where BOE Varitronix'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 €0.32 mean?
BOE Varitronix (FRA:VTX) has a Net Current Asset Value of €0.32 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 BOE Varitronix and its competitors. This is 82% below median its historical median of 1.75. Over the past decade, BOE Varitronix's Net Current Asset Value has ranged from 0.78 to 4.91. According to the industry distribution chart, BOE Varitronix ranks #230 out of 1848 companies in the Hardware industry, placing it in the top 12.4%.
Is BOE Varitronix's Net Current Asset Value too high?
BOE Varitronix's current Net Current Asset Value of €0.32 is 82% below median its 10-year median of 1.75. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 4.91. Based on the distribution chart, BOE Varitronix ranks #230 out of 1848 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, BOE Varitronix has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BOE Varitronix's Net Current Asset Value compare to APH and GLW?
According to the Hardware industry distribution chart, BOE Varitronix ranks #230 out of 1848 companies for Net Current Asset Value. This places BOE Varitronix in the top 12% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.35. Historically, BOE Varitronix's own Net Current Asset Value has ranged from 0.78 to 4.91 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 5.35, based on 1,848 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 BOE Varitronix and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BOE Varitronix's current Net Current Asset Value is €0.32, which is 82% below median its own 10-year median of 1.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BOE Varitronix stock overvalued right now?
Based on GuruFocus' analysis, BOE Varitronix (FRA:VTX) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.78, compared to a current price of €0.44 — trading 43.6% below its estimated fair value. The current Net Current Asset Value is €0.32, which is 82% below median its 10-year median of 1.75. BOE Varitronix's overall GF Score™ is 67/100 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 BOE Varitronix (FRA:VTX), the current Net Current Asset Value is €0.32 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 BOE Varitronix (FRA:VTX) Overvalued in 2026?
Based on GuruFocus' analysis, BOE Varitronix stock appears to be undervalued.
The current stock price of €0.44 is trading 43.6% below its estimated GF Value™ of €0.78.
GuruFocus considers BOE Varitronix to be Significantly Undervalued.
Key valuation signals for FRA:VTX:
Net Current Asset Value: €0.32 (82% below median its 10-year median of 1.75)
GF Value™: €0.78 vs. price of €0.44 (43.6% below fair value)
No single metric tells the full story. See the FRA:VTX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BOE Varitronix Ltd is an investment holding company. It is principally engaged in automobile and industrial display products and has a monochrome display manufacturing capacity. It manufactures various products in the category of automobile, industrial, white goods, medical, and other. The company operates in one business segment which is the design, manufacture and sale of liquid crystal displays and related products. The company's geographical segments include the PRC, Europe, Japan, America, Korea, and other regions, out of which the PRC accounts for the majority of the revenue.
67GF Score
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