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Micro Systemation ABFRA:W98 71 Net Current Asset Value is €0.14 as of Mar. 2026, which is 100% below its 10-year median of 12.68. GuruFocus rates FRA:W98 with a GF Score™ of 71/100 and a GF Value™ of €5.89 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,757 Software companies, Micro Systemation AB ranks worse than 95.16% 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).
Micro Systemation AB's net current asset value per share for the quarter that ended in Mar. 2026 was €0.14.
The historical rank and industry rank for Micro Systemation AB's Net Current Asset Value or its related term are showing as below:
FRA:W98'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 8.46 Med: 12.68 Max: 53.38
Current: 53
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Micro Systemation AB was 53.38. The lowest was 8.46. And the median was 12.68.
FRA:W98's Price-to-Net-Current-Asset-Value is ranked worse than 95.16% of 1757
companies
in the Software industry
Industry Median: 4.75
vs FRA:W98: 53.00
Micro Systemation AB (FRA:W98) 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.
Micro Systemation AB Net Current Asset Value Related Terms
Micro Systemation AB Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Micro Systemation AB'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.
Micro Systemation AB Net Current Asset Value Chart
FRA:W98 vs UBER, SHOP, CRM: Net Current Asset Value Comparison
For the Software - Application subindustry, Micro Systemation AB'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.
Micro Systemation AB Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Micro Systemation AB's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Micro Systemation AB'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 €0.14 mean?
Micro Systemation AB (FRA:W98) has a Net Current Asset Value of €0.14 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 Micro Systemation AB and its competitors. This is 99% below median its historical median of 12.68. Over the past decade, Micro Systemation AB's Net Current Asset Value has ranged from 8.46 to 53.38. According to the industry distribution chart, Micro Systemation AB ranks #1672 out of 1757 companies in the Software industry, placing it in the top 95.2%.
Is Micro Systemation AB's Net Current Asset Value too high?
Micro Systemation AB's current Net Current Asset Value of €0.14 is 99% below median its 10-year median of 12.68. Over the past 10 years, this metric has ranged from a low of 8.46 to a high of 53.38. Based on the distribution chart, Micro Systemation AB ranks #1672 out of 1757 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Micro Systemation AB has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Micro Systemation AB's Net Current Asset Value compare to UBER and SHOP?
According to the Software industry distribution chart, Micro Systemation AB ranks #1672 out of 1757 companies for Net Current Asset Value. This places Micro Systemation AB in the lower half of its industry. The industry median Net Current Asset Value is 4.75. Historically, Micro Systemation AB's own Net Current Asset Value has ranged from 8.46 to 53.38 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 4.75, based on 1,757 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 Micro Systemation AB and its competitors. For the Software industry, the median Net Current Asset Value is 4.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micro Systemation AB's current Net Current Asset Value is €0.14, which is 99% below median its own 10-year median of 12.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micro Systemation AB stock overvalued right now?
Based on GuruFocus' analysis, Micro Systemation AB (FRA:W98) is currently considered Modestly Overvalued. The stock's GF Value™ is €5.89, compared to a current price of €7.42 — trading 26% above its estimated fair value. The current Net Current Asset Value is €0.14, which is 99% below median its 10-year median of 12.68. Micro Systemation AB's overall GF Score™ is 71/100 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 Micro Systemation AB (FRA:W98), the current Net Current Asset Value is €0.14 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 Micro Systemation AB (FRA:W98) Overvalued in 2026?
Based on GuruFocus' analysis, Micro Systemation AB stock appears to be overvalued.
The current stock price of €7.42 is trading 26% above its estimated GF Value™ of €5.89.
GuruFocus considers Micro Systemation AB to be Modestly Overvalued.
Key valuation signals for FRA:W98:
Net Current Asset Value: €0.14 (99% below median its 10-year median of 12.68)
GF Value™: €5.89 vs. price of €7.42 (26% above fair value)
No single metric tells the full story. See the FRA:W98 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Micro Systemation AB is engaged in product development, production, and sales of solutions within the area of mobile digital forensics. It provides software products to extract, analyse, and present data from digital devices, predominantly mobile phones. The Group has three main product families: XRY, XAMN, and XEC. The products are used mainly by police, military, and intelligence agencies and are effective tools for securing evidence. The majority of the Group's sales are generated in the European market, with the United Kingdom being a substantial contributor; the rest comes from North America and other regions.
71GF Score
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