CirataFRA:WD4 -1.23%39 Net Current Asset Value is €0.04 as of Dec. 2025, which is 100% below its 10-year median of 15.34. GuruFocus rates FRA:WD4 with a GF Score™ of 39/100 and a GF Value™ of €0.48 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,755 Software companies, Cirata ranks worse than 56.58% 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).
Cirata's net current asset value per share for the quarter that ended in Dec. 2025 was €0.04.
The historical rank and industry rank for Cirata's Net Current Asset Value or its related term are showing as below:
FRA:WD4'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.85 Med: 15.34 Max: 53.56
Current: 5.33
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Cirata was 53.56. The lowest was 3.85. And the median was 15.34.
FRA:WD4's Price-to-Net-Current-Asset-Value is ranked worse than 56.58% of 1755
companies
in the Software industry
Industry Median: 4.89
vs FRA:WD4: 5.33
Cirata (FRA:WD4) 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.
Cirata Net Current Asset Value Related Terms
Cirata Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Cirata'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:WD4 vs UBER, SHOP, CRM: Net Current Asset Value Comparison
For the Software - Application subindustry, Cirata'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.
Cirata Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Cirata's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Cirata'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 €0.04 mean?
Cirata (FRA:WD4) has a Net Current Asset Value of €0.04 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 Cirata and its competitors. This is 100% below median its historical median of 15.34. Over the past decade, Cirata's Net Current Asset Value has ranged from 3.85 to 53.56. According to the industry distribution chart, Cirata ranks #993 out of 1755 companies in the Software industry, placing it in the top 56.6%.
Is Cirata's Net Current Asset Value too high?
Cirata's current Net Current Asset Value of €0.04 is 100% below median its 10-year median of 15.34. Over the past 10 years, this metric has ranged from a low of 3.85 to a high of 53.56. Based on the distribution chart, Cirata ranks #993 out of 1755 companies in the Software industry, which is below the industry midpoint. Overall, Cirata has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cirata's Net Current Asset Value compare to UBER and SHOP?
According to the Software industry distribution chart, Cirata ranks #993 out of 1755 companies for Net Current Asset Value. This places Cirata in the lower half of its industry. The industry median Net Current Asset Value is 4.89. Historically, Cirata's own Net Current Asset Value has ranged from 3.85 to 53.56 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 4.89, based on 1,755 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 Cirata and its competitors. For the Software industry, the median Net Current Asset Value is 4.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cirata's current Net Current Asset Value is €0.04, which is 100% below median its own 10-year median of 15.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cirata stock overvalued right now?
Based on GuruFocus' analysis, Cirata (FRA:WD4) is currently considered Possible Value Trap. The stock's GF Value™ is €0.48, compared to a current price of €0.16 — trading 66.7% below its estimated fair value. The current Net Current Asset Value is €0.04, which is 100% below median its 10-year median of 15.34. Cirata's overall GF Score™ is 39/100 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 Cirata (FRA:WD4), the current Net Current Asset Value is €0.04 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 Cirata (FRA:WD4) Overvalued in 2026?
Based on GuruFocus' analysis, Cirata stock appears to be undervalued.
The current stock price of €0.16 is trading 66.7% below its estimated GF Value™ of €0.48.
GuruFocus considers Cirata to be Possible Value Trap.
Key valuation signals for FRA:WD4:
Net Current Asset Value: €0.04 (100% below median its 10-year median of 15.34)
GF Value™: €0.48 vs. price of €0.16 (66.7% below fair value)
No single metric tells the full story. See the FRA:WD4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cirata PLC is a provider of collaboration software for the software development industry. The company offers Active Data Replication, a patented technology that enables the replication of continuously changing data to the cloud and on-premises data centers. The company serves data and source code management markets. In addition, the company offers cloud migration, cloud replication, data lakes, developer collaboration, and other related services. The company currently operates in geographical markets namely: North America, United Kingdom, and the Rest of the World. The majority of the company's revenue is generated from North America.
39GF Score
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