National CineMediaFRA:XWM0 +0.60%60 Net Current Asset Value is €0.02 as of Mar. 2026, which is 100% below its 10-year median of 34.63. GuruFocus rates FRA:XWM0 with a GF Score™ of 60/100 and a GF Value™ of €3.85. The stock has 3 warning signs investors should review. Among 540 Media - Diversified companies, National CineMedia ranks worse than 98.33% 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).
National CineMedia's net current asset value per share for the quarter that ended in Mar. 2026 was €0.02.
The historical rank and industry rank for National CineMedia's Net Current Asset Value or its related term are showing as below:
FRA:XWM0'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 15.56 Med: 34.63 Max: 193.75
Current: 167
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of National CineMedia was 193.75. The lowest was 15.56. And the median was 34.63.
FRA:XWM0's Price-to-Net-Current-Asset-Value is ranked worse than 98.33% of 540
companies
in the Media - Diversified industry
Industry Median: 2.91
vs FRA:XWM0: 167.00
National CineMedia (FRA:XWM0) 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.
National CineMedia Net Current Asset Value Related Terms
National CineMedia Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for National CineMedia'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:XWM0 vs NEXN, TC, TSQ: Net Current Asset Value Comparison
For the Advertising Agencies subindustry, National CineMedia'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.
National CineMedia Price-to-Net-Current-Asset-Value vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, National CineMedia's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where National CineMedia'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 €0.02 mean?
National CineMedia (FRA:XWM0) has a Net Current Asset Value of €0.02 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 National CineMedia and its competitors. This is 100% below median its historical median of 34.63. Over the past decade, National CineMedia's Net Current Asset Value has ranged from 15.56 to 193.75. According to the industry distribution chart, National CineMedia ranks #531 out of 540 companies in the Media - Diversified industry, placing it in the top 98.3%.
Is National CineMedia's Net Current Asset Value too high?
National CineMedia's current Net Current Asset Value of €0.02 is 100% below median its 10-year median of 34.63. Over the past 10 years, this metric has ranged from a low of 15.56 to a high of 193.75. Based on the distribution chart, National CineMedia ranks #531 out of 540 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, National CineMedia has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does National CineMedia's Net Current Asset Value compare to NEXN and TC?
According to the Media - Diversified industry distribution chart, National CineMedia ranks #531 out of 540 companies for Net Current Asset Value. This places National CineMedia in the lower half of its industry. The industry median Net Current Asset Value is 2.91. Historically, National CineMedia's own Net Current Asset Value has ranged from 15.56 to 193.75 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 Media - Diversified company?
The median Net Current Asset Value among Media - Diversified companies is 2.91, based on 540 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 National CineMedia and its competitors. For the Media - Diversified industry, the median Net Current Asset Value is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National CineMedia's current Net Current Asset Value is €0.02, which is 100% below median its own 10-year median of 34.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National CineMedia stock overvalued right now?
National CineMedia (FRA:XWM0) has a current Net Current Asset Value of €0.02. The stock's GF Value™ is €3.85, compared to a current price of €3.38 — trading 12.2% below its estimated fair value. The current Net Current Asset Value is €0.02, which is 100% below median its 10-year median of 34.63. National CineMedia's overall GF Score™ is 60/100 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 National CineMedia (FRA:XWM0), the current Net Current Asset Value is €0.02 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 National CineMedia (FRA:XWM0) Overvalued in 2026?
Based on GuruFocus' analysis, National CineMedia stock appears to be undervalued.
The current stock price of €3.38 is trading 12.2% below its estimated GF Value™ of €3.85.
Key valuation signals for FRA:XWM0:
Net Current Asset Value: €0.02 (100% below median its 10-year median of 34.63)
GF Value™: €3.85 vs. price of €3.38 (12.2% below fair value)
No single metric tells the full story. See the FRA:XWM0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National CineMedia Inc is a cinema advertising platform in the U.S. It derives revenue from the sale of advertising to national, regional and local businesses through The Noovie Show and the CineLife Show, the cinema advertising and entertainment show seen on movie screens across the U.S., on LEN, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theater lobbies.
60GF 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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