Fredonia MiningFREDF +1.49%28 Net Current Asset Value is $0.05 as of Mar. 2026, which is 100% below its 10-year median of 23.75. GuruFocus rates FREDF with a GF Score™ of 28/100. The stock has 1 warning sign investors should review. Among 1,333 Metals & Mining companies, Fredonia Mining ranks better than 51.16% 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).
Fredonia Mining's net current asset value per share for the quarter that ended in Mar. 2026 was $0.05.
The historical rank and industry rank for Fredonia Mining's Net Current Asset Value or its related term are showing as below:
FREDF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.19 Med: 23.75 Max: 50
Current: 4.25
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of Fredonia Mining was 50.00. The lowest was 4.19. And the median was 23.75.
FREDF's Price-to-Net-Current-Asset-Value is ranked better than 51.16% of 1333
companies
in the Metals & Mining industry
Industry Median: 6.77
vs FREDF: 4.25
Fredonia Mining (OTCPK:FREDF) 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.
Fredonia Mining Net Current Asset Value Related Terms
Fredonia Mining Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Fredonia Mining'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.
For the Other Precious Metals & Mining subindustry, Fredonia Mining'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.
Fredonia Mining Price-to-Net-Current-Asset-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Fredonia Mining's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Fredonia Mining'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 $0.05 mean?
Fredonia Mining (FREDF) has a Net Current Asset Value of $0.05 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 Fredonia Mining and its competitors. This is 100% below median its historical median of 23.75. Over the past decade, Fredonia Mining's Net Current Asset Value has ranged from 4.19 to 50.00. According to the industry distribution chart, Fredonia Mining ranks #651 out of 1333 companies in the Metals & Mining industry, placing it in the top 48.8%.
Is Fredonia Mining's Net Current Asset Value too high?
Fredonia Mining's current Net Current Asset Value of $0.05 is 100% below median its 10-year median of 23.75. Over the past 10 years, this metric has ranged from a low of 4.19 to a high of 50.00. The Metals & Mining industry median Net Current Asset Value is 6.77. Fredonia Mining's value of $0.05 is 99.3% below this industry median. Based on the distribution chart, Fredonia Mining ranks #651 out of 1333 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Fredonia Mining has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Fredonia Mining's Net Current Asset Value compare to HL?
According to the Metals & Mining industry distribution chart, Fredonia Mining ranks #651 out of 1333 companies for Net Current Asset Value. This puts Fredonia Mining in the upper half of its industry. The industry median Net Current Asset Value is 6.77. Fredonia Mining's value of $0.05 is 99.3% below this benchmark. Historically, Fredonia Mining's own Net Current Asset Value has ranged from 4.19 to 50.00 over the past decade. While the company's 10-year median is 23.75 vs. the industry median of 6.77, Fredonia Mining has consistently been below the industry average. 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 Metals & Mining company?
The median Net Current Asset Value among Metals & Mining companies is 6.77, based on 1,333 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. Fredonia Mining's current Net Current Asset Value of $0.05 is 99.3% below the industry median. 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 Fredonia Mining and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 6.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fredonia Mining's current Net Current Asset Value is $0.05, which is 100% below median its own 10-year median of 23.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fredonia Mining stock overvalued right now?
Fredonia Mining (FREDF) has a current Net Current Asset Value of $0.05. The current Net Current Asset Value is $0.05, which is 100% below median its 10-year median of 23.75 and 99.3% below the Metals & Mining industry median of 6.77. Fredonia Mining's overall GF Score™ is 28/100 with 1 warning sign 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 Fredonia Mining (FREDF), the current Net Current Asset Value is $0.05 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.
Fredonia Mining Inc is engaged in the exploration of precious metals in Argentina. Fredonia holds licenses over three areas in the Deseado including the flagship El Dorado Monserrat Project, EDM, as well as El Aguila, and Hornia. Fredonia has undertaken exploration drill programs on EDM and El Aguila with encouraging results. Hornia is an underexplored area but historic drilling indicates the realistic potential for further discoveries. El Aguila is interpreted as a failed caldera with gold mineralization encountered in radial as well as ring structures.
28GF Score
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