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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).
The historical rank and industry rank for MGI Digital Graphic Technology's Net Current Asset Value or its related term are showing as below:
FRIIF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.96 Med: 5.23 Max: 9.42
Current: 1.1
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of MGI Digital Graphic Technology was 9.42. The lowest was 0.96. And the median was 5.23.
FRIIF's Price-to-Net-Current-Asset-Value is ranked better than 91.67% of 1848
companies
in the Hardware industry
Industry Median: 5.26
vs FRIIF: 1.10
MGI Digital Graphic Technology (OTCPK:FRIIF) 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.
MGI Digital Graphic Technology Net Current Asset Value Related Terms
MGI Digital Graphic Technology Net Current Asset Value Historical Data
* 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.
MGI Digital Graphic Technology Net Current Asset Value Chart
FRIIF vs SNDK, DELL, STX: Net Current Asset Value Comparison
For the Computer Hardware subindustry, MGI Digital Graphic Technology'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.
MGI Digital Graphic Technology Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, MGI Digital Graphic Technology's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where MGI Digital Graphic Technology'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 $11.45 mean?
MGI Digital Graphic Technology (FRIIF) has a Net Current Asset Value of $11.45 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 MGI Digital Graphic Technology and its competitors. This is 119% above median its historical median of 5.23. Over the past decade, MGI Digital Graphic Technology's Net Current Asset Value has ranged from 0.96 to 9.42. According to the industry distribution chart, MGI Digital Graphic Technology ranks #154 out of 1848 companies in the Hardware industry, placing it in the top 8.3%.
Is MGI Digital Graphic Technology's Net Current Asset Value too high?
MGI Digital Graphic Technology's current Net Current Asset Value of $11.45 is 119% above median its 10-year median of 5.23. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 9.42. The Hardware industry median Net Current Asset Value is 5.26. MGI Digital Graphic Technology's value of $11.45 is 117.7% above this industry median. Based on the distribution chart, MGI Digital Graphic Technology ranks #154 out of 1848 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, MGI Digital Graphic Technology has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does MGI Digital Graphic Technology's Net Current Asset Value compare to SNDK and DELL?
According to the Hardware industry distribution chart, MGI Digital Graphic Technology ranks #154 out of 1848 companies for Net Current Asset Value. This places MGI Digital Graphic Technology in the top 8% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.26. MGI Digital Graphic Technology's value of $11.45 is 117.7% above this benchmark. Historically, MGI Digital Graphic Technology's own Net Current Asset Value has ranged from 0.96 to 9.42 over the past decade. While the company's 10-year median is 5.23 vs. the industry median of 5.26, MGI Digital Graphic Technology has consistently been above 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.26, 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. MGI Digital Graphic Technology's current Net Current Asset Value of $11.45 is 117.7% above 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 MGI Digital Graphic Technology and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGI Digital Graphic Technology's current Net Current Asset Value is $11.45, which is 119% above median its own 10-year median of 5.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGI Digital Graphic Technology stock overvalued right now?
MGI Digital Graphic Technology (FRIIF) has a current Net Current Asset Value of $11.45. The stock's GF Value™ is $25.37, compared to a current price of $12.88 — trading 49.2% below its estimated fair value. The current Net Current Asset Value is $11.45, which is 119% above median its 10-year median of 5.23 and 117.7% above the Hardware industry median of 5.26. MGI Digital Graphic Technology's overall GF Score™ is 79/100 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 MGI Digital Graphic Technology (FRIIF), the current Net Current Asset Value is $11.45 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 MGI Digital Graphic Technology (FRIIF) Overvalued in 2026?
Based on GuruFocus' analysis, MGI Digital Graphic Technology stock appears to be undervalued.
The current stock price of $12.88 is trading 49.2% below its estimated GF Value™ of $25.37.
Key valuation signals for FRIIF:
Net Current Asset Value: $11.45 (119% above median its 10-year median of 5.23)
GF Value™: $25.37 vs. price of $12.88 (49.2% below fair value)
Industry Position: 117.7% above the Hardware median (#154 of 1848)
No single metric tells the full story. See the FRIIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGI Digital Graphic Technology Business Description
MGI Digital Graphic Technology SA is a France-based company engaged in designing, manufacturing, and selling digital printing and finishing equipment for the graphics industry. The company offers digital printing and finishing equipment in the areas of inkjet technology, digital printing, spot UV coating, embossed hot foiling, adhesive labels, digital finishing, plastic card production, envelope solutions, and turnkey paper solutions.
79GF Score
Get the complete analysis for FRIIF
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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