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 Formul Plastik Ve Metalnayi AS's Net Current Asset Value or its related term are showing as below:
IST:FRMPL'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0 Med: 0 Max: 7.29
Current: 7.04
During the past 3 years, the highest Price-to-Net-Current-Asset-Value Ratio of Formul Plastik Ve Metalnayi AS was 7.29. The lowest was 0.00. And the median was 0.00.
IST:FRMPL's Price-to-Net-Current-Asset-Value is ranked worse than 68.93% of 177
companies
in the Building Materials industry
Industry Median: 4.23
vs IST:FRMPL: 7.04
Formul Plastik Ve Metalnayi AS (IST:FRMPL) 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.
Formul Plastik Ve Metalnayi AS Net Current Asset Value Related Terms
Formul Plastik Ve Metalnayi AS 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.
Formul Plastik Ve Metalnayi AS Net Current Asset Value Chart
Formul Plastik Ve Metalnayi AS Annual Data
Trend
Dec22
Dec23
Dec24
Net Current Asset Value
5.54
6.36
4.97
Formul Plastik Ve Metalnayi AS Semi-Annual Data
Dec22
Dec23
Dec24
Net Current Asset Value
5.54
6.36
4.97
IST:FRMPL vs CRH, VMC, MLM: Net Current Asset Value Comparison
For the Building Materials subindustry, Formul Plastik Ve Metalnayi AS'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.
Formul Plastik Ve Metalnayi AS Price-to-Net-Current-Asset-Value vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Formul Plastik Ve Metalnayi AS's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Formul Plastik Ve Metalnayi AS'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 ₺4.97 mean?
Formul Plastik Ve Metalnayi AS (IST:FRMPL) has a Net Current Asset Value of ₺4.97 as of Dec. 2024. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Formul Plastik Ve Metalnayi AS and its competitors. According to the industry distribution chart, Formul Plastik Ve Metalnayi AS ranks #122 out of 177 companies in the Building Materials industry, placing it in the top 68.9%.
Is Formul Plastik Ve Metalnayi AS's Net Current Asset Value too high?
Formul Plastik Ve Metalnayi AS's current Net Current Asset Value is ₺4.97. Based on the distribution chart, Formul Plastik Ve Metalnayi AS ranks #122 out of 177 companies in the Building Materials industry, which is below the industry midpoint. Overall, Formul Plastik Ve Metalnayi AS has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Formul Plastik Ve Metalnayi AS's Net Current Asset Value compare to CRH and VMC?
According to the Building Materials industry distribution chart, Formul Plastik Ve Metalnayi AS ranks #122 out of 177 companies for Net Current Asset Value. This places Formul Plastik Ve Metalnayi AS in the lower half of its industry. The industry median Net Current Asset Value is 4.23. 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 Building Materials company?
The median Net Current Asset Value among Building Materials companies is 4.23, based on 177 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 Formul Plastik Ve Metalnayi AS and its competitors. For the Building Materials industry, the median Net Current Asset Value is 4.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formul Plastik Ve Metalnayi AS's current Net Current Asset Value is ₺4.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formul Plastik Ve Metalnayi AS stock overvalued right now?
Formul Plastik Ve Metalnayi AS (IST:FRMPL) has a current Net Current Asset Value of ₺4.97. The current Net Current Asset Value is ₺4.97. Formul Plastik Ve Metalnayi AS's overall GF Score™ is 22/100 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 Formul Plastik Ve Metalnayi AS (IST:FRMPL), the current Net Current Asset Value is ₺4.97 as of Dec. 2024. 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.
Formul Plastik Ve Metalnayi AS Business Description
Formul Plastik Ve Metal Sanayi AS is engaged in manufacturing PP-R pipes and fittings, PVC pipes and fittings, and PE-RT pipes. It also produces brass inserts and fittings. The company operates under the brand names Formul, Aquapa, Foraqua, Aquaplast, and Aquapipe. Geographically, it serves Africa, CIS countries, Far East, Middle East and South America.
22GF Score
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