Labat AfricaJSE:LAB Net Current Asset Value is R0.11 as of Nov. 2025, which is 100% below its 10-year median of 1.17. The stock has 5 warning signs investors should review. Among 614 Drug Manufacturers companies, Labat Africa ranks better than 97.23% 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).
Labat Africa's net current asset value per share for the quarter that ended in Nov. 2025 was R0.11.
The historical rank and industry rank for Labat Africa's Net Current Asset Value or its related term are showing as below:
JSE:LAB'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.45 Med: 1.17 Max: 19
Current: 0.45
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Labat Africa was 19.00. The lowest was 0.45. And the median was 1.17.
JSE:LAB's Price-to-Net-Current-Asset-Value is ranked better than 97.23% of 614
companies
in the Drug Manufacturers industry
Industry Median: 5.305
vs JSE:LAB: 0.45
Labat Africa (JSE:LAB) 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.
Labat Africa Net Current Asset Value Related Terms
Labat Africa Net Current Asset Value Historical Data
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The historical data trend for Labat Africa'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.
JSE:LAB vs ZTS, UTHR, VTRS: Net Current Asset Value Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Labat Africa'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.
Labat Africa Price-to-Net-Current-Asset-Value vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Labat Africa's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Labat Africa'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 R0.11 mean?
Labat Africa (JSE:LAB) has a Net Current Asset Value of R0.11 as of Nov. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Labat Africa and its competitors. This is 91% below median its historical median of 1.17. Over the past decade, Labat Africa's Net Current Asset Value has ranged from 0.45 to 19.00. According to the industry distribution chart, Labat Africa ranks #17 out of 614 companies in the Drug Manufacturers industry, placing it in the top 2.8%.
Is Labat Africa's Net Current Asset Value too high?
Labat Africa's current Net Current Asset Value of R0.11 is 91% below median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 19.00. Based on the distribution chart, Labat Africa ranks #17 out of 614 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers.
How does Labat Africa's Net Current Asset Value compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Labat Africa ranks #17 out of 614 companies for Net Current Asset Value. This places Labat Africa in the top 3% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.31. Historically, Labat Africa's own Net Current Asset Value has ranged from 0.45 to 19.00 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 Drug Manufacturers company?
The median Net Current Asset Value among Drug Manufacturers companies is 5.31, based on 614 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 Labat Africa and its competitors. For the Drug Manufacturers industry, the median Net Current Asset Value is 5.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Labat Africa's current Net Current Asset Value is R0.11, which is 91% below median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Labat Africa stock overvalued right now?
Based on GuruFocus' analysis, Labat Africa (JSE:LAB) is currently considered Possible Value Trap. The stock's GF Value™ is R0.22, compared to a current price of R0.05 — trading 77.3% below its estimated fair value. The current Net Current Asset Value is R0.11, which is 91% below median its 10-year median of 1.17. 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 Labat Africa (JSE:LAB), the current Net Current Asset Value is R0.11 as of Nov. 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.
Labat Africa Ltd is an investment holding company. Through its subsidiaries, the company operates in the following segments; Technology, Head office, and Healthcare. The Technology segment manufactures and distributes integrated circuits South African Micro - Electronic Systems. Head office operations provide management services, logistics and seeks further investment opportunities for the Group. The Healthcare segment generates maximum revenue for the company and focusses on medical cannabis industry in South Africa. Geographically, the company carries out its business operations in South Africa.
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