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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).
MTN Zakhele Futhi (RF)'s net current asset value per share for the quarter that ended in Jun. 2025 was R24.79.
The historical rank and industry rank for MTN Zakhele Futhi (RF)'s Net Current Asset Value or its related term are showing as below:
JSE:MTNZF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.01 Med: 0.81 Max: 2.12
Current: 0.01
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of MTN Zakhele Futhi (RF) was 2.12. The lowest was 0.01. And the median was 0.81.
JSE:MTNZF's Price-to-Net-Current-Asset-Value is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.33
vs JSE:MTNZF: 0.01
MTN Zakhele Futhi (RF) (JSE:MTNZF) 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.
MTN Zakhele Futhi (RF) Net Current Asset Value Related Terms
MTN Zakhele Futhi (RF) Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for MTN Zakhele Futhi (RF)'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.
MTN Zakhele Futhi (RF) Net Current Asset Value Chart
JSE:MTNZF vs XXI, APAD, CCCX: Net Current Asset Value Comparison
For the Shell Companies subindustry, MTN Zakhele Futhi (RF)'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.
MTN Zakhele Futhi (RF) Price-to-Net-Current-Asset-Value vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, MTN Zakhele Futhi (RF)'s Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where MTN Zakhele Futhi (RF)'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 R24.79 mean?
MTN Zakhele Futhi (RF) (JSE:MTNZF) has a Net Current Asset Value of R24.79 as of Jun. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on MTN Zakhele Futhi (RF) and its competitors. This is 2960% above median its historical median of 0.81. Over the past decade, MTN Zakhele Futhi (RF)'s Net Current Asset Value has ranged from 0.01 to 2.12.
Is MTN Zakhele Futhi (RF)'s Net Current Asset Value too high?
MTN Zakhele Futhi (RF)'s current Net Current Asset Value of R24.79 is 2960% above median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 2.12. Overall, MTN Zakhele Futhi (RF) has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does MTN Zakhele Futhi (RF)'s Net Current Asset Value compare to XXI and APAD?
MTN Zakhele Futhi (RF)'s Net Current Asset Value of R24.79 can be compared against companies in the Diversified Financial Services industry. The industry median Net Current Asset Value is 2.33. Historically, MTN Zakhele Futhi (RF)'s own Net Current Asset Value has ranged from 0.01 to 2.12 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 Diversified Financial Services company?
The median Net Current Asset Value among Diversified Financial Services companies is 2.33, based on 196 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 MTN Zakhele Futhi (RF) and its competitors. For the Diversified Financial Services industry, the median Net Current Asset Value is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Zakhele Futhi (RF)'s current Net Current Asset Value is R24.79, which is 2960% above median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTN Zakhele Futhi (RF) stock overvalued right now?
MTN Zakhele Futhi (RF) (JSE:MTNZF) has a current Net Current Asset Value of R24.79. The stock's GF Value™ is R17.15, compared to a current price of R0.20 — trading 98.8% below its estimated fair value. The current Net Current Asset Value is R24.79, which is 2960% above median its 10-year median of 0.81. MTN Zakhele Futhi (RF)'s overall GF Score™ is 34/100 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 MTN Zakhele Futhi (RF) (JSE:MTNZF), the current Net Current Asset Value is R24.79 as of Jun. 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 MTN Zakhele Futhi (RF) (JSE:MTNZF) Overvalued in 2026?
Based on GuruFocus' analysis, MTN Zakhele Futhi (RF) stock appears to be undervalued.
The current stock price of R0.20 is trading 98.8% below its estimated GF Value™ of R17.15.
Key valuation signals for JSE:MTNZF:
Net Current Asset Value: R24.79 (2960% above median its 10-year median of 0.81)
GF Value™: R17.15 vs. price of R0.20 (98.8% below fair value)
No single metric tells the full story. See the JSE:MTNZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MTN Zakhele Futhi (RF) Ltd is an investment company formed as a special purpose investment vehicle to facilitate the implementation of a Broad-Based Black Economic Empowerment. The company is engaged in acquiring and holding shares in MTN Group on behalf of the participating black public.
34GF Score
Get the complete analysis for JSE:MTNZF
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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