Super GroupJSE:SPG +2.84%87 Net Current Asset Value is R-18.64 as of Dec. 2025. GuruFocus rates JSE:SPG with a GF Score™ of 87/100 and a GF Value™ of R23.73 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 359 Transportation companies, Super Group ranks worse than 278551.25% 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).
Super Group's net current asset value per share for the quarter that ended in Dec. 2025 was R-18.64.
The historical rank and industry rank for Super Group's Net Current Asset Value or its related term are showing as below:
JSE:SPG's Price-to-Net-Current-Asset-Value is not ranked *
in the Transportation industry.
Industry Median: 3.96 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Super Group (JSE:SPG) 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.
Super Group Net Current Asset Value Related Terms
Super Group Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Super Group'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:SPG vs UPS, FDX, JBHT: Net Current Asset Value Comparison
For the Integrated Freight & Logistics subindustry, Super Group'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.
Super Group Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, Super Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Super Group'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 R-18.64 mean?
Super Group (JSE:SPG) has a Net Current Asset Value of R-18.64 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 Super Group and its competitors. According to the industry distribution chart, Super Group ranks #999999 out of 359 companies in the Transportation industry.
Is Super Group's Net Current Asset Value too high?
Super Group's current Net Current Asset Value is R-18.64. Based on the distribution chart, Super Group ranks #999999 out of 359 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Super Group has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Super Group's Net Current Asset Value compare to UPS and FDX?
According to the Transportation industry distribution chart, Super Group ranks #999999 out of 359 companies for Net Current Asset Value. This places Super Group in the lower half of its industry. The industry median Net Current Asset Value is 3.96. 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 Transportation company?
The median Net Current Asset Value among Transportation companies is 3.96, based on 359 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 Super Group and its competitors. For the Transportation industry, the median Net Current Asset Value is 3.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Super Group's current Net Current Asset Value is R-18.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Super Group stock overvalued right now?
Based on GuruFocus' analysis, Super Group (JSE:SPG) is currently considered Modestly Undervalued. The stock's GF Value™ is R23.73, compared to a current price of R19.92 — trading 16.1% below its estimated fair value. The current Net Current Asset Value is R-18.64. Super Group's overall GF Score™ is 87/100 with 11 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 Super Group (JSE:SPG), the current Net Current Asset Value is R-18.64 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 Super Group (JSE:SPG) Overvalued in 2026?
Based on GuruFocus' analysis, Super Group stock appears to be undervalued.
The current stock price of R19.92 is trading 16.1% below its estimated GF Value™ of R23.73.
GuruFocus considers Super Group to be Modestly Undervalued.
Key valuation signals for JSE:SPG:
Net Current Asset Value: R-18.64
GF Value™: R23.73 vs. price of R19.92 (16.1% below fair value)
No single metric tells the full story. See the JSE:SPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Super Group Ltd provides logistics and mobility solutions across sub-Saharan Africa, the United Kingdom, Europe, and Australasia through several key segments. Its Supply Chain divisions offer distribution, warehousing, and courier services. The Dealerships divisions manage the sale and servicing of passenger and commercial vehicles in South Africa and the United Kingdom, representing key vehicle brands. The Fleet Solutions divisions provide fleet management and vehicle leasing services. The principal segments of the company are Supply Chain Africa, Supply Chain Europe, Fleet Africa, SG Fleet, Dealerships SA, Dealerships UK and Services. Geographically, the company generates the majority of its revenue from South Africa.
87GF Score
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