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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 Kuehne + Nagel International AG's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kuehne + Nagel International AG was 289.04. The lowest was 170.48. And the median was 229.76.
KHNGF's Price-to-Net-Current-Asset-Value is not ranked *
in the Transportation industry.
Industry Median: 4.065 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Kuehne + Nagel International AG (OTCPK:KHNGF) 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.
Kuehne + Nagel International AG Net Current Asset Value Related Terms
Kuehne + Nagel International AG 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.
Kuehne + Nagel International AG Net Current Asset Value Chart
KHNGF vs UPS, FDX, JBHT: Net Current Asset Value Comparison
For the Integrated Freight & Logistics subindustry, Kuehne + Nagel International AG'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.
Kuehne + Nagel International AG Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, Kuehne + Nagel International AG's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kuehne + Nagel International AG'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 $-36.77 mean?
Kuehne + Nagel International AG (KHNGF) has a Net Current Asset Value of $-36.77 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Kuehne + Nagel International AG and its competitors. Over the past decade, Kuehne + Nagel International AG's Net Current Asset Value has ranged from 170.48 to 289.04. According to the industry distribution chart, Kuehne + Nagel International AG ranks #999999 out of 360 companies in the Transportation industry.
Is Kuehne + Nagel International AG's Net Current Asset Value too high?
Kuehne + Nagel International AG's current Net Current Asset Value is $-36.77. Over the past 10 years, this metric has ranged from a low of 170.48 to a high of 289.04. Based on the distribution chart, Kuehne + Nagel International AG ranks #999999 out of 360 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Kuehne + Nagel International AG has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kuehne + Nagel International AG's Net Current Asset Value compare to UPS and FDX?
According to the Transportation industry distribution chart, Kuehne + Nagel International AG ranks #999999 out of 360 companies for Net Current Asset Value. This places Kuehne + Nagel International AG in the lower half of its industry. The industry median Net Current Asset Value is 4.07. Historically, Kuehne + Nagel International AG's own Net Current Asset Value has ranged from 170.48 to 289.04 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 Transportation company?
The median Net Current Asset Value among Transportation companies is 4.07, based on 360 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 Kuehne + Nagel International AG and its competitors. For the Transportation industry, the median Net Current Asset Value is 4.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kuehne + Nagel International AG's current Net Current Asset Value is $-36.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuehne + Nagel International AG stock overvalued right now?
Based on GuruFocus' analysis, Kuehne + Nagel International AG (KHNGF) is currently considered Fairly Valued. The stock's GF Value™ is $245.56, compared to a current price of $258.00 — trading 5.1% above its estimated fair value. The current Net Current Asset Value is $-36.77. Kuehne + Nagel International AG's overall GF Score™ is 77/100 with 7 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 Kuehne + Nagel International AG (KHNGF), the current Net Current Asset Value is $-36.77 as of Mar. 2026. 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 Kuehne + Nagel International AG (KHNGF) Overvalued in 2026?
Based on GuruFocus' analysis, Kuehne + Nagel International AG stock appears to be overvalued.
The current stock price of $258.00 is trading 5.1% above its estimated GF Value™ of $245.56.
GuruFocus considers Kuehne + Nagel International AG to be Fairly Valued.
Key valuation signals for KHNGF:
Net Current Asset Value: $-36.77
GF Value™: $245.56 vs. price of $258.00 (5.1% above fair value)
No single metric tells the full story. See the KHNGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kuehne + Nagel International AG Business Description
Kuehne+Nagel is a global transportation and logistics company founded in Switzerland in 1890. Following DSV's acquisition of DB Schenker, Kuehne+Nagel will be the second-largest seafreight forwarder globally and will hold a top-three spot in airfreight. Seafreight has traditionally accounted for the largest part of the business, contributing 40% of the group's revenue in 2024. The company aims to become a more balanced, fully integrated freight forwarder, continually improving its end-to-end offering to clients.
77GF Score
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