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Gear4music (Holdings)LSE:G4M 68 Net Current Asset Value is £0.54 as of Mar. 2026, which is 100% below its 10-year median of 28.70. GuruFocus rates LSE:G4M with a GF Score™ of 68/100 and a GF Value™ of £2.20 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 558 Retail - Cyclical companies, Gear4music (Holdings) ranks worse than 64.7% 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).
Gear4music (Holdings)'s net current asset value per share for the quarter that ended in Mar. 2026 was £0.54.
The historical rank and industry rank for Gear4music (Holdings)'s Net Current Asset Value or its related term are showing as below:
LSE:G4M'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.19 Med: 28.7 Max: 54.25
Current: 5.14
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Gear4music (Holdings) was 54.25. The lowest was 4.19. And the median was 28.70.
LSE:G4M's Price-to-Net-Current-Asset-Value is ranked worse than 64.7% of 558
companies
in the Retail - Cyclical industry
Industry Median: 3.08
vs LSE:G4M: 5.14
Gear4music (Holdings) (LSE:G4M) 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.
Gear4music (Holdings) Net Current Asset Value Related Terms
Gear4music (Holdings) Net Current Asset Value Historical Data
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The historical data trend for Gear4music (Holdings)'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.
Gear4music (Holdings) Net Current Asset Value Chart
LSE:G4M vs AMZN, BABA, PDD: Net Current Asset Value Comparison
For the Internet Retail subindustry, Gear4music (Holdings)'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.
Gear4music (Holdings) Price-to-Net-Current-Asset-Value vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Gear4music (Holdings)'s Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Gear4music (Holdings)'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 £0.54 mean?
Gear4music (Holdings) (LSE:G4M) has a Net Current Asset Value of £0.54 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 Gear4music (Holdings) and its competitors. This is 98% below median its historical median of 28.70. Over the past decade, Gear4music (Holdings)'s Net Current Asset Value has ranged from 4.19 to 54.25. According to the industry distribution chart, Gear4music (Holdings) ranks #361 out of 558 companies in the Retail - Cyclical industry, placing it in the top 64.7%.
Is Gear4music (Holdings)'s Net Current Asset Value too high?
Gear4music (Holdings)'s current Net Current Asset Value of £0.54 is 98% below median its 10-year median of 28.70. Over the past 10 years, this metric has ranged from a low of 4.19 to a high of 54.25. Based on the distribution chart, Gear4music (Holdings) ranks #361 out of 558 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Gear4music (Holdings) has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gear4music (Holdings)'s Net Current Asset Value compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Gear4music (Holdings) ranks #361 out of 558 companies for Net Current Asset Value. This places Gear4music (Holdings) in the lower half of its industry. The industry median Net Current Asset Value is 3.08. Historically, Gear4music (Holdings)'s own Net Current Asset Value has ranged from 4.19 to 54.25 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 Retail - Cyclical company?
The median Net Current Asset Value among Retail - Cyclical companies is 3.08, based on 558 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 Gear4music (Holdings) and its competitors. For the Retail - Cyclical industry, the median Net Current Asset Value is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gear4music (Holdings)'s current Net Current Asset Value is £0.54, which is 98% below median its own 10-year median of 28.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gear4music (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Gear4music (Holdings) (LSE:G4M) is currently considered Modestly Overvalued. The stock's GF Value™ is £2.20, compared to a current price of £2.78 — trading 26.1% above its estimated fair value. The current Net Current Asset Value is £0.54, which is 98% below median its 10-year median of 28.70. Gear4music (Holdings)'s overall GF Score™ is 68/100 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 Gear4music (Holdings) (LSE:G4M), the current Net Current Asset Value is £0.54 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 Gear4music (Holdings) (LSE:G4M) Overvalued in 2026?
Based on GuruFocus' analysis, Gear4music (Holdings) stock appears to be overvalued.
The current stock price of £2.78 is trading 26.1% above its estimated GF Value™ of £2.20.
GuruFocus considers Gear4music (Holdings) to be Modestly Overvalued.
Key valuation signals for LSE:G4M:
Net Current Asset Value: £0.54 (98% below median its 10-year median of 28.70)
GF Value™: £2.20 vs. price of £2.78 (26.1% above fair value)
No single metric tells the full story. See the LSE:G4M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gear4music (Holdings) PLC, a holding company operates as an online retailer of musical instruments and equipment. Geographically, it derives majority of its revenue from the United Kingdom and has a presence in Europe and the Rest of the World. It generates revenue by-products such as Own-brand products, Other-brand products, Warranty income and Other. The company has developed its e-commerce platform, with multilingual, multicurrency and responsive design Websites.
68GF Score
Get the complete analysis for LSE:G4M
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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