Mercantile Ports and LogisticsLSE:MPL -3.70% Net Current Asset Value is £-0.13 as of Jun. 2025. The stock has 4 warning signs investors should review. Among 358 Transportation companies, Mercantile Ports and Logistics ranks worse than 279329.33% 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).
The historical rank and industry rank for Mercantile Ports and Logistics'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 Mercantile Ports and Logistics was 23.01. The lowest was 0.87. And the median was 11.94.
LSE:MPL's Price-to-Net-Current-Asset-Value is not ranked *
in the Transportation industry.
Industry Median: 4.025 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Mercantile Ports and Logistics (LSE:MPL) 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.
Mercantile Ports and Logistics Net Current Asset Value Related Terms
Mercantile Ports and Logistics 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.
Mercantile Ports and Logistics Net Current Asset Value Chart
LSE:MPL vs KEX: Net Current Asset Value Comparison
For the Marine Shipping subindustry, Mercantile Ports and Logistics'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.
Mercantile Ports and Logistics Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, Mercantile Ports and Logistics's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Mercantile Ports and Logistics'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 £-0.13 mean?
Mercantile Ports and Logistics (LSE:MPL) has a Net Current Asset Value of £-0.13 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 Mercantile Ports and Logistics and its competitors. Over the past decade, Mercantile Ports and Logistics' Net Current Asset Value has ranged from 0.87 to 23.01. According to the industry distribution chart, Mercantile Ports and Logistics ranks #999999 out of 358 companies in the Transportation industry.
Is Mercantile Ports and Logistics' Net Current Asset Value too high?
Mercantile Ports and Logistics' current Net Current Asset Value is £-0.13. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 23.01. Based on the distribution chart, Mercantile Ports and Logistics ranks #999999 out of 358 companies in the Transportation industry, which is in the bottom quartile relative to peers.
How does Mercantile Ports and Logistics' Net Current Asset Value compare to KEX?
According to the Transportation industry distribution chart, Mercantile Ports and Logistics ranks #999999 out of 358 companies for Net Current Asset Value. This places Mercantile Ports and Logistics in the lower half of its industry. The industry median Net Current Asset Value is 4.03. Historically, Mercantile Ports and Logistics' own Net Current Asset Value has ranged from 0.87 to 23.01 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 4.03, based on 358 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 Mercantile Ports and Logistics and its competitors. For the Transportation industry, the median Net Current Asset Value is 4.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercantile Ports and Logistics's current Net Current Asset Value is £-0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercantile Ports and Logistics stock overvalued right now?
Based on GuruFocus' analysis, Mercantile Ports and Logistics (LSE:MPL) is currently considered Modestly Overvalued. The stock's GF Value™ is £0.01, compared to a current price of £0.01 — trading 30% above its estimated fair value. The current Net Current Asset Value is £-0.13. 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 Mercantile Ports and Logistics (LSE:MPL), the current Net Current Asset Value is £-0.13 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.
Mercantile Ports and Logistics Business Description
Mercantile Ports and Logistics Ltd develops, owns, and operates port and logistics facilities. The site of the company's first project is at Karanja Creek in the Raigad district of Maharashtra, where it intends to develop and operate a modern and efficient port and logistics complex. At the Karanja port, the company focuses on mid-stream discharge and loading of cargo while vessels wait at anchorage for a berth in JNPT, and coastal movement of cargoes, such as containers, cement, and other break-bulk cargo, which typically ply in smaller vessels. The company has only one operating and geographic segment, being the project on hand in India. The company generates the majority of its revenue from lease income operations.
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