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Northern BearLSE:NTBR +5.11%50 Net Current Asset Value is £0.07 as of Mar. 2026, which is 100% below its 10-year median of 13.00. GuruFocus rates LSE:NTBR with a GF Score™ of 50/100 and a GF Value™ of £0.92 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,063 Construction companies, Northern Bear ranks worse than 87.68% 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).
Northern Bear's net current asset value per share for the quarter that ended in Mar. 2026 was £0.07.
The historical rank and industry rank for Northern Bear's Net Current Asset Value or its related term are showing as below:
LSE:NTBR'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 13 Med: 13 Max: 17.64
Current: 17.64
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Northern Bear was 17.64. The lowest was 13.00. And the median was 13.00.
LSE:NTBR's Price-to-Net-Current-Asset-Value is ranked worse than 87.68% of 1063
companies
in the Construction industry
Industry Median: 3.21
vs LSE:NTBR: 17.64
Northern Bear (LSE:NTBR) 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.
Northern Bear Net Current Asset Value Related Terms
Northern Bear Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Northern Bear'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.
LSE:NTBR vs TT, JCI, CARR: Net Current Asset Value Comparison
For the Building Products & Equipment subindustry, Northern Bear'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.
Northern Bear Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Northern Bear's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Northern Bear'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 £0.07 mean?
Northern Bear (LSE:NTBR) has a Net Current Asset Value of £0.07 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 Northern Bear and its competitors. This is 99% below median its historical median of 13.00. Over the past decade, Northern Bear's Net Current Asset Value has ranged from 13.00 to 17.64. According to the industry distribution chart, Northern Bear ranks #932 out of 1063 companies in the Construction industry, placing it in the top 87.7%.
Is Northern Bear's Net Current Asset Value too high?
Northern Bear's current Net Current Asset Value of £0.07 is 99% below median its 10-year median of 13.00. Over the past 10 years, this metric has ranged from a low of 13.00 to a high of 17.64. Based on the distribution chart, Northern Bear ranks #932 out of 1063 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Northern Bear has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northern Bear's Net Current Asset Value compare to TT and JCI?
According to the Construction industry distribution chart, Northern Bear ranks #932 out of 1063 companies for Net Current Asset Value. This places Northern Bear in the lower half of its industry. The industry median Net Current Asset Value is 3.21. Historically, Northern Bear's own Net Current Asset Value has ranged from 13.00 to 17.64 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.21, based on 1,063 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 Northern Bear and its competitors. For the Construction industry, the median Net Current Asset Value is 3.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Bear's current Net Current Asset Value is £0.07, which is 99% below median its own 10-year median of 13.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Bear stock overvalued right now?
Based on GuruFocus' analysis, Northern Bear (LSE:NTBR) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.92, compared to a current price of £1.24 — trading 34.2% above its estimated fair value. The current Net Current Asset Value is £0.07, which is 99% below median its 10-year median of 13.00. Northern Bear's overall GF Score™ is 50/100 with 2 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 Northern Bear (LSE:NTBR), the current Net Current Asset Value is £0.07 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 Northern Bear (LSE:NTBR) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Bear stock appears to be overvalued.
The current stock price of £1.24 is trading 34.2% above its estimated GF Value™ of £0.92.
GuruFocus considers Northern Bear to be Significantly Overvalued.
Key valuation signals for LSE:NTBR:
Net Current Asset Value: £0.07 (99% below median its 10-year median of 13.00)
GF Value™: £0.92 vs. price of £1.24 (34.2% above fair value)
No single metric tells the full story. See the LSE:NTBR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Bear PLC is a specialist building service provider serving the support services sector. Its operating segments include Roofing activities - companies providing a comprehensive range of roofing services including slang, felting, refurbishment, and maintenance for domestic, commercial, and public sector properties; Materials handling activities - supply, service, and maintenance of forklift trucks and warehouse equipment on hire and for sale; Specialist building services activities - aggregation of other specialist building services companies providing services including building maintenance, electrical contracting, and sound insulation and Corporate and other activities - the provision of head office activity and consolidation items. It generates revenues mainly from the UK.
50GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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