Zalaris ASA (LTS:0QWF) Net Current Asset Value: kr-4.91 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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LTS:0QWF Zalaris ASA LTS:0QWF
86 GF Score
Price kr99.60
GF Value kr95.24
Valuation Fairly Valued
! 5 Warning Signs
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What is Zalaris ASA Net Current Asset Value?

Zalaris ASA LTS:0QWF 86 Net Current Asset Value is kr-4.91 as of Mar. 2026. GuruFocus rates LTS:0QWF with a GF Score™ of 86/100 and a GF Value™ of kr95.24 (Fairly Valued). The stock has 5 warning signs investors should review. Among 625 Business Services companies, Zalaris ASA ranks worse than 159999.84% 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).

Zalaris ASA's net current asset value per share for the quarter that ended in Mar. 2026 was kr-4.91.

The historical rank and industry rank for Zalaris ASA'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 Zalaris ASA was 13.19. The lowest was 11.55. And the median was 12.18.

LTS:0QWF's Price-to-Net-Current-Asset-Value is not ranked *
in the Business Services industry.
Industry Median: 3.81
* Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.

Zalaris ASA  (LTS:0QWF) 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 Graham’s 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.


Zalaris ASA Net Current Asset Value Related Terms


Zalaris ASA Net Current Asset Value Historical Data

* Premium members only.

The historical data trend for Zalaris ASA'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.

Zalaris ASA Net Current Asset Value Chart

Zalaris ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.50 -12.10 -11.75 -9.19 -6.18

Zalaris ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.82 -7.79 -7.41 -6.18 -4.91

LTS:0QWF vs KFY, RHI, TNET: Net Current Asset Value Comparison

For the Staffing & Employment Services subindustry, Zalaris ASA'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.


Zalaris ASA Price-to-Net-Current-Asset-Value vs Business Services Industry

For the Business Services industry and Industrials sector, Zalaris ASA's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Zalaris ASA's Price-to-Net-Current-Asset-Value falls into.


LTS:0QWF
86GF Score
Zalaris ASA LTS:0QWF
Net Current Asset Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Zalaris ASA Net Current Asset Value Calculation

Zalaris ASA's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net Current Asset Value Per Share(A: Dec. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(874.781-1012.168--3.17-0)/21.733
=-6.18

Zalaris ASA's Net Current Asset Value (NCAV) per share for the quarter that ended in Mar. 2026 is calculated as

Net Current Asset Value Per Share(Q: Mar. 2026 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(831.662-941.88--3.278-0)/21.779
=-4.91

* 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 kr-4.91 mean?
Zalaris ASA (LTS:0QWF) has a Net Current Asset Value of kr-4.91 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 Zalaris ASA and its competitors. Over the past decade, Zalaris ASA's Net Current Asset Value has ranged from 11.55 to 13.19. According to the industry distribution chart, Zalaris ASA ranks #999999 out of 625 companies in the Business Services industry.
Is Zalaris ASA's Net Current Asset Value too high?
Zalaris ASA's current Net Current Asset Value is kr-4.91. Over the past 10 years, this metric has ranged from a low of 11.55 to a high of 13.19. Based on the distribution chart, Zalaris ASA ranks #999999 out of 625 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Zalaris ASA has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zalaris ASA's Net Current Asset Value compare to KFY and RHI?
According to the Business Services industry distribution chart, Zalaris ASA ranks #999999 out of 625 companies for Net Current Asset Value. This places Zalaris ASA in the lower half of its industry. The industry median Net Current Asset Value is 3.81. Historically, Zalaris ASA's own Net Current Asset Value has ranged from 11.55 to 13.19 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 Business Services company?
The median Net Current Asset Value among Business Services companies is 3.81, based on 625 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 Zalaris ASA and its competitors. For the Business Services industry, the median Net Current Asset Value is 3.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zalaris ASA's current Net Current Asset Value is kr-4.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zalaris ASA stock overvalued right now?
Based on GuruFocus' analysis, Zalaris ASA (LTS:0QWF) is currently considered Fairly Valued. The stock's GF Value™ is kr95.24, compared to a current price of kr99.60 — trading 4.6% above its estimated fair value. The current Net Current Asset Value is kr-4.91. Zalaris ASA's overall GF Score™ is 86/100 with 5 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 Zalaris ASA (LTS:0QWF), the current Net Current Asset Value is kr-4.91 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 Zalaris ASA (LTS:0QWF) Overvalued in 2026?

Based on GuruFocus' analysis, Zalaris ASA stock appears to be overvalued. The current stock price of kr99.60 is trading 4.6% above its estimated GF Value™ of kr95.24. GuruFocus considers Zalaris ASA to be Fairly Valued.

Key valuation signals for LTS:0QWF:

  • Net Current Asset Value: kr-4.91
  • GF Value™: kr95.24 vs. price of kr99.60 (4.6% above fair value)
  • GF Score™: 86/100 with 5 warning signs

No single metric tells the full story. See the LTS:0QWF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zalaris ASA Business Description

Address Hoffsveien 4, Oslo, NOR, NO-0275
Zalaris ASA is a company that offers outsourced personnel and payroll services. The company has two reportable segments: Managed Services and Zalaris Consulting. Managed Services include payroll and HR outsourcing services, cloud system solutions and services, and contribute to the majority of the revenue. The Zalaris Consulting segment includes the implementation of SAP HCM & Payroll and SuccessFactors, based on Zalaris templates, or implementation of customer-specific functionalities. Zalaris operates in Norway, Northern Europe, Central Europe, the UK, Ireland, and APAC.
86GF Score

Get the complete analysis for LTS:0QWF

Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr99.60
Price
kr95.24
GF Value