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).
X-FAB Silicon Foundries SE's net current asset value per share for the quarter that ended in Mar. 2026 was €-1.58.
The historical rank and industry rank for X-FAB Silicon Foundries SE's Net Current Asset Value or its related term are showing as below:
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of X-FAB Silicon Foundries SE was 29.90. The lowest was 1.95. And the median was 3.81.
LTS:0ROZ's Price-to-Net-Current-Asset-Value is not ranked *
in the Semiconductors industry.
Industry Median: 8.77 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
X-FAB Silicon Foundries SE (LTS:0ROZ) 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.
X-FAB Silicon Foundries SE Net Current Asset Value Related Terms
X-FAB Silicon Foundries SE 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.
X-FAB Silicon Foundries SE Net Current Asset Value Chart
LTS:0ROZ vs NVDA, AVGO, MU: Net Current Asset Value Comparison
For the Semiconductors subindustry, X-FAB Silicon Foundries SE'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.
X-FAB Silicon Foundries SE Price-to-Net-Current-Asset-Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, X-FAB Silicon Foundries SE's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where X-FAB Silicon Foundries SE'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 €-1.58 mean?
X-FAB Silicon Foundries SE (LTS:0ROZ) has a Net Current Asset Value of €-1.58 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 X-FAB Silicon Foundries SE and its competitors. Over the past decade, X-FAB Silicon Foundries SE's Net Current Asset Value has ranged from 1.95 to 29.90. According to the industry distribution chart, X-FAB Silicon Foundries SE ranks #999999 out of 719 companies in the Semiconductors industry.
Is X-FAB Silicon Foundries SE's Net Current Asset Value too high?
X-FAB Silicon Foundries SE's current Net Current Asset Value is €-1.58. Over the past 10 years, this metric has ranged from a low of 1.95 to a high of 29.90. Based on the distribution chart, X-FAB Silicon Foundries SE ranks #999999 out of 719 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, X-FAB Silicon Foundries SE has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does X-FAB Silicon Foundries SE's Net Current Asset Value compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, X-FAB Silicon Foundries SE ranks #999999 out of 719 companies for Net Current Asset Value. This places X-FAB Silicon Foundries SE in the lower half of its industry. The industry median Net Current Asset Value is 8.77. Historically, X-FAB Silicon Foundries SE's own Net Current Asset Value has ranged from 1.95 to 29.90 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 Semiconductors company?
The median Net Current Asset Value among Semiconductors companies is 8.77, based on 719 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 X-FAB Silicon Foundries SE and its competitors. For the Semiconductors industry, the median Net Current Asset Value is 8.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. X-FAB Silicon Foundries SE's current Net Current Asset Value is €-1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is X-FAB Silicon Foundries SE stock overvalued right now?
Based on GuruFocus' analysis, X-FAB Silicon Foundries SE (LTS:0ROZ) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.73, compared to a current price of €7.81 — trading 36.3% above its estimated fair value. The current Net Current Asset Value is €-1.58. X-FAB Silicon Foundries SE's overall GF Score™ is 78/100 with 6 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 X-FAB Silicon Foundries SE (LTS:0ROZ), the current Net Current Asset Value is €-1.58 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 X-FAB Silicon Foundries SE (LTS:0ROZ) Overvalued in 2026?
Based on GuruFocus' analysis, X-FAB Silicon Foundries SE stock appears to be overvalued.
The current stock price of €7.81 is trading 36.3% above its estimated GF Value™ of €5.73.
GuruFocus considers X-FAB Silicon Foundries SE to be Significantly Overvalued.
Key valuation signals for LTS:0ROZ:
Net Current Asset Value: €-1.58
GF Value™: €5.73 vs. price of €7.81 (36.3% above fair value)
No single metric tells the full story. See the LTS:0ROZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
X-FAB Silicon Foundries SE is a specialty foundry providing a comprehensive set of specialty technologies and design IP to enable its customers to develop semiconductor products that are manufactured at X-FAB's six wafer fabs located in Malaysia, Germany, France, and the United States. With its expertise in analog/mixed-signal, microsystems, photonics, and wide bandgap technologies, X-FAB is the development and manufacturing partner for its customers, mainly serving the automotive, industrial, and medical end markets. The Group manages its CMOS, SiC, and MEMS operations as one single operating segment. Geographically, the company operates in Europe and Asia regions, and the majority of its revenue is generated from the Europe region.
78GF Score
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