Brown-FormanMEX:BFB 69 Net Current Asset Value is MXN4.47 as of Apr. 2026, which is 100% below its 10-year median of 195.46. GuruFocus rates MEX:BFB with a GF Score™ of 69/100 and a GF Value™ of MXN707.72. The stock has 2 warning signs investors should review. Among 118 Beverages - Alcoholic companies, Brown-Forman ranks worse than 97.46% 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).
Brown-Forman's net current asset value per share for the quarter that ended in Apr. 2026 was MXN4.47.
The historical rank and industry rank for Brown-Forman's Net Current Asset Value or its related term are showing as below:
MEX:BFB'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 99.12 Med: 195.46 Max: 693.45
Current: 99.22
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Brown-Forman was 693.45. The lowest was 99.12. And the median was 195.46.
MEX:BFB's Price-to-Net-Current-Asset-Value is ranked worse than 97.46% of 118
companies
in the Beverages - Alcoholic industry
Industry Median: 5.055
vs MEX:BFB: 99.22
Brown-Forman (MEX:BFB) 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.
Brown-Forman Net Current Asset Value Related Terms
Brown-Forman Net Current Asset Value Historical Data
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The historical data trend for Brown-Forman'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.
MEX:BFB vs MGPI, SNDL, AGCC: Net Current Asset Value Comparison
For the Beverages - Wineries & Distilleries subindustry, Brown-Forman'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.
Brown-Forman Price-to-Net-Current-Asset-Value vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Brown-Forman's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Brown-Forman'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 MXN4.47 mean?
Brown-Forman (MEX:BFB) has a Net Current Asset Value of MXN4.47 as of Apr. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Brown-Forman and its competitors. This is 98% below median its historical median of 195.46. Over the past decade, Brown-Forman's Net Current Asset Value has ranged from 99.12 to 693.45. According to the industry distribution chart, Brown-Forman ranks #115 out of 118 companies in the Beverages - Alcoholic industry, placing it in the top 97.5%.
Is Brown-Forman's Net Current Asset Value too high?
Brown-Forman's current Net Current Asset Value of MXN4.47 is 98% below median its 10-year median of 195.46. Over the past 10 years, this metric has ranged from a low of 99.12 to a high of 693.45. Based on the distribution chart, Brown-Forman ranks #115 out of 118 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Brown-Forman has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Brown-Forman's Net Current Asset Value compare to MGPI and SNDL?
According to the Beverages - Alcoholic industry distribution chart, Brown-Forman ranks #115 out of 118 companies for Net Current Asset Value. This places Brown-Forman in the lower half of its industry. The industry median Net Current Asset Value is 5.06. Historically, Brown-Forman's own Net Current Asset Value has ranged from 99.12 to 693.45 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 Beverages - Alcoholic company?
The median Net Current Asset Value among Beverages - Alcoholic companies is 5.06, based on 118 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 Brown-Forman and its competitors. For the Beverages - Alcoholic industry, the median Net Current Asset Value is 5.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brown-Forman's current Net Current Asset Value is MXN4.47, which is 98% below median its own 10-year median of 195.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brown-Forman stock overvalued right now?
Brown-Forman (MEX:BFB) has a current Net Current Asset Value of MXN4.47. The stock's GF Value™ is MXN707.72, compared to a current price of MXN455.44 — trading 35.6% below its estimated fair value. The current Net Current Asset Value is MXN4.47, which is 98% below median its 10-year median of 195.46. Brown-Forman's overall GF Score™ is 69/100 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 Brown-Forman (MEX:BFB), the current Net Current Asset Value is MXN4.47 as of Apr. 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 Brown-Forman (MEX:BFB) Overvalued in 2026?
Based on GuruFocus' analysis, Brown-Forman stock appears to be undervalued.
The current stock price of MXN455.44 is trading 35.6% below its estimated GF Value™ of MXN707.72.
Key valuation signals for MEX:BFB:
Net Current Asset Value: MXN4.47 (98% below median its 10-year median of 195.46)
GF Value™: MXN707.72 vs. price of MXN455.44 (35.6% below fair value)
No single metric tells the full story. See the MEX:BFB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Brown-Forman is a US-based manufacturer of premium distilled spirits. It generates over 70% of its revenue in the whiskey category, under well-known Tennessee whiskey brand Jack Daniel's and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generated 44% of fiscal 2025 sales from the US, while the bulk of international revenue comes from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and 67% of the voting power in the company.
69GF Score
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