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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
NFTMI -2.14%37 Net Current Asset Value is $556.89 as of Dec. 2025. GuruFocus rates MI with a GF Score™ of 37/100 and a GF Value™ of $28.07 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 557 Retail - Cyclical companies, NFT ranks better than 99.82% 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).
NFT's net current asset value per share for the quarter that ended in Dec. 2025 was $556.89.
The historical rank and industry rank for NFT'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 NFT was 6.11. The lowest was 0.01. And the median was 0.99.
MI's Price-to-Net-Current-Asset-Value is not ranked *
in the Retail - Cyclical industry.
Industry Median: 3.27 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
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.
NFT Net Current Asset Value Related Terms
NFT Net Current Asset Value Historical Data
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The historical data trend for NFT'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.
MI vs NEXR, IPW, OCG: Net Current Asset Value Comparison
For the Internet Retail subindustry, NFT'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.
NFT Price-to-Net-Current-Asset-Value vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, NFT's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where NFT'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 $556.89 mean?
NFT (MI) has a Net Current Asset Value of $556.89 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on NFT and its competitors. According to the industry distribution chart, NFT ranks #1 out of 557 companies in the Retail - Cyclical industry, placing it in the top 0.2%.
Is NFT's Net Current Asset Value too high?
NFT's current Net Current Asset Value is $556.89. The Retail - Cyclical industry median Net Current Asset Value is 3.27. NFT's value of $556.89 is 16930.3% above this industry median. Based on the distribution chart, NFT ranks #1 out of 557 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, NFT has a GF Score™ of 37/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NFT's Net Current Asset Value compare to NEXR and IPW?
According to the Retail - Cyclical industry distribution chart, NFT ranks #1 out of 557 companies for Net Current Asset Value. This places NFT in the top 0% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.27. NFT's value of $556.89 is 16930.3% above this benchmark. 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 Retail - Cyclical company?
The median Net Current Asset Value among Retail - Cyclical companies is 3.27, based on 557 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. NFT's current Net Current Asset Value of $556.89 is 16930.3% above the industry median. 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 NFT and its competitors. For the Retail - Cyclical industry, the median Net Current Asset Value is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NFT's current Net Current Asset Value is $556.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NFT stock overvalued right now?
Based on GuruFocus' analysis, NFT (MI) is currently considered Possible Value Trap. The stock's GF Value™ is $28.07, compared to a current price of $2.74 — trading 90.2% below its estimated fair value. The current Net Current Asset Value is $556.89 and 16930.3% above the Retail - Cyclical industry median of 3.27. NFT's overall GF Score™ is 37/100 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 NFT (MI), the current Net Current Asset Value is $556.89 as of Dec. 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.
Is NFT (MI) Overvalued in 2026?
Based on GuruFocus' analysis, NFT stock appears to be undervalued.
The current stock price of $2.74 is trading 90.2% below its estimated GF Value™ of $28.07.
GuruFocus considers NFT to be Possible Value Trap.
Key valuation signals for MI:
Net Current Asset Value: $556.89
GF Value™: $28.07 vs. price of $2.74 (90.2% below fair value)
Industry Position: 16930.3% above the Retail - Cyclical median (#1 of 557)
No single metric tells the full story. See the MI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NFT Ltd operates an online electronic platform for offering and trading artwork. Through its platform, the company allows artists/art dealers/owners to access a much bigger art trading market where artists can engage with a wide range of investors. Its platform also invests in high-end artwork accessible to ordinary people without financial resources. The company's trading platforms comprise the sale of calligraphies and paintings, jewelry, and precious stones. It generates revenue in the form of services in connection with the offering and trading of artwork on its system, consisting of listing fees, trading commissions, and management fees.
37GF Score
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