Anima Holding SpAMIL:ANIM +0.57%78 Net Current Asset Value is €0.56 as of Dec. 2025, which is 100% below its 10-year median of 12.41. GuruFocus rates MIL:ANIM with a GF Score™ of 78/100 and a GF Value™ of €6.36 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 376 Asset Management companies, Anima Holding SpA ranks worse than 265957.18% 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).
Anima Holding SpA's net current asset value per share for the quarter that ended in Dec. 2025 was €0.56.
The historical rank and industry rank for Anima Holding SpA'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 Anima Holding SpA was 13.97. The lowest was 10.84. And the median was 12.41.
MIL:ANIM's Price-to-Net-Current-Asset-Value is not ranked *
in the Asset Management industry.
Industry Median: 3.39 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Anima Holding SpA (MIL:ANIM) 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.
Anima Holding SpA Net Current Asset Value Related Terms
Anima Holding SpA Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Anima Holding SpA'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.
MIL:ANIM vs BLK, BX, KKR: Net Current Asset Value Comparison
For the Asset Management subindustry, Anima Holding SpA'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.
Anima Holding SpA Price-to-Net-Current-Asset-Value vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Anima Holding SpA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Anima Holding SpA'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 €0.56 mean?
Anima Holding SpA (MIL:ANIM) has a Net Current Asset Value of €0.56 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 Anima Holding SpA and its competitors. This is 95% below median its historical median of 12.41. Over the past decade, Anima Holding SpA's Net Current Asset Value has ranged from 10.84 to 13.97. According to the industry distribution chart, Anima Holding SpA ranks #999999 out of 376 companies in the Asset Management industry.
Is Anima Holding SpA's Net Current Asset Value too high?
Anima Holding SpA's current Net Current Asset Value of €0.56 is 95% below median its 10-year median of 12.41. Over the past 10 years, this metric has ranged from a low of 10.84 to a high of 13.97. Based on the distribution chart, Anima Holding SpA ranks #999999 out of 376 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Anima Holding SpA has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anima Holding SpA's Net Current Asset Value compare to BLK and BX?
According to the Asset Management industry distribution chart, Anima Holding SpA ranks #999999 out of 376 companies for Net Current Asset Value. This places Anima Holding SpA in the lower half of its industry. The industry median Net Current Asset Value is 3.39. Historically, Anima Holding SpA's own Net Current Asset Value has ranged from 10.84 to 13.97 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 an Asset Management company?
The median Net Current Asset Value among Asset Management companies is 3.39, based on 376 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 Anima Holding SpA and its competitors. For the Asset Management industry, the median Net Current Asset Value is 3.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anima Holding SpA's current Net Current Asset Value is €0.56, which is 95% below median its own 10-year median of 12.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anima Holding SpA stock overvalued right now?
Based on GuruFocus' analysis, Anima Holding SpA (MIL:ANIM) is currently considered Modestly Overvalued. The stock's GF Value™ is €6.36, compared to a current price of €7.09 — trading 11.5% above its estimated fair value. The current Net Current Asset Value is €0.56, which is 95% below median its 10-year median of 12.41. Anima Holding SpA's overall GF Score™ is 78/100 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 Anima Holding SpA (MIL:ANIM), the current Net Current Asset Value is €0.56 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 Anima Holding SpA (MIL:ANIM) Overvalued in 2026?
Based on GuruFocus' analysis, Anima Holding SpA stock appears to be overvalued.
The current stock price of €7.09 is trading 11.5% above its estimated GF Value™ of €6.36.
GuruFocus considers Anima Holding SpA to be Modestly Overvalued.
Key valuation signals for MIL:ANIM:
Net Current Asset Value: €0.56 (95% below median its 10-year median of 12.41)
GF Value™: €6.36 vs. price of €7.09 (11.5% above fair value)
No single metric tells the full story. See the MIL:ANIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anima Holding SpA is one of the Italian independent asset management operators. Anima's offering is composed of Italian mutual funds, open-ended umbrella funds domiciled in Ireland and Luxembourg, and pension funds. The company also offers institutional and private pension funds, as well as private wealth and institutional asset management services.
78GF Score
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