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High Quality Food SpAMIL:HQF 30 Net Current Asset Value is €0.36 as of Dec. 2025, which is 100% below its 10-year median of 2.49. GuruFocus rates MIL:HQF with a GF Score™ of 30/100. The stock has 7 warning signs investors should review. Among 135 Retail - Defensive companies, High Quality Food SpA ranks better than 80% 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).
High Quality Food SpA's net current asset value per share for the quarter that ended in Dec. 2025 was €0.36.
The historical rank and industry rank for High Quality Food SpA's Net Current Asset Value or its related term are showing as below:
MIL:HQF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.4 Med: 2.49 Max: 9.86
Current: 1.4
During the past 5 years, the highest Price-to-Net-Current-Asset-Value Ratio of High Quality Food SpA was 9.86. The lowest was 1.40. And the median was 2.49.
MIL:HQF's Price-to-Net-Current-Asset-Value is ranked better than 80% of 135
companies
in the Retail - Defensive industry
Industry Median: 3.35
vs MIL:HQF: 1.40
High Quality Food SpA (MIL:HQF) 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.
High Quality Food SpA Net Current Asset Value Related Terms
High Quality Food SpA Net Current Asset Value Historical Data
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The historical data trend for High Quality Food 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.
High Quality Food SpA Net Current Asset Value Chart
MIL:HQF vs SYY, USFD, PFGC: Net Current Asset Value Comparison
For the Food Distribution subindustry, High Quality Food 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.
High Quality Food SpA Price-to-Net-Current-Asset-Value vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, High Quality Food SpA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where High Quality Food 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 €0.36 mean?
High Quality Food SpA (MIL:HQF) has a Net Current Asset Value of €0.36 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 High Quality Food SpA and its competitors. This is 86% below median its historical median of 2.49. Over the past decade, High Quality Food SpA's Net Current Asset Value has ranged from 1.40 to 9.86. According to the industry distribution chart, High Quality Food SpA ranks #27 out of 135 companies in the Retail - Defensive industry, placing it in the top 20%.
Is High Quality Food SpA's Net Current Asset Value too high?
High Quality Food SpA's current Net Current Asset Value of €0.36 is 86% below median its 10-year median of 2.49. Over the past 10 years, this metric has ranged from a low of 1.40 to a high of 9.86. Based on the distribution chart, High Quality Food SpA ranks #27 out of 135 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, High Quality Food SpA has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does High Quality Food SpA's Net Current Asset Value compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, High Quality Food SpA ranks #27 out of 135 companies for Net Current Asset Value. This places High Quality Food SpA in the top 20% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.35. Historically, High Quality Food SpA's own Net Current Asset Value has ranged from 1.40 to 9.86 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 Retail - Defensive company?
The median Net Current Asset Value among Retail - Defensive companies is 3.35, based on 135 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 High Quality Food SpA and its competitors. For the Retail - Defensive industry, the median Net Current Asset Value is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. High Quality Food SpA's current Net Current Asset Value is €0.36, which is 86% below median its own 10-year median of 2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is High Quality Food SpA stock overvalued right now?
High Quality Food SpA (MIL:HQF) has a current Net Current Asset Value of €0.36. The current Net Current Asset Value is €0.36, which is 86% below median its 10-year median of 2.49. High Quality Food SpA's overall GF Score™ is 30/100 with 7 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 High Quality Food SpA (MIL:HQF), the current Net Current Asset Value is €0.36 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.
High Quality Food SpA specializes in producing and marketing food products mainly for the hotel and restaurant sectors. It offers meats, charcuterie products, cheese products, fish and seafood products, fresh fruits and vegetables, bakery products, pasta, rice and cereals, oil, sauces and condiments, canned and tinned products, etc. The company also sells accessories for the catering industry such as vacuum packing, bamboo skewers, packaging, etc. Geographically, the company derives a majority of its revenue from Italy and the rest from other parts of Europe, and other countries.
30GF Score
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