Otofarma SpAMIL:OTO -0.71%16 Net Current Asset Value is €0.33 as of Dec. 2024. GuruFocus rates MIL:OTO with a GF Score™ of 16/100. The stock has 1 warning sign investors should review. Among 568 Medical Devices & Instruments companies, Otofarma SpA ranks worse than 69.19% 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).
Otofarma SpA's net current asset value per share for the quarter that ended in Dec. 2024 was €0.33.
The historical rank and industry rank for Otofarma SpA's Net Current Asset Value or its related term are showing as below:
MIL:OTO'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0 Med: 0 Max: 8.48
Current: 8.42
During the past 2 years, the highest Price-to-Net-Current-Asset-Value Ratio of Otofarma SpA was 8.48. The lowest was 0.00. And the median was 0.00.
MIL:OTO's Price-to-Net-Current-Asset-Value is ranked worse than 69.19% of 568
companies
in the Medical Devices & Instruments industry
Industry Median: 5
vs MIL:OTO: 8.42
Otofarma SpA (MIL:OTO) 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.
Otofarma SpA Net Current Asset Value Related Terms
Otofarma SpA Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Otofarma 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.
Otofarma SpA Net Current Asset Value Chart
Otofarma SpA Annual Data
Trend
Dec23
Dec24
Net Current Asset Value
0.12
0.33
Otofarma SpA Semi-Annual Data
Dec23
Dec24
Net Current Asset Value
0.12
0.33
MIL:OTO vs ABT, SYK, MDT: Net Current Asset Value Comparison
For the Medical Devices subindustry, Otofarma 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.
Otofarma SpA Price-to-Net-Current-Asset-Value vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Otofarma SpA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Otofarma 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 €0.33 mean?
Otofarma SpA (MIL:OTO) has a Net Current Asset Value of €0.33 as of Dec. 2024. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Otofarma SpA and its competitors. According to the industry distribution chart, Otofarma SpA ranks #393 out of 568 companies in the Medical Devices & Instruments industry, placing it in the top 69.2%.
Is Otofarma SpA's Net Current Asset Value too high?
Otofarma SpA's current Net Current Asset Value is €0.33. Based on the distribution chart, Otofarma SpA ranks #393 out of 568 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Otofarma SpA has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Otofarma SpA's Net Current Asset Value compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Otofarma SpA ranks #393 out of 568 companies for Net Current Asset Value. This places Otofarma SpA in the lower half of its industry. The industry median Net Current Asset Value is 5.00. 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 Medical Devices & Instruments company?
The median Net Current Asset Value among Medical Devices & Instruments companies is 5.00, based on 568 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 Otofarma SpA and its competitors. For the Medical Devices & Instruments industry, the median Net Current Asset Value is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Otofarma SpA's current Net Current Asset Value is €0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Otofarma SpA stock overvalued right now?
Otofarma SpA (MIL:OTO) has a current Net Current Asset Value of €0.33. The current Net Current Asset Value is €0.33. Otofarma SpA's overall GF Score™ is 16/100 with 1 warning sign 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 Otofarma SpA (MIL:OTO), the current Net Current Asset Value is €0.33 as of Dec. 2024. 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.
Otofarma SpA is engaged in the construction and production of hearing aids, is constantly growing in the audiological field to provide adequate responses to every type of hearing aid need to its customers who require the possible personalized application of custom-made hearing aids. It provides otoacoustic medical devices and TELEMEDICINE services exclusively in affiliated pharmacies, possessing a portfolio of Instrumental IT patents.
16GF Score
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