Sanlorenzo SpAMIL:SL +0.67%91 Net Current Asset Value is €2.67 as of Mar. 2026, which is 100% below its 10-year median of 26.64. GuruFocus rates MIL:SL with a GF Score™ of 91/100 and a GF Value™ of €39.22 (Fairly Valued). The stock has 8 warning signs investors should review. Among 707 Vehicles & Parts companies, Sanlorenzo SpA ranks worse than 78.08% 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).
Sanlorenzo SpA's net current asset value per share for the quarter that ended in Mar. 2026 was €2.67.
The historical rank and industry rank for Sanlorenzo SpA's Net Current Asset Value or its related term are showing as below:
MIL:SL'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 11.54 Med: 26.64 Max: 246.92
Current: 13.41
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Sanlorenzo SpA was 246.92. The lowest was 11.54. And the median was 26.64.
MIL:SL's Price-to-Net-Current-Asset-Value is ranked worse than 78.08% of 707
companies
in the Vehicles & Parts industry
Industry Median: 4.9
vs MIL:SL: 13.41
Sanlorenzo SpA (MIL:SL) 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.
Sanlorenzo SpA Net Current Asset Value Related Terms
Sanlorenzo SpA Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Sanlorenzo 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:SL vs BC, PII, THO: Net Current Asset Value Comparison
For the Recreational Vehicles subindustry, Sanlorenzo 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.
Sanlorenzo SpA Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Sanlorenzo SpA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Sanlorenzo 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 €2.67 mean?
Sanlorenzo SpA (MIL:SL) has a Net Current Asset Value of €2.67 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Sanlorenzo SpA and its competitors. This is 90% below median its historical median of 26.64. Over the past decade, Sanlorenzo SpA's Net Current Asset Value has ranged from 11.54 to 246.92. According to the industry distribution chart, Sanlorenzo SpA ranks #552 out of 707 companies in the Vehicles & Parts industry, placing it in the top 78.1%.
Is Sanlorenzo SpA's Net Current Asset Value too high?
Sanlorenzo SpA's current Net Current Asset Value of €2.67 is 90% below median its 10-year median of 26.64. Over the past 10 years, this metric has ranged from a low of 11.54 to a high of 246.92. Based on the distribution chart, Sanlorenzo SpA ranks #552 out of 707 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Sanlorenzo SpA has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sanlorenzo SpA's Net Current Asset Value compare to BC and PII?
According to the Vehicles & Parts industry distribution chart, Sanlorenzo SpA ranks #552 out of 707 companies for Net Current Asset Value. This places Sanlorenzo SpA in the lower half of its industry. The industry median Net Current Asset Value is 4.90. Historically, Sanlorenzo SpA's own Net Current Asset Value has ranged from 11.54 to 246.92 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 Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 4.90, based on 707 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 Sanlorenzo SpA and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 4.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sanlorenzo SpA's current Net Current Asset Value is €2.67, which is 90% below median its own 10-year median of 26.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanlorenzo SpA stock overvalued right now?
Based on GuruFocus' analysis, Sanlorenzo SpA (MIL:SL) is currently considered Fairly Valued. The stock's GF Value™ is €39.22, compared to a current price of €35.80 — trading 8.7% below its estimated fair value. The current Net Current Asset Value is €2.67, which is 90% below median its 10-year median of 26.64. Sanlorenzo SpA's overall GF Score™ is 91/100 with 8 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 Sanlorenzo SpA (MIL:SL), the current Net Current Asset Value is €2.67 as of Mar. 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 Sanlorenzo SpA (MIL:SL) Overvalued in 2026?
Based on GuruFocus' analysis, Sanlorenzo SpA stock appears to be undervalued.
The current stock price of €35.80 is trading 8.7% below its estimated GF Value™ of €39.22.
GuruFocus considers Sanlorenzo SpA to be Fairly Valued.
Key valuation signals for MIL:SL:
Net Current Asset Value: €2.67 (90% below median its 10-year median of 26.64)
GF Value™: €39.22 vs. price of €35.80 (8.7% below fair value)
No single metric tells the full story. See the MIL:SL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sanlorenzo SpA is engaged in developing, designing, and building motor yachts. The company operates in three segments: Yacht, Superyacht, Nautor Swan, and Blue game, of which the majority of its revenue comes from the Yacht segment that designs, manufactures, and markets composite yachts between 24 and 38 meters long, under the Sanlorenzo brand. Its manufacturing activities are carried out through shipyards located in Spezia, Ameglia, Viareggio, and Massa. The company's geographical segments are Italy, Europe (other countries), the United States, the Americas (other countries), Asia Pacific, and the Middle East and Africa.
91GF Score
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