Telesia SpAMIL:TLS 54 Net Current Asset Value is €-1.21 as of Dec. 2025. GuruFocus rates MIL:TLS with a GF Score™ of 54/100 and a GF Value™ of €2.17 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 542 Media - Diversified companies, Telesia SpA ranks worse than 184501.66% 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).
Telesia SpA's net current asset value per share for the quarter that ended in Dec. 2025 was €-1.21.
The historical rank and industry rank for Telesia SpA's Net Current Asset Value or its related term are showing as below:
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of Telesia SpA was 12.71. The lowest was 3.47. And the median was 5.21.
MIL:TLS's Price-to-Net-Current-Asset-Value is not ranked *
in the Media - Diversified industry.
Industry Median: 2.88 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Telesia SpA (MIL:TLS) 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.
Telesia SpA Net Current Asset Value Related Terms
Telesia SpA Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Telesia 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:TLS vs NXST: Net Current Asset Value Comparison
For the Broadcasting subindustry, Telesia 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.
Telesia SpA Price-to-Net-Current-Asset-Value vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Telesia SpA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Telesia 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 €-1.21 mean?
Telesia SpA (MIL:TLS) has a Net Current Asset Value of €-1.21 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 Telesia SpA and its competitors. Over the past decade, Telesia SpA's Net Current Asset Value has ranged from 3.47 to 12.71. According to the industry distribution chart, Telesia SpA ranks #999999 out of 542 companies in the Media - Diversified industry.
Is Telesia SpA's Net Current Asset Value too high?
Telesia SpA's current Net Current Asset Value is €-1.21. Over the past 10 years, this metric has ranged from a low of 3.47 to a high of 12.71. Based on the distribution chart, Telesia SpA ranks #999999 out of 542 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Telesia SpA has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telesia SpA's Net Current Asset Value compare to NXST?
According to the Media - Diversified industry distribution chart, Telesia SpA ranks #999999 out of 542 companies for Net Current Asset Value. This places Telesia SpA in the lower half of its industry. The industry median Net Current Asset Value is 2.88. Historically, Telesia SpA's own Net Current Asset Value has ranged from 3.47 to 12.71 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 Media - Diversified company?
The median Net Current Asset Value among Media - Diversified companies is 2.88, based on 542 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 Telesia SpA and its competitors. For the Media - Diversified industry, the median Net Current Asset Value is 2.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telesia SpA's current Net Current Asset Value is €-1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telesia SpA stock overvalued right now?
Based on GuruFocus' analysis, Telesia SpA (MIL:TLS) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.17, compared to a current price of €3.64 — trading 67.7% above its estimated fair value. The current Net Current Asset Value is €-1.21. Telesia SpA's overall GF Score™ is 54/100 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 Telesia SpA (MIL:TLS), the current Net Current Asset Value is €-1.21 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 Telesia SpA (MIL:TLS) Overvalued in 2026?
Based on GuruFocus' analysis, Telesia SpA stock appears to be overvalued.
The current stock price of €3.64 is trading 67.7% above its estimated GF Value™ of €2.17.
GuruFocus considers Telesia SpA to be Significantly Overvalued.
Key valuation signals for MIL:TLS:
Net Current Asset Value: €-1.21
GF Value™: €2.17 vs. price of €3.64 (67.7% above fair value)
No single metric tells the full story. See the MIL:TLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telesia SpA operates in the digital media and multimedia technologies sector. The company has two main lines of business; Telesia Go-TV and Systems Line (technology systems and services). Telesia Go-TV is involved in the broadcasting of content and information via the transmission of TV channels in airports, subway stations, on trains and buses, in motorway service areas, etc. This business derives revenue from the exploitation of advertising spaces included in the schedules of television networks installed in a frequented public place. The Systems line business is involved in the development, installation, and management of multimedia solutions and systems for audiovisual content broadcasting. Maximum revenue for the company is derived from the Telesia Go-TV business line.
54GF Score
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