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Technical Publications Service SpAMIL:TPS 94 Net Current Asset Value is €3.59 as of Dec. 2025, which is 100% below its 10-year median of 2.30. GuruFocus rates MIL:TPS with a GF Score™ of 94/100 and a GF Value™ of €7.25 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 360 Transportation companies, Technical Publications Service SpA ranks better than 68.61% 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).
The historical rank and industry rank for Technical Publications Service SpA's Net Current Asset Value or its related term are showing as below:
MIL:TPS'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.01 Med: 2.3 Max: 7.39
Current: 2.35
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of Technical Publications Service SpA was 7.39. The lowest was 2.01. And the median was 2.30.
MIL:TPS's Price-to-Net-Current-Asset-Value is ranked better than 68.61% of 360
companies
in the Transportation industry
Industry Median: 4.03
vs MIL:TPS: 2.35
Technical Publications Service SpA (MIL:TPS) 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.
Technical Publications Service SpA Net Current Asset Value Related Terms
Technical Publications Service SpA Net Current Asset Value Historical Data
* 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.
Technical Publications Service SpA Net Current Asset Value Chart
MIL:TPS vs JOBY, CAAP: Net Current Asset Value Comparison
For the Airports & Air Services subindustry, Technical Publications Service 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.
Technical Publications Service SpA Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, Technical Publications Service SpA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Technical Publications Service 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 €3.59 mean?
Technical Publications Service SpA (MIL:TPS) has a Net Current Asset Value of €3.59 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 Technical Publications Service SpA and its competitors. This is 56% above median its historical median of 2.30. Over the past decade, Technical Publications Service SpA's Net Current Asset Value has ranged from 2.01 to 7.39. According to the industry distribution chart, Technical Publications Service SpA ranks #113 out of 360 companies in the Transportation industry, placing it in the top 31.4%.
Is Technical Publications Service SpA's Net Current Asset Value too high?
Technical Publications Service SpA's current Net Current Asset Value of €3.59 is 56% above median its 10-year median of 2.30. Over the past 10 years, this metric has ranged from a low of 2.01 to a high of 7.39. Based on the distribution chart, Technical Publications Service SpA ranks #113 out of 360 companies in the Transportation industry, which is above the industry midpoint. Overall, Technical Publications Service SpA has a GF Score™ of 94/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Technical Publications Service SpA's Net Current Asset Value compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Technical Publications Service SpA ranks #113 out of 360 companies for Net Current Asset Value. This puts Technical Publications Service SpA in the upper half of its industry. The industry median Net Current Asset Value is 4.03. Historically, Technical Publications Service SpA's own Net Current Asset Value has ranged from 2.01 to 7.39 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 Transportation company?
The median Net Current Asset Value among Transportation companies is 4.03, based on 360 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 Technical Publications Service SpA and its competitors. For the Transportation industry, the median Net Current Asset Value is 4.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Technical Publications Service SpA's current Net Current Asset Value is €3.59, which is 56% above median its own 10-year median of 2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technical Publications Service SpA stock overvalued right now?
Based on GuruFocus' analysis, Technical Publications Service SpA (MIL:TPS) is currently considered Modestly Overvalued. The stock's GF Value™ is €7.25, compared to a current price of €8.45 — trading 16.6% above its estimated fair value. The current Net Current Asset Value is €3.59, which is 56% above median its 10-year median of 2.30. Technical Publications Service SpA's overall GF Score™ is 94/100 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 Technical Publications Service SpA (MIL:TPS), the current Net Current Asset Value is €3.59 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 Technical Publications Service SpA (MIL:TPS) Overvalued in 2026?
Based on GuruFocus' analysis, Technical Publications Service SpA stock appears to be overvalued.
The current stock price of €8.45 is trading 16.6% above its estimated GF Value™ of €7.25.
GuruFocus considers Technical Publications Service SpA to be Modestly Overvalued.
Key valuation signals for MIL:TPS:
Net Current Asset Value: €3.59 (56% above median its 10-year median of 2.30)
GF Value™: €7.25 vs. price of €8.45 (16.6% above fair value)
No single metric tells the full story. See the MIL:TPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Technical Publications Service SpA Business Description
Technical Publications Service SpA provides technical publications services to the aerospace industry. The company creates logistical support, use and maintenance manuals, spare parts catalogs, after-sales support documents, etc.
94GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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