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Fonterra Co-operative GroupNZSE:FCG +0.24%67 Net Current Asset Value is NZ$0.57 as of Jan. 2026, which is 100% below its 10-year median of 7.91. GuruFocus rates NZSE:FCG with a GF Score™ of 67/100 and a GF Value™ of NZ$2.96 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,054 Consumer Packaged Goods companies, Fonterra Co-operative Group ranks worse than 69.54% 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).
Fonterra Co-operative Group's net current asset value per share for the quarter that ended in Jan. 2026 was NZ$0.57.
The historical rank and industry rank for Fonterra Co-operative Group's Net Current Asset Value or its related term are showing as below:
NZSE:FCG'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.97 Med: 7.91 Max: 8.85
Current: 7.42
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Fonterra Co-operative Group was 8.85. The lowest was 6.97. And the median was 7.91.
NZSE:FCG's Price-to-Net-Current-Asset-Value is ranked worse than 69.54% of 1054
companies
in the Consumer Packaged Goods industry
Industry Median: 4.2
vs NZSE:FCG: 7.42
Fonterra Co-operative Group (NZSE:FCG) 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.
Fonterra Co-operative Group Net Current Asset Value Related Terms
Fonterra Co-operative Group 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.
Fonterra Co-operative Group Net Current Asset Value Chart
NZSE:FCG vs KHC, GIS, HRL: Net Current Asset Value Comparison
For the Packaged Foods subindustry, Fonterra Co-operative Group'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.
Fonterra Co-operative Group Price-to-Net-Current-Asset-Value vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Fonterra Co-operative Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Fonterra Co-operative Group'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 NZ$0.57 mean?
Fonterra Co-operative Group (NZSE:FCG) has a Net Current Asset Value of NZ$0.57 as of Jan. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Fonterra Co-operative Group and its competitors. This is 93% below median its historical median of 7.91. Over the past decade, Fonterra Co-operative Group's Net Current Asset Value has ranged from 6.97 to 8.85. According to the industry distribution chart, Fonterra Co-operative Group ranks #733 out of 1054 companies in the Consumer Packaged Goods industry, placing it in the top 69.5%.
Is Fonterra Co-operative Group's Net Current Asset Value too high?
Fonterra Co-operative Group's current Net Current Asset Value of NZ$0.57 is 93% below median its 10-year median of 7.91. Over the past 10 years, this metric has ranged from a low of 6.97 to a high of 8.85. Based on the distribution chart, Fonterra Co-operative Group ranks #733 out of 1054 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Fonterra Co-operative Group has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fonterra Co-operative Group's Net Current Asset Value compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Fonterra Co-operative Group ranks #733 out of 1054 companies for Net Current Asset Value. This places Fonterra Co-operative Group in the lower half of its industry. The industry median Net Current Asset Value is 4.20. Historically, Fonterra Co-operative Group's own Net Current Asset Value has ranged from 6.97 to 8.85 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 Consumer Packaged Goods company?
The median Net Current Asset Value among Consumer Packaged Goods companies is 4.20, based on 1,054 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 Fonterra Co-operative Group and its competitors. For the Consumer Packaged Goods industry, the median Net Current Asset Value is 4.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fonterra Co-operative Group's current Net Current Asset Value is NZ$0.57, which is 93% below median its own 10-year median of 7.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fonterra Co-operative Group stock overvalued right now?
Based on GuruFocus' analysis, Fonterra Co-operative Group (NZSE:FCG) is currently considered Significantly Overvalued. The stock's GF Value™ is NZ$2.96, compared to a current price of NZ$4.23 — trading 42.9% above its estimated fair value. The current Net Current Asset Value is NZ$0.57, which is 93% below median its 10-year median of 7.91. Fonterra Co-operative Group's overall GF Score™ is 67/100 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 Fonterra Co-operative Group (NZSE:FCG), the current Net Current Asset Value is NZ$0.57 as of Jan. 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 Fonterra Co-operative Group (NZSE:FCG) Overvalued in 2026?
Based on GuruFocus' analysis, Fonterra Co-operative Group stock appears to be overvalued.
The current stock price of NZ$4.23 is trading 42.9% above its estimated GF Value™ of NZ$2.96.
GuruFocus considers Fonterra Co-operative Group to be Significantly Overvalued.
Key valuation signals for NZSE:FCG:
Net Current Asset Value: NZ$0.57 (93% below median its 10-year median of 7.91)
GF Value™: NZ$2.96 vs. price of NZ$4.23 (42.9% above fair value)
No single metric tells the full story. See the NZSE:FCG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fonterra Co-operative Group Ltd operates predominantly in the international dairy industry. The company is involved in the collection, manufacture, and sale of milk and milk-derived products through its ingredients, Consumer and Foodservice channels. The company's reportable segments are Global Markets, Greater China, and Core Operations and the majority of the revenue is generated from its core operations segment. Its primary geographic markets is Asia, China, Australia, New Zealand, the United States, and the Rest of the world.
67GF Score
Get the complete analysis for NZSE:FCG
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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