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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).
SmartCraft Group AB's net current asset value per share for the quarter that ended in Jun. 2026 was kr-0.61.
The historical rank and industry rank for SmartCraft Group AB's Net Current Asset Value or its related term are showing as below:
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of SmartCraft Group AB was 2060.00. The lowest was 83.20. And the median was 227.00.
OSTO:SMCRT's Price-to-Net-Current-Asset-Value is not ranked *
in the Software industry.
Industry Median: 5.06 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
SmartCraft Group AB (OSTO:SMCRT) 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.
SmartCraft Group AB Net Current Asset Value Related Terms
SmartCraft Group AB Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for SmartCraft Group AB'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.
OSTO:SMCRT vs CRM, SHOP, UBER: Net Current Asset Value Comparison
For the Software - Application subindustry, SmartCraft Group AB'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.
SmartCraft Group AB Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, SmartCraft Group AB's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where SmartCraft Group AB'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 kr-0.61 mean?
SmartCraft Group AB (OSTO:SMCRT) has a Net Current Asset Value of kr-0.61 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on SmartCraft Group AB and its competitors. According to the industry distribution chart, SmartCraft Group AB ranks #999999 out of 1762 companies in the Software industry.
Is SmartCraft Group AB's Net Current Asset Value too high?
SmartCraft Group AB's current Net Current Asset Value is kr-0.61. Based on the distribution chart, SmartCraft Group AB ranks #999999 out of 1762 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, SmartCraft Group AB has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SmartCraft Group AB's Net Current Asset Value compare to CRM and SHOP?
According to the Software industry distribution chart, SmartCraft Group AB ranks #999999 out of 1762 companies for Net Current Asset Value. This places SmartCraft Group AB in the lower half of its industry. The industry median Net Current Asset Value is 5.06. 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 Software company?
The median Net Current Asset Value among Software companies is 5.06, based on 1,762 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 SmartCraft Group AB and its competitors. For the Software industry, the median Net Current Asset Value is 5.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SmartCraft Group AB's current Net Current Asset Value is kr-0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SmartCraft Group AB stock overvalued right now?
Based on GuruFocus' analysis, SmartCraft Group AB (OSTO:SMCRT) is currently considered Significantly Undervalued. The stock's GF Value™ is kr32.19, compared to a current price of kr14.08 — trading 56.3% below its estimated fair value. The current Net Current Asset Value is kr-0.61. SmartCraft Group AB's overall GF Score™ is 84/100 with 3 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 SmartCraft Group AB (OSTO:SMCRT), the current Net Current Asset Value is kr-0.61 as of Jun. 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 SmartCraft Group AB (OSTO:SMCRT) Overvalued in 2026?
Based on GuruFocus' analysis, SmartCraft Group AB stock appears to be undervalued.
The current stock price of kr14.08 is trading 56.3% below its estimated GF Value™ of kr32.19.
GuruFocus considers SmartCraft Group AB to be Significantly Undervalued.
Key valuation signals for OSTO:SMCRT:
Net Current Asset Value: kr-0.61
GF Value™: kr32.19 vs. price of kr14.08 (56.3% below fair value)
No single metric tells the full story. See the OSTO:SMCRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SmartCraft Group AB is a Nordic provider of cloud-based software solutions for craftsmen and the construction industry in Norway, Finland, Sweden, and the UK. The Group empowers European construction workers to gain business control and more productivity by simplifying work processes. The various brands in its portfolio are Bygglet, Cordel, Congrid, EL-VIS, HomeRun, Kvalitetskontroll, El-verdi, Elinn, Coredination, Locka, Clixifix, SmartCraft Spark, and SmartCraft Flow. SmartCraft Group's operating segments are reported on the basis of its business areas and include SME Construction, which generates the maximum revenue, Electro, HVAC and Plumbing, and Enterprise. Geographically, it generates maximum revenue from Norway.
84GF Score
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