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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).
Summa Defence Oyj's net current asset value per share for the quarter that ended in Dec. 2025 was kr-7.88.
The historical rank and industry rank for Summa Defence Oyj's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Summa Defence Oyj was 137.04. The lowest was 1.47. And the median was 8.97.
OSTO:SUMMAS's Price-to-Net-Current-Asset-Value is not ranked *
in the Aerospace & Defense industry.
Industry Median: 7.635 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Summa Defence Oyj (OSTO:SUMMAS) 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.
Summa Defence Oyj Net Current Asset Value Related Terms
Summa Defence Oyj Net Current Asset Value Historical Data
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The historical data trend for Summa Defence Oyj'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:SUMMAS vs SPCX, GE, RTX: Net Current Asset Value Comparison
For the Aerospace & Defense subindustry, Summa Defence Oyj'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.
Summa Defence Oyj Price-to-Net-Current-Asset-Value vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Summa Defence Oyj's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Summa Defence Oyj'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-7.88 mean?
Summa Defence Oyj (OSTO:SUMMAS) has a Net Current Asset Value of kr-7.88 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 Summa Defence Oyj and its competitors. Over the past decade, Summa Defence Oyj's Net Current Asset Value has ranged from 1.47 to 137.04. According to the industry distribution chart, Summa Defence Oyj ranks #999999 out of 198 companies in the Aerospace & Defense industry.
Is Summa Defence Oyj's Net Current Asset Value too high?
Summa Defence Oyj's current Net Current Asset Value is kr-7.88. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 137.04. Based on the distribution chart, Summa Defence Oyj ranks #999999 out of 198 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Summa Defence Oyj has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Summa Defence Oyj's Net Current Asset Value compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Summa Defence Oyj ranks #999999 out of 198 companies for Net Current Asset Value. This places Summa Defence Oyj in the lower half of its industry. The industry median Net Current Asset Value is 7.64. Historically, Summa Defence Oyj's own Net Current Asset Value has ranged from 1.47 to 137.04 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 an Aerospace & Defense company?
The median Net Current Asset Value among Aerospace & Defense companies is 7.64, based on 198 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 Summa Defence Oyj and its competitors. For the Aerospace & Defense industry, the median Net Current Asset Value is 7.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Summa Defence Oyj's current Net Current Asset Value is kr-7.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Summa Defence Oyj stock overvalued right now?
Based on GuruFocus' analysis, Summa Defence Oyj (OSTO:SUMMAS) is currently considered Possible Value Trap. The stock's GF Value™ is kr13.56, compared to a current price of kr6.23 — trading 54.1% below its estimated fair value. The current Net Current Asset Value is kr-7.88. Summa Defence Oyj's overall GF Score™ is 48/100 with 6 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 Summa Defence Oyj (OSTO:SUMMAS), the current Net Current Asset Value is kr-7.88 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 Summa Defence Oyj (OSTO:SUMMAS) Overvalued in 2026?
Based on GuruFocus' analysis, Summa Defence Oyj stock appears to be undervalued.
The current stock price of kr6.23 is trading 54.1% below its estimated GF Value™ of kr13.56.
GuruFocus considers Summa Defence Oyj to be Possible Value Trap.
Key valuation signals for OSTO:SUMMAS:
Net Current Asset Value: kr-7.88
GF Value™: kr13.56 vs. price of kr6.23 (54.1% below fair value)
No single metric tells the full story. See the OSTO:SUMMAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Summa Defence Oyj is a Finnish defense and security technology group supporting industry growth and strengthening industrial production capacity amid geopolitical change. Summa Defence focuses on dual-use technologies related to security of supply, situational awareness, mobility, and defense, which benefit the civilian, security, and defense sectors while strengthening comprehensive security, security of supply, and crisis management capabilities. Its products includes Multipurpose vessels, Multipurpose machinery, Watermaster, containers and modular spaces, Drones, XR near-eye display solutions, Griselda - Intelligence data fusion platform, and Renewable energy.
48GF Score
Get the complete analysis for OSTO:SUMMAS
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