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).
Manila Broadcasting Co's net current asset value per share for the quarter that ended in Mar. 2026 was ₱-0.74.
The historical rank and industry rank for Manila Broadcasting Co'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 Manila Broadcasting Co was 138.31. The lowest was 20.06. And the median was 22.99.
PHS:MBC's Price-to-Net-Current-Asset-Value is not ranked *
in the Media - Diversified industry.
Industry Median: 2.875 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Manila Broadcasting Co (PHS:MBC) 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.
Manila Broadcasting Co Net Current Asset Value Related Terms
Manila Broadcasting Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Manila Broadcasting Co'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.
Manila Broadcasting Co Net Current Asset Value Chart
PHS:MBC vs NXST: Net Current Asset Value Comparison
For the Broadcasting subindustry, Manila Broadcasting Co'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.
Manila Broadcasting Co Price-to-Net-Current-Asset-Value vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Manila Broadcasting Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Manila Broadcasting Co'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 ₱-0.74 mean?
Manila Broadcasting Co (PHS:MBC) has a Net Current Asset Value of ₱-0.74 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Manila Broadcasting Co and its competitors. Over the past decade, Manila Broadcasting Co's Net Current Asset Value has ranged from 20.06 to 138.31. According to the industry distribution chart, Manila Broadcasting Co ranks #999999 out of 542 companies in the Media - Diversified industry.
Is Manila Broadcasting Co's Net Current Asset Value too high?
Manila Broadcasting Co's current Net Current Asset Value is ₱-0.74. Over the past 10 years, this metric has ranged from a low of 20.06 to a high of 138.31. Based on the distribution chart, Manila Broadcasting Co ranks #999999 out of 542 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Manila Broadcasting Co has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manila Broadcasting Co's Net Current Asset Value compare to NXST?
According to the Media - Diversified industry distribution chart, Manila Broadcasting Co ranks #999999 out of 542 companies for Net Current Asset Value. This places Manila Broadcasting Co in the lower half of its industry. The industry median Net Current Asset Value is 2.88. Historically, Manila Broadcasting Co's own Net Current Asset Value has ranged from 20.06 to 138.31 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 Manila Broadcasting Co 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. Manila Broadcasting Co's current Net Current Asset Value is ₱-0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manila Broadcasting Co stock overvalued right now?
Based on GuruFocus' analysis, Manila Broadcasting Co (PHS:MBC) is currently considered Significantly Undervalued. The stock's GF Value™ is ₱8.22, compared to a current price of ₱5.52 — trading 32.8% below its estimated fair value. The current Net Current Asset Value is ₱-0.74. Manila Broadcasting Co's overall GF Score™ is 80/100 with 2 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 Manila Broadcasting Co (PHS:MBC), the current Net Current Asset Value is ₱-0.74 as of Mar. 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 Manila Broadcasting Co (PHS:MBC) Overvalued in 2026?
Based on GuruFocus' analysis, Manila Broadcasting Co stock appears to be undervalued.
The current stock price of ₱5.52 is trading 32.8% below its estimated GF Value™ of ₱8.22.
GuruFocus considers Manila Broadcasting Co to be Significantly Undervalued.
Key valuation signals for PHS:MBC:
Net Current Asset Value: ₱-0.74
GF Value™: ₱8.22 vs. price of ₱5.52 (32.8% below fair value)
No single metric tells the full story. See the PHS:MBC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manila Broadcasting Co is mainly engaged in the business of radio broadcasting. The Company is organized into only one operating division, radio broadcasting, which is its primary activity. The Group has one geographical segment and derives substantially of its revenues from domestic operations. The company's products are RADIO, TV, DIGITAL, EVENTS, PROMOS, TALENTS.
80GF Score
Get the complete analysis for PHS:MBC
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PHS:MBC has been successfully added to your 
