Victorias Milling CoPHS:VMC -1.00%91 Net Current Asset Value is ₱0.75 as of Feb. 2026, which is 100% below its 10-year median of 2.94. GuruFocus rates PHS:VMC with a GF Score™ of 91/100 and a GF Value™ of ₱1.98 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,051 Consumer Packaged Goods companies, Victorias Milling Co ranks better than 65.18% 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).
Victorias Milling Co's net current asset value per share for the quarter that ended in Feb. 2026 was ₱0.75.
The historical rank and industry rank for Victorias Milling Co's Net Current Asset Value or its related term are showing as below:
PHS:VMC'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.12 Med: 2.94 Max: 135.5
Current: 2.64
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Victorias Milling Co was 135.50. The lowest was 2.12. And the median was 2.94.
PHS:VMC's Price-to-Net-Current-Asset-Value is ranked better than 65.18% of 1051
companies
in the Consumer Packaged Goods industry
Industry Median: 4.1
vs PHS:VMC: 2.64
Victorias Milling Co (PHS:VMC) 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.
Victorias Milling Co Net Current Asset Value Related Terms
Victorias Milling Co Net Current Asset Value Historical Data
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The historical data trend for Victorias Milling 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.
Victorias Milling Co Net Current Asset Value Chart
PHS:VMC vs MDLZ, HSY, TR: Net Current Asset Value Comparison
For the Confectioners subindustry, Victorias Milling 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.
Victorias Milling Co Price-to-Net-Current-Asset-Value vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Victorias Milling Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Victorias Milling 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 ₱0.75 mean?
Victorias Milling Co (PHS:VMC) has a Net Current Asset Value of ₱0.75 as of Feb. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Victorias Milling Co and its competitors. This is 74% below median its historical median of 2.94. Over the past decade, Victorias Milling Co's Net Current Asset Value has ranged from 2.12 to 135.50. According to the industry distribution chart, Victorias Milling Co ranks #366 out of 1051 companies in the Consumer Packaged Goods industry, placing it in the top 34.8%.
Is Victorias Milling Co's Net Current Asset Value too high?
Victorias Milling Co's current Net Current Asset Value of ₱0.75 is 74% below median its 10-year median of 2.94. Over the past 10 years, this metric has ranged from a low of 2.12 to a high of 135.50. Based on the distribution chart, Victorias Milling Co ranks #366 out of 1051 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Victorias Milling Co has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Victorias Milling Co's Net Current Asset Value compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Victorias Milling Co ranks #366 out of 1051 companies for Net Current Asset Value. This puts Victorias Milling Co in the upper half of its industry. The industry median Net Current Asset Value is 4.10. Historically, Victorias Milling Co's own Net Current Asset Value has ranged from 2.12 to 135.50 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 4.10, based on 1,051 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 Victorias Milling Co and its competitors. For the Consumer Packaged Goods industry, the median Net Current Asset Value is 4.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Victorias Milling Co's current Net Current Asset Value is ₱0.75, which is 74% below median its own 10-year median of 2.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victorias Milling Co stock overvalued right now?
Based on GuruFocus' analysis, Victorias Milling Co (PHS:VMC) is currently considered Fairly Valued. The stock's GF Value™ is ₱1.98, compared to a current price of ₱1.98 — trading right at its estimated fair value. The current Net Current Asset Value is ₱0.75, which is 74% below median its 10-year median of 2.94. Victorias Milling Co's overall GF Score™ is 91/100 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 Victorias Milling Co (PHS:VMC), the current Net Current Asset Value is ₱0.75 as of Feb. 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 Victorias Milling Co (PHS:VMC) Overvalued in 2026?
Based on GuruFocus' analysis, Victorias Milling Co stock appears to be undervalued.
The current stock price of ₱1.98 is trading 0% below its estimated GF Value™ of ₱1.98.
GuruFocus considers Victorias Milling Co to be Fairly Valued.
Key valuation signals for PHS:VMC:
Net Current Asset Value: ₱0.75 (74% below median its 10-year median of 2.94)
GF Value™: ₱1.98 vs. price of ₱1.98 (0% below fair value)
No single metric tells the full story. See the PHS:VMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Victorias Milling Co Inc is a Philippines-based company engaged in sugar manufacturing. The company offers milling and tolling services to planters and sells raw sugar, refined sugar, molasses, and renewable energy. The company operates through business segments that include Sugar Milling, Renewable Energy Operations, and Others. The Sugar Milling segment generates maximum revenue for the company.
91GF Score
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