Ramelius ResourcesRMLRF +5.50%76 Net Current Asset Value is $0.05 as of Dec. 2025, which is 100% below its 10-year median of 13.47. GuruFocus rates RMLRF with a GF Score™ of 76/100 and a GF Value™ of $1.19 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,331 Metals & Mining companies, Ramelius Resources ranks worse than 93.39% 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).
Ramelius Resources's net current asset value per share for the quarter that ended in Dec. 2025 was $0.05.
The historical rank and industry rank for Ramelius Resources's Net Current Asset Value or its related term are showing as below:
RMLRF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5 Med: 13.47 Max: 52.33
Current: 35.17
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ramelius Resources was 52.33. The lowest was 5.00. And the median was 13.47.
RMLRF's Price-to-Net-Current-Asset-Value is ranked worse than 93.39% of 1331
companies
in the Metals & Mining industry
Industry Median: 6.5
vs RMLRF: 35.17
Ramelius Resources (OTCPK:RMLRF) 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.
Ramelius Resources Net Current Asset Value Related Terms
Ramelius Resources Net Current Asset Value Historical Data
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The historical data trend for Ramelius Resources'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.
RMLRF vs NEM, AU: Net Current Asset Value Comparison
For the Gold subindustry, Ramelius Resources'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.
Ramelius Resources Price-to-Net-Current-Asset-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ramelius Resources's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ramelius Resources'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 $0.05 mean?
Ramelius Resources (RMLRF) has a Net Current Asset Value of $0.05 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 Ramelius Resources and its competitors. This is 100% below median its historical median of 13.47. Over the past decade, Ramelius Resources' Net Current Asset Value has ranged from 5.00 to 52.33. According to the industry distribution chart, Ramelius Resources ranks #1243 out of 1331 companies in the Metals & Mining industry, placing it in the top 93.4%.
Is Ramelius Resources' Net Current Asset Value too high?
Ramelius Resources' current Net Current Asset Value of $0.05 is 100% below median its 10-year median of 13.47. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 52.33. The Metals & Mining industry median Net Current Asset Value is 6.50. Ramelius Resources' value of $0.05 is 99.2% below this industry median. Based on the distribution chart, Ramelius Resources ranks #1243 out of 1331 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Ramelius Resources has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ramelius Resources' Net Current Asset Value compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Ramelius Resources ranks #1243 out of 1331 companies for Net Current Asset Value. This places Ramelius Resources in the lower half of its industry. The industry median Net Current Asset Value is 6.50. Ramelius Resources' value of $0.05 is 99.2% below this benchmark. Historically, Ramelius Resources' own Net Current Asset Value has ranged from 5.00 to 52.33 over the past decade. While the company's 10-year median is 13.47 vs. the industry median of 6.50, Ramelius Resources has consistently been below the industry average. 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 Metals & Mining company?
The median Net Current Asset Value among Metals & Mining companies is 6.50, based on 1,331 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. Ramelius Resources's current Net Current Asset Value of $0.05 is 99.2% below the industry median. 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 Ramelius Resources and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 6.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ramelius Resources's current Net Current Asset Value is $0.05, which is 100% below median its own 10-year median of 13.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ramelius Resources stock overvalued right now?
Based on GuruFocus' analysis, Ramelius Resources (RMLRF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.19, compared to a current price of $2.11 — trading 77.3% above its estimated fair value. The current Net Current Asset Value is $0.05, which is 100% below median its 10-year median of 13.47 and 99.2% below the Metals & Mining industry median of 6.50. Ramelius Resources' overall GF Score™ is 76/100 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 Ramelius Resources (RMLRF), the current Net Current Asset Value is $0.05 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 Ramelius Resources (RMLRF) Overvalued in 2026?
Based on GuruFocus' analysis, Ramelius Resources stock appears to be overvalued.
The current stock price of $2.11 is trading 77.3% above its estimated GF Value™ of $1.19.
GuruFocus considers Ramelius Resources to be Significantly Overvalued.
Key valuation signals for RMLRF:
Net Current Asset Value: $0.05 (100% below median its 10-year median of 13.47)
GF Value™: $1.19 vs. price of $2.11 (77.3% above fair value)
Industry Position: 99.2% below the Metals & Mining median (#1243 of 1331)
No single metric tells the full story. See the RMLRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ramelius Resources Ltd is a gold exploration and production company with exploration activities focused in Western Australia. The company also explores for base metals. The company has three segments: Mt Magnet, involving mining and processing of gold from the Mt Magnet region including the Penny and Cue Gold Mines; Edna May, involving mining and processing of gold from the Edna May region including the Marda, Tampia, and Symes Gold Mines; and Exploration, which covers exploration and evaluation of gold mineralization, notably the Rebecca-Roe projects. The company generates the majority of its revenue from the Mt Magnet segment.
76GF Score
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