Carlson Investments SESTU:2HB 29 Net Current Asset Value is €0.64 as of Dec. 2025, which is 100% below its 10-year median of 17.01. GuruFocus rates STU:2HB with a GF Score™ of 29/100 and a GF Value™ of €0.22. The stock has 5 warning signs investors should review. Among 376 Asset Management companies, Carlson Investments SE ranks better than 84.57% 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).
Carlson Investments SE's net current asset value per share for the quarter that ended in Dec. 2025 was €0.64.
The historical rank and industry rank for Carlson Investments SE's Net Current Asset Value or its related term are showing as below:
STU:2HB'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.85 Med: 17.01 Max: 56.15
Current: 0.85
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Carlson Investments SE was 56.15. The lowest was 0.85. And the median was 17.01.
STU:2HB's Price-to-Net-Current-Asset-Value is ranked better than 84.57% of 376
companies
in the Asset Management industry
Industry Median: 3.39
vs STU:2HB: 0.85
Carlson Investments SE (STU:2HB) 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.
Carlson Investments SE Net Current Asset Value Related Terms
Carlson Investments SE Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Carlson Investments SE'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.
Carlson Investments SE Net Current Asset Value Chart
STU:2HB vs BLK, BX, KKR: Net Current Asset Value Comparison
For the Asset Management subindustry, Carlson Investments SE'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.
Carlson Investments SE Price-to-Net-Current-Asset-Value vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Carlson Investments SE's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Carlson Investments SE'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 €0.64 mean?
Carlson Investments SE (STU:2HB) has a Net Current Asset Value of €0.64 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 Carlson Investments SE and its competitors. This is 96% below median its historical median of 17.01. Over the past decade, Carlson Investments SE's Net Current Asset Value has ranged from 0.85 to 56.15. According to the industry distribution chart, Carlson Investments SE ranks #58 out of 376 companies in the Asset Management industry, placing it in the top 15.4%.
Is Carlson Investments SE's Net Current Asset Value too high?
Carlson Investments SE's current Net Current Asset Value of €0.64 is 96% below median its 10-year median of 17.01. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 56.15. Based on the distribution chart, Carlson Investments SE ranks #58 out of 376 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Carlson Investments SE has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Carlson Investments SE's Net Current Asset Value compare to BLK and BX?
According to the Asset Management industry distribution chart, Carlson Investments SE ranks #58 out of 376 companies for Net Current Asset Value. This places Carlson Investments SE in the top 15% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.39. Historically, Carlson Investments SE's own Net Current Asset Value has ranged from 0.85 to 56.15 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 Asset Management company?
The median Net Current Asset Value among Asset Management companies is 3.39, based on 376 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 Carlson Investments SE and its competitors. For the Asset Management industry, the median Net Current Asset Value is 3.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carlson Investments SE's current Net Current Asset Value is €0.64, which is 96% below median its own 10-year median of 17.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carlson Investments SE stock overvalued right now?
Carlson Investments SE (STU:2HB) has a current Net Current Asset Value of €0.64. The stock's GF Value™ is €0.22, compared to a current price of €0.56 — trading 154.5% above its estimated fair value. The current Net Current Asset Value is €0.64, which is 96% below median its 10-year median of 17.01. Carlson Investments SE's overall GF Score™ is 29/100 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 Carlson Investments SE (STU:2HB), the current Net Current Asset Value is €0.64 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 Carlson Investments SE (STU:2HB) Overvalued in 2026?
Based on GuruFocus' analysis, Carlson Investments SE stock appears to be overvalued.
The current stock price of €0.56 is trading 154.5% above its estimated GF Value™ of €0.22.
Key valuation signals for STU:2HB:
Net Current Asset Value: €0.64 (96% below median its 10-year median of 17.01)
GF Value™: €0.22 vs. price of €0.56 (154.5% above fair value)
No single metric tells the full story. See the STU:2HB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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