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Systemair ABSTU:52SA -0.41%84 Net Current Asset Value is €0.75 as of Apr. 2026, which is 100% below its 10-year median of 12.95. GuruFocus rates STU:52SA with a GF Score™ of 84/100 and a GF Value™ of €7.57 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,058 Construction companies, Systemair AB ranks worse than 80.06% 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).
Systemair AB's net current asset value per share for the quarter that ended in Apr. 2026 was €0.75.
The historical rank and industry rank for Systemair AB's Net Current Asset Value or its related term are showing as below:
STU:52SA'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 8.71 Med: 12.95 Max: 6350
Current: 9.74
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Systemair AB was 6350.00. The lowest was 8.71. And the median was 12.95.
STU:52SA's Price-to-Net-Current-Asset-Value is ranked worse than 80.06% of 1058
companies
in the Construction industry
Industry Median: 3.2
vs STU:52SA: 9.74
Systemair AB (STU:52SA) 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.
Systemair AB Net Current Asset Value Related Terms
Systemair AB Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Systemair AB'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.
STU:52SA vs TT, JCI, CARR: Net Current Asset Value Comparison
For the Building Products & Equipment subindustry, Systemair AB'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.
Systemair AB Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Systemair AB's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Systemair AB'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?
Systemair AB (STU:52SA) has a Net Current Asset Value of €0.75 as of Apr. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Systemair AB and its competitors. This is 94% below median its historical median of 12.95. Over the past decade, Systemair AB's Net Current Asset Value has ranged from 8.71 to 6,350.00. According to the industry distribution chart, Systemair AB ranks #847 out of 1058 companies in the Construction industry, placing it in the top 80.1%.
Is Systemair AB's Net Current Asset Value too high?
Systemair AB's current Net Current Asset Value of €0.75 is 94% below median its 10-year median of 12.95. Over the past 10 years, this metric has ranged from a low of 8.71 to a high of 6,350.00. Based on the distribution chart, Systemair AB ranks #847 out of 1058 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Systemair AB has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Systemair AB's Net Current Asset Value compare to TT and JCI?
According to the Construction industry distribution chart, Systemair AB ranks #847 out of 1058 companies for Net Current Asset Value. This places Systemair AB in the lower half of its industry. The industry median Net Current Asset Value is 3.20. Historically, Systemair AB's own Net Current Asset Value has ranged from 8.71 to 6,350.00 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.20, based on 1,058 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 Systemair AB and its competitors. For the Construction industry, the median Net Current Asset Value is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Systemair AB's current Net Current Asset Value is €0.75, which is 94% below median its own 10-year median of 12.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Systemair AB stock overvalued right now?
Based on GuruFocus' analysis, Systemair AB (STU:52SA) is currently considered Fairly Valued. The stock's GF Value™ is €7.57, compared to a current price of €7.21 — trading 4.8% below its estimated fair value. The current Net Current Asset Value is €0.75, which is 94% below median its 10-year median of 12.95. Systemair AB's overall GF Score™ is 84/100 with 1 warning sign 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 Systemair AB (STU:52SA), the current Net Current Asset Value is €0.75 as of Apr. 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 Systemair AB (STU:52SA) Overvalued in 2026?
Based on GuruFocus' analysis, Systemair AB stock appears to be undervalued.
The current stock price of €7.21 is trading 4.8% below its estimated GF Value™ of €7.57.
GuruFocus considers Systemair AB to be Fairly Valued.
Key valuation signals for STU:52SA:
Net Current Asset Value: €0.75 (94% below median its 10-year median of 12.95)
GF Value™: €7.57 vs. price of €7.21 (4.8% below fair value)
No single metric tells the full story. See the STU:52SA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Systemair AB is a building material company that develops, manufactures, and markets ventilation products. The company's products under its flagship Systemair brand include air conditioning units, air curtains, air distribution products, and energy-efficient fans. The company also markets products under its Frico, VEAB Heat Tech AB, Fantech, and Menerga segments. Frico manufactures air curtains and heating products, while VEAB primarily develops heating products. The Fantech segment markets to the residential sector, in contrast to Systemair's commercial base. Menerga produces high-efficiency air-handling units for specialized buildings such as museums, airports, and swimming pool halls. The company generates the majority of its revenue from Europe.
84GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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