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Maschinenfabrik Berthold Hermle AGSTU:MBH3 -1.70%81 Net Current Asset Value is €37.85 as of Dec. 2025, which is 100% below its 10-year median of 7.04. GuruFocus rates STU:MBH3 with a GF Score™ of 81/100 and a GF Value™ of €199.47 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,215 Industrial Products companies, Maschinenfabrik Berthold Hermle AG ranks better than 53.59% 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).
The historical rank and industry rank for Maschinenfabrik Berthold Hermle AG's Net Current Asset Value or its related term are showing as below:
STU:MBH3'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.95 Med: 7.04 Max: 11.4
Current: 4.68
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Maschinenfabrik Berthold Hermle AG was 11.40. The lowest was 3.95. And the median was 7.04.
STU:MBH3's Price-to-Net-Current-Asset-Value is ranked better than 53.59% of 2215
companies
in the Industrial Products industry
Industry Median: 5.19
vs STU:MBH3: 4.68
Maschinenfabrik Berthold Hermle AG (STU:MBH3) 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.
Maschinenfabrik Berthold Hermle AG Net Current Asset Value Related Terms
Maschinenfabrik Berthold Hermle AG Net Current Asset Value Historical Data
* 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.
Maschinenfabrik Berthold Hermle AG Net Current Asset Value Chart
STU:MBH3 vs GEV, ETN, PH: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, Maschinenfabrik Berthold Hermle AG'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.
Maschinenfabrik Berthold Hermle AG Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Maschinenfabrik Berthold Hermle AG's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Maschinenfabrik Berthold Hermle AG'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 €37.85 mean?
Maschinenfabrik Berthold Hermle AG (STU:MBH3) has a Net Current Asset Value of €37.85 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 Maschinenfabrik Berthold Hermle AG and its competitors. This is 438% above median its historical median of 7.04. Over the past decade, Maschinenfabrik Berthold Hermle AG's Net Current Asset Value has ranged from 3.95 to 11.40. According to the industry distribution chart, Maschinenfabrik Berthold Hermle AG ranks #1028 out of 2215 companies in the Industrial Products industry, placing it in the top 46.4%.
Is Maschinenfabrik Berthold Hermle AG's Net Current Asset Value too high?
Maschinenfabrik Berthold Hermle AG's current Net Current Asset Value of €37.85 is 438% above median its 10-year median of 7.04. Over the past 10 years, this metric has ranged from a low of 3.95 to a high of 11.40. Based on the distribution chart, Maschinenfabrik Berthold Hermle AG ranks #1028 out of 2215 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Maschinenfabrik Berthold Hermle AG has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maschinenfabrik Berthold Hermle AG's Net Current Asset Value compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Maschinenfabrik Berthold Hermle AG ranks #1028 out of 2215 companies for Net Current Asset Value. This puts Maschinenfabrik Berthold Hermle AG in the upper half of its industry. The industry median Net Current Asset Value is 5.19. Historically, Maschinenfabrik Berthold Hermle AG's own Net Current Asset Value has ranged from 3.95 to 11.40 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 Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.19, based on 2,215 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 Maschinenfabrik Berthold Hermle AG and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maschinenfabrik Berthold Hermle AG's current Net Current Asset Value is €37.85, which is 438% above median its own 10-year median of 7.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maschinenfabrik Berthold Hermle AG stock overvalued right now?
Based on GuruFocus' analysis, Maschinenfabrik Berthold Hermle AG (STU:MBH3) is currently considered Modestly Undervalued. The stock's GF Value™ is €199.47, compared to a current price of €173.50 — trading 13% below its estimated fair value. The current Net Current Asset Value is €37.85, which is 438% above median its 10-year median of 7.04. Maschinenfabrik Berthold Hermle AG's overall GF Score™ is 81/100 with 6 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 Maschinenfabrik Berthold Hermle AG (STU:MBH3), the current Net Current Asset Value is €37.85 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 Maschinenfabrik Berthold Hermle AG (STU:MBH3) Overvalued in 2026?
Based on GuruFocus' analysis, Maschinenfabrik Berthold Hermle AG stock appears to be undervalued.
The current stock price of €173.50 is trading 13% below its estimated GF Value™ of €199.47.
GuruFocus considers Maschinenfabrik Berthold Hermle AG to be Modestly Undervalued.
Key valuation signals for STU:MBH3:
Net Current Asset Value: €37.85 (438% above median its 10-year median of 7.04)
GF Value™: €199.47 vs. price of €173.50 (13% below fair value)
No single metric tells the full story. See the STU:MBH3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maschinenfabrik Berthold Hermle AG Business Description
Maschinenfabrik Berthold Hermle AG is a Germany-based company that produces universal milling machines and machining centers, offering its customers complete automation solutions under one roof. The company's customers include domestic and international companies in various high-tech sectors, encompassing mechanical and plant engineering with applications for packing technology, mining or the special vehicles segment, the aerospace industry, medical technology, the electronics and chip industry, the optical industry, energy technology, toolmaking and mould construction as well as the automotive industry, including their subcontractors. The group's operating segments include Domestic companies, which derive maximum revenue, and Foreign sales companies.
81GF Score
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