Triple Flag Precious MetalsTFPM +4.34%91 Net Current Asset Value is $0.84 as of Mar. 2026, which is 98% below its 10-year median of 42.00. GuruFocus rates TFPM with a GF Scoreâ„¢ of 91/100 and a GF Valueâ„¢ of $34.16 (Fairly Valued). Among 1,334 Metals & Mining companies, Triple Flag Precious Metals ranks worse than 93.03% 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).
Triple Flag Precious Metals's net current asset value per share for the quarter that ended in Mar. 2026 was $0.84.
The historical rank and industry rank for Triple Flag Precious Metals's Net Current Asset Value or its related term are showing as below:
TFPM'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 22.44 Med: 42 Max: 163.23
Current: 38.4
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Triple Flag Precious Metals was 163.23. The lowest was 22.44. And the median was 42.00.
TFPM's Price-to-Net-Current-Asset-Value is ranked worse than 93.03% of 1334
companies
in the Metals & Mining industry
Industry Median: 6.545
vs TFPM: 38.40
Triple Flag Precious Metals (NYSE:TFPM) 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 GrahamÂ’s 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.
Triple Flag Precious Metals Net Current Asset Value Related Terms
Triple Flag Precious Metals 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.
Triple Flag Precious Metals Net Current Asset Value Chart
For the Other Precious Metals & Mining subindustry, Triple Flag Precious Metals'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.
Triple Flag Precious Metals Price-to-Net-Current-Asset-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Triple Flag Precious Metals's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Triple Flag Precious Metals'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 $0.84 mean?
Triple Flag Precious Metals (TFPM) has a Net Current Asset Value of $0.84 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Triple Flag Precious Metals and its competitors. This is 98% below median its historical median of 42.00. Over the past decade, Triple Flag Precious Metals' Net Current Asset Value has ranged from 22.44 to 163.23. According to the industry distribution chart, Triple Flag Precious Metals ranks #1241 out of 1334 companies in the Metals & Mining industry, placing it in the top 93%.
Is Triple Flag Precious Metals' Net Current Asset Value too high?
Triple Flag Precious Metals' current Net Current Asset Value of $0.84 is 98% below median its 10-year median of 42.00. Over the past 10 years, this metric has ranged from a low of 22.44 to a high of 163.23. The Metals & Mining industry median Net Current Asset Value is 6.55. Triple Flag Precious Metals' value of $0.84 is 87.2% below this industry median. Based on the distribution chart, Triple Flag Precious Metals ranks #1241 out of 1334 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Triple Flag Precious Metals has a GF Scoreâ„¢ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Triple Flag Precious Metals' Net Current Asset Value compare to HL?
According to the Metals & Mining industry distribution chart, Triple Flag Precious Metals ranks #1241 out of 1334 companies for Net Current Asset Value. This places Triple Flag Precious Metals in the lower half of its industry. The industry median Net Current Asset Value is 6.55. Triple Flag Precious Metals' value of $0.84 is 87.2% below this benchmark. Historically, Triple Flag Precious Metals' own Net Current Asset Value has ranged from 22.44 to 163.23 over the past decade. While the company's 10-year median is 42.00 vs. the industry median of 6.55, Triple Flag Precious Metals 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 6.55, based on 1,334 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. Triple Flag Precious Metals's current Net Current Asset Value of $0.84 is 87.2% 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 Triple Flag Precious Metals and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Triple Flag Precious Metals's current Net Current Asset Value is $0.84, which is 98% below median its own 10-year median of 42.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Triple Flag Precious Metals stock overvalued right now?
Based on GuruFocus' analysis, Triple Flag Precious Metals (TFPM) is currently considered Fairly Valued. The stock's GF Value™ is $34.16, compared to a current price of $31.49 — trading 7.8% below its estimated fair value. The current Net Current Asset Value is $0.84, which is 98% below median its 10-year median of 42.00 and 87.2% below the Metals & Mining industry median of 6.55. Triple Flag Precious Metals' overall GF Score™ is 91/100. 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 Triple Flag Precious Metals (TFPM), the current Net Current Asset Value is $0.84 as of Mar. 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 Triple Flag Precious Metals (TFPM) Overvalued in 2026?
Based on GuruFocus' analysis, Triple Flag Precious Metals stock appears to be undervalued.
The current stock price of $31.49 is trading 7.8% below its estimated GF Value™ of $34.16.
GuruFocus considers Triple Flag Precious Metals to be Fairly Valued.
Key valuation signals for TFPM:
Net Current Asset Value: $0.84 (98% below median its 10-year median of 42.00)
GF Value™: $34.16 vs. price of $31.49 (7.8% below fair value)
Industry Position: 87.2% below the Metals & Mining median (#1241 of 1334)
No single metric tells the full story. See the TFPM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Triple Flag Precious Metals Corp is a streaming and royalty company focused on precious metals. Its revenues are largely generated from a diversified portfolio of properties in Australia, Canada, Colombia, Cote d'Ivoire, Mexico, Mongolia, Peru, South Africa, and the United States. Its diversified portfolio of streams and royalties comprises long-life mining assets, including the Northparkes copper-gold mine in Australia, the Cerro Lindo polymetallic mine in Peru, the Fosterville gold mine in Australia, the Buritica gold mine in Colombia, and the Impala Bafokeng Operations in South Africa among others. A majority of its revenue is derived through its interests in various gold streams. Geographically, the company derives maximum revenue from Australia, followed by Peru and other regions.
91GF Score
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