UmicoreUMICF -0.27%67 Net Current Asset Value is $-7.02 as of Dec. 2025. GuruFocus rates UMICF with a GF Score™ of 67/100 and a GF Value™ of $13.06 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 97 Waste Management companies, Umicore ranks worse than 1030926.8% 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).
Umicore's net current asset value per share for the quarter that ended in Dec. 2025 was $-7.02.
The historical rank and industry rank for Umicore's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Umicore was 893.75. The lowest was 23.09. And the median was 82.00.
UMICF's Price-to-Net-Current-Asset-Value is not ranked *
in the Waste Management industry.
Industry Median: 4.6 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Umicore (OTCPK:UMICF) 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.
Umicore Net Current Asset Value Related Terms
Umicore Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Umicore'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.
UMICF vs WM, RSG, WCN: Net Current Asset Value Comparison
For the Waste Management subindustry, Umicore'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.
Umicore Price-to-Net-Current-Asset-Value vs Waste Management Industry
For the Waste Management industry and Industrials sector, Umicore's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Umicore'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 $-7.02 mean?
Umicore (UMICF) has a Net Current Asset Value of $-7.02 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 Umicore and its competitors. Over the past decade, Umicore's Net Current Asset Value has ranged from 23.09 to 893.75. According to the industry distribution chart, Umicore ranks #999999 out of 97 companies in the Waste Management industry.
Is Umicore's Net Current Asset Value too high?
Umicore's current Net Current Asset Value is $-7.02. Over the past 10 years, this metric has ranged from a low of 23.09 to a high of 893.75. Based on the distribution chart, Umicore ranks #999999 out of 97 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Umicore has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Umicore's Net Current Asset Value compare to WM and RSG?
According to the Waste Management industry distribution chart, Umicore ranks #999999 out of 97 companies for Net Current Asset Value. This places Umicore in the lower half of its industry. The industry median Net Current Asset Value is 4.60. Historically, Umicore's own Net Current Asset Value has ranged from 23.09 to 893.75 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 Waste Management company?
The median Net Current Asset Value among Waste Management companies is 4.60, based on 97 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 Umicore and its competitors. For the Waste Management industry, the median Net Current Asset Value is 4.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Umicore's current Net Current Asset Value is $-7.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Umicore stock overvalued right now?
Based on GuruFocus' analysis, Umicore (UMICF) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.06, compared to a current price of $22.08 — trading 69.1% above its estimated fair value. The current Net Current Asset Value is $-7.02. Umicore's overall GF Score™ is 67/100 with 2 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 Umicore (UMICF), the current Net Current Asset Value is $-7.02 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 Umicore (UMICF) Overvalued in 2026?
Based on GuruFocus' analysis, Umicore stock appears to be overvalued.
The current stock price of $22.08 is trading 69.1% above its estimated GF Value™ of $13.06.
GuruFocus considers Umicore to be Significantly Overvalued.
Key valuation signals for UMICF:
Net Current Asset Value: $-7.02
GF Value™: $13.06 vs. price of $22.08 (69.1% above fair value)
No single metric tells the full story. See the UMICF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Umicore SA is an advanced materials and recycling group. It operates in the business groups: Catalysis, Battery Materials, Specialty Materials, Recycling, and Corporate and Unallocated. Key revenue is derived from its Recycling segment, which treats complex waste streams containing precious and other specialty metals. The Battery Materials segment is engaged in developing, manufacturing, and marketing cathode materials (CAM) and its precursors (pCAM) for lithium-ion batteries. The Catalysis segment provides automotive catalysts for gasoline and diesel light and heavy-duty diesel applications, and the Specialty segment develops, manufactures, and distributes metal-based materials and chemicals for applications vital to everyday lives. Geographically, it derives majority revenue from Europe.
67GF Score
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