StalproduktWAR:STP 77 Net Current Asset Value is zł265.18 as of Mar. 2026, which is 100% below its 10-year median of 2.11. GuruFocus rates WAR:STP with a GF Score™ of 77/100 and a GF Value™ of zł227.61 (Fairly Valued). The stock has 3 warning signs investors should review. Among 367 Steel companies, Stalprodukt ranks better than 87.47% 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).
Stalprodukt's net current asset value per share for the quarter that ended in Mar. 2026 was zł265.18.
The historical rank and industry rank for Stalprodukt's Net Current Asset Value or its related term are showing as below:
WAR:STP'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.73 Med: 2.11 Max: 143.93
Current: 0.79
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Stalprodukt was 143.93. The lowest was 0.73. And the median was 2.11.
WAR:STP's Price-to-Net-Current-Asset-Value is ranked better than 87.47% of 367
companies
in the Steel industry
Industry Median: 3
vs WAR:STP: 0.79
Stalprodukt (WAR:STP) 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.
Stalprodukt Net Current Asset Value Related Terms
Stalprodukt Net Current Asset Value Historical Data
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The historical data trend for Stalprodukt'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.
WAR:STP vs NUE, STLD, RS: Net Current Asset Value Comparison
For the Steel subindustry, Stalprodukt'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.
Stalprodukt Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, Stalprodukt's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Stalprodukt'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 zł265.18 mean?
Stalprodukt (WAR:STP) has a Net Current Asset Value of zł265.18 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 Stalprodukt and its competitors. This is 12468% above median its historical median of 2.11. Over the past decade, Stalprodukt's Net Current Asset Value has ranged from 0.73 to 143.93. According to the industry distribution chart, Stalprodukt ranks #46 out of 367 companies in the Steel industry, placing it in the top 12.5%.
Is Stalprodukt's Net Current Asset Value too high?
Stalprodukt's current Net Current Asset Value of zł265.18 is 12468% above median its 10-year median of 2.11. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 143.93. Based on the distribution chart, Stalprodukt ranks #46 out of 367 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Stalprodukt has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Stalprodukt's Net Current Asset Value compare to NUE and STLD?
According to the Steel industry distribution chart, Stalprodukt ranks #46 out of 367 companies for Net Current Asset Value. This places Stalprodukt in the top 13% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.00. Historically, Stalprodukt's own Net Current Asset Value has ranged from 0.73 to 143.93 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 Steel company?
The median Net Current Asset Value among Steel companies is 3.00, based on 367 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 Stalprodukt and its competitors. For the Steel industry, the median Net Current Asset Value is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stalprodukt's current Net Current Asset Value is zł265.18, which is 12468% above median its own 10-year median of 2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stalprodukt stock overvalued right now?
Based on GuruFocus' analysis, Stalprodukt (WAR:STP) is currently considered Fairly Valued. The stock's GF Value™ is zł227.61, compared to a current price of zł209.00 — trading 8.2% below its estimated fair value. The current Net Current Asset Value is zł265.18, which is 12468% above median its 10-year median of 2.11. Stalprodukt's overall GF Score™ is 77/100 with 3 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 Stalprodukt (WAR:STP), the current Net Current Asset Value is zł265.18 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 Stalprodukt (WAR:STP) Overvalued in 2026?
Based on GuruFocus' analysis, Stalprodukt stock appears to be undervalued.
The current stock price of zł209.00 is trading 8.2% below its estimated GF Value™ of zł227.61.
GuruFocus considers Stalprodukt to be Fairly Valued.
Key valuation signals for WAR:STP:
Net Current Asset Value: zł265.18 (12468% above median its 10-year median of 2.11)
GF Value™: zł227.61 vs. price of zł209.00 (8.2% below fair value)
No single metric tells the full story. See the WAR:STP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Stalprodukt SA is a Poland-based company that is primarily engaged in manufacturing and marketing of steel products. The company operates through three segments. Its electrical sheets segment manufactures electrical sheets, strips, and toroidal cores. Its profiles segment produces cold formed profiles, road safety barriers and others. Its zinc segment manufactures zinc and zinc alloys, lead, flotation galena, and others. The company owns a proprietary distribution network of metallurgical products, which consists of wholesale warehouses and offices in several cities in the territory of Poland. The company sells its products both in the home market and abroad.
77GF Score
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