Draegerwerk AG KGaAWBO:DRW8 -0.57%41 Net Current Asset Value is €21.36 as of Mar. 2026, which is 100% below its 10-year median of 5.33. GuruFocus rates WBO:DRW8 with a GF Score™ of 41/100 and a GF Value™ of €46.66 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 569 Medical Devices & Instruments companies, Draegerwerk AG KGaA ranks better than 66.26% 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).
Draegerwerk AG KGaA's net current asset value per share for the quarter that ended in Mar. 2026 was €21.36.
The historical rank and industry rank for Draegerwerk AG KGaA's Net Current Asset Value or its related term are showing as below:
WBO:DRW8'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.37 Med: 5.33 Max: 268.4
Current: 3.26
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Draegerwerk AG KGaA was 268.40. The lowest was 2.37. And the median was 5.33.
WBO:DRW8's Price-to-Net-Current-Asset-Value is ranked better than 66.26% of 569
companies
in the Medical Devices & Instruments industry
Industry Median: 4.99
vs WBO:DRW8: 3.26
Draegerwerk AG KGaA (WBO:DRW8) 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.
Draegerwerk AG KGaA Net Current Asset Value Related Terms
Draegerwerk AG KGaA Net Current Asset Value Historical Data
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The historical data trend for Draegerwerk AG KGaA'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.
WBO:DRW8 vs ABT, SYK, MDT: Net Current Asset Value Comparison
For the Medical Devices subindustry, Draegerwerk AG KGaA'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.
Draegerwerk AG KGaA Price-to-Net-Current-Asset-Value vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Draegerwerk AG KGaA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Draegerwerk AG KGaA'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 €21.36 mean?
Draegerwerk AG KGaA (WBO:DRW8) has a Net Current Asset Value of €21.36 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 Draegerwerk AG KGaA and its competitors. This is 301% above median its historical median of 5.33. Over the past decade, Draegerwerk AG KGaA's Net Current Asset Value has ranged from 2.37 to 268.40. According to the industry distribution chart, Draegerwerk AG KGaA ranks #192 out of 569 companies in the Medical Devices & Instruments industry, placing it in the top 33.7%.
Is Draegerwerk AG KGaA's Net Current Asset Value too high?
Draegerwerk AG KGaA's current Net Current Asset Value of €21.36 is 301% above median its 10-year median of 5.33. Over the past 10 years, this metric has ranged from a low of 2.37 to a high of 268.40. Based on the distribution chart, Draegerwerk AG KGaA ranks #192 out of 569 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Draegerwerk AG KGaA has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Draegerwerk AG KGaA's Net Current Asset Value compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Draegerwerk AG KGaA ranks #192 out of 569 companies for Net Current Asset Value. This puts Draegerwerk AG KGaA in the upper half of its industry. The industry median Net Current Asset Value is 4.99. Historically, Draegerwerk AG KGaA's own Net Current Asset Value has ranged from 2.37 to 268.40 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 a Medical Devices & Instruments company?
The median Net Current Asset Value among Medical Devices & Instruments companies is 4.99, based on 569 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 Draegerwerk AG KGaA and its competitors. For the Medical Devices & Instruments industry, the median Net Current Asset Value is 4.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Draegerwerk AG KGaA's current Net Current Asset Value is €21.36, which is 301% above median its own 10-year median of 5.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Draegerwerk AG KGaA stock overvalued right now?
Based on GuruFocus' analysis, Draegerwerk AG KGaA (WBO:DRW8) is currently considered Significantly Overvalued. The stock's GF Value™ is €46.66, compared to a current price of €69.40 — trading 48.7% above its estimated fair value. The current Net Current Asset Value is €21.36, which is 301% above median its 10-year median of 5.33. Draegerwerk AG KGaA's overall GF Score™ is 41/100 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 Draegerwerk AG KGaA (WBO:DRW8), the current Net Current Asset Value is €21.36 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 Draegerwerk AG KGaA (WBO:DRW8) Overvalued in 2026?
Based on GuruFocus' analysis, Draegerwerk AG KGaA stock appears to be overvalued.
The current stock price of €69.40 is trading 48.7% above its estimated GF Value™ of €46.66.
GuruFocus considers Draegerwerk AG KGaA to be Significantly Overvalued.
Key valuation signals for WBO:DRW8:
Net Current Asset Value: €21.36 (301% above median its 10-year median of 5.33)
GF Value™: €46.66 vs. price of €69.40 (48.7% above fair value)
No single metric tells the full story. See the WBO:DRW8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Draegerwerk AG & Co KGaA develops medical and safety equipment for clinical and industrial applications. The firm operates in two segments: medical and safety. The medical division contributes the majority of revenue, it develops and produces system solutions, equipment, and services for the acute point of care, it has five business units Therapy, Hospital Consumables & Accessories, Workplace Infrastructure, Monitoring, and Data Business. Its safety division develops and produces devices, system solutions, and services for personal protection, gas detection, and integrated hazard management. Its geographical segments are Europe; Germany; the Americas; Africa, Asia, and Australia.
41GF Score
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