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).
Alkaloid AD Skopje's net current asset value per share for the quarter that ended in Mar. 2026 was MKD0.00.
The historical rank and industry rank for Alkaloid AD Skopje's Net Current Asset Value or its related term are showing as below:
XMAE:ALK'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.52 Med: 7.09 Max: 12.9
Current: 9.1
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Alkaloid AD Skopje was 12.90. The lowest was 2.52. And the median was 7.09.
XMAE:ALK's Price-to-Net-Current-Asset-Value is ranked worse than 67.87% of 610
companies
in the Drug Manufacturers industry
Industry Median: 5.675
vs XMAE:ALK: 9.10
Alkaloid AD Skopje (XMAE:ALK) 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.
Alkaloid AD Skopje Net Current Asset Value Related Terms
Alkaloid AD Skopje Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Alkaloid AD Skopje'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.
XMAE:ALK vs ZTS, UTHR, VTRS: Net Current Asset Value Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Alkaloid AD Skopje'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.
Alkaloid AD Skopje Price-to-Net-Current-Asset-Value vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Alkaloid AD Skopje's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Alkaloid AD Skopje'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 MKD0.00 mean?
Alkaloid AD Skopje (XMAE:ALK) has a Net Current Asset Value of MKD0.00 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 Alkaloid AD Skopje and its competitors. Over the past decade, Alkaloid AD Skopje's Net Current Asset Value has ranged from 2.52 to 12.90. According to the industry distribution chart, Alkaloid AD Skopje ranks #414 out of 610 companies in the Drug Manufacturers industry, placing it in the top 67.9%.
Is Alkaloid AD Skopje's Net Current Asset Value too high?
Alkaloid AD Skopje's current Net Current Asset Value is MKD0.00. Over the past 10 years, this metric has ranged from a low of 2.52 to a high of 12.90. Based on the distribution chart, Alkaloid AD Skopje ranks #414 out of 610 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Alkaloid AD Skopje has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alkaloid AD Skopje's Net Current Asset Value compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Alkaloid AD Skopje ranks #414 out of 610 companies for Net Current Asset Value. This places Alkaloid AD Skopje in the lower half of its industry. The industry median Net Current Asset Value is 5.68. Historically, Alkaloid AD Skopje's own Net Current Asset Value has ranged from 2.52 to 12.90 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 Drug Manufacturers company?
The median Net Current Asset Value among Drug Manufacturers companies is 5.68, based on 610 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 Alkaloid AD Skopje and its competitors. For the Drug Manufacturers industry, the median Net Current Asset Value is 5.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alkaloid AD Skopje's current Net Current Asset Value is MKD0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alkaloid AD Skopje stock overvalued right now?
Based on GuruFocus' analysis, Alkaloid AD Skopje (XMAE:ALK) is currently considered Modestly Undervalued. The stock's GF Value™ is MKD27,308.92, compared to a current price of MKD22,500.00 — trading 17.6% below its estimated fair value. The current Net Current Asset Value is MKD0.00. Alkaloid AD Skopje's overall GF Score™ is 100/100. 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 Alkaloid AD Skopje (XMAE:ALK), the current Net Current Asset Value is MKD0.00 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 Alkaloid AD Skopje (XMAE:ALK) Overvalued in 2026?
Based on GuruFocus' analysis, Alkaloid AD Skopje stock appears to be undervalued.
The current stock price of MKD22,500.00 is trading 17.6% below its estimated GF Value™ of MKD27,308.92.
GuruFocus considers Alkaloid AD Skopje to be Modestly Undervalued.
Key valuation signals for XMAE:ALK:
Net Current Asset Value: MKD0.00
GF Value™: MKD27,308.92 vs. price of MKD22,500.00 (17.6% below fair value)
No single metric tells the full story. See the XMAE:ALK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alkaloid AD Skopje is engaged in producing and selling pharmaceutical, chemical and cosmetic products, as well as goods from the herbal origin. Its segments are Pharmaceuticals, Chemicals, Cosmetics and Botanicals. It derives maximum revenue from Pharmaceuticals products segment.
100GF Score
Get the complete analysis for XMAE:ALK
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XMAE:ALK has been successfully added to your 
