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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).
Komercijalna Banka AD Skopje's net current asset value per share for the quarter that ended in Sep. 2025 was MKD0.00.
The historical rank and industry rank for Komercijalna Banka AD Skopje's Net Current Asset Value or its related term are showing as below:
XMAE:KMB's Price-to-Net-Current-Asset-Value is not ranked *
in the Banks industry.
Industry Median: 1.17 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Komercijalna Banka AD Skopje (XMAE:KMB) 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.
Komercijalna Banka AD Skopje Net Current Asset Value Related Terms
Komercijalna Banka AD Skopje 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.
Komercijalna Banka AD Skopje Net Current Asset Value Chart
XMAE:KMB vs PNC, USB: Net Current Asset Value Comparison
For the Banks - Regional subindustry, Komercijalna Banka 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.
Komercijalna Banka AD Skopje Price-to-Net-Current-Asset-Value vs Banks Industry
For the Banks industry and Financial Services sector, Komercijalna Banka AD Skopje's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Komercijalna Banka 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?
Komercijalna Banka AD Skopje (XMAE:KMB) has a Net Current Asset Value of MKD0.00 as of Sep. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Komercijalna Banka AD Skopje and its competitors. According to the industry distribution chart, Komercijalna Banka AD Skopje ranks #999999 out of 21 companies in the Banks industry.
Is Komercijalna Banka AD Skopje's Net Current Asset Value too high?
Komercijalna Banka AD Skopje's current Net Current Asset Value is MKD0.00. Based on the distribution chart, Komercijalna Banka AD Skopje ranks #999999 out of 21 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Komercijalna Banka AD Skopje has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Komercijalna Banka AD Skopje's Net Current Asset Value compare to PNC and USB?
According to the Banks industry distribution chart, Komercijalna Banka AD Skopje ranks #999999 out of 21 companies for Net Current Asset Value. This places Komercijalna Banka AD Skopje in the lower half of its industry. The industry median Net Current Asset Value is 1.17. 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 Banks company?
The median Net Current Asset Value among Banks companies is 1.17, based on 21 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 Komercijalna Banka AD Skopje and its competitors. For the Banks industry, the median Net Current Asset Value is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Komercijalna Banka 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 Komercijalna Banka AD Skopje stock overvalued right now?
Based on GuruFocus' analysis, Komercijalna Banka AD Skopje (XMAE:KMB) is currently considered Modestly Undervalued. The stock's GF Value™ is MKD27,975.02, compared to a current price of MKD25,300.00 — trading 9.6% below its estimated fair value. The current Net Current Asset Value is MKD0.00. Komercijalna Banka AD Skopje's overall GF Score™ is 65/100 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 Komercijalna Banka AD Skopje (XMAE:KMB), the current Net Current Asset Value is MKD0.00 as of Sep. 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 Komercijalna Banka AD Skopje (XMAE:KMB) Overvalued in 2026?
Based on GuruFocus' analysis, Komercijalna Banka AD Skopje stock appears to be undervalued.
The current stock price of MKD25,300.00 is trading 9.6% below its estimated GF Value™ of MKD27,975.02.
GuruFocus considers Komercijalna Banka AD Skopje to be Modestly Undervalued.
Key valuation signals for XMAE:KMB:
Net Current Asset Value: MKD0.00
GF Value™: MKD27,975.02 vs. price of MKD25,300.00 (9.6% below fair value)
No single metric tells the full story. See the XMAE:KMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Komercijalna Banka AD Skopje is a commercial bank. The principal activities of the bank are - collecting deposits, placing loans and advances domestically and abroad, factoring and financing commercial transactions, foreign exchange operations, fast money transfer, trading with foreign currencies, trading with securities, services of a bank-custodian of investment and pension funds, intermediating in selling insurance policies, data collection and analysis of company's credit rating, and many others. It operates in the Republic of Macedonia, Europe, and other EU member countries.
65GF Score
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