Also Holding AGXSWX:ALSN +1.03%60 Net Current Asset Value is CHF20.03 as of Dec. 2025, which is 100% below its 10-year median of 5.30. GuruFocus rates XSWX:ALSN with a GF Score™ of 60/100 and a GF Value™ of CHF308.11 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,841 Hardware companies, Also Holding AG ranks worse than 66.59% 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).
Also Holding AG's net current asset value per share for the quarter that ended in Dec. 2025 was CHF20.03.
The historical rank and industry rank for Also Holding AG's Net Current Asset Value or its related term are showing as below:
XSWX:ALSN'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.1 Med: 5.3 Max: 10.73
Current: 9.76
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Also Holding AG was 10.73. The lowest was 3.10. And the median was 5.30.
XSWX:ALSN's Price-to-Net-Current-Asset-Value is ranked worse than 66.59% of 1841
companies
in the Hardware industry
Industry Median: 5.53
vs XSWX:ALSN: 9.76
Also Holding AG (XSWX:ALSN) 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.
Also Holding AG Net Current Asset Value Related Terms
Also Holding AG Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Also Holding AG'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.
XSWX:ALSN vs SNX, ARW, AVT: Net Current Asset Value Comparison
For the Electronics & Computer Distribution subindustry, Also Holding AG'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.
Also Holding AG Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Also Holding AG's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Also Holding AG'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 CHF20.03 mean?
Also Holding AG (XSWX:ALSN) has a Net Current Asset Value of CHF20.03 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 Also Holding AG and its competitors. This is 278% above median its historical median of 5.30. Over the past decade, Also Holding AG's Net Current Asset Value has ranged from 3.10 to 10.73. According to the industry distribution chart, Also Holding AG ranks #1226 out of 1841 companies in the Hardware industry, placing it in the top 66.6%.
Is Also Holding AG's Net Current Asset Value too high?
Also Holding AG's current Net Current Asset Value of CHF20.03 is 278% above median its 10-year median of 5.30. Over the past 10 years, this metric has ranged from a low of 3.10 to a high of 10.73. Based on the distribution chart, Also Holding AG ranks #1226 out of 1841 companies in the Hardware industry, which is below the industry midpoint. Overall, Also Holding AG has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Also Holding AG's Net Current Asset Value compare to SNX and ARW?
According to the Hardware industry distribution chart, Also Holding AG ranks #1226 out of 1841 companies for Net Current Asset Value. This places Also Holding AG in the lower half of its industry. The industry median Net Current Asset Value is 5.53. Historically, Also Holding AG's own Net Current Asset Value has ranged from 3.10 to 10.73 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.53, based on 1,841 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 Also Holding AG and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Also Holding AG's current Net Current Asset Value is CHF20.03, which is 278% above median its own 10-year median of 5.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Also Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Also Holding AG (XSWX:ALSN) is currently considered Possible Value Trap. The stock's GF Value™ is CHF308.11, compared to a current price of CHF195.40 — trading 36.6% below its estimated fair value. The current Net Current Asset Value is CHF20.03, which is 278% above median its 10-year median of 5.30. Also Holding AG's overall GF Score™ is 60/100 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 Also Holding AG (XSWX:ALSN), the current Net Current Asset Value is CHF20.03 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 Also Holding AG (XSWX:ALSN) Overvalued in 2026?
Based on GuruFocus' analysis, Also Holding AG stock appears to be undervalued.
The current stock price of CHF195.40 is trading 36.6% below its estimated GF Value™ of CHF308.11.
GuruFocus considers Also Holding AG to be Possible Value Trap.
Key valuation signals for XSWX:ALSN:
Net Current Asset Value: CHF20.03 (278% above median its 10-year median of 5.30)
GF Value™: CHF308.11 vs. price of CHF195.40 (36.6% below fair value)
No single metric tells the full story. See the XSWX:ALSN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Also Holding AG is an information and communications technology distribution company. It distributes a wide portfolio of hardware, software, and digital products of various technology brands. The industries it caters to include information technology, data centers, consumer electronics, and telecommunications. It also connects service providers of cloud solutions with their customers and aids the provision of financial, logistics, and IT services. The company's operating segments are: Central Europe, which generates the maximum revenue, and Northern/Eastern Europe. Geographically, it derives maximum revenue from the United Kingdom, followed by Germany, Poland, Switzerland, and other markets.
60GF Score
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