BKW AGXSWX:BKW -0.45%76 Net Current Asset Value is CHF-60.42 as of Dec. 2025. GuruFocus rates XSWX:BKW with a GF Score™ of 76/100 and a GF Value™ of CHF148.69 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 104 Utilities - Independent Power Producers companies, BKW AG ranks worse than 961537.5% 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).
BKW AG's net current asset value per share for the quarter that ended in Dec. 2025 was CHF-60.42.
The historical rank and industry rank for BKW AG's Net Current Asset Value or its related term are showing as below:
XSWX:BKW's Price-to-Net-Current-Asset-Value is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 5.175 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
BKW AG (XSWX:BKW) 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.
BKW AG Net Current Asset Value Related Terms
BKW AG Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for BKW 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.
BKW AG Net Current Asset Value Competitor Comparison
For the Utilities - Renewable subindustry, BKW 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.
BKW AG Price-to-Net-Current-Asset-Value vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, BKW AG's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where BKW 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 CHF-60.42 mean?
BKW AG (XSWX:BKW) has a Net Current Asset Value of CHF-60.42 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 BKW AG and its competitors. According to the industry distribution chart, BKW AG ranks #999999 out of 104 companies in the Utilities - Independent Power Producers industry.
Is BKW AG's Net Current Asset Value too high?
BKW AG's current Net Current Asset Value is CHF-60.42. Based on the distribution chart, BKW AG ranks #999999 out of 104 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, BKW AG has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BKW AG's Net Current Asset Value compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, BKW AG ranks #999999 out of 104 companies for Net Current Asset Value. This places BKW AG in the lower half of its industry. The industry median Net Current Asset Value is 5.18. 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 an Utilities - Independent Power Producers company?
The median Net Current Asset Value among Utilities - Independent Power Producers companies is 5.18, based on 104 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 BKW AG and its competitors. For the Utilities - Independent Power Producers industry, the median Net Current Asset Value is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BKW AG's current Net Current Asset Value is CHF-60.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BKW AG stock overvalued right now?
Based on GuruFocus' analysis, BKW AG (XSWX:BKW) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF148.69, compared to a current price of CHF133.70 — trading 10.1% below its estimated fair value. The current Net Current Asset Value is CHF-60.42. BKW AG's overall GF Score™ is 76/100 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 BKW AG (XSWX:BKW), the current Net Current Asset Value is CHF-60.42 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 BKW AG (XSWX:BKW) Overvalued in 2026?
Based on GuruFocus' analysis, BKW AG stock appears to be undervalued.
The current stock price of CHF133.70 is trading 10.1% below its estimated GF Value™ of CHF148.69.
GuruFocus considers BKW AG to be Modestly Undervalued.
Key valuation signals for XSWX:BKW:
Net Current Asset Value: CHF-60.42
GF Value™: CHF148.69 vs. price of CHF133.70 (10.1% below fair value)
No single metric tells the full story. See the XSWX:BKW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BKW AG is an international energy and infrastructure company, offering integrated solutions in the fields of energy, buildings, and infrastructure. It operates in three reportable business segments: Energy Solutions, Power Grid, and Infrastructure and Buildings. Maximum revenue is generated from the Energy Solutions segment, which builds, operates, and maintains BKW's portfolio of power plants in Switzerland and abroad. It also includes the sale of energy in Switzerland, trading in electricity, certificates, and raw materials, as well as wind, solar, and smart energy services. Geographically, the group generates maximum revenue from its business in Switzerland, followed by Germany, Italy, France, and other countries.
76GF Score
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