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).
Dr. Ing. h.c. F. Porsche AG's net current asset value per share for the quarter that ended in Mar. 2026 was CHF-9.10.
The historical rank and industry rank for Dr. Ing. h.c. F. Porsche AG's Net Current Asset Value or its related term are showing as below:
XSWX:P911's Price-to-Net-Current-Asset-Value is not ranked *
in the Vehicles & Parts industry.
Industry Median: 4.85 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Dr. Ing. h.c. F. Porsche AG (XSWX:P911) 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.
Dr. Ing. h.c. F. Porsche AG Net Current Asset Value Related Terms
Dr. Ing. h.c. F. Porsche AG 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.
Dr. Ing. h.c. F. Porsche AG Net Current Asset Value Chart
XSWX:P911 vs TSLA, GM, F: Net Current Asset Value Comparison
For the Auto Manufacturers subindustry, Dr. Ing. h.c. F. Porsche 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.
Dr. Ing. h.c. F. Porsche AG Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Dr. Ing. h.c. F. Porsche AG's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Dr. Ing. h.c. F. Porsche 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-9.10 mean?
Dr. Ing. h.c. F. Porsche AG (XSWX:P911) has a Net Current Asset Value of CHF-9.10 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 Dr. Ing. h.c. F. Porsche AG and its competitors. According to the industry distribution chart, Dr. Ing. h.c. F. Porsche AG ranks #999999 out of 707 companies in the Vehicles & Parts industry.
Is Dr. Ing. h.c. F. Porsche AG's Net Current Asset Value too high?
Dr. Ing. h.c. F. Porsche AG's current Net Current Asset Value is CHF-9.10. Based on the distribution chart, Dr. Ing. h.c. F. Porsche AG ranks #999999 out of 707 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Dr. Ing. h.c. F. Porsche AG has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Dr. Ing. h.c. F. Porsche AG's Net Current Asset Value compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Dr. Ing. h.c. F. Porsche AG ranks #999999 out of 707 companies for Net Current Asset Value. This places Dr. Ing. h.c. F. Porsche AG in the lower half of its industry. The industry median Net Current Asset Value is 4.85. 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 Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 4.85, based on 707 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 Dr. Ing. h.c. F. Porsche AG and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 4.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dr. Ing. h.c. F. Porsche AG's current Net Current Asset Value is CHF-9.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dr. Ing. h.c. F. Porsche AG stock overvalued right now?
Dr. Ing. h.c. F. Porsche AG (XSWX:P911) has a current Net Current Asset Value of CHF-9.10. The stock's GF Value™ is CHF56.24, compared to a current price of CHF41.98 — trading 25.4% below its estimated fair value. The current Net Current Asset Value is CHF-9.10. Dr. Ing. h.c. F. Porsche AG's overall GF Score™ is 76/100 with 9 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 Dr. Ing. h.c. F. Porsche AG (XSWX:P911), the current Net Current Asset Value is CHF-9.10 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 Dr. Ing. h.c. F. Porsche AG (XSWX:P911) Overvalued in 2026?
Based on GuruFocus' analysis, Dr. Ing. h.c. F. Porsche AG stock appears to be undervalued.
The current stock price of CHF41.98 is trading 25.4% below its estimated GF Value™ of CHF56.24.
Key valuation signals for XSWX:P911:
Net Current Asset Value: CHF-9.10
GF Value™: CHF56.24 vs. price of CHF41.98 (25.4% below fair value)
No single metric tells the full story. See the XSWX:P911 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Porsche designs, engineers, and manufactures premium cars synonymous with its racing history heritage, engineering mastery, sporty design, and driving experience. Porsche is uniquely positioned in that its brand is associated with luxury, but it produces cars on a much larger scale than its superluxury peers. Porsche sold 279,000 vehicles in 2025 at an average price of EUR 130,000. Europe, North America, mainland China including Hong Kong, and the rest of the world accounted for 34%, 31%, 15%, and 20% of volume in 2025, respectively. Ninety-two percent of revenue is generated from the sale of cars and related services, with the remainder from the captive finance arm. Porsche's equity is tightly held with Volkswagen owning 75.4% and Porsche SE (the Porsche/Piëch family) owning 12.5%.
76GF Score
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