Phoenix Mecano AGXSWX:PMN +0.97%76 Net Current Asset Value is CHF61.75 as of Dec. 2025, which is 100% below its 10-year median of 5.62. GuruFocus rates XSWX:PMN with a GF Score™ of 76/100 and a GF Value™ of CHF438.78 (Fairly Valued). The stock has 2 warning signs investors should review. Among 2,217 Industrial Products companies, Phoenix Mecano AG ranks worse than 56.92% 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).
Phoenix Mecano AG's net current asset value per share for the quarter that ended in Dec. 2025 was CHF61.75.
The historical rank and industry rank for Phoenix Mecano AG's Net Current Asset Value or its related term are showing as below:
XSWX:PMN'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.58 Med: 5.62 Max: 10.1
Current: 6.74
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Phoenix Mecano AG was 10.10. The lowest was 3.58. And the median was 5.62.
XSWX:PMN's Price-to-Net-Current-Asset-Value is ranked worse than 56.92% of 2217
companies
in the Industrial Products industry
Industry Median: 5.58
vs XSWX:PMN: 6.74
Phoenix Mecano AG (XSWX:PMN) 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.
Phoenix Mecano AG Net Current Asset Value Related Terms
Phoenix Mecano AG Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Phoenix Mecano 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:PMN vs GEV, ETN, PH: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, Phoenix Mecano 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.
Phoenix Mecano AG Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Phoenix Mecano AG's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Phoenix Mecano 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 CHF61.75 mean?
Phoenix Mecano AG (XSWX:PMN) has a Net Current Asset Value of CHF61.75 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 Phoenix Mecano AG and its competitors. This is 999% above median its historical median of 5.62. Over the past decade, Phoenix Mecano AG's Net Current Asset Value has ranged from 3.58 to 10.10. According to the industry distribution chart, Phoenix Mecano AG ranks #1262 out of 2217 companies in the Industrial Products industry, placing it in the top 56.9%.
Is Phoenix Mecano AG's Net Current Asset Value too high?
Phoenix Mecano AG's current Net Current Asset Value of CHF61.75 is 999% above median its 10-year median of 5.62. Over the past 10 years, this metric has ranged from a low of 3.58 to a high of 10.10. Based on the distribution chart, Phoenix Mecano AG ranks #1262 out of 2217 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Phoenix Mecano AG has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Phoenix Mecano AG's Net Current Asset Value compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Phoenix Mecano AG ranks #1262 out of 2217 companies for Net Current Asset Value. This places Phoenix Mecano AG in the lower half of its industry. The industry median Net Current Asset Value is 5.58. Historically, Phoenix Mecano AG's own Net Current Asset Value has ranged from 3.58 to 10.10 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 an Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.58, based on 2,217 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 Phoenix Mecano AG and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phoenix Mecano AG's current Net Current Asset Value is CHF61.75, which is 999% above median its own 10-year median of 5.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phoenix Mecano AG stock overvalued right now?
Based on GuruFocus' analysis, Phoenix Mecano AG (XSWX:PMN) is currently considered Fairly Valued. The stock's GF Value™ is CHF438.78, compared to a current price of CHF416.00 — trading 5.2% below its estimated fair value. The current Net Current Asset Value is CHF61.75, which is 999% above median its 10-year median of 5.62. Phoenix Mecano AG's overall GF Score™ is 76/100 with 2 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 Phoenix Mecano AG (XSWX:PMN), the current Net Current Asset Value is CHF61.75 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 Phoenix Mecano AG (XSWX:PMN) Overvalued in 2026?
Based on GuruFocus' analysis, Phoenix Mecano AG stock appears to be undervalued.
The current stock price of CHF416.00 is trading 5.2% below its estimated GF Value™ of CHF438.78.
GuruFocus considers Phoenix Mecano AG to be Fairly Valued.
Key valuation signals for XSWX:PMN:
Net Current Asset Value: CHF61.75 (999% above median its 10-year median of 5.62)
GF Value™: CHF438.78 vs. price of CHF416.00 (5.2% below fair value)
No single metric tells the full story. See the XSWX:PMN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Phoenix Mecano AG is a technology company with market shares in international growth markets, manufacturing components and system solutions such as technical enclosures, electronic components, and electrical drives, mechanisms, and control systems for adjustable comfort and healthcare furniture and hospital beds. Its products are used across applications, including mechanical engineering, measurement and control technology, electrical engineering, automotive and railway technology, energy, medical, aerospace, and home and hospital care. The Group operates through three divisions: Enclosure Systems, Industrial Components, and DewertOkin Technology Group. It operates in Switzerland, Germany, the United Kingdom, France, Italy, the Netherlands, and other countries.
76GF Score
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