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Springer Nature AG KGaAXTER:SPG +1.66%46 Net Current Asset Value is €-11.05 as of Dec. 2025. GuruFocus rates XTER:SPG with a GF Score™ of 46/100. The stock has 6 warning signs investors should review. Among 524 Media - Diversified companies, Springer Nature AG KGaA ranks worse than 190839.5% 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).
Springer Nature AG KGaA's net current asset value per share for the quarter that ended in Dec. 2025 was €-11.05.
The historical rank and industry rank for Springer Nature AG KGaA's Net Current Asset Value or its related term are showing as below:
XTER:SPG's Price-to-Net-Current-Asset-Value is not ranked *
in the Media - Diversified industry.
Industry Median: 2.86 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Springer Nature AG KGaA (XTER:SPG) 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.
Springer Nature AG KGaA Net Current Asset Value Related Terms
Springer Nature AG KGaA Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Springer Nature AG KGaA'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.
Springer Nature AG KGaA Net Current Asset Value Chart
XTER:SPG vs NYT, WLY: Net Current Asset Value Comparison
For the Publishing subindustry, Springer Nature AG KGaA'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.
Springer Nature AG KGaA Price-to-Net-Current-Asset-Value vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Springer Nature AG KGaA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Springer Nature AG KGaA'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 €-11.05 mean?
Springer Nature AG KGaA (XTER:SPG) has a Net Current Asset Value of €-11.05 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 Springer Nature AG KGaA and its competitors. According to the industry distribution chart, Springer Nature AG KGaA ranks #999999 out of 524 companies in the Media - Diversified industry.
Is Springer Nature AG KGaA's Net Current Asset Value too high?
Springer Nature AG KGaA's current Net Current Asset Value is €-11.05. Based on the distribution chart, Springer Nature AG KGaA ranks #999999 out of 524 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Springer Nature AG KGaA has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Springer Nature AG KGaA's Net Current Asset Value compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Springer Nature AG KGaA ranks #999999 out of 524 companies for Net Current Asset Value. This places Springer Nature AG KGaA in the lower half of its industry. The industry median Net Current Asset Value is 2.86. 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 Media - Diversified company?
The median Net Current Asset Value among Media - Diversified companies is 2.86, based on 524 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 Springer Nature AG KGaA and its competitors. For the Media - Diversified industry, the median Net Current Asset Value is 2.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Springer Nature AG KGaA's current Net Current Asset Value is €-11.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Springer Nature AG KGaA stock overvalued right now?
Springer Nature AG KGaA (XTER:SPG) has a current Net Current Asset Value of €-11.05. The current Net Current Asset Value is €-11.05. Springer Nature AG KGaA's overall GF Score™ is 46/100 with 6 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 Springer Nature AG KGaA (XTER:SPG), the current Net Current Asset Value is €-11.05 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.
Springer Nature AG & Co KGaA is a research, educational, and professional publisher providing content to communities through a range of platforms, products, and services. It offers journals, books, platforms, databases & and solutions. The company includes three Segments: Research, Education, and Health. The company operates in the Americas, APAC, Germany, and Other EMEA regions. The majority of revenue is generated from the research segment in America.
46GF Score
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