New Germany Fund Inc. (The) Common Stock (GF)

FairStock Score: 58/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with what I know. The New Germany Fund is a closed-end fund focused on German small and mid-caps, so its fortunes depend on that market and manager skill. The data as of the 2026-10-13 close show a $188.3M market cap and a FairStock P/B of 0.81. That means the market is paying about 81 cents for each dollar of book value. That is the kind of discount Graham would notice, though for a fund book value is mostly investment portfolio value, not a factory or brand. The negative FairStock P/E of -21.83 and negative ROE of -3.58% tell me the fund is not earning money now. A FairStock ROCE of 0.21% is barely positive. Debt is low at D/E 0.09, and Altman Z 5.79 suggests no near-term balance-sheet distress. But a Piotroski F-Score of 0/9 is a red flag: on the provided accounting signals, nothing looks strong. The FairStock Score is 58/100, middling. There is a 2.61% dividend yield, which is helpful if maintained, and beta near 0.99 suggests average market sensitivity. Growth is impossible to judge because revenue and profit growth are N/A and the Lynch rule says no category can be assigned with only 0 years of filed results. So I have a cheap-looking closed-end fund with poor current profitability and limited reported history. The discount could narrow if German small/mid-caps recover, but without evidence of earnings or NAV stabilization, this is not a clear business with a moat. More filed results are needed.

In plain English: This is a closed-end fund that invests in small and mid-sized German companies. It is currently losing money and has weak profit measures, so the business looks weak. The shares trade below the value of the fund's assets, which can look cheap, but the losses make that discount uncertain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer