Netflix (NFLX) Construction In Progress: $307 Mil (As of Mar. 2026)


NFLX Netflix Inc NFLX
95 GF Score
Price $71.84
GF Value $98.41
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Netflix Construction In Progress?

Netflix NFLX -1.34% 95 Construction In Progress is $307 Mil as of Mar. 2026. GuruFocus rates NFLX with a GF Score™ of 95/100 and a GF Value™ of $98.41 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Netflix's quarterly construction in progress declined from Sep. 2025 ($443 Mil) to Dec. 2025 ($285 Mil) but then increased from Dec. 2025 ($285 Mil) to Mar. 2026 ($307 Mil).

Netflix's annual construction in progress declined from Dec. 2023 ($406 Mil) to Dec. 2024 ($228 Mil) but then increased from Dec. 2024 ($228 Mil) to Dec. 2025 ($285 Mil).

Netflix Construction In Progress Historical Data

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The historical data trend for Netflix's Construction In Progress 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.

Netflix Construction In Progress Chart

Netflix Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 282.25 235.56 406.49 228.30 285.01

Netflix Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 253.72 334.28 442.68 285.01 306.72
NFLX
95GF Score
Netflix Inc NFLX
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Netflix Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $307 Mil mean?
Netflix (NFLX) has a Construction In Progress of $307 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Netflix and its competitors.
Is Netflix's Construction In Progress too high?
Netflix's current Construction In Progress is $307 Mil. Overall, Netflix has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netflix's Construction In Progress compare to DIS and WBD?
Netflix's Construction In Progress of $307 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Media - Diversified company?
A good Construction In Progress depends on the Media - Diversified industry context. However, Construction In Progress 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 Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Netflix and its competitors. Netflix's current Construction In Progress is $307 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netflix stock overvalued right now?
Based on GuruFocus' analysis, Netflix (NFLX) is currently considered Modestly Undervalued. The stock's GF Value™ is $98.41, compared to a current price of $71.84 — trading 27% below its estimated fair value. The current Construction In Progress is $307 Mil. Netflix's overall GF Score™ is 95/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Netflix (NFLX), the current Construction In Progress is $307 Mil 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 Netflix (NFLX) Overvalued in 2026?

Based on GuruFocus' analysis, Netflix stock appears to be undervalued. The current stock price of $71.84 is trading 27% below its estimated GF Value™ of $98.41. GuruFocus considers Netflix to be Modestly Undervalued.

Key valuation signals for NFLX:

  • Construction In Progress: $307 Mil
  • GF Value™: $98.41 vs. price of $71.84 (27% below fair value)
  • GF Score™: 95/100 with 1 warning sign

No single metric tells the full story. See the NFLX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Netflix Business Description

Address 121 Albright Way, Los Gatos, CA, USA, 95032
Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 300 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided a regular slate of live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm introduced ad-supported subscription plans in 2022, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
95GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$71.84
Price
$98.41
GF Value