Eco Wave Power Global ABWAVE -2.65%39 Current Ratio is 2.43 as of Mar. 2026, which is 55% below its 10-year median of 5.37. GuruFocus rates WAVE with a GF Score™ of 39/100 and a GF Value™ of $1.54 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 446 Utilities - Independent Power Producers companies, Eco Wave Power Global AB ranks better than 76.46% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Eco Wave Power Global AB's current ratio for the quarter that ended in Mar. 2026 was 2.43.
Eco Wave Power Global AB has a current ratio of 2.43. It generally indicates good short-term financial strength.
The historical rank and industry rank for Eco Wave Power Global AB's Current Ratio or its related term are showing as below:
WAVE'
s Current Ratio Range Over the Past 10 Years
Min: 2.43 Med: 5.37 Max: 50.67
Current: 2.43
During the past 9 years, Eco Wave Power Global AB's highest Current Ratio was 50.67. The lowest was 2.43. And the median was 5.37.
Eco Wave Power Global AB (NAS:WAVE) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Eco Wave Power Global AB Current Ratio Related Terms
Eco Wave Power Global AB Current Ratio 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.
WAVE vs NXXT, AGIG, STEM: Current Ratio Comparison
For the Utilities - Renewable subindustry, Eco Wave Power Global AB's Current Ratio, along with its competitors' market caps and Current Ratio 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.
Eco Wave Power Global AB Current Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Eco Wave Power Global AB's Current Ratio distribution charts can be found below:
* The bar in red indicates where Eco Wave Power Global AB's Current Ratio 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.
Eco Wave Power Global AB (WAVE) has a Current Ratio of 2.43 as of Mar. 2026. This is 55% below median its historical median of 5.37. Over the past decade, Eco Wave Power Global AB's Current Ratio has ranged from 2.43 to 50.67. According to the industry distribution chart, Eco Wave Power Global AB ranks #105 out of 446 companies in the Utilities - Independent Power Producers industry, placing it in the top 23.5%.
Is Eco Wave Power Global AB's Current Ratio too high?
Eco Wave Power Global AB's current Current Ratio of 2.43 is 55% below median its 10-year median of 5.37. Over the past 10 years, this metric has ranged from a low of 2.43 to a high of 50.67. The Utilities - Independent Power Producers industry median Current Ratio is 1.36. Eco Wave Power Global AB's value of 2.43 is 78.7% above this industry median. Based on the distribution chart, Eco Wave Power Global AB ranks #105 out of 446 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Eco Wave Power Global AB has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eco Wave Power Global AB's Current Ratio compare to NXXT and AGIG?
According to the Utilities - Independent Power Producers industry distribution chart, Eco Wave Power Global AB ranks #105 out of 446 companies for Current Ratio. This places Eco Wave Power Global AB in the top 24% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.36. Eco Wave Power Global AB's value of 2.43 is 78.7% above this benchmark. Historically, Eco Wave Power Global AB's own Current Ratio has ranged from 2.43 to 50.67 over the past decade. While the company's 10-year median is 5.37 vs. the industry median of 1.36, Eco Wave Power Global AB has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Utilities - Independent Power Producers company?
The median Current Ratio among Utilities - Independent Power Producers companies is 1.36, based on 446 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Eco Wave Power Global AB's current Current Ratio of 2.43 is 78.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Utilities - Independent Power Producers industry, the median Current Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eco Wave Power Global AB's current Current Ratio is 2.43, which is 55% below median its own 10-year median of 5.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eco Wave Power Global AB stock overvalued right now?
Based on GuruFocus' analysis, Eco Wave Power Global AB (WAVE) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.54, compared to a current price of $8.83 — trading 473.4% above its estimated fair value. The current Current Ratio is 2.43, which is 55% below median its 10-year median of 5.37 and 78.7% above the Utilities - Independent Power Producers industry median of 1.36. Eco Wave Power Global AB's overall GF Score™ is 39/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Eco Wave Power Global AB (WAVE), the current Current Ratio is 2.43 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 Eco Wave Power Global AB (WAVE) Overvalued in 2026?
Based on GuruFocus' analysis, Eco Wave Power Global AB stock appears to be overvalued.
The current stock price of $8.83 is trading 473.4% above its estimated GF Value™ of $1.54.
GuruFocus considers Eco Wave Power Global AB to be Significantly Overvalued.
Key valuation signals for WAVE:
Current Ratio: 2.43 (55% below median its 10-year median of 5.37)
GF Value™: $1.54 vs. price of $8.83 (473.4% above fair value)
Industry Position: 78.7% above the Utilities - Independent Power Producers median (#105 of 446)
No single metric tells the full story. See the WAVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eco Wave Power Global AB is a Sweden-based wave energy company engaged in the development of a smart and cost-efficient wave energy conversion, or WEC, technology that converts ocean and sea waves into clean electricity. Its WEC technology employs units of point absorber floating devices, referred to as floaters, which are installed on existing marine structures such as piers, breakwaters, and jetties, or in locations in which such marine structures are required. Geographically, it has a presence in Israel, the USA, and Mexico.
39GF Score
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