Watts Water TechnologiesWTS +5.65%89 Net Current Asset Value is $15.11 as of Mar. 2026, which is 25% below its 10-year median of 20.05. GuruFocus rates WTS with a GF Score™ of 89/100 and a GF Value™ of $252.92 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,221 Industrial Products companies, Watts Water Technologies ranks worse than 87.8% 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).
Watts Water Technologies's net current asset value per share for the quarter that ended in Mar. 2026 was $15.11.
The historical rank and industry rank for Watts Water Technologies's Net Current Asset Value or its related term are showing as below:
WTS'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 12.1 Med: 20.05 Max: 623.08
Current: 24.82
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Watts Water Technologies was 623.08. The lowest was 12.10. And the median was 20.05.
WTS's Price-to-Net-Current-Asset-Value is ranked worse than 87.8% of 2221
companies
in the Industrial Products industry
Industry Median: 5.41
vs WTS: 24.82
Watts Water Technologies (NYSE:WTS) 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.
Watts Water Technologies Net Current Asset Value Related Terms
Watts Water Technologies Net Current Asset Value Historical Data
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The historical data trend for Watts Water Technologies'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.
Watts Water Technologies Net Current Asset Value Chart
WTS vs CR, GTLS, FLS: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, Watts Water Technologies'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.
Watts Water Technologies Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Watts Water Technologies's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Watts Water Technologies'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 $15.11 mean?
Watts Water Technologies (WTS) has a Net Current Asset Value of $15.11 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Watts Water Technologies and its competitors. This is 25% below median its historical median of 20.05. Over the past decade, Watts Water Technologies' Net Current Asset Value has ranged from 12.10 to 623.08. According to the industry distribution chart, Watts Water Technologies ranks #1950 out of 2221 companies in the Industrial Products industry, placing it in the top 87.8%.
Is Watts Water Technologies' Net Current Asset Value too high?
Watts Water Technologies' current Net Current Asset Value of $15.11 is 25% below median its 10-year median of 20.05. Over the past 10 years, this metric has ranged from a low of 12.10 to a high of 623.08. The Industrial Products industry median Net Current Asset Value is 5.41. Watts Water Technologies' value of $15.11 is 179.3% above this industry median. Based on the distribution chart, Watts Water Technologies ranks #1950 out of 2221 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Watts Water Technologies has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Watts Water Technologies' Net Current Asset Value compare to CR and GTLS?
According to the Industrial Products industry distribution chart, Watts Water Technologies ranks #1950 out of 2221 companies for Net Current Asset Value. This places Watts Water Technologies in the lower half of its industry. The industry median Net Current Asset Value is 5.41. Watts Water Technologies' value of $15.11 is 179.3% above this benchmark. Historically, Watts Water Technologies' own Net Current Asset Value has ranged from 12.10 to 623.08 over the past decade. While the company's 10-year median is 20.05 vs. the industry median of 5.41, Watts Water Technologies 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 Net Current Asset Value for an Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.41, based on 2,221 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. Watts Water Technologies's current Net Current Asset Value of $15.11 is 179.3% 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 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 Watts Water Technologies and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Watts Water Technologies's current Net Current Asset Value is $15.11, which is 25% below median its own 10-year median of 20.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Watts Water Technologies stock overvalued right now?
Based on GuruFocus' analysis, Watts Water Technologies (WTS) is currently considered Significantly Overvalued. The stock's GF Value™ is $252.92, compared to a current price of $375.09 — trading 48.3% above its estimated fair value. The current Net Current Asset Value is $15.11, which is 25% below median its 10-year median of 20.05 and 179.3% above the Industrial Products industry median of 5.41. Watts Water Technologies' overall GF Score™ is 89/100 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 Watts Water Technologies (WTS), the current Net Current Asset Value is $15.11 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 Watts Water Technologies (WTS) Overvalued in 2026?
Based on GuruFocus' analysis, Watts Water Technologies stock appears to be overvalued.
The current stock price of $375.09 is trading 48.3% above its estimated GF Value™ of $252.92.
GuruFocus considers Watts Water Technologies to be Significantly Overvalued.
Key valuation signals for WTS:
Net Current Asset Value: $15.11 (25% below median its 10-year median of 20.05)
GF Value™: $252.92 vs. price of $375.09 (48.3% above fair value)
Industry Position: 179.3% above the Industrial Products median (#1950 of 2221)
No single metric tells the full story. See the WTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Watts Water Technologies Inc is a U.S.-based company that provides safety, energy efficiency, and water conservation products. Its product portfolio includes residential and commercial flow control products, which are sold for plumbing and hot water applications; HVAC and gas products, including commercial boilers, water heaters, heating solutions, etc.; drainage and water reuse products, including drainage products and engineered rainwater-harvesting solutions; and water quality products, including point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems. Its products are marketed through brands like Watts, Apex, Bradley, Nexa, and others. Geographically, the company derives its key revenue from the Americas, followed by Europe and the APMEA region.
89GF Score
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