Applied Aerospace & DefenseAADX +0.78%11 Net Current Asset Value is $-3.21 as of Dec. 2025. GuruFocus rates AADX with a GF Score™ of 11/100. The stock has 3 warning signs investors should review. Among 198 Aerospace & Defense companies, Applied Aerospace & Defense ranks worse than 505050% 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).
Applied Aerospace & Defense's net current asset value per share for the quarter that ended in Dec. 2025 was $-3.21.
The historical rank and industry rank for Applied Aerospace & Defense's Net Current Asset Value or its related term are showing as below:
AADX's Price-to-Net-Current-Asset-Value is not ranked *
in the Aerospace & Defense industry.
Industry Median: 7.63 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Applied Aerospace & Defense (NYSE:AADX) 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.
Applied Aerospace & Defense Net Current Asset Value Related Terms
Applied Aerospace & Defense Net Current Asset Value 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.
Applied Aerospace & Defense Net Current Asset Value Chart
Applied Aerospace & Defense Annual Data
Trend
Dec24
Dec25
Net Current Asset Value
-3.16
-3.21
Applied Aerospace & Defense Semi-Annual Data
Dec24
Dec25
Net Current Asset Value
-3.16
-3.21
AADX vs YSS, ACHR, LUNR: Net Current Asset Value Comparison
For the Aerospace & Defense subindustry, Applied Aerospace & Defense'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.
Applied Aerospace & Defense Price-to-Net-Current-Asset-Value vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Applied Aerospace & Defense's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Applied Aerospace & Defense'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 $-3.21 mean?
Applied Aerospace & Defense (AADX) has a Net Current Asset Value of $-3.21 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 Applied Aerospace & Defense and its competitors. According to the industry distribution chart, Applied Aerospace & Defense ranks #999999 out of 198 companies in the Aerospace & Defense industry.
Is Applied Aerospace & Defense's Net Current Asset Value too high?
Applied Aerospace & Defense's current Net Current Asset Value is $-3.21. Based on the distribution chart, Applied Aerospace & Defense ranks #999999 out of 198 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Applied Aerospace & Defense has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Applied Aerospace & Defense's Net Current Asset Value compare to YSS and ACHR?
According to the Aerospace & Defense industry distribution chart, Applied Aerospace & Defense ranks #999999 out of 198 companies for Net Current Asset Value. This places Applied Aerospace & Defense in the lower half of its industry. The industry median Net Current Asset Value is 7.63. 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 Aerospace & Defense company?
The median Net Current Asset Value among Aerospace & Defense companies is 7.63, based on 198 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 Applied Aerospace & Defense and its competitors. For the Aerospace & Defense industry, the median Net Current Asset Value is 7.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Aerospace & Defense's current Net Current Asset Value is $-3.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Aerospace & Defense stock overvalued right now?
Applied Aerospace & Defense (AADX) has a current Net Current Asset Value of $-3.21. The current Net Current Asset Value is $-3.21. Applied Aerospace & Defense's overall GF Score™ is 11/100 with 3 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 Applied Aerospace & Defense (AADX), the current Net Current Asset Value is $-3.21 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.
Applied Aerospace & Defense Inc specializes in providing engineering and vertically integrated manufacturing solutions for space and defense technology companies. The company builds complex hardware for extreme operating environments, combining deep material science and IP-enabled process expertise with the ability to enable rapid prototyping, enhance new product development, and responsively scale production. The majority of the company's revenue is derived from the sales of Defense Aviation and Airborne Systems, followed by Space and Launch Systems, C5ISR and Precision Strike Systems.
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