AbCellera BiologicsABCL +10.81%59 Net Current Asset Value is $0.97 as of Mar. 2026, which is 72% below its 10-year median of 3.43. GuruFocus rates ABCL with a GF Score™ of 59/100 and a GF Value™ of $5.62 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 946 Biotechnology companies, AbCellera Biologics ranks worse than 66.7% 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).
AbCellera Biologics's net current asset value per share for the quarter that ended in Mar. 2026 was $0.97.
The historical rank and industry rank for AbCellera Biologics's Net Current Asset Value or its related term are showing as below:
ABCL'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.49 Med: 3.43 Max: 16.98
Current: 7.61
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of AbCellera Biologics was 16.98. The lowest was 1.49. And the median was 3.43.
ABCL's Price-to-Net-Current-Asset-Value is ranked worse than 66.7% of 946
companies
in the Biotechnology industry
Industry Median: 4.72
vs ABCL: 7.61
AbCellera Biologics (NAS:ABCL) 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.
AbCellera Biologics Net Current Asset Value Related Terms
AbCellera Biologics Net Current Asset Value Historical Data
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The historical data trend for AbCellera Biologics'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.
ABCL vs SRPT, RAPP, RXRX: Net Current Asset Value Comparison
For the Biotechnology subindustry, AbCellera Biologics'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.
AbCellera Biologics Price-to-Net-Current-Asset-Value vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, AbCellera Biologics's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where AbCellera Biologics'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 $0.97 mean?
AbCellera Biologics (ABCL) has a Net Current Asset Value of $0.97 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 AbCellera Biologics and its competitors. This is 72% below median its historical median of 3.43. Over the past decade, AbCellera Biologics' Net Current Asset Value has ranged from 1.49 to 16.98. According to the industry distribution chart, AbCellera Biologics ranks #631 out of 946 companies in the Biotechnology industry, placing it in the top 66.7%.
Is AbCellera Biologics' Net Current Asset Value too high?
AbCellera Biologics' current Net Current Asset Value of $0.97 is 72% below median its 10-year median of 3.43. Over the past 10 years, this metric has ranged from a low of 1.49 to a high of 16.98. The Biotechnology industry median Net Current Asset Value is 4.72. AbCellera Biologics' value of $0.97 is 79.4% below this industry median. Based on the distribution chart, AbCellera Biologics ranks #631 out of 946 companies in the Biotechnology industry, which is below the industry midpoint. Overall, AbCellera Biologics has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AbCellera Biologics' Net Current Asset Value compare to SRPT and RAPP?
According to the Biotechnology industry distribution chart, AbCellera Biologics ranks #631 out of 946 companies for Net Current Asset Value. This places AbCellera Biologics in the lower half of its industry. The industry median Net Current Asset Value is 4.72. AbCellera Biologics' value of $0.97 is 79.4% below this benchmark. Historically, AbCellera Biologics' own Net Current Asset Value has ranged from 1.49 to 16.98 over the past decade. While the company's 10-year median is 3.43 vs. the industry median of 4.72, AbCellera Biologics has consistently been below 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 a Biotechnology company?
The median Net Current Asset Value among Biotechnology companies is 4.72, based on 946 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. AbCellera Biologics's current Net Current Asset Value of $0.97 is 79.4% below 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 AbCellera Biologics and its competitors. For the Biotechnology industry, the median Net Current Asset Value is 4.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AbCellera Biologics's current Net Current Asset Value is $0.97, which is 72% below median its own 10-year median of 3.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AbCellera Biologics stock overvalued right now?
Based on GuruFocus' analysis, AbCellera Biologics (ABCL) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.62, compared to a current price of $7.38 — trading 31.3% above its estimated fair value. The current Net Current Asset Value is $0.97, which is 72% below median its 10-year median of 3.43 and 79.4% below the Biotechnology industry median of 4.72. AbCellera Biologics' overall GF Score™ is 59/100 with 5 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 AbCellera Biologics (ABCL), the current Net Current Asset Value is $0.97 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 AbCellera Biologics (ABCL) Overvalued in 2026?
Based on GuruFocus' analysis, AbCellera Biologics stock appears to be overvalued.
The current stock price of $7.38 is trading 31.3% above its estimated GF Value™ of $5.62.
GuruFocus considers AbCellera Biologics to be Significantly Overvalued.
Key valuation signals for ABCL:
Net Current Asset Value: $0.97 (72% below median its 10-year median of 3.43)
GF Value™: $5.62 vs. price of $7.38 (31.3% above fair value)
Industry Position: 79.4% below the Biotechnology median (#631 of 946)
No single metric tells the full story. See the ABCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AbCellera Biologics Inc is a clinical-stage biotechnology company focused on discovering and developing first-in-class antibody medicines for indications with high unmet medical need. It has built a platform for advancing antibody drug programs that the company believes provides it with a competitive advantage in addressing challenging, high-value targets such as complex transmembrane proteins and novel modalities, including multispecifics and antibody-drug conjugates. Organisation's pipeline includes two drug candidates in clinical development, two development candidates in Investigational New Drug (IND/Clinical Trial Application (CTA)-enabling activities, and more than 20 active discovery programs across multiple modalities and indications.
59GF Score
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