Allegro MicrosystemsALGM -4.37%73 Net Current Asset Value is $0.23 as of Mar. 2026, which is 99% below its 10-year median of 20.42. GuruFocus rates ALGM with a GF Score™ of 73/100 and a GF Value™ of $29.58 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 719 Semiconductors companies, Allegro Microsystems ranks worse than 98.89% 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).
Allegro Microsystems's net current asset value per share for the quarter that ended in Mar. 2026 was $0.23.
The historical rank and industry rank for Allegro Microsystems's Net Current Asset Value or its related term are showing as below:
ALGM'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 15.35 Med: 20.42 Max: 238.57
Current: 238.57
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Allegro Microsystems was 238.57. The lowest was 15.35. And the median was 20.42.
ALGM's Price-to-Net-Current-Asset-Value is ranked worse than 98.89% of 719
companies
in the Semiconductors industry
Industry Median: 8.91
vs ALGM: 238.57
Allegro Microsystems (NAS:ALGM) 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.
Allegro Microsystems Net Current Asset Value Related Terms
Allegro Microsystems Net Current Asset Value Historical Data
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The historical data trend for Allegro Microsystems'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.
Allegro Microsystems Net Current Asset Value Chart
ALGM vs SIMO, SWKS, RMBS: Net Current Asset Value Comparison
For the Semiconductors subindustry, Allegro Microsystems'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.
Allegro Microsystems Price-to-Net-Current-Asset-Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Allegro Microsystems's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Allegro Microsystems'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 $0.23 mean?
Allegro Microsystems (ALGM) has a Net Current Asset Value of $0.23 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 Allegro Microsystems and its competitors. This is 99% below median its historical median of 20.42. Over the past decade, Allegro Microsystems' Net Current Asset Value has ranged from 15.35 to 238.57. According to the industry distribution chart, Allegro Microsystems ranks #711 out of 719 companies in the Semiconductors industry, placing it in the top 98.9%.
Is Allegro Microsystems' Net Current Asset Value too high?
Allegro Microsystems' current Net Current Asset Value of $0.23 is 99% below median its 10-year median of 20.42. Over the past 10 years, this metric has ranged from a low of 15.35 to a high of 238.57. The Semiconductors industry median Net Current Asset Value is 8.91. Allegro Microsystems' value of $0.23 is 97.4% below this industry median. Based on the distribution chart, Allegro Microsystems ranks #711 out of 719 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Allegro Microsystems has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Allegro Microsystems' Net Current Asset Value compare to SIMO and SWKS?
According to the Semiconductors industry distribution chart, Allegro Microsystems ranks #711 out of 719 companies for Net Current Asset Value. This places Allegro Microsystems in the lower half of its industry. The industry median Net Current Asset Value is 8.91. Allegro Microsystems' value of $0.23 is 97.4% below this benchmark. Historically, Allegro Microsystems' own Net Current Asset Value has ranged from 15.35 to 238.57 over the past decade. While the company's 10-year median is 20.42 vs. the industry median of 8.91, Allegro Microsystems 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 Semiconductors company?
The median Net Current Asset Value among Semiconductors companies is 8.91, based on 719 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. Allegro Microsystems's current Net Current Asset Value of $0.23 is 97.4% 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 Allegro Microsystems and its competitors. For the Semiconductors industry, the median Net Current Asset Value is 8.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Allegro Microsystems's current Net Current Asset Value is $0.23, which is 99% below median its own 10-year median of 20.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allegro Microsystems stock overvalued right now?
Based on GuruFocus' analysis, Allegro Microsystems (ALGM) is currently considered Significantly Overvalued. The stock's GF Value™ is $29.58, compared to a current price of $54.87 — trading 85.5% above its estimated fair value. The current Net Current Asset Value is $0.23, which is 99% below median its 10-year median of 20.42 and 97.4% below the Semiconductors industry median of 8.91. Allegro Microsystems' overall GF Score™ is 73/100 with 8 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 Allegro Microsystems (ALGM), the current Net Current Asset Value is $0.23 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 Allegro Microsystems (ALGM) Overvalued in 2026?
Based on GuruFocus' analysis, Allegro Microsystems stock appears to be overvalued.
The current stock price of $54.87 is trading 85.5% above its estimated GF Value™ of $29.58.
GuruFocus considers Allegro Microsystems to be Significantly Overvalued.
Key valuation signals for ALGM:
Net Current Asset Value: $0.23 (99% below median its 10-year median of 20.42)
GF Value™: $29.58 vs. price of $54.87 (85.5% above fair value)
Industry Position: 97.4% below the Semiconductors median (#711 of 719)
No single metric tells the full story. See the ALGM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Allegro Microsystems Inc is a designer, developer, fabless manufacturer, and marketer of sensor ICs and application-specific analog power ICs for automotive and industrial markets. Its Sensor IC allows customers to precisely measure motion, speed, position, and current, and Power ICs include high-temperature and high-voltage capable motor drivers, power management, and LED driver ICs. Its products are divided into three categories: SENSE, which includes Current Sensors, Switches, and Latches, and Interface ICs among others; REGULATE, which includes Regulators, ClearPower Modules, and LED Drivers; and DRIVE, which includes BLDC Drivers, Brush DC, and others. Product-wise, the firm derives the majority of its revenue from sales of Magnetic sensors.
73GF Score
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