Alto IngredientsALTO +4.22%38 Net Current Asset Value is $0.28 as of Mar. 2026, which is 97% below its 10-year median of 8.87. GuruFocus rates ALTO with a GF Score™ of 38/100 and a GF Value™ of $1.44 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 947 Chemicals companies, Alto Ingredients ranks worse than 81.31% 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).
Alto Ingredients's net current asset value per share for the quarter that ended in Mar. 2026 was $0.28.
The historical rank and industry rank for Alto Ingredients's Net Current Asset Value or its related term are showing as below:
ALTO'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.59 Med: 8.87 Max: 63.14
Current: 18.54
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Alto Ingredients was 63.14. The lowest was 2.59. And the median was 8.87.
ALTO's Price-to-Net-Current-Asset-Value is ranked worse than 81.31% of 947
companies
in the Chemicals industry
Industry Median: 5.18
vs ALTO: 18.54
Alto Ingredients (NAS:ALTO) 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.
Alto Ingredients Net Current Asset Value Related Terms
Alto Ingredients Net Current Asset Value Historical Data
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The historical data trend for Alto Ingredients'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.
ALTO vs OEC, MATV, GEVO: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Alto Ingredients'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.
Alto Ingredients Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Alto Ingredients's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Alto Ingredients'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 $0.28 mean?
Alto Ingredients (ALTO) has a Net Current Asset Value of $0.28 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 Alto Ingredients and its competitors. This is 97% below median its historical median of 8.87. Over the past decade, Alto Ingredients' Net Current Asset Value has ranged from 2.59 to 63.14. According to the industry distribution chart, Alto Ingredients ranks #770 out of 947 companies in the Chemicals industry, placing it in the top 81.3%.
Is Alto Ingredients' Net Current Asset Value too high?
Alto Ingredients' current Net Current Asset Value of $0.28 is 97% below median its 10-year median of 8.87. Over the past 10 years, this metric has ranged from a low of 2.59 to a high of 63.14. The Chemicals industry median Net Current Asset Value is 5.18. Alto Ingredients' value of $0.28 is 94.6% below this industry median. Based on the distribution chart, Alto Ingredients ranks #770 out of 947 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Alto Ingredients has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alto Ingredients' Net Current Asset Value compare to OEC and MATV?
According to the Chemicals industry distribution chart, Alto Ingredients ranks #770 out of 947 companies for Net Current Asset Value. This places Alto Ingredients in the lower half of its industry. The industry median Net Current Asset Value is 5.18. Alto Ingredients' value of $0.28 is 94.6% below this benchmark. Historically, Alto Ingredients' own Net Current Asset Value has ranged from 2.59 to 63.14 over the past decade. While the company's 10-year median is 8.87 vs. the industry median of 5.18, Alto Ingredients 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 Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.18, based on 947 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. Alto Ingredients's current Net Current Asset Value of $0.28 is 94.6% 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 Alto Ingredients and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alto Ingredients's current Net Current Asset Value is $0.28, which is 97% below median its own 10-year median of 8.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alto Ingredients stock overvalued right now?
Based on GuruFocus' analysis, Alto Ingredients (ALTO) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.44, compared to a current price of $5.19 — trading 260.4% above its estimated fair value. The current Net Current Asset Value is $0.28, which is 97% below median its 10-year median of 8.87 and 94.6% below the Chemicals industry median of 5.18. Alto Ingredients' overall GF Score™ is 38/100 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 Alto Ingredients (ALTO), the current Net Current Asset Value is $0.28 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 Alto Ingredients (ALTO) Overvalued in 2026?
Based on GuruFocus' analysis, Alto Ingredients stock appears to be overvalued.
The current stock price of $5.19 is trading 260.4% above its estimated GF Value™ of $1.44.
GuruFocus considers Alto Ingredients to be Significantly Overvalued.
Key valuation signals for ALTO:
Net Current Asset Value: $0.28 (97% below median its 10-year median of 8.87)
GF Value™: $1.44 vs. price of $5.19 (260.4% above fair value)
Industry Position: 94.6% below the Chemicals median (#770 of 947)
No single metric tells the full story. See the ALTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alto Ingredients Inc is a producer and distributor of specialty alcohols, renewable fuels and essential ingredients in the United States. The company serves five markets: Health, Home and Beauty, Food and Beverage, Essential Ingredients, and Renewable Fuels. Its customers include food and beverage companies and consumer products manufacturers and distributors. The company operates under three segments: Marketing and distribution, Pekin Campus production, and Western production.
38GF Score
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