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American WellAMWL +0.17%50 Net Current Asset Value is $9.38 as of Jun. 2026. GuruFocus rates AMWL with a GF Score™ of 50/100 and a GF Value™ of $6.42 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 276 Healthcare Providers & Services companies, American Well ranks better than 88.04% 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).
American Well's net current asset value per share for the quarter that ended in Jun. 2026 was $9.38.
The historical rank and industry rank for American Well's Net Current Asset Value or its related term are showing as below:
AMWL'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.41 Med: 1.43 Max: 6.91
Current: 1.27
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of American Well was 6.91. The lowest was 0.41. And the median was 1.43.
AMWL's Price-to-Net-Current-Asset-Value is ranked better than 88.04% of 276
companies
in the Healthcare Providers & Services industry
Industry Median: 6.5
vs AMWL: 1.27
American Well (NYSE:AMWL) 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.
American Well Net Current Asset Value Related Terms
American Well Net Current Asset Value Historical Data
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The historical data trend for American Well'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.
AMWL vs LFMD, SY, HCAT: Net Current Asset Value Comparison
For the Health Information Services subindustry, American Well'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.
American Well Price-to-Net-Current-Asset-Value vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, American Well's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where American Well'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 $9.38 mean?
American Well (AMWL) has a Net Current Asset Value of $9.38 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on American Well and its competitors. According to the industry distribution chart, American Well ranks #33 out of 276 companies in the Healthcare Providers & Services industry, placing it in the top 12%.
Is American Well's Net Current Asset Value too high?
American Well's current Net Current Asset Value is $9.38. The Healthcare Providers & Services industry median Net Current Asset Value is 6.50. American Well's value of $9.38 is 44.3% above this industry median. Based on the distribution chart, American Well ranks #33 out of 276 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, American Well has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does American Well's Net Current Asset Value compare to LFMD and SY?
According to the Healthcare Providers & Services industry distribution chart, American Well ranks #33 out of 276 companies for Net Current Asset Value. This places American Well in the top 12% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 6.50. American Well's value of $9.38 is 44.3% above this benchmark. 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 Healthcare Providers & Services company?
The median Net Current Asset Value among Healthcare Providers & Services companies is 6.50, based on 276 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. American Well's current Net Current Asset Value of $9.38 is 44.3% 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 American Well and its competitors. For the Healthcare Providers & Services industry, the median Net Current Asset Value is 6.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Well's current Net Current Asset Value is $9.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Well stock overvalued right now?
Based on GuruFocus' analysis, American Well (AMWL) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.42, compared to a current price of $11.92 — trading 85.7% above its estimated fair value. The current Net Current Asset Value is $9.38 and 44.3% above the Healthcare Providers & Services industry median of 6.50. American Well's overall GF Score™ is 50/100 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 American Well (AMWL), the current Net Current Asset Value is $9.38 as of Jun. 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 American Well (AMWL) Overvalued in 2026?
Based on GuruFocus' analysis, American Well stock appears to be overvalued.
The current stock price of $11.92 is trading 85.7% above its estimated GF Value™ of $6.42.
GuruFocus considers American Well to be Significantly Overvalued.
Key valuation signals for AMWL:
Net Current Asset Value: $9.38
GF Value™: $6.42 vs. price of $11.92 (85.7% above fair value)
Industry Position: 44.3% above the Healthcare Providers & Services median (#33 of 276)
No single metric tells the full story. See the AMWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
American Well Corp is an enterprise platform and software company digitally enabling hybrid care by offering payers and health systems a technology-enabled care platform. The Amwell Platform, its cloud-based enablement platform, digitally enables a scalable healthcare experience across all care settings by enabling critical services like virtual primary care, urgent care, clinical partner programs, scheduling visits, etc. Additionally, the healthcare providers can use the platform to access familiar workflows for taking notes, prescribing, referencing clinical treatment guidelines, and other related activities. The firm also offers various paid services, including licensed clinical staffing, implementation support, workflow design, etc, to help clients execute their hybrid care strategies.
50GF Score
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