ReadCloudASX:RCL Net Current Asset Value is A$0.01 as of Mar. 2026, which is 100% below its 10-year median of 10.24. The stock has 3 warning signs investors should review. Among 1,755 Software companies, ReadCloud ranks worse than 61.08% 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).
ReadCloud's net current asset value per share for the quarter that ended in Mar. 2026 was A$0.01.
The historical rank and industry rank for ReadCloud's Net Current Asset Value or its related term are showing as below:
ASX:RCL'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.3 Med: 10.24 Max: 30.93
Current: 6.6
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of ReadCloud was 30.93. The lowest was 4.30. And the median was 10.24.
ASX:RCL's Price-to-Net-Current-Asset-Value is ranked worse than 61.08% of 1755
companies
in the Software industry
Industry Median: 4.79
vs ASX:RCL: 6.60
ReadCloud (ASX:RCL) 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.
ReadCloud Net Current Asset Value Related Terms
ReadCloud Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for ReadCloud'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.
ASX:RCL vs UBER, SHOP, CRM: Net Current Asset Value Comparison
For the Software - Application subindustry, ReadCloud'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.
ReadCloud Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, ReadCloud's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where ReadCloud'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 A$0.01 mean?
ReadCloud (ASX:RCL) has a Net Current Asset Value of A$0.01 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 ReadCloud and its competitors. This is 100% below median its historical median of 10.24. Over the past decade, ReadCloud's Net Current Asset Value has ranged from 4.30 to 30.93. According to the industry distribution chart, ReadCloud ranks #1072 out of 1755 companies in the Software industry, placing it in the top 61.1%.
Is ReadCloud's Net Current Asset Value too high?
ReadCloud's current Net Current Asset Value of A$0.01 is 100% below median its 10-year median of 10.24. Over the past 10 years, this metric has ranged from a low of 4.30 to a high of 30.93. Based on the distribution chart, ReadCloud ranks #1072 out of 1755 companies in the Software industry, which is below the industry midpoint.
How does ReadCloud's Net Current Asset Value compare to UBER and SHOP?
According to the Software industry distribution chart, ReadCloud ranks #1072 out of 1755 companies for Net Current Asset Value. This places ReadCloud in the lower half of its industry. The industry median Net Current Asset Value is 4.79. Historically, ReadCloud's own Net Current Asset Value has ranged from 4.30 to 30.93 over the past decade. 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 Software company?
The median Net Current Asset Value among Software companies is 4.79, based on 1,755 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 ReadCloud and its competitors. For the Software industry, the median Net Current Asset Value is 4.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ReadCloud's current Net Current Asset Value is A$0.01, which is 100% below median its own 10-year median of 10.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ReadCloud stock overvalued right now?
Based on GuruFocus' analysis, ReadCloud (ASX:RCL) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.10, compared to a current price of A$0.07 — trading 34% below its estimated fair value. The current Net Current Asset Value is A$0.01, which is 100% below median its 10-year median of 10.24. 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 ReadCloud (ASX:RCL), the current Net Current Asset Value is A$0.01 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.
ReadCloud Ltd is an education technology company that offers digital e-learning solutions to secondary schools. The firm operates in two segments: eBook solutions, which is the key revenue driver, and Vocational Education and Training (VET). It provides software solutions, including eBooks, to schools within Australia. In addition, it also provides digital VET course materials and services to schools through its subsidiary Australian Institute of Education and Training Unit Trust, PKY Media Pty Ltd and Ripponlea Institute Pty Ltd, which offers over 40 VET courses and services to schools across Australia.
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