Silex SystemsASX:SLX 59 Net Current Asset Value is A$0.74 as of Dec. 2025, which is 100% below its 10-year median of 5.56. GuruFocus rates ASX:SLX with a GF Score™ of 59/100 and a GF Value™ of A$8.33 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 720 Semiconductors companies, Silex Systems ranks better than 57.78% 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).
Silex Systems's net current asset value per share for the quarter that ended in Dec. 2025 was A$0.74.
The historical rank and industry rank for Silex Systems's Net Current Asset Value or its related term are showing as below:
ASX:SLX'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.71 Med: 5.56 Max: 16
Current: 7.45
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Silex Systems was 16.00. The lowest was 0.71. And the median was 5.56.
ASX:SLX's Price-to-Net-Current-Asset-Value is ranked better than 57.78% of 720
companies
in the Semiconductors industry
Industry Median: 9.075
vs ASX:SLX: 7.45
Silex Systems (ASX:SLX) 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.
Silex Systems Net Current Asset Value Related Terms
Silex Systems Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Silex Systems'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:SLX vs NVDA, AVGO, MU: Net Current Asset Value Comparison
For the Semiconductors subindustry, Silex Systems'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.
Silex Systems Price-to-Net-Current-Asset-Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Silex Systems's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Silex Systems'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$0.74 mean?
Silex Systems (ASX:SLX) has a Net Current Asset Value of A$0.74 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Silex Systems and its competitors. This is 87% below median its historical median of 5.56. Over the past decade, Silex Systems' Net Current Asset Value has ranged from 0.71 to 16.00. According to the industry distribution chart, Silex Systems ranks #304 out of 720 companies in the Semiconductors industry, placing it in the top 42.2%.
Is Silex Systems' Net Current Asset Value too high?
Silex Systems' current Net Current Asset Value of A$0.74 is 87% below median its 10-year median of 5.56. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 16.00. Based on the distribution chart, Silex Systems ranks #304 out of 720 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Silex Systems has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Silex Systems' Net Current Asset Value compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Silex Systems ranks #304 out of 720 companies for Net Current Asset Value. This puts Silex Systems in the upper half of its industry. The industry median Net Current Asset Value is 9.08. Historically, Silex Systems' own Net Current Asset Value has ranged from 0.71 to 16.00 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 Semiconductors company?
The median Net Current Asset Value among Semiconductors companies is 9.08, based on 720 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 Silex Systems and its competitors. For the Semiconductors industry, the median Net Current Asset Value is 9.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Silex Systems's current Net Current Asset Value is A$0.74, which is 87% below median its own 10-year median of 5.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Silex Systems stock overvalued right now?
Based on GuruFocus' analysis, Silex Systems (ASX:SLX) is currently considered Possible Value Trap. The stock's GF Value™ is A$8.33, compared to a current price of A$5.51 — trading 33.9% below its estimated fair value. The current Net Current Asset Value is A$0.74, which is 87% below median its 10-year median of 5.56. Silex Systems' overall GF Score™ is 59/100 with 1 warning sign 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 Silex Systems (ASX:SLX), the current Net Current Asset Value is A$0.74 as of Dec. 2025. 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 Silex Systems (ASX:SLX) Overvalued in 2026?
Based on GuruFocus' analysis, Silex Systems stock appears to be undervalued.
The current stock price of A$5.51 is trading 33.9% below its estimated GF Value™ of A$8.33.
GuruFocus considers Silex Systems to be Possible Value Trap.
Key valuation signals for ASX:SLX:
Net Current Asset Value: A$0.74 (87% below median its 10-year median of 5.56)
GF Value™: A$8.33 vs. price of A$5.51 (33.9% below fair value)
No single metric tells the full story. See the ASX:SLX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Silex Systems Ltd is an Australian research and development company. The company focused on the development of the SILEX laser uranium enrichment technology as the next-generation technology for the uranium enrichment industry. The company's operating segment includes Silex Systems; Silex USA, and Translucent. It generates maximum revenue from the Silex Systems segment.
59GF Score
Get the complete analysis for ASX:SLX
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:SLX has been successfully added to your 
