BFRG (Bullfrog AI Holdings) Net Current Asset Value: $0.25 (As of Mar. 2026) — 95% Below Median

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BFRG Bullfrog AI Holdings Inc BFRG
34 GF Score
Price $0.65
! 1 Warning Sign
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What is Bullfrog AI Holdings Net Current Asset Value?

Bullfrog AI Holdings BFRG +1.27% 34 Net Current Asset Value is $0.25 as of Mar. 2026, which is 95% below its 10-year median of 5.19. GuruFocus rates BFRG with a GF Score™ of 34/100. The stock has 1 warning sign investors should review. Among 271 Healthcare Providers & Services companies, Bullfrog AI Holdings ranks better than 74.91% 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).

Bullfrog AI Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was $0.25.

The historical rank and industry rank for Bullfrog AI Holdings's Net Current Asset Value or its related term are showing as below:

BFRG' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.51   Med: 5.19   Max: 8.24
Current: 2.61

During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of Bullfrog AI Holdings was 8.24. The lowest was 2.51. And the median was 5.19.

BFRG's Price-to-Net-Current-Asset-Value is ranked better than
74.91% of 271 companies
in the Healthcare Providers & Services industry
Industry Median: 5.76 vs BFRG: 2.61

Bullfrog AI Holdings  (NAS:BFRG) 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 Graham’s 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.


Bullfrog AI Holdings Net Current Asset Value Related Terms


Bullfrog AI Holdings Net Current Asset Value Historical Data

* Premium members only.

The historical data trend for Bullfrog AI Holdings'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.

Bullfrog AI Holdings Net Current Asset Value Chart

Bullfrog AI Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Current Asset Value
Get a 7-Day Free Trial -0.19 -0.54 0.42 0.54 0.17

Bullfrog AI Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.34 0.21 0.17 0.17 0.25

BFRG vs PBSV, BRGX, VYND: Net Current Asset Value Comparison

For the Health Information Services subindustry, Bullfrog AI Holdings'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.


Bullfrog AI Holdings Price-to-Net-Current-Asset-Value vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Bullfrog AI Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Bullfrog AI Holdings's Price-to-Net-Current-Asset-Value falls into.


BFRG
34GF Score
Bullfrog AI Holdings Inc BFRG
Net Current Asset Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Bullfrog AI Holdings Net Current Asset Value Calculation

Bullfrog AI Holdings's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net Current Asset Value Per Share(A: Dec. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(2.584-0.672-0-0)/11.418
=0.17

Bullfrog AI Holdings's Net Current Asset Value (NCAV) per share for the quarter that ended in Mar. 2026 is calculated as

Net Current Asset Value Per Share(Q: Mar. 2026 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(5.315-0.652-0-0)/18.447
=0.25

* 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 $0.25 mean?
Bullfrog AI Holdings (BFRG) has a Net Current Asset Value of $0.25 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 Bullfrog AI Holdings and its competitors. This is 95% below median its historical median of 5.19. Over the past decade, Bullfrog AI Holdings' Net Current Asset Value has ranged from 2.51 to 8.24. According to the industry distribution chart, Bullfrog AI Holdings ranks #68 out of 271 companies in the Healthcare Providers & Services industry, placing it in the top 25.1%.
Is Bullfrog AI Holdings' Net Current Asset Value too high?
Bullfrog AI Holdings' current Net Current Asset Value of $0.25 is 95% below median its 10-year median of 5.19. Over the past 10 years, this metric has ranged from a low of 2.51 to a high of 8.24. The Healthcare Providers & Services industry median Net Current Asset Value is 5.76. Bullfrog AI Holdings' value of $0.25 is 95.7% below this industry median. Based on the distribution chart, Bullfrog AI Holdings ranks #68 out of 271 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Bullfrog AI Holdings has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Bullfrog AI Holdings' Net Current Asset Value compare to PBSV and BRGX?
According to the Healthcare Providers & Services industry distribution chart, Bullfrog AI Holdings ranks #68 out of 271 companies for Net Current Asset Value. This puts Bullfrog AI Holdings in the upper half of its industry. The industry median Net Current Asset Value is 5.76. Bullfrog AI Holdings' value of $0.25 is 95.7% below this benchmark. Historically, Bullfrog AI Holdings' own Net Current Asset Value has ranged from 2.51 to 8.24 over the past decade. While the company's 10-year median is 5.19 vs. the industry median of 5.76, Bullfrog AI Holdings 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 Healthcare Providers & Services company?
The median Net Current Asset Value among Healthcare Providers & Services companies is 5.76, based on 271 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. Bullfrog AI Holdings's current Net Current Asset Value of $0.25 is 95.7% 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 Bullfrog AI Holdings and its competitors. For the Healthcare Providers & Services industry, the median Net Current Asset Value is 5.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bullfrog AI Holdings's current Net Current Asset Value is $0.25, which is 95% below median its own 10-year median of 5.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bullfrog AI Holdings stock overvalued right now?
Bullfrog AI Holdings (BFRG) has a current Net Current Asset Value of $0.25. The current Net Current Asset Value is $0.25, which is 95% below median its 10-year median of 5.19 and 95.7% below the Healthcare Providers & Services industry median of 5.76. Bullfrog AI Holdings' overall GF Score™ is 34/100 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 Bullfrog AI Holdings (BFRG), the current Net Current Asset Value is $0.25 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.

Bullfrog AI Holdings Business Description

Address 325 Ellington Boulevard, Unit 317, Gaithersburg, MD, USA, 20878
Bullfrog AI Holdings Inc is a clinical-phase Biotechnology company using machine learning to advance medicine and improve human health. It uses artificial intelligence and machine learning to advance medicines for both internal and external projects. The Company is focused specifically on advance artificial intelligence and machine learning (AI/ML)- driven analysis of complex datasets in medicine and healthcare. The Company's objective is to use its AI/ML platform to provide a precision-medicine approach to drug-asset enablement through external partnerships and selective internal development.
34GF Score

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