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Belite BioBLTE -0.89%21 Net Current Asset Value is $12.63 as of Mar. 2026, which is 6% below its 10-year median of 13.43. GuruFocus rates BLTE with a GF Score™ of 21/100. The stock has 3 warning signs investors should review. Among 937 Biotechnology companies, Belite Bio ranks worse than 80.15% 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).
Belite Bio's net current asset value per share for the quarter that ended in Mar. 2026 was $12.63.
The historical rank and industry rank for Belite Bio's Net Current Asset Value or its related term are showing as below:
BLTE'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.18 Med: 13.43 Max: 21.99
Current: 12.61
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of Belite Bio was 21.99. The lowest was 7.18. And the median was 13.43.
BLTE's Price-to-Net-Current-Asset-Value is ranked worse than 80.15% of 937
companies
in the Biotechnology industry
Industry Median: 4.49
vs BLTE: 12.61
Belite Bio (NAS:BLTE) 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.
Belite Bio Net Current Asset Value Related Terms
Belite Bio Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Belite Bio'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.
BLTE vs CGON, LGND, XENE: Net Current Asset Value Comparison
For the Biotechnology subindustry, Belite Bio'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.
Belite Bio Price-to-Net-Current-Asset-Value vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Belite Bio's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Belite Bio'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 $12.63 mean?
Belite Bio (BLTE) has a Net Current Asset Value of $12.63 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 Belite Bio and its competitors. This is near median its historical median of 13.43. Over the past decade, Belite Bio's Net Current Asset Value has ranged from 7.18 to 21.99. According to the industry distribution chart, Belite Bio ranks #751 out of 937 companies in the Biotechnology industry, placing it in the top 80.1%.
Is Belite Bio's Net Current Asset Value too high?
Belite Bio's current Net Current Asset Value of $12.63 is near median its 10-year median of 13.43. Over the past 10 years, this metric has ranged from a low of 7.18 to a high of 21.99. The Biotechnology industry median Net Current Asset Value is 4.49. Belite Bio's value of $12.63 is 181.3% above this industry median. Based on the distribution chart, Belite Bio ranks #751 out of 937 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Belite Bio has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Belite Bio's Net Current Asset Value compare to CGON and LGND?
According to the Biotechnology industry distribution chart, Belite Bio ranks #751 out of 937 companies for Net Current Asset Value. This places Belite Bio in the lower half of its industry. The industry median Net Current Asset Value is 4.49. Belite Bio's value of $12.63 is 181.3% above this benchmark. Historically, Belite Bio's own Net Current Asset Value has ranged from 7.18 to 21.99 over the past decade. While the company's 10-year median is 13.43 vs. the industry median of 4.49, Belite Bio has consistently been above 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 Biotechnology company?
The median Net Current Asset Value among Biotechnology companies is 4.49, based on 937 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. Belite Bio's current Net Current Asset Value of $12.63 is 181.3% 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 Belite Bio and its competitors. For the Biotechnology industry, the median Net Current Asset Value is 4.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Belite Bio's current Net Current Asset Value is $12.63, which is near median its own 10-year median of 13.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belite Bio stock overvalued right now?
Belite Bio (BLTE) has a current Net Current Asset Value of $12.63. The current Net Current Asset Value is $12.63, which is near median its 10-year median of 13.43 and 181.3% above the Biotechnology industry median of 4.49. Belite Bio's overall GF Score™ is 21/100 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 Belite Bio (BLTE), the current Net Current Asset Value is $12.63 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.
Belite Bio Inc is a clinical stage biopharmaceutical drug development company focused on advancing novel therapeutics targeting degenerative retinal diseases which have unmet medical need such as Geographic Atrophy (GA), the late atrophic (dry) form of age-related macular degeneration (AMD), and Stargardt disease type 1 (STGD1). In addition to its product candidate (tinlarebant) which is intended for the treatment of GA and STGD1, its drug development pipeline also includes a small molecule, orally administered compound, LBS-009, which is intended for the treatment of metabolic diseases such as non-alcoholic fatty liver disease (NAFLD), nonalcoholic steatohepatitis (NASH), type 2 diabetes (T2D), and gout.
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