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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).
BOM:512018'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 17.95 Med: 49.2 Max: 420
Current: 411.5
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Tomorrow Technologies Global Innovations was 420.00. The lowest was 17.95. And the median was 49.20.
BOM:512018's Price-to-Net-Current-Asset-Value is ranked worse than 99.8% of 501
companies
in the Capital Markets industry
Industry Median: 2.69
vs BOM:512018: 411.50
Tomorrow Technologies Global Innovations (BOM:512018) 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.
Tomorrow Technologies Global Innovations Net Current Asset Value Related Terms
Tomorrow Technologies Global Innovations Net Current Asset Value Historical Data
* 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.
Tomorrow Technologies Global Innovations Net Current Asset Value Chart
Tomorrow Technologies Global Innovations Annual Data
BOM:512018 vs MS, GS, SCHW: Net Current Asset Value Comparison
For the Capital Markets subindustry, Tomorrow Technologies Global Innovations'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.
Tomorrow Technologies Global Innovations Price-to-Net-Current-Asset-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Tomorrow Technologies Global Innovations's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Tomorrow Technologies Global Innovations'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 ₹0.02 mean?
Tomorrow Technologies Global Innovations (BOM:512018) has a Net Current Asset Value of ₹0.02 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 Tomorrow Technologies Global Innovations and its competitors. This is 100% below median its historical median of 49.20. Over the past decade, Tomorrow Technologies Global Innovations' Net Current Asset Value has ranged from 17.95 to 420.00. According to the industry distribution chart, Tomorrow Technologies Global Innovations ranks #500 out of 501 companies in the Capital Markets industry, placing it in the top 99.8%.
Is Tomorrow Technologies Global Innovations' Net Current Asset Value too high?
Tomorrow Technologies Global Innovations' current Net Current Asset Value of ₹0.02 is 100% below median its 10-year median of 49.20. Over the past 10 years, this metric has ranged from a low of 17.95 to a high of 420.00. Based on the distribution chart, Tomorrow Technologies Global Innovations ranks #500 out of 501 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Tomorrow Technologies Global Innovations has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tomorrow Technologies Global Innovations' Net Current Asset Value compare to MS and GS?
According to the Capital Markets industry distribution chart, Tomorrow Technologies Global Innovations ranks #500 out of 501 companies for Net Current Asset Value. This places Tomorrow Technologies Global Innovations in the lower half of its industry. The industry median Net Current Asset Value is 2.69. Historically, Tomorrow Technologies Global Innovations' own Net Current Asset Value has ranged from 17.95 to 420.00 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 Capital Markets company?
The median Net Current Asset Value among Capital Markets companies is 2.69, based on 501 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 Tomorrow Technologies Global Innovations and its competitors. For the Capital Markets industry, the median Net Current Asset Value is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tomorrow Technologies Global Innovations's current Net Current Asset Value is ₹0.02, which is 100% below median its own 10-year median of 49.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomorrow Technologies Global Innovations stock overvalued right now?
Based on GuruFocus' analysis, Tomorrow Technologies Global Innovations (BOM:512018) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹0.32, compared to a current price of ₹8.23 — trading 2471.9% above its estimated fair value. The current Net Current Asset Value is ₹0.02, which is 100% below median its 10-year median of 49.20. Tomorrow Technologies Global Innovations' overall GF Score™ is 28/100 with 2 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 Tomorrow Technologies Global Innovations (BOM:512018), the current Net Current Asset Value is ₹0.02 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.
Is Tomorrow Technologies Global Innovations (BOM:512018) Overvalued in 2026?
Based on GuruFocus' analysis, Tomorrow Technologies Global Innovations stock appears to be overvalued.
The current stock price of ₹8.23 is trading 2471.9% above its estimated GF Value™ of ₹0.32.
GuruFocus considers Tomorrow Technologies Global Innovations to be Significantly Overvalued.
Key valuation signals for BOM:512018:
Net Current Asset Value: ₹0.02 (100% below median its 10-year median of 49.20)
GF Value™: ₹0.32 vs. price of ₹8.23 (2471.9% above fair value)
No single metric tells the full story. See the BOM:512018 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tomorrow Technologies Global Innovations Ltd has international tie-ups with overall agencies to distribute their research content to globally acclaimed investors through their research reports. The company's business segments include content sale & purchase of equity shares. It generates maximum revenue from the Equity segment.
28GF Score
Get the complete analysis for BOM:512018
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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