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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).
The historical rank and industry rank for Paras Defence And Space Technologies's Net Current Asset Value or its related term are showing as below:
BOM:543367'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 8.83 Med: 11.59 Max: 23.99
Current: 23.99
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Paras Defence And Space Technologies was 23.99. The lowest was 8.83. And the median was 11.59.
BOM:543367's Price-to-Net-Current-Asset-Value is ranked worse than 82.18% of 202
companies
in the Aerospace & Defense industry
Industry Median: 8.4
vs BOM:543367: 23.99
Paras Defence And Space Technologies (BOM:543367) 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.
Paras Defence And Space Technologies Net Current Asset Value Related Terms
Paras Defence And Space Technologies 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.
Paras Defence And Space Technologies Net Current Asset Value Chart
BOM:543367 vs SPCX, GE, RTX: Net Current Asset Value Comparison
For the Aerospace & Defense subindustry, Paras Defence And Space Technologies'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.
Paras Defence And Space Technologies Price-to-Net-Current-Asset-Value vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Paras Defence And Space Technologies's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Paras Defence And Space Technologies'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 ₹0.00 mean?
Paras Defence And Space Technologies (BOM:543367) has a Net Current Asset Value of ₹0.00 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Paras Defence And Space Technologies and its competitors. Over the past decade, Paras Defence And Space Technologies' Net Current Asset Value has ranged from 8.83 to 23.99. According to the industry distribution chart, Paras Defence And Space Technologies ranks #166 out of 202 companies in the Aerospace & Defense industry, placing it in the top 82.2%.
Is Paras Defence And Space Technologies' Net Current Asset Value too high?
Paras Defence And Space Technologies' current Net Current Asset Value is ₹0.00. Over the past 10 years, this metric has ranged from a low of 8.83 to a high of 23.99. Based on the distribution chart, Paras Defence And Space Technologies ranks #166 out of 202 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Paras Defence And Space Technologies has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Paras Defence And Space Technologies' Net Current Asset Value compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Paras Defence And Space Technologies ranks #166 out of 202 companies for Net Current Asset Value. This places Paras Defence And Space Technologies in the lower half of its industry. The industry median Net Current Asset Value is 8.40. Historically, Paras Defence And Space Technologies' own Net Current Asset Value has ranged from 8.83 to 23.99 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 an Aerospace & Defense company?
The median Net Current Asset Value among Aerospace & Defense companies is 8.40, based on 202 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 Paras Defence And Space Technologies and its competitors. For the Aerospace & Defense industry, the median Net Current Asset Value is 8.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paras Defence And Space Technologies's current Net Current Asset Value is ₹0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paras Defence And Space Technologies stock overvalued right now?
Based on GuruFocus' analysis, Paras Defence And Space Technologies (BOM:543367) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹897.46, compared to a current price of ₹1,341.50 — trading 49.5% above its estimated fair value. The current Net Current Asset Value is ₹0.00. Paras Defence And Space Technologies' overall GF Score™ is 82/100 with 6 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 Paras Defence And Space Technologies (BOM:543367), the current Net Current Asset Value is ₹0.00 as of Jun. 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 Paras Defence And Space Technologies (BOM:543367) Overvalued in 2026?
Based on GuruFocus' analysis, Paras Defence And Space Technologies stock appears to be overvalued.
The current stock price of ₹1,341.50 is trading 49.5% above its estimated GF Value™ of ₹897.46.
GuruFocus considers Paras Defence And Space Technologies to be Significantly Overvalued.
Key valuation signals for BOM:543367:
Net Current Asset Value: ₹0.00
GF Value™: ₹897.46 vs. price of ₹1,341.50 (49.5% above fair value)
No single metric tells the full story. See the BOM:543367 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Paras Defence And Space Technologies Ltd is engaged in the designing, developing, manufacturing, and testing of various defense and space engineering products and solutions. The company's product portfolio includes lens barrels, rugged networking and communication equipment, multifold lenses, metal mirrors, submarine winches, and mill grade control systems among others. Its operating segments are; Optics & Optronic Systems; and Defence Engineering. The maximum revenue for the company is derived from its Optics and Optronic Systems segment. Geographically, the firm generates a majority of its revenue from its customers within India and the rest from outside India through exports.
82GF Score
Get the complete analysis for BOM:543367
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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