Bytes Technology GroupBYITY -7.06%66 Net Current Asset Value is $0.17 as of Feb. 2026, which is 100% below its 10-year median of 56.26. GuruFocus rates BYITY with a GF Score™ of 66/100 and a GF Value™ of $14.00 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,752 Software companies, Bytes Technology Group ranks worse than 95.78% 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).
Bytes Technology Group's net current asset value per share for the quarter that ended in Feb. 2026 was $0.17.
The historical rank and industry rank for Bytes Technology Group's Net Current Asset Value or its related term are showing as below:
BYITY'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 29.96 Med: 56.26 Max: 99.9
Current: 61.75
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of Bytes Technology Group was 99.90. The lowest was 29.96. And the median was 56.26.
BYITY's Price-to-Net-Current-Asset-Value is ranked worse than 95.78% of 1752
companies
in the Software industry
Industry Median: 4.725
vs BYITY: 61.75
Bytes Technology Group (OTCPK:BYITY) 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.
Bytes Technology Group Net Current Asset Value Related Terms
Bytes Technology Group Net Current Asset Value Historical Data
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The historical data trend for Bytes Technology Group'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.
Bytes Technology Group Net Current Asset Value Chart
BYITY vs MSFT, ORCL, PLTR: Net Current Asset Value Comparison
For the Software - Infrastructure subindustry, Bytes Technology Group'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.
Bytes Technology Group Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Bytes Technology Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Bytes Technology Group'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 $0.17 mean?
Bytes Technology Group (BYITY) has a Net Current Asset Value of $0.17 as of Feb. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Bytes Technology Group and its competitors. This is 100% below median its historical median of 56.26. Over the past decade, Bytes Technology Group's Net Current Asset Value has ranged from 29.96 to 99.90. According to the industry distribution chart, Bytes Technology Group ranks #1678 out of 1752 companies in the Software industry, placing it in the top 95.8%.
Is Bytes Technology Group's Net Current Asset Value too high?
Bytes Technology Group's current Net Current Asset Value of $0.17 is 100% below median its 10-year median of 56.26. Over the past 10 years, this metric has ranged from a low of 29.96 to a high of 99.90. The Software industry median Net Current Asset Value is 4.73. Bytes Technology Group's value of $0.17 is 96.4% below this industry median. Based on the distribution chart, Bytes Technology Group ranks #1678 out of 1752 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Bytes Technology Group has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bytes Technology Group's Net Current Asset Value compare to MSFT and ORCL?
According to the Software industry distribution chart, Bytes Technology Group ranks #1678 out of 1752 companies for Net Current Asset Value. This places Bytes Technology Group in the lower half of its industry. The industry median Net Current Asset Value is 4.73. Bytes Technology Group's value of $0.17 is 96.4% below this benchmark. Historically, Bytes Technology Group's own Net Current Asset Value has ranged from 29.96 to 99.90 over the past decade. While the company's 10-year median is 56.26 vs. the industry median of 4.73, Bytes Technology Group 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 Software company?
The median Net Current Asset Value among Software companies is 4.73, based on 1,752 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. Bytes Technology Group's current Net Current Asset Value of $0.17 is 96.4% 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 Bytes Technology Group and its competitors. For the Software industry, the median Net Current Asset Value is 4.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bytes Technology Group's current Net Current Asset Value is $0.17, which is 100% below median its own 10-year median of 56.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bytes Technology Group stock overvalued right now?
Based on GuruFocus' analysis, Bytes Technology Group (BYITY) is currently considered Modestly Undervalued. The stock's GF Value™ is $14.00, compared to a current price of $9.88 — trading 29.4% below its estimated fair value. The current Net Current Asset Value is $0.17, which is 100% below median its 10-year median of 56.26 and 96.4% below the Software industry median of 4.73. Bytes Technology Group's overall GF Score™ is 66/100 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 Bytes Technology Group (BYITY), the current Net Current Asset Value is $0.17 as of Feb. 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 Bytes Technology Group (BYITY) Overvalued in 2026?
Based on GuruFocus' analysis, Bytes Technology Group stock appears to be undervalued.
The current stock price of $9.88 is trading 29.4% below its estimated GF Value™ of $14.00.
GuruFocus considers Bytes Technology Group to be Modestly Undervalued.
Key valuation signals for BYITY:
Net Current Asset Value: $0.17 (100% below median its 10-year median of 56.26)
GF Value™: $14.00 vs. price of $9.88 (29.4% below fair value)
Industry Position: 96.4% below the Software median (#1678 of 1752)
No single metric tells the full story. See the BYITY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bytes Technology Group PLC is one of the UK's heading providers of IT software offerings and solutions, with a focus on cloud and security products. The Group enables effective and cost-efficient technology sourcing, adoption and management across software services, including in the areas of security and cloud. The company has only one reportable segment. The company's products are Software, Hardware, Services internal, and Services external. The company has presence in United Kingdom, Europe, Rest of world. The company generates majority of revenue from United Kingdom.
66GF Score
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