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Caris Life SciencesCAI -0.89%11 Net Current Asset Value is $1.58 as of Mar. 2026, which is 92% below its 10-year median of 19.81. GuruFocus rates CAI with a GF Score™ of 11/100. The stock has 2 warning signs investors should review. Among 939 Biotechnology companies, Caris Life Sciences ranks worse than 74.12% 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).
Caris Life Sciences's net current asset value per share for the quarter that ended in Mar. 2026 was $1.58.
The historical rank and industry rank for Caris Life Sciences's Net Current Asset Value or its related term are showing as below:
CAI'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 9.83 Med: 19.81 Max: 24.59
Current: 9.83
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Caris Life Sciences was 24.59. The lowest was 9.83. And the median was 19.81.
CAI's Price-to-Net-Current-Asset-Value is ranked worse than 74.12% of 939
companies
in the Biotechnology industry
Industry Median: 4.67
vs CAI: 9.83
Caris Life Sciences (NAS:CAI) 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.
Caris Life Sciences Net Current Asset Value Related Terms
Caris Life Sciences Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Caris Life Sciences'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.
CAI vs DNTH, MANE, TNGX: Net Current Asset Value Comparison
For the Biotechnology subindustry, Caris Life Sciences'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.
Caris Life Sciences Price-to-Net-Current-Asset-Value vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Caris Life Sciences's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Caris Life Sciences'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 $1.58 mean?
Caris Life Sciences (CAI) has a Net Current Asset Value of $1.58 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 Caris Life Sciences and its competitors. This is 92% below median its historical median of 19.81. Over the past decade, Caris Life Sciences' Net Current Asset Value has ranged from 9.83 to 24.59. According to the industry distribution chart, Caris Life Sciences ranks #696 out of 939 companies in the Biotechnology industry, placing it in the top 74.1%.
Is Caris Life Sciences' Net Current Asset Value too high?
Caris Life Sciences' current Net Current Asset Value of $1.58 is 92% below median its 10-year median of 19.81. Over the past 10 years, this metric has ranged from a low of 9.83 to a high of 24.59. The Biotechnology industry median Net Current Asset Value is 4.67. Caris Life Sciences' value of $1.58 is 66.2% below this industry median. Based on the distribution chart, Caris Life Sciences ranks #696 out of 939 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Caris Life Sciences has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Caris Life Sciences' Net Current Asset Value compare to DNTH and MANE?
According to the Biotechnology industry distribution chart, Caris Life Sciences ranks #696 out of 939 companies for Net Current Asset Value. This places Caris Life Sciences in the lower half of its industry. The industry median Net Current Asset Value is 4.67. Caris Life Sciences' value of $1.58 is 66.2% below this benchmark. Historically, Caris Life Sciences' own Net Current Asset Value has ranged from 9.83 to 24.59 over the past decade. While the company's 10-year median is 19.81 vs. the industry median of 4.67, Caris Life Sciences 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 Biotechnology company?
The median Net Current Asset Value among Biotechnology companies is 4.67, based on 939 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. Caris Life Sciences's current Net Current Asset Value of $1.58 is 66.2% 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 Caris Life Sciences and its competitors. For the Biotechnology industry, the median Net Current Asset Value is 4.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caris Life Sciences's current Net Current Asset Value is $1.58, which is 92% below median its own 10-year median of 19.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caris Life Sciences stock overvalued right now?
Caris Life Sciences (CAI) has a current Net Current Asset Value of $1.58. The current Net Current Asset Value is $1.58, which is 92% below median its 10-year median of 19.81 and 66.2% below the Biotechnology industry median of 4.67. Caris Life Sciences' overall GF Score™ is 11/100 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 Caris Life Sciences (CAI), the current Net Current Asset Value is $1.58 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.
Caris Life Sciences Inc is a patient-centric, next-generation AI TechBio company. It develop and commercialize solutions to transform healthcare through the use of comprehensive molecular information and artificial intelligence/machine learning algorithms at scale.
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