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 Check Point Software Technologies's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Check Point Software Technologies was 4967.00. The lowest was 60.03. And the median was 125.30.
CHKP's Price-to-Net-Current-Asset-Value is not ranked *
in the Software industry.
Industry Median: 4.79 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Check Point Software Technologies (NAS:CHKP) 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.
Check Point Software Technologies Net Current Asset Value Related Terms
Check Point Software 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.
Check Point Software Technologies Net Current Asset Value Chart
CHKP vs NTNX, DOCN, GEN: Net Current Asset Value Comparison
For the Software - Infrastructure subindustry, Check Point Software 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.
Check Point Software Technologies Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Check Point Software Technologies's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Check Point Software 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 $-13.85 mean?
Check Point Software Technologies (CHKP) has a Net Current Asset Value of $-13.85 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 Check Point Software Technologies and its competitors. Over the past decade, Check Point Software Technologies' Net Current Asset Value has ranged from 60.03 to 4,967.00. According to the industry distribution chart, Check Point Software Technologies ranks #999999 out of 1756 companies in the Software industry.
Is Check Point Software Technologies' Net Current Asset Value too high?
Check Point Software Technologies' current Net Current Asset Value is $-13.85. Over the past 10 years, this metric has ranged from a low of 60.03 to a high of 4,967.00. Based on the distribution chart, Check Point Software Technologies ranks #999999 out of 1756 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Check Point Software Technologies has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Check Point Software Technologies' Net Current Asset Value compare to NTNX and DOCN?
According to the Software industry distribution chart, Check Point Software Technologies ranks #999999 out of 1756 companies for Net Current Asset Value. This places Check Point Software Technologies in the lower half of its industry. The industry median Net Current Asset Value is 4.79. Historically, Check Point Software Technologies' own Net Current Asset Value has ranged from 60.03 to 4,967.00 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 Software company?
The median Net Current Asset Value among Software companies is 4.79, based on 1,756 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 Check Point Software Technologies and its competitors. For the Software industry, the median Net Current Asset Value is 4.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Check Point Software Technologies's current Net Current Asset Value is $-13.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Check Point Software Technologies stock overvalued right now?
Based on GuruFocus' analysis, Check Point Software Technologies (CHKP) is currently considered Significantly Undervalued. The stock's GF Value™ is $204.99, compared to a current price of $136.85 — trading 33.2% below its estimated fair value. The current Net Current Asset Value is $-13.85. Check Point Software Technologies' overall GF Score™ is 82/100 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 Check Point Software Technologies (CHKP), the current Net Current Asset Value is $-13.85 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 Check Point Software Technologies (CHKP) Overvalued in 2026?
Based on GuruFocus' analysis, Check Point Software Technologies stock appears to be undervalued.
The current stock price of $136.85 is trading 33.2% below its estimated GF Value™ of $204.99.
GuruFocus considers Check Point Software Technologies to be Significantly Undervalued.
Key valuation signals for CHKP:
Net Current Asset Value: $-13.85
GF Value™: $204.99 vs. price of $136.85 (33.2% below fair value)
No single metric tells the full story. See the CHKP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Check Point Software Technologies Business Description
Check Point Software Technologies is a pure-play cybersecurity vendor. The company offers solutions for network, endpoint, cloud, and mobile security in addition to security management. Check Point, a software specialist, sells to enterprises, businesses, and consumers. Around 50% of revenue is generated in Europe, the Middle East, and Africa, 40% from the Americas, and 10% from the Asia-Pacific region. The firm, based in Tel Aviv, Israel, was founded in 1993 and has about 5,000 employees.
82GF Score
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