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Coda Octopus GroupCODA -0.98%88 Net Current Asset Value is $4.17 as of Apr. 2026, which is 55% above its 10-year median of 2.69. GuruFocus rates CODA with a GF Score™ of 88/100 and a GF Value™ of $10.17 (Fairly Valued). The stock has 1 warning sign investors should review. Among 198 Aerospace & Defense companies, Coda Octopus Group ranks better than 90.4% 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).
Coda Octopus Group's net current asset value per share for the quarter that ended in Apr. 2026 was $4.17.
The historical rank and industry rank for Coda Octopus Group's Net Current Asset Value or its related term are showing as below:
CODA'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.48 Med: 2.69 Max: 22.9
Current: 2.43
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Coda Octopus Group was 22.90. The lowest was 1.48. And the median was 2.69.
CODA's Price-to-Net-Current-Asset-Value is ranked better than 90.4% of 198
companies
in the Aerospace & Defense industry
Industry Median: 7.14
vs CODA: 2.43
Coda Octopus Group (NAS:CODA) 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.
Coda Octopus Group Net Current Asset Value Related Terms
Coda Octopus Group Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Coda Octopus 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.
CODA vs HOVR, MNTS, VWAV: Net Current Asset Value Comparison
For the Aerospace & Defense subindustry, Coda Octopus 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.
Coda Octopus Group Price-to-Net-Current-Asset-Value vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Coda Octopus Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Coda Octopus 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 $4.17 mean?
Coda Octopus Group (CODA) has a Net Current Asset Value of $4.17 as of Apr. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Coda Octopus Group and its competitors. This is 55% above median its historical median of 2.69. Over the past decade, Coda Octopus Group's Net Current Asset Value has ranged from 1.48 to 22.90. According to the industry distribution chart, Coda Octopus Group ranks #19 out of 198 companies in the Aerospace & Defense industry, placing it in the top 9.6%.
Is Coda Octopus Group's Net Current Asset Value too high?
Coda Octopus Group's current Net Current Asset Value of $4.17 is 55% above median its 10-year median of 2.69. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 22.90. The Aerospace & Defense industry median Net Current Asset Value is 7.14. Coda Octopus Group's value of $4.17 is 41.6% below this industry median. Based on the distribution chart, Coda Octopus Group ranks #19 out of 198 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Coda Octopus Group has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coda Octopus Group's Net Current Asset Value compare to HOVR and MNTS?
According to the Aerospace & Defense industry distribution chart, Coda Octopus Group ranks #19 out of 198 companies for Net Current Asset Value. This places Coda Octopus Group in the top 10% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 7.14. Coda Octopus Group's value of $4.17 is 41.6% below this benchmark. Historically, Coda Octopus Group's own Net Current Asset Value has ranged from 1.48 to 22.90 over the past decade. While the company's 10-year median is 2.69 vs. the industry median of 7.14, Coda Octopus 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 an Aerospace & Defense company?
The median Net Current Asset Value among Aerospace & Defense companies is 7.14, based on 198 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. Coda Octopus Group's current Net Current Asset Value of $4.17 is 41.6% 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 Coda Octopus Group and its competitors. For the Aerospace & Defense industry, the median Net Current Asset Value is 7.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coda Octopus Group's current Net Current Asset Value is $4.17, which is 55% above median its own 10-year median of 2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coda Octopus Group stock overvalued right now?
Based on GuruFocus' analysis, Coda Octopus Group (CODA) is currently considered Fairly Valued. The stock's GF Value™ is $10.17, compared to a current price of $10.14 — trading 0.3% below its estimated fair value. The current Net Current Asset Value is $4.17, which is 55% above median its 10-year median of 2.69 and 41.6% below the Aerospace & Defense industry median of 7.14. Coda Octopus Group's overall GF Score™ is 88/100 with 1 warning sign 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 Coda Octopus Group (CODA), the current Net Current Asset Value is $4.17 as of Apr. 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 Coda Octopus Group (CODA) Overvalued in 2026?
Based on GuruFocus' analysis, Coda Octopus Group stock appears to be undervalued.
The current stock price of $10.14 is trading 0.3% below its estimated GF Value™ of $10.17.
GuruFocus considers Coda Octopus Group to be Fairly Valued.
Key valuation signals for CODA:
Net Current Asset Value: $4.17 (55% above median its 10-year median of 2.69)
GF Value™: $10.17 vs. price of $10.14 (0.3% below fair value)
Industry Position: 41.6% below the Aerospace & Defense median (#19 of 198)
No single metric tells the full story. See the CODA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coda Octopus Group Inc develops underwater technologies and equipment for imaging, mapping defense, and survey applications. The company operates in three distinct business segments: the Marine Technology business, Acoustic Sensors and Material Business and the Defense Engineering Services Business. Its geographical segments are the Americas, Europe, Australia/Asia, and the Middle East/Africa. The majority of revenue is derived from the Products segment.
88GF Score
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