Cogent BiosciencesCOGT -0.57%25 Net Current Asset Value is $3.03 as of Mar. 2026, which is 27% below its 10-year median of 4.15. GuruFocus rates COGT with a GF Score™ of 25/100. The stock has 4 warning signs investors should review. Among 946 Biotechnology companies, Cogent Biosciences ranks worse than 78.75% 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).
Cogent Biosciences's net current asset value per share for the quarter that ended in Mar. 2026 was $3.03.
The historical rank and industry rank for Cogent Biosciences's Net Current Asset Value or its related term are showing as below:
COGT'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.71 Med: 4.15 Max: 47.87
Current: 12.7
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of Cogent Biosciences was 47.87. The lowest was 0.71. And the median was 4.15.
COGT's Price-to-Net-Current-Asset-Value is ranked worse than 78.75% of 946
companies
in the Biotechnology industry
Industry Median: 4.87
vs COGT: 12.70
Cogent Biosciences (NAS:COGT) 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.
Cogent Biosciences Net Current Asset Value Related Terms
Cogent Biosciences Net Current Asset Value Historical Data
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The historical data trend for Cogent Biosciences'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.
COGT vs SRRK, CGON, LGND: Net Current Asset Value Comparison
For the Biotechnology subindustry, Cogent Biosciences'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.
Cogent Biosciences Price-to-Net-Current-Asset-Value vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Cogent Biosciences's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Cogent Biosciences'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 $3.03 mean?
Cogent Biosciences (COGT) has a Net Current Asset Value of $3.03 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 Cogent Biosciences and its competitors. This is 27% below median its historical median of 4.15. Over the past decade, Cogent Biosciences' Net Current Asset Value has ranged from 0.71 to 47.87. According to the industry distribution chart, Cogent Biosciences ranks #745 out of 946 companies in the Biotechnology industry, placing it in the top 78.8%.
Is Cogent Biosciences' Net Current Asset Value too high?
Cogent Biosciences' current Net Current Asset Value of $3.03 is 27% below median its 10-year median of 4.15. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 47.87. The Biotechnology industry median Net Current Asset Value is 4.87. Cogent Biosciences' value of $3.03 is 37.8% below this industry median. Based on the distribution chart, Cogent Biosciences ranks #745 out of 946 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Cogent Biosciences has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Cogent Biosciences' Net Current Asset Value compare to SRRK and CGON?
According to the Biotechnology industry distribution chart, Cogent Biosciences ranks #745 out of 946 companies for Net Current Asset Value. This places Cogent Biosciences in the lower half of its industry. The industry median Net Current Asset Value is 4.87. Cogent Biosciences' value of $3.03 is 37.8% below this benchmark. Historically, Cogent Biosciences' own Net Current Asset Value has ranged from 0.71 to 47.87 over the past decade. While the company's 10-year median is 4.15 vs. the industry median of 4.87, Cogent Biosciences 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 4.87, based on 946 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. Cogent Biosciences's current Net Current Asset Value of $3.03 is 37.8% 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 Cogent Biosciences and its competitors. For the Biotechnology industry, the median Net Current Asset Value is 4.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cogent Biosciences's current Net Current Asset Value is $3.03, which is 27% below median its own 10-year median of 4.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cogent Biosciences stock overvalued right now?
Cogent Biosciences (COGT) has a current Net Current Asset Value of $3.03. The current Net Current Asset Value is $3.03, which is 27% below median its 10-year median of 4.15 and 37.8% below the Biotechnology industry median of 4.87. Cogent Biosciences' overall GF Score™ is 25/100 with 4 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 Cogent Biosciences (COGT), the current Net Current Asset Value is $3.03 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.
Cogent Biosciences Inc a biotechnology company focused on developing precision therapies for genetically defined diseases. It designs rational precision therapies that treat the underlying cause of disease and improve the lives of patients. Its program CGT9486, is a selective tyrosine kinase inhibitor designed to potently inhibit the KIT D816V mutation as well as other mutations in KIT exon 17. In the vast majority of cases, KIT D816V is responsible for driving Systemic Mastocytosis (SM), a serious disease caused by the unchecked proliferation of mast cells. Exon 17 mutations are also found in patients with advanced gastrointestinal stromal tumors (GIST), a type of cancer with dependence on oncogenic KIT signaling.
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