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Cirrus LogicCRUS +1.29%80 Net Current Asset Value is $21.19 as of Mar. 2026, which is 185% above its 10-year median of 7.44. GuruFocus rates CRUS with a GF Score™ of 80/100 and a GF Value™ of $116.88 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 719 Semiconductors companies, Cirrus Logic ranks better than 59.53% 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).
Cirrus Logic's net current asset value per share for the quarter that ended in Mar. 2026 was $21.19.
The historical rank and industry rank for Cirrus Logic's Net Current Asset Value or its related term are showing as below:
CRUS'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.01 Med: 7.44 Max: 15.17
Current: 6.56
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Cirrus Logic was 15.17. The lowest was 6.01. And the median was 7.44.
CRUS's Price-to-Net-Current-Asset-Value is ranked better than 59.53% of 719
companies
in the Semiconductors industry
Industry Median: 8.4
vs CRUS: 6.56
Cirrus Logic (NAS:CRUS) 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.
Cirrus Logic Net Current Asset Value Related Terms
Cirrus Logic Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Cirrus Logic'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.
CRUS vs SLAB, VSH, QRVO: Net Current Asset Value Comparison
For the Semiconductors subindustry, Cirrus Logic'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.
Cirrus Logic Price-to-Net-Current-Asset-Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Cirrus Logic's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Cirrus Logic'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 $21.19 mean?
Cirrus Logic (CRUS) has a Net Current Asset Value of $21.19 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 Cirrus Logic and its competitors. This is 185% above median its historical median of 7.44. Over the past decade, Cirrus Logic's Net Current Asset Value has ranged from 6.01 to 15.17. According to the industry distribution chart, Cirrus Logic ranks #291 out of 719 companies in the Semiconductors industry, placing it in the top 40.5%.
Is Cirrus Logic's Net Current Asset Value too high?
Cirrus Logic's current Net Current Asset Value of $21.19 is 185% above median its 10-year median of 7.44. Over the past 10 years, this metric has ranged from a low of 6.01 to a high of 15.17. The Semiconductors industry median Net Current Asset Value is 8.40. Cirrus Logic's value of $21.19 is 152.3% above this industry median. Based on the distribution chart, Cirrus Logic ranks #291 out of 719 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Cirrus Logic has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cirrus Logic's Net Current Asset Value compare to SLAB and VSH?
According to the Semiconductors industry distribution chart, Cirrus Logic ranks #291 out of 719 companies for Net Current Asset Value. This puts Cirrus Logic in the upper half of its industry. The industry median Net Current Asset Value is 8.40. Cirrus Logic's value of $21.19 is 152.3% above this benchmark. Historically, Cirrus Logic's own Net Current Asset Value has ranged from 6.01 to 15.17 over the past decade. While the company's 10-year median is 7.44 vs. the industry median of 8.40, Cirrus Logic has consistently been above 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 Semiconductors company?
The median Net Current Asset Value among Semiconductors companies is 8.40, based on 719 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. Cirrus Logic's current Net Current Asset Value of $21.19 is 152.3% above 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 Cirrus Logic and its competitors. For the Semiconductors industry, the median Net Current Asset Value is 8.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cirrus Logic's current Net Current Asset Value is $21.19, which is 185% above median its own 10-year median of 7.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cirrus Logic stock overvalued right now?
Based on GuruFocus' analysis, Cirrus Logic (CRUS) is currently considered Modestly Overvalued. The stock's GF Value™ is $116.88, compared to a current price of $138.96 — trading 18.9% above its estimated fair value. The current Net Current Asset Value is $21.19, which is 185% above median its 10-year median of 7.44 and 152.3% above the Semiconductors industry median of 8.40. Cirrus Logic's overall GF Score™ is 80/100 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 Cirrus Logic (CRUS), the current Net Current Asset Value is $21.19 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 Cirrus Logic (CRUS) Overvalued in 2026?
Based on GuruFocus' analysis, Cirrus Logic stock appears to be overvalued.
The current stock price of $138.96 is trading 18.9% above its estimated GF Value™ of $116.88.
GuruFocus considers Cirrus Logic to be Modestly Overvalued.
Key valuation signals for CRUS:
Net Current Asset Value: $21.19 (185% above median its 10-year median of 7.44)
GF Value™: $116.88 vs. price of $138.96 (18.9% above fair value)
Industry Position: 152.3% above the Semiconductors median (#291 of 719)
No single metric tells the full story. See the CRUS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cirrus Logic Inc is a supplier of low-power, low-latency, high-precision audio components that are used in a variety of applications, including smartphones, PCs, tablets, AR/VR headsets, wearables, home theater systems, automotive entertainment systems, and professional audio systems. The firm's products are organized into two streams: audio products and HPMS Products. These products include amplifiers, codecs, smart codecs, analog-to-digital converters, digital-to-analog converters, and standalone digital signal processors, Camera controllers, haptics and sensing solutions, and battery and power ICs. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, India, South Korea, and countries across the world.
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