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).
Custom Truck One Source's net current asset value per share for the quarter that ended in Mar. 2026 was $-6.53.
The historical rank and industry rank for Custom Truck One Source's Net Current Asset Value or its related term are showing as below:
CTOS's Price-to-Net-Current-Asset-Value is not ranked *
in the Business Services industry.
Industry Median: 3.7 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Custom Truck One Source (NYSE:CTOS) 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.
Custom Truck One Source Net Current Asset Value Related Terms
Custom Truck One Source Net Current Asset Value Historical Data
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The historical data trend for Custom Truck One Source'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.
Custom Truck One Source Net Current Asset Value Chart
CTOS vs HTZ, VSTS, MGRC: Net Current Asset Value Comparison
For the Rental & Leasing Services subindustry, Custom Truck One Source'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.
Custom Truck One Source Price-to-Net-Current-Asset-Value vs Business Services Industry
For the Business Services industry and Industrials sector, Custom Truck One Source's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Custom Truck One Source'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 $-6.53 mean?
Custom Truck One Source (CTOS) has a Net Current Asset Value of $-6.53 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 Custom Truck One Source and its competitors. According to the industry distribution chart, Custom Truck One Source ranks #999999 out of 624 companies in the Business Services industry.
Is Custom Truck One Source's Net Current Asset Value too high?
Custom Truck One Source's current Net Current Asset Value is $-6.53. Based on the distribution chart, Custom Truck One Source ranks #999999 out of 624 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Custom Truck One Source has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Custom Truck One Source's Net Current Asset Value compare to HTZ and VSTS?
According to the Business Services industry distribution chart, Custom Truck One Source ranks #999999 out of 624 companies for Net Current Asset Value. This places Custom Truck One Source in the lower half of its industry. The industry median Net Current Asset Value is 3.70. 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 Business Services company?
The median Net Current Asset Value among Business Services companies is 3.70, based on 624 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 Custom Truck One Source and its competitors. For the Business Services industry, the median Net Current Asset Value is 3.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Custom Truck One Source's current Net Current Asset Value is $-6.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Custom Truck One Source stock overvalued right now?
Based on GuruFocus' analysis, Custom Truck One Source (CTOS) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.39, compared to a current price of $11.94 — trading 86.9% above its estimated fair value. The current Net Current Asset Value is $-6.53. Custom Truck One Source's overall GF Score™ is 67/100 with 9 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 Custom Truck One Source (CTOS), the current Net Current Asset Value is $-6.53 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 Custom Truck One Source (CTOS) Overvalued in 2026?
Based on GuruFocus' analysis, Custom Truck One Source stock appears to be overvalued.
The current stock price of $11.94 is trading 86.9% above its estimated GF Value™ of $6.39.
GuruFocus considers Custom Truck One Source to be Significantly Overvalued.
Key valuation signals for CTOS:
Net Current Asset Value: $-6.53
GF Value™: $6.39 vs. price of $11.94 (86.9% above fair value)
No single metric tells the full story. See the CTOS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Custom Truck One Source Inc is a one-stop-shop provider of specialty equipment in the electric utility transmission and distribution, forestry, telecom, waste management, rail, and infrastructure end-markets in North America. The company's segment includes Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS). It generates maximum revenue from the TES segment. Geographically, it derives a majority revenue from the United States.
67GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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