Dycom IndustriesDY -6.96%86 Net Current Asset Value is $-43.77 as of Apr. 2026. GuruFocus rates DY with a GF Score™ of 86/100 and a GF Value™ of $267.66 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,055 Construction companies, Dycom Industries ranks worse than 94786.64% 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).
Dycom Industries's net current asset value per share for the quarter that ended in Apr. 2026 was $-43.77.
The historical rank and industry rank for Dycom Industries'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 Dycom Industries was 322.83. The lowest was 18.24. And the median was 44.29.
DY's Price-to-Net-Current-Asset-Value is not ranked *
in the Construction industry.
Industry Median: 3.25 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Dycom Industries (NYSE:DY) 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.
Dycom Industries Net Current Asset Value Related Terms
Dycom Industries Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Dycom Industries'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.
DY vs J, IESC, BLD: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Dycom Industries'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.
Dycom Industries Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Dycom Industries's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Dycom Industries'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 $-43.77 mean?
Dycom Industries (DY) has a Net Current Asset Value of $-43.77 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 Dycom Industries and its competitors. Over the past decade, Dycom Industries' Net Current Asset Value has ranged from 18.24 to 322.83. According to the industry distribution chart, Dycom Industries ranks #999999 out of 1055 companies in the Construction industry.
Is Dycom Industries' Net Current Asset Value too high?
Dycom Industries' current Net Current Asset Value is $-43.77. Over the past 10 years, this metric has ranged from a low of 18.24 to a high of 322.83. Based on the distribution chart, Dycom Industries ranks #999999 out of 1055 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Dycom Industries has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dycom Industries' Net Current Asset Value compare to J and IESC?
According to the Construction industry distribution chart, Dycom Industries ranks #999999 out of 1055 companies for Net Current Asset Value. This places Dycom Industries in the lower half of its industry. The industry median Net Current Asset Value is 3.25. Historically, Dycom Industries' own Net Current Asset Value has ranged from 18.24 to 322.83 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.25, based on 1,055 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 Dycom Industries and its competitors. For the Construction industry, the median Net Current Asset Value is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dycom Industries's current Net Current Asset Value is $-43.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dycom Industries stock overvalued right now?
Based on GuruFocus' analysis, Dycom Industries (DY) is currently considered Significantly Overvalued. The stock's GF Value™ is $267.66, compared to a current price of $437.76 — trading 63.6% above its estimated fair value. The current Net Current Asset Value is $-43.77. Dycom Industries' overall GF Score™ is 86/100 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 Dycom Industries (DY), the current Net Current Asset Value is $-43.77 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 Dycom Industries (DY) Overvalued in 2026?
Based on GuruFocus' analysis, Dycom Industries stock appears to be overvalued.
The current stock price of $437.76 is trading 63.6% above its estimated GF Value™ of $267.66.
GuruFocus considers Dycom Industries to be Significantly Overvalued.
Key valuation signals for DY:
Net Current Asset Value: $-43.77
GF Value™: $267.66 vs. price of $437.76 (63.6% above fair value)
No single metric tells the full story. See the DY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dycom Industries Inc is a provider of specialty contracting services to the telecommunications infrastructure and utility industries throughout the United States. The company has two reporting segments: Communications and Building Systems. The Communications segment provides specialty contracting services, including program management, planning; engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services for telecommunications and digital infrastructure providers. The Building Systems segment specializes in providing comprehensive building infrastructure solutions, including electrical, energy management, security, and fire safety systems for data centers and other critical facilities. The firm generates key revenue from Communications.
86GF Score
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