Comfort Systems USAFIX +5.09%85 Net Current Asset Value is $10.73 as of Mar. 2026, which is 78% below its 10-year median of 49.29. GuruFocus rates FIX with a GF Score™ of 85/100 and a GF Value™ of $667.04 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,054 Construction companies, Comfort Systems USA ranks worse than 98.77% 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).
Comfort Systems USA's net current asset value per share for the quarter that ended in Mar. 2026 was $10.73.
The historical rank and industry rank for Comfort Systems USA's Net Current Asset Value or its related term are showing as below:
FIX'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 14.8 Med: 49.29 Max: 1855
Current: 181.61
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Comfort Systems USA was 1855.00. The lowest was 14.80. And the median was 49.29.
FIX's Price-to-Net-Current-Asset-Value is ranked worse than 98.77% of 1054
companies
in the Construction industry
Industry Median: 3.185
vs FIX: 181.61
Comfort Systems USA (NYSE:FIX) 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.
Comfort Systems USA Net Current Asset Value Related Terms
Comfort Systems USA Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Comfort Systems USA'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.
FIX vs EME, MTZ, PWR: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Comfort Systems USA'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.
Comfort Systems USA Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Comfort Systems USA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Comfort Systems USA'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 $10.73 mean?
Comfort Systems USA (FIX) has a Net Current Asset Value of $10.73 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 Comfort Systems USA and its competitors. This is 78% below median its historical median of 49.29. Over the past decade, Comfort Systems USA's Net Current Asset Value has ranged from 14.80 to 1,855.00. According to the industry distribution chart, Comfort Systems USA ranks #1041 out of 1054 companies in the Construction industry, placing it in the top 98.8%.
Is Comfort Systems USA's Net Current Asset Value too high?
Comfort Systems USA's current Net Current Asset Value of $10.73 is 78% below median its 10-year median of 49.29. Over the past 10 years, this metric has ranged from a low of 14.80 to a high of 1,855.00. The Construction industry median Net Current Asset Value is 3.19. Comfort Systems USA's value of $10.73 is 236.9% above this industry median. Based on the distribution chart, Comfort Systems USA ranks #1041 out of 1054 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Comfort Systems USA has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Comfort Systems USA's Net Current Asset Value compare to EME and MTZ?
According to the Construction industry distribution chart, Comfort Systems USA ranks #1041 out of 1054 companies for Net Current Asset Value. This places Comfort Systems USA in the lower half of its industry. The industry median Net Current Asset Value is 3.19. Comfort Systems USA's value of $10.73 is 236.9% above this benchmark. Historically, Comfort Systems USA's own Net Current Asset Value has ranged from 14.80 to 1,855.00 over the past decade. While the company's 10-year median is 49.29 vs. the industry median of 3.19, Comfort Systems USA 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.19, based on 1,054 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. Comfort Systems USA's current Net Current Asset Value of $10.73 is 236.9% 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 Comfort Systems USA and its competitors. For the Construction industry, the median Net Current Asset Value is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Comfort Systems USA's current Net Current Asset Value is $10.73, which is 78% below median its own 10-year median of 49.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comfort Systems USA stock overvalued right now?
Based on GuruFocus' analysis, Comfort Systems USA (FIX) is currently considered Significantly Overvalued. The stock's GF Value™ is $667.04, compared to a current price of $1,948.69 — trading 192.1% above its estimated fair value. The current Net Current Asset Value is $10.73, which is 78% below median its 10-year median of 49.29 and 236.9% above the Construction industry median of 3.19. Comfort Systems USA's overall GF Score™ is 85/100 with 5 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 Comfort Systems USA (FIX), the current Net Current Asset Value is $10.73 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 Comfort Systems USA (FIX) Overvalued in 2026?
Based on GuruFocus' analysis, Comfort Systems USA stock appears to be overvalued.
The current stock price of $1,948.69 is trading 192.1% above its estimated GF Value™ of $667.04.
GuruFocus considers Comfort Systems USA to be Significantly Overvalued.
Key valuation signals for FIX:
Net Current Asset Value: $10.73 (78% below median its 10-year median of 49.29)
GF Value™: $667.04 vs. price of $1,948.69 (192.1% above fair value)
Industry Position: 236.9% above the Construction median (#1041 of 1054)
No single metric tells the full story. See the FIX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Comfort Systems USA Inc provides comprehensive mechanical contracting services, including heating, ventilation, & air conditioning, or HVAC; plumbing; piping & controls; construction; and other electrical components. Projects are mainly for commercial, industrial, & institutional buildings, & tend to be geared toward HVAC. Revenue is roughly split between installation services for newly constructed facilities & maintenance services for existing buildings. The company installs & repairs products and systems throughout the United States. It operates in two segments, Mechanical services & Electrical services, the majority is from the Mechanical services segment.
85GF 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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