Powell IndustriesFRA:PW2 -0.79%74 Net Current Asset Value is €12.76 as of Mar. 2026, which is 100% below its 10-year median of 2.56. GuruFocus rates FRA:PW2 with a GF Score™ of 74/100 and a GF Value™ of €66.33 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,215 Industrial Products companies, Powell Industries ranks worse than 80.9% 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).
Powell Industries's net current asset value per share for the quarter that ended in Mar. 2026 was €12.76.
The historical rank and industry rank for Powell Industries's Net Current Asset Value or its related term are showing as below:
FRA:PW2'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.39 Med: 2.56 Max: 15.72
Current: 15.72
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Powell Industries was 15.72. The lowest was 1.39. And the median was 2.56.
FRA:PW2's Price-to-Net-Current-Asset-Value is ranked worse than 80.9% of 2215
companies
in the Industrial Products industry
Industry Median: 5.28
vs FRA:PW2: 15.72
Powell Industries (FRA:PW2) 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.
Powell Industries Net Current Asset Value Related Terms
Powell Industries Net Current Asset Value Historical Data
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The historical data trend for Powell 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.
FRA:PW2 vs AYI, ENS, AEIS: Net Current Asset Value Comparison
For the Electrical Equipment & Parts subindustry, Powell 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.
Powell Industries Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Powell Industries's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Powell 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 €12.76 mean?
Powell Industries (FRA:PW2) has a Net Current Asset Value of €12.76 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 Powell Industries and its competitors. This is 398% above median its historical median of 2.56. Over the past decade, Powell Industries' Net Current Asset Value has ranged from 1.39 to 15.72. According to the industry distribution chart, Powell Industries ranks #1792 out of 2215 companies in the Industrial Products industry, placing it in the top 80.9%.
Is Powell Industries' Net Current Asset Value too high?
Powell Industries' current Net Current Asset Value of €12.76 is 398% above median its 10-year median of 2.56. Over the past 10 years, this metric has ranged from a low of 1.39 to a high of 15.72. Based on the distribution chart, Powell Industries ranks #1792 out of 2215 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Powell Industries has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Powell Industries' Net Current Asset Value compare to AYI and ENS?
According to the Industrial Products industry distribution chart, Powell Industries ranks #1792 out of 2215 companies for Net Current Asset Value. This places Powell Industries in the lower half of its industry. The industry median Net Current Asset Value is 5.28. Historically, Powell Industries' own Net Current Asset Value has ranged from 1.39 to 15.72 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 an Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.28, based on 2,215 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 Powell Industries and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Powell Industries's current Net Current Asset Value is €12.76, which is 398% above median its own 10-year median of 2.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Powell Industries stock overvalued right now?
Based on GuruFocus' analysis, Powell Industries (FRA:PW2) is currently considered Significantly Overvalued. The stock's GF Value™ is €66.33, compared to a current price of €200.60 — trading 202.4% above its estimated fair value. The current Net Current Asset Value is €12.76, which is 398% above median its 10-year median of 2.56. Powell Industries' overall GF Score™ is 74/100 with 2 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 Powell Industries (FRA:PW2), the current Net Current Asset Value is €12.76 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 Powell Industries (FRA:PW2) Overvalued in 2026?
Based on GuruFocus' analysis, Powell Industries stock appears to be overvalued.
The current stock price of €200.60 is trading 202.4% above its estimated GF Value™ of €66.33.
GuruFocus considers Powell Industries to be Significantly Overvalued.
Key valuation signals for FRA:PW2:
Net Current Asset Value: €12.76 (398% above median its 10-year median of 2.56)
GF Value™: €66.33 vs. price of €200.60 (202.4% above fair value)
No single metric tells the full story. See the FRA:PW2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Powell Industries Inc is a United States-based company that develops, designs, manufactures, and services custom-engineered equipment and systems for electrical energy distribution, control, and monitoring. The company's principal products comprise integrated power control room substations, custom-engineered modules, electrical houses, traditional and arc-resistant distribution switchgear and control gear, and so on. These products are applied in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, mining and metals, light-rail traction power, electric utility, pulp and paper, and other heavy industrial markets. The company generates the majority of its sales from the United States, and the rest from Canada, Europe, Asia Pacific, and other regions.
74GF Score
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