FTC SolarFTCI -0.40%64 Net Current Asset Value is $-1.28 as of Mar. 2026. GuruFocus rates FTCI with a GF Score™ of 64/100 and a GF Value™ of $5.53 (Fairly Valued). The stock has 6 warning signs investors should review. Among 720 Semiconductors companies, FTC Solar ranks worse than 138888.75% 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).
FTC Solar's net current asset value per share for the quarter that ended in Mar. 2026 was $-1.28.
The historical rank and industry rank for FTC Solar's Net Current Asset Value or its related term are showing as below:
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of FTC Solar was 14.35. The lowest was 1.59. And the median was 4.81.
FTCI's Price-to-Net-Current-Asset-Value is not ranked *
in the Semiconductors industry.
Industry Median: 9.075 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
FTC Solar (NAS:FTCI) 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.
FTC Solar Net Current Asset Value Related Terms
FTC Solar Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for FTC Solar'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.
FTCI vs SPWR, PN, SPRU: Net Current Asset Value Comparison
For the Solar subindustry, FTC Solar'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.
FTC Solar Price-to-Net-Current-Asset-Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, FTC Solar's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where FTC Solar'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 $-1.28 mean?
FTC Solar (FTCI) has a Net Current Asset Value of $-1.28 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 FTC Solar and its competitors. Over the past decade, FTC Solar's Net Current Asset Value has ranged from 1.59 to 14.35. According to the industry distribution chart, FTC Solar ranks #999999 out of 720 companies in the Semiconductors industry.
Is FTC Solar's Net Current Asset Value too high?
FTC Solar's current Net Current Asset Value is $-1.28. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 14.35. Based on the distribution chart, FTC Solar ranks #999999 out of 720 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, FTC Solar has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FTC Solar's Net Current Asset Value compare to SPWR and PN?
According to the Semiconductors industry distribution chart, FTC Solar ranks #999999 out of 720 companies for Net Current Asset Value. This places FTC Solar in the lower half of its industry. The industry median Net Current Asset Value is 9.08. Historically, FTC Solar's own Net Current Asset Value has ranged from 1.59 to 14.35 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 Semiconductors company?
The median Net Current Asset Value among Semiconductors companies is 9.08, based on 720 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 FTC Solar and its competitors. For the Semiconductors industry, the median Net Current Asset Value is 9.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FTC Solar's current Net Current Asset Value is $-1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FTC Solar stock overvalued right now?
Based on GuruFocus' analysis, FTC Solar (FTCI) is currently considered Fairly Valued. The stock's GF Value™ is $5.53, compared to a current price of $5.04 — trading 8.9% below its estimated fair value. The current Net Current Asset Value is $-1.28. FTC Solar's overall GF Score™ is 64/100 with 6 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 FTC Solar (FTCI), the current Net Current Asset Value is $-1.28 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 FTC Solar (FTCI) Overvalued in 2026?
Based on GuruFocus' analysis, FTC Solar stock appears to be undervalued.
The current stock price of $5.04 is trading 8.9% below its estimated GF Value™ of $5.53.
GuruFocus considers FTC Solar to be Fairly Valued.
Key valuation signals for FTCI:
Net Current Asset Value: $-1.28
GF Value™: $5.53 vs. price of $5.04 (8.9% below fair value)
No single metric tells the full story. See the FTCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FTC Solar Inc is a provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. It focuses on providing differentiated products, software, and services that maximize energy generation. The company has launched a new mounting solution to support the installation and use of U.S.-manufactured thin-film modules by project owners. The only segment the company is engaged in is the Manufacturing and Servicing of Solar tracker systems.
64GF Score
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