Terrestrial EnergyIMSR -5.42%10 Net Current Asset Value is $2.55 as of Mar. 2026, which is 12% above its 10-year median of 2.28. GuruFocus rates IMSR with a GF Score™ of 10/100. The stock has 1 warning sign investors should review. Among 90 Utilities - Regulated companies, Terrestrial Energy ranks better than 66.67% 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).
Terrestrial Energy's net current asset value per share for the quarter that ended in Mar. 2026 was $2.55.
The historical rank and industry rank for Terrestrial Energy's Net Current Asset Value or its related term are showing as below:
IMSR'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.21 Med: 2.28 Max: 2.53
Current: 2.53
During the past 3 years, the highest Price-to-Net-Current-Asset-Value Ratio of Terrestrial Energy was 2.53. The lowest was 2.21. And the median was 2.28.
IMSR's Price-to-Net-Current-Asset-Value is ranked better than 66.67% of 90
companies
in the Utilities - Regulated industry
Industry Median: 3.985
vs IMSR: 2.53
Terrestrial Energy (NAS:IMSR) 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.
Terrestrial Energy Net Current Asset Value Related Terms
Terrestrial Energy Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Terrestrial Energy'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.
IMSR vs NKLR, GNE, SUME: Net Current Asset Value Comparison
For the Utilities - Regulated Electric subindustry, Terrestrial Energy'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.
Terrestrial Energy Price-to-Net-Current-Asset-Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Terrestrial Energy's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Terrestrial Energy'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 $2.55 mean?
Terrestrial Energy (IMSR) has a Net Current Asset Value of $2.55 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 Terrestrial Energy and its competitors. This is 12% above median its historical median of 2.28. Over the past decade, Terrestrial Energy's Net Current Asset Value has ranged from 2.21 to 2.53. According to the industry distribution chart, Terrestrial Energy ranks #30 out of 90 companies in the Utilities - Regulated industry, placing it in the top 33.3%.
Is Terrestrial Energy's Net Current Asset Value too high?
Terrestrial Energy's current Net Current Asset Value of $2.55 is 12% above median its 10-year median of 2.28. Over the past 10 years, this metric has ranged from a low of 2.21 to a high of 2.53. The Utilities - Regulated industry median Net Current Asset Value is 3.99. Terrestrial Energy's value of $2.55 is 36% below this industry median. Based on the distribution chart, Terrestrial Energy ranks #30 out of 90 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Terrestrial Energy has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Terrestrial Energy's Net Current Asset Value compare to NKLR and GNE?
According to the Utilities - Regulated industry distribution chart, Terrestrial Energy ranks #30 out of 90 companies for Net Current Asset Value. This puts Terrestrial Energy in the upper half of its industry. The industry median Net Current Asset Value is 3.99. Terrestrial Energy's value of $2.55 is 36% below this benchmark. Historically, Terrestrial Energy's own Net Current Asset Value has ranged from 2.21 to 2.53 over the past decade. While the company's 10-year median is 2.28 vs. the industry median of 3.99, Terrestrial Energy has consistently been below 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 an Utilities - Regulated company?
The median Net Current Asset Value among Utilities - Regulated companies is 3.99, based on 90 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. Terrestrial Energy's current Net Current Asset Value of $2.55 is 36% below 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 Terrestrial Energy and its competitors. For the Utilities - Regulated industry, the median Net Current Asset Value is 3.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Terrestrial Energy's current Net Current Asset Value is $2.55, which is 12% above median its own 10-year median of 2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Terrestrial Energy stock overvalued right now?
Terrestrial Energy (IMSR) has a current Net Current Asset Value of $2.55. The current Net Current Asset Value is $2.55, which is 12% above median its 10-year median of 2.28 and 36% below the Utilities - Regulated industry median of 3.99. Terrestrial Energy's overall GF Score™ is 10/100 with 1 warning sign 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 Terrestrial Energy (IMSR), the current Net Current Asset Value is $2.55 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.
Terrestrial Energy Inc is a technology company engaged in the development and commercialization of nuclear power plants. The company is focused on its proprietary Integral Molten Salt Reactor (IMSR) technology, a Generation IV reactor design intended to produce reliable, emission-free energy in the form of electricity and high-temperature heat for industrial applications. Its activities mainly involve advancing the design, licensing, and deployment of IMSR plants for commercial energy generation.
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