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Intrepid PotashIPI +1.78%69 Net Current Asset Value is $13.51 as of Jun. 2026, which is 157% above its 10-year median of 5.26. GuruFocus rates IPI with a GF Score™ of 69/100 and a GF Value™ of $28.19 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 165 Agriculture companies, Intrepid Potash ranks better than 60% 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).
Intrepid Potash's net current asset value per share for the quarter that ended in Jun. 2026 was $13.51.
The historical rank and industry rank for Intrepid Potash's Net Current Asset Value or its related term are showing as below:
IPI'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.43 Med: 5.26 Max: 225.83
Current: 2.71
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Intrepid Potash was 225.83. The lowest was 2.43. And the median was 5.26.
IPI's Price-to-Net-Current-Asset-Value is ranked better than 60% of 165
companies
in the Agriculture industry
Industry Median: 3.58
vs IPI: 2.71
Intrepid Potash (NYSE:IPI) 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.
Intrepid Potash Net Current Asset Value Related Terms
Intrepid Potash Net Current Asset Value Historical Data
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The historical data trend for Intrepid Potash'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.
IPI vs VRDR, AVD, BIOX: Net Current Asset Value Comparison
For the Agricultural Inputs subindustry, Intrepid Potash'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.
Intrepid Potash Price-to-Net-Current-Asset-Value vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Intrepid Potash's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Intrepid Potash'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 $13.51 mean?
Intrepid Potash (IPI) has a Net Current Asset Value of $13.51 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Intrepid Potash and its competitors. This is 157% above median its historical median of 5.26. Over the past decade, Intrepid Potash's Net Current Asset Value has ranged from 2.43 to 225.83. According to the industry distribution chart, Intrepid Potash ranks #66 out of 165 companies in the Agriculture industry, placing it in the top 40%.
Is Intrepid Potash's Net Current Asset Value too high?
Intrepid Potash's current Net Current Asset Value of $13.51 is 157% above median its 10-year median of 5.26. Over the past 10 years, this metric has ranged from a low of 2.43 to a high of 225.83. The Agriculture industry median Net Current Asset Value is 3.58. Intrepid Potash's value of $13.51 is 277.4% above this industry median. Based on the distribution chart, Intrepid Potash ranks #66 out of 165 companies in the Agriculture industry, which is above the industry midpoint. Overall, Intrepid Potash has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Intrepid Potash's Net Current Asset Value compare to VRDR and AVD?
According to the Agriculture industry distribution chart, Intrepid Potash ranks #66 out of 165 companies for Net Current Asset Value. This puts Intrepid Potash in the upper half of its industry. The industry median Net Current Asset Value is 3.58. Intrepid Potash's value of $13.51 is 277.4% above this benchmark. Historically, Intrepid Potash's own Net Current Asset Value has ranged from 2.43 to 225.83 over the past decade. While the company's 10-year median is 5.26 vs. the industry median of 3.58, Intrepid Potash 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 an Agriculture company?
The median Net Current Asset Value among Agriculture companies is 3.58, based on 165 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. Intrepid Potash's current Net Current Asset Value of $13.51 is 277.4% 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 Intrepid Potash and its competitors. For the Agriculture industry, the median Net Current Asset Value is 3.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intrepid Potash's current Net Current Asset Value is $13.51, which is 157% above median its own 10-year median of 5.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intrepid Potash stock overvalued right now?
Based on GuruFocus' analysis, Intrepid Potash (IPI) is currently considered Modestly Overvalued. The stock's GF Value™ is $28.19, compared to a current price of $36.62 — trading 29.9% above its estimated fair value. The current Net Current Asset Value is $13.51, which is 157% above median its 10-year median of 5.26 and 277.4% above the Agriculture industry median of 3.58. Intrepid Potash's overall GF Score™ is 69/100 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 Intrepid Potash (IPI), the current Net Current Asset Value is $13.51 as of Jun. 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 Intrepid Potash (IPI) Overvalued in 2026?
Based on GuruFocus' analysis, Intrepid Potash stock appears to be overvalued.
The current stock price of $36.62 is trading 29.9% above its estimated GF Value™ of $28.19.
GuruFocus considers Intrepid Potash to be Modestly Overvalued.
Key valuation signals for IPI:
Net Current Asset Value: $13.51 (157% above median its 10-year median of 5.26)
GF Value™: $28.19 vs. price of $36.62 (29.9% above fair value)
Industry Position: 277.4% above the Agriculture median (#66 of 165)
No single metric tells the full story. See the IPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intrepid Potash Inc produces and sells potash and potash byproducts in three main product segments: Potash, Trio, and Oilfield Solutions. The Potash segment produces and sells potash to the agricultural industry as a fertilizer input, the industrial market as a component of oil and gas drilling fluid, and the animal feed market as a nutrient supplement. The Trio segment produces and sells specialty fertilizer that consists of potassium, sulfate, and magnesium and is mined from langbeinite ore. The oilfield solutions segment offers water, high-speed potassium chloride mixing services, saltwater disposal services, and trucking services. The vast majority of revenue is generated in the United States, where the firm's production facilities are located.
69GF Score
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