Intercede GroupIRCDF 82 Net Current Asset Value is $0.33 as of Mar. 2026, which is 95% below its 10-year median of 7.06. GuruFocus rates IRCDF with a GF Score™ of 82/100 and a GF Value™ of $1.73. The stock has 2 warning signs investors should review. Among 1,756 Software companies, Intercede Group ranks better than 54.84% 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).
Intercede Group's net current asset value per share for the quarter that ended in Mar. 2026 was $0.33.
The historical rank and industry rank for Intercede Group's Net Current Asset Value or its related term are showing as below:
IRCDF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.04 Med: 7.06 Max: 13.07
Current: 4.28
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Intercede Group was 13.07. The lowest was 3.04. And the median was 7.06.
IRCDF's Price-to-Net-Current-Asset-Value is ranked better than 54.84% of 1756
companies
in the Software industry
Industry Median: 4.7
vs IRCDF: 4.28
Intercede Group (OTCPK:IRCDF) 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.
Intercede Group Net Current Asset Value Related Terms
Intercede Group Net Current Asset Value Historical Data
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The historical data trend for Intercede Group'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.
IRCDF vs CRM, SHOP, UBER: Net Current Asset Value Comparison
For the Software - Application subindustry, Intercede Group'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.
Intercede Group Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Intercede Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Intercede Group'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 $0.33 mean?
Intercede Group (IRCDF) has a Net Current Asset Value of $0.33 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 Intercede Group and its competitors. This is 95% below median its historical median of 7.06. Over the past decade, Intercede Group's Net Current Asset Value has ranged from 3.04 to 13.07. According to the industry distribution chart, Intercede Group ranks #793 out of 1756 companies in the Software industry, placing it in the top 45.2%.
Is Intercede Group's Net Current Asset Value too high?
Intercede Group's current Net Current Asset Value of $0.33 is 95% below median its 10-year median of 7.06. Over the past 10 years, this metric has ranged from a low of 3.04 to a high of 13.07. The Software industry median Net Current Asset Value is 4.70. Intercede Group's value of $0.33 is 93% below this industry median. Based on the distribution chart, Intercede Group ranks #793 out of 1756 companies in the Software industry, which is above the industry midpoint. Overall, Intercede Group has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Intercede Group's Net Current Asset Value compare to CRM and SHOP?
According to the Software industry distribution chart, Intercede Group ranks #793 out of 1756 companies for Net Current Asset Value. This puts Intercede Group in the upper half of its industry. The industry median Net Current Asset Value is 4.70. Intercede Group's value of $0.33 is 93% below this benchmark. Historically, Intercede Group's own Net Current Asset Value has ranged from 3.04 to 13.07 over the past decade. While the company's 10-year median is 7.06 vs. the industry median of 4.70, Intercede Group 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 a Software company?
The median Net Current Asset Value among Software companies is 4.70, based on 1,756 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. Intercede Group's current Net Current Asset Value of $0.33 is 93% 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 Intercede Group and its competitors. For the Software industry, the median Net Current Asset Value is 4.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intercede Group's current Net Current Asset Value is $0.33, which is 95% below median its own 10-year median of 7.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intercede Group stock overvalued right now?
Intercede Group (IRCDF) has a current Net Current Asset Value of $0.33. The stock's GF Value™ is $1.73, compared to a current price of $1.37 — trading 20.8% below its estimated fair value. The current Net Current Asset Value is $0.33, which is 95% below median its 10-year median of 7.06 and 93% below the Software industry median of 4.70. Intercede Group's overall GF Score™ is 82/100 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 Intercede Group (IRCDF), the current Net Current Asset Value is $0.33 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 Intercede Group (IRCDF) Overvalued in 2026?
Based on GuruFocus' analysis, Intercede Group stock appears to be undervalued.
The current stock price of $1.37 is trading 20.8% below its estimated GF Value™ of $1.73.
Key valuation signals for IRCDF:
Net Current Asset Value: $0.33 (95% below median its 10-year median of 7.06)
GF Value™: $1.73 vs. price of $1.37 (20.8% below fair value)
Industry Position: 93% below the Software median (#793 of 1756)
No single metric tells the full story. See the IRCDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intercede Group PLC is an independent developer and supplier of identity and credential management software. Its product portfolio includes MyID, an identity, and credential management system, RapID is the password killer for killer apps, and MyTAM enables Android app developers and service providers to deploy trusted applications to the trusted execution environment simply and cost-effectively. The company serves a diverse range of markets including governments, enterprises, app developers, and service providers. It has operational footprints across the United Kingdom, the Rest of Europe, the Americas, and the Rest of the world. The majority of its revenue is derived from the Americas.
82GF Score
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