Iridium CommunicationsIRDM +25.44%74 Net Current Asset Value is $-16.60 as of Mar. 2026. GuruFocus rates IRDM with a GF Score™ of 74/100 and a GF Value™ of $36.43 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 99 Telecommunication Services companies, Iridium Communications ranks worse than 1010100% 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).
Iridium Communications's net current asset value per share for the quarter that ended in Mar. 2026 was $-16.60.
The historical rank and industry rank for Iridium Communications's Net Current Asset Value or its related term are showing as below:
IRDM's Price-to-Net-Current-Asset-Value is not ranked *
in the Telecommunication Services industry.
Industry Median: 5.37 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Iridium Communications (NAS:IRDM) 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.
Iridium Communications Net Current Asset Value Related Terms
Iridium Communications Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Iridium Communications'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.
Iridium Communications Net Current Asset Value Chart
IRDM vs LBRDA, TDS, LBTYA: Net Current Asset Value Comparison
For the Telecom Services subindustry, Iridium Communications'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.
Iridium Communications Price-to-Net-Current-Asset-Value vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Iridium Communications's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Iridium Communications'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 $-16.60 mean?
Iridium Communications (IRDM) has a Net Current Asset Value of $-16.60 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 Iridium Communications and its competitors. According to the industry distribution chart, Iridium Communications ranks #999999 out of 99 companies in the Telecommunication Services industry.
Is Iridium Communications' Net Current Asset Value too high?
Iridium Communications' current Net Current Asset Value is $-16.60. Based on the distribution chart, Iridium Communications ranks #999999 out of 99 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Iridium Communications has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Iridium Communications' Net Current Asset Value compare to LBRDA and TDS?
According to the Telecommunication Services industry distribution chart, Iridium Communications ranks #999999 out of 99 companies for Net Current Asset Value. This places Iridium Communications in the lower half of its industry. The industry median Net Current Asset Value is 5.37. 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 Telecommunication Services company?
The median Net Current Asset Value among Telecommunication Services companies is 5.37, based on 99 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 Iridium Communications and its competitors. For the Telecommunication Services industry, the median Net Current Asset Value is 5.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iridium Communications's current Net Current Asset Value is $-16.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iridium Communications stock overvalued right now?
Based on GuruFocus' analysis, Iridium Communications (IRDM) is currently considered Significantly Overvalued. The stock's GF Value™ is $36.43, compared to a current price of $54.59 — trading 49.8% above its estimated fair value. The current Net Current Asset Value is $-16.60. Iridium Communications' overall GF Score™ is 74/100 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 Iridium Communications (IRDM), the current Net Current Asset Value is $-16.60 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 Iridium Communications (IRDM) Overvalued in 2026?
Based on GuruFocus' analysis, Iridium Communications stock appears to be overvalued.
The current stock price of $54.59 is trading 49.8% above its estimated GF Value™ of $36.43.
GuruFocus considers Iridium Communications to be Significantly Overvalued.
Key valuation signals for IRDM:
Net Current Asset Value: $-16.60
GF Value™: $36.43 vs. price of $54.59 (49.8% above fair value)
No single metric tells the full story. See the IRDM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Iridium Communications Inc is the commercial provider of communications services offering true globalised coverage, connecting people, organizations, and assets to and from anywhere, in real time. The company is a provider of mobile voice and data communications services through a constellation of low-earth-orbiting satellites. Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies world-wide. The Company operates in one business segment, providing satellite communications services and products.
74GF Score
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