ITEXITEX 71 Net Current Asset Value is $2.65 as of Jul. 2025, which is 72% above its 10-year median of 1.54. GuruFocus rates ITEX with a GF Score™ of 71/100 and a GF Value™ of $3.79 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 503 Capital Markets companies, ITEX ranks better than 78.73% 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).
ITEX's net current asset value per share for the quarter that ended in Jul. 2025 was $2.65.
The historical rank and industry rank for ITEX's Net Current Asset Value or its related term are showing as below:
ITEX'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.15 Med: 1.54 Max: 2.35
Current: 1.15
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of ITEX was 2.35. The lowest was 1.15. And the median was 1.54.
ITEX's Price-to-Net-Current-Asset-Value is ranked better than 78.73% of 503
companies
in the Capital Markets industry
Industry Median: 2.85
vs ITEX: 1.15
ITEX (OTCPK:ITEX) 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.
ITEX Net Current Asset Value Related Terms
ITEX Net Current Asset Value Historical Data
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The historical data trend for ITEX'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.
ITEX vs WAI, NCPL, PMAX: Net Current Asset Value Comparison
For the Capital Markets subindustry, ITEX'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.
ITEX Price-to-Net-Current-Asset-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, ITEX's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where ITEX'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 $2.65 mean?
ITEX (ITEX) has a Net Current Asset Value of $2.65 as of Jul. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on ITEX and its competitors. This is 72% above median its historical median of 1.54. Over the past decade, ITEX's Net Current Asset Value has ranged from 1.15 to 2.35. According to the industry distribution chart, ITEX ranks #107 out of 503 companies in the Capital Markets industry, placing it in the top 21.3%.
Is ITEX's Net Current Asset Value too high?
ITEX's current Net Current Asset Value of $2.65 is 72% above median its 10-year median of 1.54. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 2.35. The Capital Markets industry median Net Current Asset Value is 2.85. ITEX's value of $2.65 is 7% below this industry median. Based on the distribution chart, ITEX ranks #107 out of 503 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, ITEX has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ITEX's Net Current Asset Value compare to WAI and NCPL?
According to the Capital Markets industry distribution chart, ITEX ranks #107 out of 503 companies for Net Current Asset Value. This places ITEX in the top 21% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 2.85. ITEX's value of $2.65 is 7% below this benchmark. Historically, ITEX's own Net Current Asset Value has ranged from 1.15 to 2.35 over the past decade. While the company's 10-year median is 1.54 vs. the industry median of 2.85, ITEX 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 Capital Markets company?
The median Net Current Asset Value among Capital Markets companies is 2.85, based on 503 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. ITEX's current Net Current Asset Value of $2.65 is 7% 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 ITEX and its competitors. For the Capital Markets industry, the median Net Current Asset Value is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITEX's current Net Current Asset Value is $2.65, which is 72% above median its own 10-year median of 1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITEX stock overvalued right now?
Based on GuruFocus' analysis, ITEX (ITEX) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.79, compared to a current price of $3.04 — trading 19.8% below its estimated fair value. The current Net Current Asset Value is $2.65, which is 72% above median its 10-year median of 1.54 and 7% below the Capital Markets industry median of 2.85. ITEX's overall GF Score™ is 71/100 with 4 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 ITEX (ITEX), the current Net Current Asset Value is $2.65 as of Jul. 2025. 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 ITEX (ITEX) Overvalued in 2026?
Based on GuruFocus' analysis, ITEX stock appears to be undervalued.
The current stock price of $3.04 is trading 19.8% below its estimated GF Value™ of $3.79.
GuruFocus considers ITEX to be Modestly Undervalued.
Key valuation signals for ITEX:
Net Current Asset Value: $2.65 (72% above median its 10-year median of 1.54)
GF Value™: $3.79 vs. price of $3.04 (19.8% below fair value)
Industry Position: 7% below the Capital Markets median (#107 of 503)
No single metric tells the full story. See the ITEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ITEX Corp operates a marketplace in which products and services are exchanged by marketplace members utilizing virtual currency. Its Marketplace provides a forum for members to purchase from and sell their products and services to other members using ITEX dollars instead of the United States dollars and Canadian dollars (USD or cash). It administers the marketplace and provides record-keeping and payment transaction processing services for its members. It generates revenue by charging members percentage-based transaction fees, association fees, and other fees assessed in United States dollars and Canadian dollars.
71GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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