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Lexaria BioscienceLEXX +3.69%22 Net Current Asset Value is $0.16 as of May. 2026, which is 98% below its 10-year median of 7.51. GuruFocus rates LEXX with a GF Score™ of 22/100 and a GF Value™ of $0.37 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 938 Biotechnology companies, Lexaria Bioscience ranks better than 62.47% 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).
Lexaria Bioscience's net current asset value per share for the quarter that ended in May. 2026 was $0.16.
The historical rank and industry rank for Lexaria Bioscience's Net Current Asset Value or its related term are showing as below:
LEXX'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.46 Med: 7.51 Max: 69.1
Current: 3.38
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Lexaria Bioscience was 69.10. The lowest was 1.46. And the median was 7.51.
LEXX's Price-to-Net-Current-Asset-Value is ranked better than 62.47% of 938
companies
in the Biotechnology industry
Industry Median: 4.72
vs LEXX: 3.38
Lexaria Bioscience (NAS:LEXX) 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.
Lexaria Bioscience Net Current Asset Value Related Terms
Lexaria Bioscience Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Lexaria Bioscience'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.
LEXX vs CTXR, PTN, HIND: Net Current Asset Value Comparison
For the Biotechnology subindustry, Lexaria Bioscience'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.
Lexaria Bioscience Price-to-Net-Current-Asset-Value vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Lexaria Bioscience's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Lexaria Bioscience'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 $0.16 mean?
Lexaria Bioscience (LEXX) has a Net Current Asset Value of $0.16 as of May. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Lexaria Bioscience and its competitors. This is 98% below median its historical median of 7.51. Over the past decade, Lexaria Bioscience's Net Current Asset Value has ranged from 1.46 to 69.10. According to the industry distribution chart, Lexaria Bioscience ranks #352 out of 938 companies in the Biotechnology industry, placing it in the top 37.5%.
Is Lexaria Bioscience's Net Current Asset Value too high?
Lexaria Bioscience's current Net Current Asset Value of $0.16 is 98% below median its 10-year median of 7.51. Over the past 10 years, this metric has ranged from a low of 1.46 to a high of 69.10. The Biotechnology industry median Net Current Asset Value is 4.72. Lexaria Bioscience's value of $0.16 is 96.6% below this industry median. Based on the distribution chart, Lexaria Bioscience ranks #352 out of 938 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Lexaria Bioscience has a GF Score™ of 22/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lexaria Bioscience's Net Current Asset Value compare to CTXR and PTN?
According to the Biotechnology industry distribution chart, Lexaria Bioscience ranks #352 out of 938 companies for Net Current Asset Value. This puts Lexaria Bioscience in the upper half of its industry. The industry median Net Current Asset Value is 4.72. Lexaria Bioscience's value of $0.16 is 96.6% below this benchmark. Historically, Lexaria Bioscience's own Net Current Asset Value has ranged from 1.46 to 69.10 over the past decade. While the company's 10-year median is 7.51 vs. the industry median of 4.72, Lexaria Bioscience 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 Biotechnology company?
The median Net Current Asset Value among Biotechnology companies is 4.72, based on 938 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. Lexaria Bioscience's current Net Current Asset Value of $0.16 is 96.6% 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 Lexaria Bioscience and its competitors. For the Biotechnology industry, the median Net Current Asset Value is 4.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lexaria Bioscience's current Net Current Asset Value is $0.16, which is 98% below median its own 10-year median of 7.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lexaria Bioscience stock overvalued right now?
Based on GuruFocus' analysis, Lexaria Bioscience (LEXX) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.37, compared to a current price of $0.54 — trading 46.9% above its estimated fair value. The current Net Current Asset Value is $0.16, which is 98% below median its 10-year median of 7.51 and 96.6% below the Biotechnology industry median of 4.72. Lexaria Bioscience's overall GF Score™ is 22/100 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 Lexaria Bioscience (LEXX), the current Net Current Asset Value is $0.16 as of May. 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 Lexaria Bioscience (LEXX) Overvalued in 2026?
Based on GuruFocus' analysis, Lexaria Bioscience stock appears to be overvalued.
The current stock price of $0.54 is trading 46.9% above its estimated GF Value™ of $0.37.
GuruFocus considers Lexaria Bioscience to be Significantly Overvalued.
Key valuation signals for LEXX:
Net Current Asset Value: $0.16 (98% below median its 10-year median of 7.51)
GF Value™: $0.37 vs. price of $0.54 (46.9% above fair value)
Industry Position: 96.6% below the Biotechnology median (#352 of 938)
No single metric tells the full story. See the LEXX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lexaria Bioscience Corp is a biotechnology company focused on enhancing the bioavailability of active pharmaceutical ingredients using its patented DehydraTECH drug delivery technology. DehydraTECH improves absorption, effectiveness, and tolerability and can be applied to APIs such as GLP-1 and GIP drugs, vitamins, pain medications, hormones, antivirals, nicotine and cannabinoids across therapeutic areas including diabetes, weight loss, epilepsy, hypertension, and heart disease. It can be used in formats such as tablets, capsules, oral suspensions, foods, beverages, and pouches, and supports pharmaceuticals, nutraceuticals, over-the-counter products, and consumer packaged goods. The Company operates one segment: IP licensing, generating revenue from licensing its DehydraTECH technology.
22GF Score
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