SoftcatLSE:SCT +0.75%86 Net Current Asset Value is £1.09 as of Jan. 2026, which is 100% below its 10-year median of 14.68. GuruFocus rates LSE:SCT with a GF Score™ of 86/100 and a GF Value™ of £25.99 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,844 Hardware companies, Softcat ranks worse than 81.29% 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).
Softcat's net current asset value per share for the quarter that ended in Jan. 2026 was £1.09.
The historical rank and industry rank for Softcat's Net Current Asset Value or its related term are showing as below:
LSE:SCT'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 8.68 Med: 14.68 Max: 28.17
Current: 17.28
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Softcat was 28.17. The lowest was 8.68. And the median was 14.68.
LSE:SCT's Price-to-Net-Current-Asset-Value is ranked worse than 81.29% of 1844
companies
in the Hardware industry
Industry Median: 5.3
vs LSE:SCT: 17.28
Softcat (LSE:SCT) 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.
Softcat Net Current Asset Value Related Terms
Softcat Net Current Asset Value Historical Data
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The historical data trend for Softcat'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.
LSE:SCT vs SNX, ARW, AVT: Net Current Asset Value Comparison
For the Electronics & Computer Distribution subindustry, Softcat'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.
Softcat Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Softcat's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Softcat'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 £1.09 mean?
Softcat (LSE:SCT) has a Net Current Asset Value of £1.09 as of Jan. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Softcat and its competitors. This is 93% below median its historical median of 14.68. Over the past decade, Softcat's Net Current Asset Value has ranged from 8.68 to 28.17. According to the industry distribution chart, Softcat ranks #1499 out of 1844 companies in the Hardware industry, placing it in the top 81.3%.
Is Softcat's Net Current Asset Value too high?
Softcat's current Net Current Asset Value of £1.09 is 93% below median its 10-year median of 14.68. Over the past 10 years, this metric has ranged from a low of 8.68 to a high of 28.17. Based on the distribution chart, Softcat ranks #1499 out of 1844 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Softcat has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Softcat's Net Current Asset Value compare to SNX and ARW?
According to the Hardware industry distribution chart, Softcat ranks #1499 out of 1844 companies for Net Current Asset Value. This places Softcat in the lower half of its industry. The industry median Net Current Asset Value is 5.30. Historically, Softcat's own Net Current Asset Value has ranged from 8.68 to 28.17 over the past decade. 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.30, based on 1,844 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 Softcat and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Softcat's current Net Current Asset Value is £1.09, which is 93% below median its own 10-year median of 14.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Softcat stock overvalued right now?
Based on GuruFocus' analysis, Softcat (LSE:SCT) is currently considered Modestly Undervalued. The stock's GF Value™ is £25.99, compared to a current price of £18.84 — trading 27.5% below its estimated fair value. The current Net Current Asset Value is £1.09, which is 93% below median its 10-year median of 14.68. Softcat's overall GF Score™ is 86/100 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 Softcat (LSE:SCT), the current Net Current Asset Value is £1.09 as of Jan. 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 Softcat (LSE:SCT) Overvalued in 2026?
Based on GuruFocus' analysis, Softcat stock appears to be undervalued.
The current stock price of £18.84 is trading 27.5% below its estimated GF Value™ of £25.99.
GuruFocus considers Softcat to be Modestly Undervalued.
Key valuation signals for LSE:SCT:
Net Current Asset Value: £1.09 (93% below median its 10-year median of 14.68)
GF Value™: £25.99 vs. price of £18.84 (27.5% below fair value)
No single metric tells the full story. See the LSE:SCT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Softcat PLC is an information technology infrastructure and service provider offering software licensing, workplace technology, networking and security, and cloud and data center solutions to corporates, public sector organizations, and small to medium-sized businesses, with the latter being the main business provider. It earns revenue from software, hardware, and services, including its own services, with the majority derived from software products. Its solutions include Workspace, Cyber Security, Networking and Connectivity, Data, Automation and AI, and Hybrid Cloud Solutions. The company serves Small to Medium Businesses, Enterprise, Multinational Services, and the Public Sector including healthcare, education, government, defence, police, and emergency services.
86GF Score
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