Kratos Defense & Security SolutionsLTS:0JS0 +4.77%78 Net Current Asset Value is $8.95 as of Mar. 2026, which is 51% below its 10-year median of 18.15. GuruFocus rates LTS:0JS0 with a GF Score™ of 78/100 and a GF Value™ of $28.03 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 197 Aerospace & Defense companies, Kratos Defense & Security Solutions ranks better than 64.97% 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).
The historical rank and industry rank for Kratos Defense & Security Solutions's Net Current Asset Value or its related term are showing as below:
LTS:0JS0'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.57 Med: 18.15 Max: 352.25
Current: 5.57
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kratos Defense & Security Solutions was 352.25. The lowest was 5.57. And the median was 18.15.
LTS:0JS0's Price-to-Net-Current-Asset-Value is ranked better than 64.97% of 197
companies
in the Aerospace & Defense industry
Industry Median: 8.26
vs LTS:0JS0: 5.57
Kratos Defense & Security Solutions (LTS:0JS0) 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.
Kratos Defense & Security Solutions Net Current Asset Value Related Terms
Kratos Defense & Security Solutions Net Current Asset Value Historical Data
* 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.
Kratos Defense & Security Solutions Net Current Asset Value Chart
LTS:0JS0 vs SARO, PL, LOAR: Net Current Asset Value Comparison
For the Aerospace & Defense subindustry, Kratos Defense & Security Solutions'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.
Kratos Defense & Security Solutions Price-to-Net-Current-Asset-Value vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Kratos Defense & Security Solutions's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kratos Defense & Security Solutions'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 $8.95 mean?
Kratos Defense & Security Solutions (LTS:0JS0) has a Net Current Asset Value of $8.95 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 Kratos Defense & Security Solutions and its competitors. This is 51% below median its historical median of 18.15. Over the past decade, Kratos Defense & Security Solutions' Net Current Asset Value has ranged from 5.57 to 352.25. According to the industry distribution chart, Kratos Defense & Security Solutions ranks #69 out of 197 companies in the Aerospace & Defense industry, placing it in the top 35%.
Is Kratos Defense & Security Solutions' Net Current Asset Value too high?
Kratos Defense & Security Solutions' current Net Current Asset Value of $8.95 is 51% below median its 10-year median of 18.15. Over the past 10 years, this metric has ranged from a low of 5.57 to a high of 352.25. The Aerospace & Defense industry median Net Current Asset Value is 8.26. Kratos Defense & Security Solutions' value of $8.95 is 8.4% above this industry median. Based on the distribution chart, Kratos Defense & Security Solutions ranks #69 out of 197 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Kratos Defense & Security Solutions has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kratos Defense & Security Solutions' Net Current Asset Value compare to SARO and PL?
According to the Aerospace & Defense industry distribution chart, Kratos Defense & Security Solutions ranks #69 out of 197 companies for Net Current Asset Value. This puts Kratos Defense & Security Solutions in the upper half of its industry. The industry median Net Current Asset Value is 8.26. Kratos Defense & Security Solutions' value of $8.95 is 8.4% above this benchmark. Historically, Kratos Defense & Security Solutions' own Net Current Asset Value has ranged from 5.57 to 352.25 over the past decade. While the company's 10-year median is 18.15 vs. the industry median of 8.26, Kratos Defense & Security Solutions has consistently been above 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 an Aerospace & Defense company?
The median Net Current Asset Value among Aerospace & Defense companies is 8.26, based on 197 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. Kratos Defense & Security Solutions's current Net Current Asset Value of $8.95 is 8.4% above 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 Kratos Defense & Security Solutions and its competitors. For the Aerospace & Defense industry, the median Net Current Asset Value is 8.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kratos Defense & Security Solutions's current Net Current Asset Value is $8.95, which is 51% below median its own 10-year median of 18.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kratos Defense & Security Solutions stock overvalued right now?
Based on GuruFocus' analysis, Kratos Defense & Security Solutions (LTS:0JS0) is currently considered Significantly Overvalued. The stock's GF Value™ is $28.03, compared to a current price of $49.59 — trading 76.9% above its estimated fair value. The current Net Current Asset Value is $8.95, which is 51% below median its 10-year median of 18.15 and 8.4% above the Aerospace & Defense industry median of 8.26. Kratos Defense & Security Solutions' overall GF Score™ is 78/100 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 Kratos Defense & Security Solutions (LTS:0JS0), the current Net Current Asset Value is $8.95 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 Kratos Defense & Security Solutions (LTS:0JS0) Overvalued in 2026?
Based on GuruFocus' analysis, Kratos Defense & Security Solutions stock appears to be overvalued.
The current stock price of $49.59 is trading 76.9% above its estimated GF Value™ of $28.03.
GuruFocus considers Kratos Defense & Security Solutions to be Significantly Overvalued.
Key valuation signals for LTS:0JS0:
Net Current Asset Value: $8.95 (51% below median its 10-year median of 18.15)
GF Value™: $28.03 vs. price of $49.59 (76.9% above fair value)
Industry Position: 8.4% above the Aerospace & Defense median (#69 of 197)
No single metric tells the full story. See the LTS:0JS0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kratos Defense & Security Solutions Business Description
Kratos Defense & Security Solutions Inc develops and fields transformative, affordable technology, platforms, and systems. The company has two segments; The Kratos Government Solutions (KGS) segment is comprised of an aggregation of KGS operating segments, including its microwave electronic products, space, training, and cybersecurity, C5ISR/modular systems, turbine technologies, and defense and rocket support services operating segments and The Unmanned Systems segment consists of unmanned aerial, unmanned ground, unmanned seaborne and related command, control, and communications system businesses. The company derives a majority of its revenue from the Kratos Government Solutions segment.
78GF Score
Get the complete analysis for LTS:0JS0
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LTS:0JS0 has been successfully added to your 
