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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).
VIGO Photonics's net current asset value per share for the quarter that ended in Mar. 2026 was zł-31.09.
The historical rank and industry rank for VIGO Photonics's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of VIGO Photonics was 92.23. The lowest was 15.51. And the median was 25.90.
LTS:0R4B's Price-to-Net-Current-Asset-Value is not ranked *
in the Hardware industry.
Industry Median: 4.98 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
VIGO Photonics (LTS:0R4B) 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.
VIGO Photonics Net Current Asset Value Related Terms
VIGO Photonics Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for VIGO Photonics'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.
LTS:0R4B vs APH, GLW, TEL: Net Current Asset Value Comparison
For the Electronic Components subindustry, VIGO Photonics'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.
VIGO Photonics Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, VIGO Photonics's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where VIGO Photonics'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 zł-31.09 mean?
VIGO Photonics (LTS:0R4B) has a Net Current Asset Value of zł-31.09 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 VIGO Photonics and its competitors. Over the past decade, VIGO Photonics' Net Current Asset Value has ranged from 15.51 to 92.23. According to the industry distribution chart, VIGO Photonics ranks #999999 out of 1846 companies in the Hardware industry.
Is VIGO Photonics' Net Current Asset Value too high?
VIGO Photonics' current Net Current Asset Value is zł-31.09. Over the past 10 years, this metric has ranged from a low of 15.51 to a high of 92.23. Based on the distribution chart, VIGO Photonics ranks #999999 out of 1846 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, VIGO Photonics has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does VIGO Photonics' Net Current Asset Value compare to APH and GLW?
According to the Hardware industry distribution chart, VIGO Photonics ranks #999999 out of 1846 companies for Net Current Asset Value. This places VIGO Photonics in the lower half of its industry. The industry median Net Current Asset Value is 4.98. Historically, VIGO Photonics' own Net Current Asset Value has ranged from 15.51 to 92.23 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 4.98, based on 1,846 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 VIGO Photonics and its competitors. For the Hardware industry, the median Net Current Asset Value is 4.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VIGO Photonics's current Net Current Asset Value is zł-31.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VIGO Photonics stock overvalued right now?
VIGO Photonics (LTS:0R4B) has a current Net Current Asset Value of zł-31.09. The stock's GF Value™ is zł872.34, compared to a current price of zł719.52 — trading 17.5% below its estimated fair value. The current Net Current Asset Value is zł-31.09. VIGO Photonics' overall GF Score™ is 87/100 with 3 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 VIGO Photonics (LTS:0R4B), the current Net Current Asset Value is zł-31.09 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 VIGO Photonics (LTS:0R4B) Overvalued in 2026?
Based on GuruFocus' analysis, VIGO Photonics stock appears to be undervalued.
The current stock price of zł719.52 is trading 17.5% below its estimated GF Value™ of zł872.34.
Key valuation signals for LTS:0R4B:
Net Current Asset Value: zł-31.09
GF Value™: zł872.34 vs. price of zł719.52 (17.5% below fair value)
No single metric tells the full story. See the LTS:0R4B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VIGO Photonics SA is a manufacturer of uncooled infrared photon detectors. The detectors are used in the fields of Industry, Defense and Security, Environmental Protection, Healthcare, Transport, and Research & Development. The company's products include MCT Detectors, InAs Detectors, InAsSb Detectors, and Dedicated electronics. It has two operating segments: the Semiconductor modules segment and the Semiconductor materials segment.
87GF 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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