Magellan AerospaceMALJF 74 Net Current Asset Value is $4.13 as of Mar. 2026, which is 67% above its 10-year median of 2.48. GuruFocus rates MALJF with a GF Score™ of 74/100 and a GF Value™ of $8.32 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 197 Aerospace & Defense companies, Magellan Aerospace ranks better than 62.44% 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).
Magellan Aerospace's net current asset value per share for the quarter that ended in Mar. 2026 was $4.13.
The historical rank and industry rank for Magellan Aerospace's Net Current Asset Value or its related term are showing as below:
MALJF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.57 Med: 2.48 Max: 51.46
Current: 6
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Magellan Aerospace was 51.46. The lowest was 1.57. And the median was 2.48.
MALJF's Price-to-Net-Current-Asset-Value is ranked better than 62.44% of 197
companies
in the Aerospace & Defense industry
Industry Median: 8.27
vs MALJF: 6.00
Magellan Aerospace (OTCPK:MALJF) 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.
Magellan Aerospace Net Current Asset Value Related Terms
Magellan Aerospace Net Current Asset Value Historical Data
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The historical data trend for Magellan Aerospace'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.
MALJF vs SPCX, GE, RTX: Net Current Asset Value Comparison
For the Aerospace & Defense subindustry, Magellan Aerospace'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.
Magellan Aerospace Price-to-Net-Current-Asset-Value vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Magellan Aerospace's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Magellan Aerospace'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 $4.13 mean?
Magellan Aerospace (MALJF) has a Net Current Asset Value of $4.13 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 Magellan Aerospace and its competitors. This is 67% above median its historical median of 2.48. Over the past decade, Magellan Aerospace's Net Current Asset Value has ranged from 1.57 to 51.46. According to the industry distribution chart, Magellan Aerospace ranks #74 out of 197 companies in the Aerospace & Defense industry, placing it in the top 37.6%.
Is Magellan Aerospace's Net Current Asset Value too high?
Magellan Aerospace's current Net Current Asset Value of $4.13 is 67% above median its 10-year median of 2.48. Over the past 10 years, this metric has ranged from a low of 1.57 to a high of 51.46. The Aerospace & Defense industry median Net Current Asset Value is 8.27. Magellan Aerospace's value of $4.13 is 50.1% below this industry median. Based on the distribution chart, Magellan Aerospace ranks #74 out of 197 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Magellan Aerospace has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Magellan Aerospace's Net Current Asset Value compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Magellan Aerospace ranks #74 out of 197 companies for Net Current Asset Value. This puts Magellan Aerospace in the upper half of its industry. The industry median Net Current Asset Value is 8.27. Magellan Aerospace's value of $4.13 is 50.1% below this benchmark. Historically, Magellan Aerospace's own Net Current Asset Value has ranged from 1.57 to 51.46 over the past decade. While the company's 10-year median is 2.48 vs. the industry median of 8.27, Magellan Aerospace 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 an Aerospace & Defense company?
The median Net Current Asset Value among Aerospace & Defense companies is 8.27, 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. Magellan Aerospace's current Net Current Asset Value of $4.13 is 50.1% 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 Magellan Aerospace and its competitors. For the Aerospace & Defense industry, the median Net Current Asset Value is 8.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magellan Aerospace's current Net Current Asset Value is $4.13, which is 67% above median its own 10-year median of 2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magellan Aerospace stock overvalued right now?
Based on GuruFocus' analysis, Magellan Aerospace (MALJF) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.32, compared to a current price of $23.64 — trading 184.1% above its estimated fair value. The current Net Current Asset Value is $4.13, which is 67% above median its 10-year median of 2.48 and 50.1% below the Aerospace & Defense industry median of 8.27. Magellan Aerospace's overall GF Score™ is 74/100 with 7 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 Magellan Aerospace (MALJF), the current Net Current Asset Value is $4.13 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 Magellan Aerospace (MALJF) Overvalued in 2026?
Based on GuruFocus' analysis, Magellan Aerospace stock appears to be overvalued.
The current stock price of $23.64 is trading 184.1% above its estimated GF Value™ of $8.32.
GuruFocus considers Magellan Aerospace to be Significantly Overvalued.
Key valuation signals for MALJF:
Net Current Asset Value: $4.13 (67% above median its 10-year median of 2.48)
GF Value™: $8.32 vs. price of $23.64 (184.1% above fair value)
Industry Position: 50.1% below the Aerospace & Defense median (#74 of 197)
No single metric tells the full story. See the MALJF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Magellan Aerospace Corp supplies components to the aerospace industry. Through its subsidiaries, it engineers and manufactures aero-engine and aerostructure components for aerospace markets, including products for defense and space markets, and complementary specialty products. Some of its product offerings include honeycomb and filament-wound tubes, frames, compressor components, bypass ducts, black brant rockets, and helicopter power transmission housings, among others. The group also supports the aftermarket through the supply of spare parts as well as through repair and overhaul services. It operates activities in one reportable segment, namely Aerospace. Geographically, the group derives its maximum revenue from Canada, followed by the United States and Europe.
74GF Score
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