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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).
AST SpaceMobile's net current asset value per share for the quarter that ended in Mar. 2026 was MXN-49.49.
The historical rank and industry rank for AST SpaceMobile's Net Current Asset Value or its related term are showing as below:
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of AST SpaceMobile was 137.63. The lowest was 23.53. And the median was 49.18.
MEX:ASTS'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.
AST SpaceMobile (MEX:ASTS) 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.
AST SpaceMobile Net Current Asset Value Related Terms
AST SpaceMobile Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for AST SpaceMobile'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.
MEX:ASTS vs ZBRA, VIAV, AAOI: Net Current Asset Value Comparison
For the Communication Equipment subindustry, AST SpaceMobile'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.
AST SpaceMobile Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, AST SpaceMobile's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where AST SpaceMobile'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 MXN-49.49 mean?
AST SpaceMobile (MEX:ASTS) has a Net Current Asset Value of MXN-49.49 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 AST SpaceMobile and its competitors. Over the past decade, AST SpaceMobile's Net Current Asset Value has ranged from 23.53 to 137.63. According to the industry distribution chart, AST SpaceMobile ranks #999999 out of 1846 companies in the Hardware industry.
Is AST SpaceMobile's Net Current Asset Value too high?
AST SpaceMobile's current Net Current Asset Value is MXN-49.49. Over the past 10 years, this metric has ranged from a low of 23.53 to a high of 137.63. Based on the distribution chart, AST SpaceMobile ranks #999999 out of 1846 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, AST SpaceMobile has a GF Score™ of 23/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AST SpaceMobile's Net Current Asset Value compare to ZBRA and VIAV?
According to the Hardware industry distribution chart, AST SpaceMobile ranks #999999 out of 1846 companies for Net Current Asset Value. This places AST SpaceMobile in the lower half of its industry. The industry median Net Current Asset Value is 4.98. Historically, AST SpaceMobile's own Net Current Asset Value has ranged from 23.53 to 137.63 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 AST SpaceMobile 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. AST SpaceMobile's current Net Current Asset Value is MXN-49.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AST SpaceMobile stock overvalued right now?
Based on GuruFocus' analysis, AST SpaceMobile (MEX:ASTS) is currently considered Possible Value Trap. The stock's GF Value™ is MXN8,656.26, compared to a current price of MXN1,016.74 — trading 88.3% below its estimated fair value. The current Net Current Asset Value is MXN-49.49. AST SpaceMobile's overall GF Score™ is 23/100 with 6 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 AST SpaceMobile (MEX:ASTS), the current Net Current Asset Value is MXN-49.49 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 AST SpaceMobile (MEX:ASTS) Overvalued in 2026?
Based on GuruFocus' analysis, AST SpaceMobile stock appears to be undervalued.
The current stock price of MXN1,016.74 is trading 88.3% below its estimated GF Value™ of MXN8,656.26.
GuruFocus considers AST SpaceMobile to be Possible Value Trap.
Key valuation signals for MEX:ASTS:
Net Current Asset Value: MXN-49.49
GF Value™: MXN8,656.26 vs. price of MXN1,016.74 (88.3% below fair value)
No single metric tells the full story. See the MEX:ASTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AST SpaceMobile Inc is currently designing, developing and manufacturing the constellation of BlueBird (BB) satellites and has begun launching its planned space-based Cellular Broadband network distributed through a constellation of low Earth orbit (LEO) satellites. The company is building a cellular broadband network in space to operate directly with standard, unmodified mobile devices, and off-the-shelf mobile phones based on extensive IP and patent portfolio. It has focused on eliminating the connectivity gaps faced by mobile subscribers. The Company's spaceMobile Service is being designed to provide cost-effective, high-speed Cellular Broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices.
23GF Score
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