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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).
MEX:EXPD'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.71 Med: 9.66 Max: 19.66
Current: 19.66
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Expeditors International of Washington was 19.66. The lowest was 5.71. And the median was 9.66.
MEX:EXPD's Price-to-Net-Current-Asset-Value is ranked worse than 85.79% of 359
companies
in the Transportation industry
Industry Median: 3.96
vs MEX:EXPD: 19.66
Expeditors International of Washington (MEX:EXPD) 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.
Expeditors International of Washington Net Current Asset Value Related Terms
Expeditors International of Washington 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.
Expeditors International of Washington Net Current Asset Value Chart
Expeditors International of Washington Annual Data
MEX:EXPD vs CHRW, FDXF, ZTO: Net Current Asset Value Comparison
For the Integrated Freight & Logistics subindustry, Expeditors International of Washington'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.
Expeditors International of Washington Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, Expeditors International of Washington's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Expeditors International of Washington'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 MXN157.72 mean?
Expeditors International of Washington (MEX:EXPD) has a Net Current Asset Value of MXN157.72 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 Expeditors International of Washington and its competitors. This is 1533% above median its historical median of 9.66. Over the past decade, Expeditors International of Washington's Net Current Asset Value has ranged from 5.71 to 19.66. According to the industry distribution chart, Expeditors International of Washington ranks #308 out of 359 companies in the Transportation industry, placing it in the top 85.8%.
Is Expeditors International of Washington's Net Current Asset Value too high?
Expeditors International of Washington's current Net Current Asset Value of MXN157.72 is 1533% above median its 10-year median of 9.66. Over the past 10 years, this metric has ranged from a low of 5.71 to a high of 19.66. Based on the distribution chart, Expeditors International of Washington ranks #308 out of 359 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Expeditors International of Washington has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Expeditors International of Washington's Net Current Asset Value compare to CHRW and FDXF?
According to the Transportation industry distribution chart, Expeditors International of Washington ranks #308 out of 359 companies for Net Current Asset Value. This places Expeditors International of Washington in the lower half of its industry. The industry median Net Current Asset Value is 3.96. Historically, Expeditors International of Washington's own Net Current Asset Value has ranged from 5.71 to 19.66 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 Transportation company?
The median Net Current Asset Value among Transportation companies is 3.96, based on 359 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 Expeditors International of Washington and its competitors. For the Transportation industry, the median Net Current Asset Value is 3.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Expeditors International of Washington's current Net Current Asset Value is MXN157.72, which is 1533% above median its own 10-year median of 9.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Expeditors International of Washington stock overvalued right now?
Expeditors International of Washington (MEX:EXPD) has a current Net Current Asset Value of MXN157.72. The stock's GF Value™ is MXN2,305.53, compared to a current price of MXN2,704.75 — trading 17.3% above its estimated fair value. The current Net Current Asset Value is MXN157.72, which is 1533% above median its 10-year median of 9.66. Expeditors International of Washington's overall GF Score™ is 77/100 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 Expeditors International of Washington (MEX:EXPD), the current Net Current Asset Value is MXN157.72 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 Expeditors International of Washington (MEX:EXPD) Overvalued in 2026?
Based on GuruFocus' analysis, Expeditors International of Washington stock appears to be overvalued.
The current stock price of MXN2,704.75 is trading 17.3% above its estimated GF Value™ of MXN2,305.53.
Key valuation signals for MEX:EXPD:
Net Current Asset Value: MXN157.72 (1533% above median its 10-year median of 9.66)
GF Value™: MXN2,305.53 vs. price of MXN2,704.75 (17.3% above fair value)
No single metric tells the full story. See the MEX:EXPD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Expeditors International of Washington Business Description
Based in the US, Expeditors International of Washington is a non-asset-based third-party logistics provider, mainly focused on international freight forwarding. Its offers freight consolidation and forwarding, customs brokerage, warehousing and distribution, purchase order management, vendor consolidation, and numerous other value-added logistics services. It employs sophisticated IT systems and contracts with airlines and ocean carriers to move customers' freight across the globe. The firm operates more than 200 full-service office locations worldwide, in addition to numerous satellite locations. In 2025, Expeditors derived 36% of consolidated gross revenue from airfreight, 25% from ocean freight, and 39% from customs brokerage and other services.
77GF 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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