NIOMEX:NION +1.56%77 Net Current Asset Value is MXN-44.39 as of Mar. 2026. GuruFocus rates MEX:NION with a GF Score™ of 77/100 and a GF Value™ of MXN130.12 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 708 Vehicles & Parts companies, NIO ranks worse than 141242.8% 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).
NIO's net current asset value per share for the quarter that ended in Mar. 2026 was MXN-44.39.
The historical rank and industry rank for NIO's Net Current Asset Value or its related term are showing as below:
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of NIO was 318.50. The lowest was 11.08. And the median was 25.93.
MEX:NION's Price-to-Net-Current-Asset-Value is not ranked *
in the Vehicles & Parts industry.
Industry Median: 5.015 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
NIO (MEX:NION) 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.
NIO Net Current Asset Value Related Terms
NIO Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for NIO'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:NION vs LI, XPEV, VFS: Net Current Asset Value Comparison
For the Auto Manufacturers subindustry, NIO'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.
NIO Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, NIO's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where NIO'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-44.39 mean?
NIO (MEX:NION) has a Net Current Asset Value of MXN-44.39 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 NIO and its competitors. Over the past decade, NIO's Net Current Asset Value has ranged from 11.08 to 318.50. According to the industry distribution chart, NIO ranks #999999 out of 708 companies in the Vehicles & Parts industry.
Is NIO's Net Current Asset Value too high?
NIO's current Net Current Asset Value is MXN-44.39. Over the past 10 years, this metric has ranged from a low of 11.08 to a high of 318.50. Based on the distribution chart, NIO ranks #999999 out of 708 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, NIO has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NIO's Net Current Asset Value compare to LI and XPEV?
According to the Vehicles & Parts industry distribution chart, NIO ranks #999999 out of 708 companies for Net Current Asset Value. This places NIO in the lower half of its industry. The industry median Net Current Asset Value is 5.02. Historically, NIO's own Net Current Asset Value has ranged from 11.08 to 318.50 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 Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 5.02, based on 708 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 NIO and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 5.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NIO's current Net Current Asset Value is MXN-44.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NIO stock overvalued right now?
Based on GuruFocus' analysis, NIO (MEX:NION) is currently considered Possible Value Trap. The stock's GF Value™ is MXN130.12, compared to a current price of MXN89.38 — trading 31.3% below its estimated fair value. The current Net Current Asset Value is MXN-44.39. NIO's overall GF Score™ is 77/100 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 NIO (MEX:NION), the current Net Current Asset Value is MXN-44.39 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 NIO (MEX:NION) Overvalued in 2026?
Based on GuruFocus' analysis, NIO stock appears to be undervalued.
The current stock price of MXN89.38 is trading 31.3% below its estimated GF Value™ of MXN130.12.
GuruFocus considers NIO to be Possible Value Trap.
Key valuation signals for MEX:NION:
Net Current Asset Value: MXN-44.39
GF Value™: MXN130.12 vs. price of MXN89.38 (31.3% below fair value)
No single metric tells the full story. See the MEX:NION stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations, such as battery swapping and autonomous driving. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold around 326,000 EVs in 2025, accounting for about 2% of China's passenger new energy vehicle market.
77GF Score
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