RelianceMEX:RS 89 Net Current Asset Value is MXN313.29 as of Mar. 2026, which is 100% below its 10-year median of 13.68. GuruFocus rates MEX:RS with a GF Score™ of 89/100 and a GF Value™ of MXN4,894.53. The stock has 9 warning signs investors should review. Among 367 Steel companies, Reliance ranks worse than 92.37% 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).
Reliance's net current asset value per share for the quarter that ended in Mar. 2026 was MXN313.29.
The historical rank and industry rank for Reliance's Net Current Asset Value or its related term are showing as below:
MEX:RS'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.01 Med: 13.68 Max: 153.11
Current: 21.84
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Reliance was 153.11. The lowest was 7.01. And the median was 13.68.
MEX:RS's Price-to-Net-Current-Asset-Value is ranked worse than 92.37% of 367
companies
in the Steel industry
Industry Median: 2.99
vs MEX:RS: 21.84
Reliance (MEX:RS) 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.
Reliance Net Current Asset Value Related Terms
Reliance Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Reliance'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:RS vs TX, CLF, STLD: Net Current Asset Value Comparison
For the Steel subindustry, Reliance'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.
Reliance Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, Reliance's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Reliance'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 MXN313.29 mean?
Reliance (MEX:RS) has a Net Current Asset Value of MXN313.29 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 Reliance and its competitors. This is 2190% above median its historical median of 13.68. Over the past decade, Reliance's Net Current Asset Value has ranged from 7.01 to 153.11. According to the industry distribution chart, Reliance ranks #339 out of 367 companies in the Steel industry, placing it in the top 92.4%.
Is Reliance's Net Current Asset Value too high?
Reliance's current Net Current Asset Value of MXN313.29 is 2190% above median its 10-year median of 13.68. Over the past 10 years, this metric has ranged from a low of 7.01 to a high of 153.11. Based on the distribution chart, Reliance ranks #339 out of 367 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Reliance has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does Reliance's Net Current Asset Value compare to TX and CLF?
According to the Steel industry distribution chart, Reliance ranks #339 out of 367 companies for Net Current Asset Value. This places Reliance in the lower half of its industry. The industry median Net Current Asset Value is 2.99. Historically, Reliance's own Net Current Asset Value has ranged from 7.01 to 153.11 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 Steel company?
The median Net Current Asset Value among Steel companies is 2.99, based on 367 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 Reliance and its competitors. For the Steel industry, the median Net Current Asset Value is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reliance's current Net Current Asset Value is MXN313.29, which is 2190% above median its own 10-year median of 13.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reliance stock overvalued right now?
Reliance (MEX:RS) has a current Net Current Asset Value of MXN313.29. The stock's GF Value™ is MXN4,894.53, compared to a current price of MXN5,529.80 — trading 13% above its estimated fair value. The current Net Current Asset Value is MXN313.29, which is 2190% above median its 10-year median of 13.68. Reliance's overall GF Score™ is 89/100 with 9 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 Reliance (MEX:RS), the current Net Current Asset Value is MXN313.29 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 Reliance (MEX:RS) Overvalued in 2026?
Based on GuruFocus' analysis, Reliance stock appears to be overvalued.
The current stock price of MXN5,529.80 is trading 13% above its estimated GF Value™ of MXN4,894.53.
Key valuation signals for MEX:RS:
Net Current Asset Value: MXN313.29 (2190% above median its 10-year median of 13.68)
GF Value™: MXN4,894.53 vs. price of MXN5,529.80 (13% above fair value)
No single metric tells the full story. See the MEX:RS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reliance Inc operates a network of companies providing diversified metal solutions and is the metals service center company. It distributes a full line of over 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and other specialty steel products. The company services more than 125,000 customers in a variety of industries, including consumer products, general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, industrial machinery and heavy industry. It also services the auto industry, through its toll processing operations where it processes customer-owned metal for a fee.
89GF Score
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