Microwave Filter CoMFCO +16.52%29 Net Current Asset Value is $0.29 as of Sep. 2025, which is 82% below its 10-year median of 1.61. GuruFocus rates MFCO with a GF Score™ of 29/100 and a GF Value™ of $0.33 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,842 Hardware companies, Microwave Filter Co ranks better than 55.97% 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).
Microwave Filter Co's net current asset value per share for the quarter that ended in Sep. 2025 was $0.29.
The historical rank and industry rank for Microwave Filter Co's Net Current Asset Value or its related term are showing as below:
MFCO'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.3 Med: 1.61 Max: 4.62
Current: 4.62
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Microwave Filter Co was 4.62. The lowest was 1.30. And the median was 1.61.
MFCO's Price-to-Net-Current-Asset-Value is ranked better than 55.97% of 1842
companies
in the Hardware industry
Industry Median: 5.405
vs MFCO: 4.62
Microwave Filter Co (OTCPK:MFCO) 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.
Microwave Filter Co Net Current Asset Value Related Terms
Microwave Filter Co Net Current Asset Value Historical Data
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The historical data trend for Microwave Filter Co'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.
MFCO vs ASNS, VMNT, WLAN: Net Current Asset Value Comparison
For the Communication Equipment subindustry, Microwave Filter Co'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.
Microwave Filter Co Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Microwave Filter Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Microwave Filter Co'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 $0.29 mean?
Microwave Filter Co (MFCO) has a Net Current Asset Value of $0.29 as of Sep. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Microwave Filter Co and its competitors. This is 82% below median its historical median of 1.61. Over the past decade, Microwave Filter Co's Net Current Asset Value has ranged from 1.30 to 4.62. According to the industry distribution chart, Microwave Filter Co ranks #811 out of 1842 companies in the Hardware industry, placing it in the top 44%.
Is Microwave Filter Co's Net Current Asset Value too high?
Microwave Filter Co's current Net Current Asset Value of $0.29 is 82% below median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 4.62. The Hardware industry median Net Current Asset Value is 5.41. Microwave Filter Co's value of $0.29 is 94.6% below this industry median. Based on the distribution chart, Microwave Filter Co ranks #811 out of 1842 companies in the Hardware industry, which is above the industry midpoint. Overall, Microwave Filter Co has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Microwave Filter Co's Net Current Asset Value compare to ASNS and VMNT?
According to the Hardware industry distribution chart, Microwave Filter Co ranks #811 out of 1842 companies for Net Current Asset Value. This puts Microwave Filter Co in the upper half of its industry. The industry median Net Current Asset Value is 5.41. Microwave Filter Co's value of $0.29 is 94.6% below this benchmark. Historically, Microwave Filter Co's own Net Current Asset Value has ranged from 1.30 to 4.62 over the past decade. While the company's 10-year median is 1.61 vs. the industry median of 5.41, Microwave Filter Co 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 a Hardware company?
The median Net Current Asset Value among Hardware companies is 5.41, based on 1,842 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. Microwave Filter Co's current Net Current Asset Value of $0.29 is 94.6% 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 Microwave Filter Co and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Microwave Filter Co's current Net Current Asset Value is $0.29, which is 82% below median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Microwave Filter Co stock overvalued right now?
Based on GuruFocus' analysis, Microwave Filter Co (MFCO) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.33, compared to a current price of $1.34 — trading 306.1% above its estimated fair value. The current Net Current Asset Value is $0.29, which is 82% below median its 10-year median of 1.61 and 94.6% below the Hardware industry median of 5.41. Microwave Filter Co's overall GF Score™ is 29/100 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 Microwave Filter Co (MFCO), the current Net Current Asset Value is $0.29 as of Sep. 2025. 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 Microwave Filter Co (MFCO) Overvalued in 2026?
Based on GuruFocus' analysis, Microwave Filter Co stock appears to be overvalued.
The current stock price of $1.34 is trading 306.1% above its estimated GF Value™ of $0.33.
GuruFocus considers Microwave Filter Co to be Significantly Overvalued.
Key valuation signals for MFCO:
Net Current Asset Value: $0.29 (82% below median its 10-year median of 1.61)
GF Value™: $0.33 vs. price of $1.34 (306.1% above fair value)
Industry Position: 94.6% below the Hardware median (#811 of 1842)
No single metric tells the full story. See the MFCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Microwave Filter Co Inc operates in the United States and designs, develops, manufactures and sells electronic filters for radio and microwave frequencies. Its products support signal distribution and interference prevention and serve cable television, broadcast, satellite, mobile radio, cellular including 5G, telephone, commercial, aerospace and defense markets. The Company offers filter products covering frequencies from 5 Hz to 50 GHz, including custom designs such as waveguide, stripline and microstrip, lumped element, dielectric resonator, and cavity and coaxial topologies. Its product range includes bandpass, bandstop, highpass and lowpass filters, combiners, couplers, diplexers, adaptors, and CATV headend channel deletion filters and networks for wireless and PCS applications.
29GF Score
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