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Murata Manufacturing CoMRAAF +1.39%70 Net Current Asset Value is $3.81 as of Mar. 2026, which is 35% below its 10-year median of 5.83. GuruFocus rates MRAAF with a GF Score™ of 70/100 and a GF Value™ of $22.06 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,839 Hardware companies, Murata Manufacturing Co ranks worse than 75.8% 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).
Murata Manufacturing Co's net current asset value per share for the quarter that ended in Mar. 2026 was $3.81.
The historical rank and industry rank for Murata Manufacturing Co's Net Current Asset Value or its related term are showing as below:
MRAAF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.09 Med: 5.83 Max: 14.02
Current: 12.59
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Murata Manufacturing Co was 14.02. The lowest was 4.09. And the median was 5.83.
MRAAF's Price-to-Net-Current-Asset-Value is ranked worse than 75.8% of 1839
companies
in the Hardware industry
Industry Median: 4.84
vs MRAAF: 12.59
Murata Manufacturing Co (OTCPK:MRAAF) 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.
Murata Manufacturing Co Net Current Asset Value Related Terms
Murata Manufacturing Co Net Current Asset Value Historical Data
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The historical data trend for Murata Manufacturing 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.
Murata Manufacturing Co Net Current Asset Value Chart
MRAAF vs APH, GLW, TEL: Net Current Asset Value Comparison
For the Electronic Components subindustry, Murata Manufacturing 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.
Murata Manufacturing Co Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Murata Manufacturing Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Murata Manufacturing 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 $3.81 mean?
Murata Manufacturing Co (MRAAF) has a Net Current Asset Value of $3.81 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 Murata Manufacturing Co and its competitors. This is 35% below median its historical median of 5.83. Over the past decade, Murata Manufacturing Co's Net Current Asset Value has ranged from 4.09 to 14.02. According to the industry distribution chart, Murata Manufacturing Co ranks #1394 out of 1839 companies in the Hardware industry, placing it in the top 75.8%.
Is Murata Manufacturing Co's Net Current Asset Value too high?
Murata Manufacturing Co's current Net Current Asset Value of $3.81 is 35% below median its 10-year median of 5.83. Over the past 10 years, this metric has ranged from a low of 4.09 to a high of 14.02. The Hardware industry median Net Current Asset Value is 4.84. Murata Manufacturing Co's value of $3.81 is 21.3% below this industry median. Based on the distribution chart, Murata Manufacturing Co ranks #1394 out of 1839 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Murata Manufacturing Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Murata Manufacturing Co's Net Current Asset Value compare to APH and GLW?
According to the Hardware industry distribution chart, Murata Manufacturing Co ranks #1394 out of 1839 companies for Net Current Asset Value. This places Murata Manufacturing Co in the lower half of its industry. The industry median Net Current Asset Value is 4.84. Murata Manufacturing Co's value of $3.81 is 21.3% below this benchmark. Historically, Murata Manufacturing Co's own Net Current Asset Value has ranged from 4.09 to 14.02 over the past decade. While the company's 10-year median is 5.83 vs. the industry median of 4.84, Murata Manufacturing 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 4.84, based on 1,839 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. Murata Manufacturing Co's current Net Current Asset Value of $3.81 is 21.3% 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 Murata Manufacturing Co and its competitors. For the Hardware industry, the median Net Current Asset Value is 4.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Murata Manufacturing Co's current Net Current Asset Value is $3.81, which is 35% below median its own 10-year median of 5.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Murata Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Murata Manufacturing Co (MRAAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $22.06, compared to a current price of $45.08 — trading 104.4% above its estimated fair value. The current Net Current Asset Value is $3.81, which is 35% below median its 10-year median of 5.83 and 21.3% below the Hardware industry median of 4.84. Murata Manufacturing Co's overall GF Score™ is 70/100 with 2 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 Murata Manufacturing Co (MRAAF), the current Net Current Asset Value is $3.81 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 Murata Manufacturing Co (MRAAF) Overvalued in 2026?
Based on GuruFocus' analysis, Murata Manufacturing Co stock appears to be overvalued.
The current stock price of $45.08 is trading 104.4% above its estimated GF Value™ of $22.06.
GuruFocus considers Murata Manufacturing Co to be Significantly Overvalued.
Key valuation signals for MRAAF:
Net Current Asset Value: $3.81 (35% below median its 10-year median of 5.83)
GF Value™: $22.06 vs. price of $45.08 (104.4% above fair value)
Industry Position: 21.3% below the Hardware median (#1394 of 1839)
No single metric tells the full story. See the MRAAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Murata Manufacturing produces passive components for electronic devices. Passive components are necessary for all electronic circuits, used to enable wireless communication, store electricity and handle electric flow, remove electromagnetic noise from circuits, and so on. Thus, passive components are imperative for electronic circuits. For instance, one high-end smartphone contains more than 1,000 passive components. Murata Manufacturing is the world's leading supplier of passive components, such as MLCC and SAW filters.
70GF Score
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