Montana Aerospace AGMTASF 45 Net Current Asset Value is $1.16 as of Mar. 2026, which is 96% below its 10-year median of 32.06. GuruFocus rates MTASF with a GF Score™ of 45/100 and a GF Value™ of $19.98 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 197 Aerospace & Defense companies, Montana Aerospace AG ranks worse than 80.71% 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).
Montana Aerospace AG's net current asset value per share for the quarter that ended in Mar. 2026 was $1.16.
The historical rank and industry rank for Montana Aerospace AG's Net Current Asset Value or its related term are showing as below:
MTASF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 21.79 Med: 32.06 Max: 36.01
Current: 21.79
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Montana Aerospace AG was 36.01. The lowest was 21.79. And the median was 32.06.
MTASF's Price-to-Net-Current-Asset-Value is ranked worse than 80.71% of 197
companies
in the Aerospace & Defense industry
Industry Median: 7.88
vs MTASF: 21.79
Montana Aerospace AG (OTCPK:MTASF) 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.
Montana Aerospace AG Net Current Asset Value Related Terms
Montana Aerospace AG Net Current Asset Value Historical Data
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The historical data trend for Montana Aerospace AG'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.
Montana Aerospace AG Net Current Asset Value Chart
MTASF vs GE, RTX, BA: Net Current Asset Value Comparison
For the Aerospace & Defense subindustry, Montana Aerospace AG'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.
Montana Aerospace AG Price-to-Net-Current-Asset-Value vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Montana Aerospace AG's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Montana Aerospace AG'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 $1.16 mean?
Montana Aerospace AG (MTASF) has a Net Current Asset Value of $1.16 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 Montana Aerospace AG and its competitors. This is 96% below median its historical median of 32.06. Over the past decade, Montana Aerospace AG's Net Current Asset Value has ranged from 21.79 to 36.01. According to the industry distribution chart, Montana Aerospace AG ranks #159 out of 197 companies in the Aerospace & Defense industry, placing it in the top 80.7%.
Is Montana Aerospace AG's Net Current Asset Value too high?
Montana Aerospace AG's current Net Current Asset Value of $1.16 is 96% below median its 10-year median of 32.06. Over the past 10 years, this metric has ranged from a low of 21.79 to a high of 36.01. The Aerospace & Defense industry median Net Current Asset Value is 7.88. Montana Aerospace AG's value of $1.16 is 85.3% below this industry median. Based on the distribution chart, Montana Aerospace AG ranks #159 out of 197 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Montana Aerospace AG has a GF Score™ of 45/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Montana Aerospace AG's Net Current Asset Value compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, Montana Aerospace AG ranks #159 out of 197 companies for Net Current Asset Value. This places Montana Aerospace AG in the lower half of its industry. The industry median Net Current Asset Value is 7.88. Montana Aerospace AG's value of $1.16 is 85.3% below this benchmark. Historically, Montana Aerospace AG's own Net Current Asset Value has ranged from 21.79 to 36.01 over the past decade. While the company's 10-year median is 32.06 vs. the industry median of 7.88, Montana Aerospace AG 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 an Aerospace & Defense company?
The median Net Current Asset Value among Aerospace & Defense companies is 7.88, based on 197 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. Montana Aerospace AG's current Net Current Asset Value of $1.16 is 85.3% 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 Montana Aerospace AG and its competitors. For the Aerospace & Defense industry, the median Net Current Asset Value is 7.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Montana Aerospace AG's current Net Current Asset Value is $1.16, which is 96% below median its own 10-year median of 32.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Montana Aerospace AG stock overvalued right now?
Based on GuruFocus' analysis, Montana Aerospace AG (MTASF) is currently considered Modestly Overvalued. The stock's GF Value™ is $19.98, compared to a current price of $25.71 — trading 28.7% above its estimated fair value. The current Net Current Asset Value is $1.16, which is 96% below median its 10-year median of 32.06 and 85.3% below the Aerospace & Defense industry median of 7.88. Montana Aerospace AG's overall GF Score™ is 45/100 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 Montana Aerospace AG (MTASF), the current Net Current Asset Value is $1.16 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 Montana Aerospace AG (MTASF) Overvalued in 2026?
Based on GuruFocus' analysis, Montana Aerospace AG stock appears to be overvalued.
The current stock price of $25.71 is trading 28.7% above its estimated GF Value™ of $19.98.
GuruFocus considers Montana Aerospace AG to be Modestly Overvalued.
Key valuation signals for MTASF:
Net Current Asset Value: $1.16 (96% below median its 10-year median of 32.06)
GF Value™: $19.98 vs. price of $25.71 (28.7% above fair value)
Industry Position: 85.3% below the Aerospace & Defense median (#159 of 197)
No single metric tells the full story. See the MTASF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Montana Aerospace AG is a vertically integrated manufacturer and supplier of complex components, structures, and customized assemblies, as well as semi-finished products for specialized applications in a wide array of end markets. The company's reportable segments are Aerostructures and Alpine Metal Tech. Maximum revenue is generated from the Aerostructures segment, which develops and manufactures aircraft parts. Its product portfolio ranges from structural components for fuselage, wings, and landing gear to critical engine components subject to high thermal and mechanical loads, and functional components for the cabin interior. Geographically, the company generates maximum revenue from the USA, followed by Brazil, Germany, China, the United Kingdom, Belgium, and other countries.
45GF Score
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