M3MTHRY -0.72%86 Net Current Asset Value is $0.21 as of Mar. 2026, which is 99% below its 10-year median of 30.88. GuruFocus rates MTHRY with a GF Score™ of 86/100 and a GF Value™ of $7.56 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 274 Healthcare Providers & Services companies, M3 ranks worse than 87.59% 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).
M3's net current asset value per share for the quarter that ended in Mar. 2026 was $0.21.
The historical rank and industry rank for M3's Net Current Asset Value or its related term are showing as below:
MTHRY'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 14.28 Med: 30.88 Max: 78.83
Current: 27.6
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of M3 was 78.83. The lowest was 14.28. And the median was 30.88.
MTHRY's Price-to-Net-Current-Asset-Value is ranked worse than 87.59% of 274
companies
in the Healthcare Providers & Services industry
Industry Median: 5.995
vs MTHRY: 27.60
M3 (OTCPK:MTHRY) 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.
M3 Net Current Asset Value Related Terms
M3 Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for M3'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.
MTHRY vs VEEV, BTSG, TEM: Net Current Asset Value Comparison
For the Health Information Services subindustry, M3'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.
M3 Price-to-Net-Current-Asset-Value vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, M3's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where M3'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 $0.21 mean?
M3 (MTHRY) has a Net Current Asset Value of $0.21 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 M3 and its competitors. This is 99% below median its historical median of 30.88. Over the past decade, M3's Net Current Asset Value has ranged from 14.28 to 78.83. According to the industry distribution chart, M3 ranks #240 out of 274 companies in the Healthcare Providers & Services industry, placing it in the top 87.6%.
Is M3's Net Current Asset Value too high?
M3's current Net Current Asset Value of $0.21 is 99% below median its 10-year median of 30.88. Over the past 10 years, this metric has ranged from a low of 14.28 to a high of 78.83. The Healthcare Providers & Services industry median Net Current Asset Value is 6.00. M3's value of $0.21 is 96.5% below this industry median. Based on the distribution chart, M3 ranks #240 out of 274 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, M3 has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does M3's Net Current Asset Value compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, M3 ranks #240 out of 274 companies for Net Current Asset Value. This places M3 in the lower half of its industry. The industry median Net Current Asset Value is 6.00. M3's value of $0.21 is 96.5% below this benchmark. Historically, M3's own Net Current Asset Value has ranged from 14.28 to 78.83 over the past decade. While the company's 10-year median is 30.88 vs. the industry median of 6.00, M3 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 Healthcare Providers & Services company?
The median Net Current Asset Value among Healthcare Providers & Services companies is 6.00, based on 274 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. M3's current Net Current Asset Value of $0.21 is 96.5% 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 M3 and its competitors. For the Healthcare Providers & Services industry, the median Net Current Asset Value is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M3's current Net Current Asset Value is $0.21, which is 99% below median its own 10-year median of 30.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M3 stock overvalued right now?
Based on GuruFocus' analysis, M3 (MTHRY) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.56, compared to a current price of $5.52 — trading 27% below its estimated fair value. The current Net Current Asset Value is $0.21, which is 99% below median its 10-year median of 30.88 and 96.5% below the Healthcare Providers & Services industry median of 6.00. M3's overall GF Score™ is 86/100 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 M3 (MTHRY), the current Net Current Asset Value is $0.21 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 M3 (MTHRY) Overvalued in 2026?
Based on GuruFocus' analysis, M3 stock appears to be undervalued.
The current stock price of $5.52 is trading 27% below its estimated GF Value™ of $7.56.
GuruFocus considers M3 to be Modestly Undervalued.
Key valuation signals for MTHRY:
Net Current Asset Value: $0.21 (99% below median its 10-year median of 30.88)
GF Value™: $7.56 vs. price of $5.52 (27% below fair value)
Industry Position: 96.5% below the Healthcare Providers & Services median (#240 of 274)
No single metric tells the full story. See the MTHRY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
M3 Inc is a Japan-based company engaged in providing medical-related services through internet-based platforms and real-world operations. The company operates six reportable segments: Medical Platform, Evidence Solutions, Career Solutions, Site Solutions, Patient Solutions, and Overseas. Its businesses include online marketing for medical professionals, clinical trial support, human resources services for medical professionals, operational support for medical institutions, and patient support services. The Overseas segment offers similar services internationally, including in the United States, the United Kingdom, China, South Korea, India, France, Germany, and Spain.
86GF Score
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