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Nocopi TechnologiesNNUP 55 Net Current Asset Value is $1.18 as of Mar. 2026, which is 67% below its 10-year median of 3.55. GuruFocus rates NNUP with a GF Score™ of 55/100 and a GF Value™ of $1.02 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 945 Chemicals companies, Nocopi Technologies ranks better than 88.04% 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).
Nocopi Technologies's net current asset value per share for the quarter that ended in Mar. 2026 was $1.18.
The historical rank and industry rank for Nocopi Technologies's Net Current Asset Value or its related term are showing as below:
NNUP'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.27 Med: 3.55 Max: 34.8
Current: 1.46
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Nocopi Technologies was 34.80. The lowest was 1.27. And the median was 3.55.
NNUP's Price-to-Net-Current-Asset-Value is ranked better than 88.04% of 945
companies
in the Chemicals industry
Industry Median: 4.92
vs NNUP: 1.46
Nocopi Technologies (OTCPK:NNUP) 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.
Nocopi Technologies Net Current Asset Value Related Terms
Nocopi Technologies Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Nocopi Technologies'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.
NNUP vs BON, SNES, YMAT: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Nocopi Technologies'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.
Nocopi Technologies Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nocopi Technologies's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Nocopi Technologies'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 $1.18 mean?
Nocopi Technologies (NNUP) has a Net Current Asset Value of $1.18 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 Nocopi Technologies and its competitors. This is 67% below median its historical median of 3.55. Over the past decade, Nocopi Technologies' Net Current Asset Value has ranged from 1.27 to 34.80. According to the industry distribution chart, Nocopi Technologies ranks #113 out of 945 companies in the Chemicals industry, placing it in the top 12%.
Is Nocopi Technologies' Net Current Asset Value too high?
Nocopi Technologies' current Net Current Asset Value of $1.18 is 67% below median its 10-year median of 3.55. Over the past 10 years, this metric has ranged from a low of 1.27 to a high of 34.80. The Chemicals industry median Net Current Asset Value is 4.92. Nocopi Technologies' value of $1.18 is 76% below this industry median. Based on the distribution chart, Nocopi Technologies ranks #113 out of 945 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Nocopi Technologies has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nocopi Technologies' Net Current Asset Value compare to BON and SNES?
According to the Chemicals industry distribution chart, Nocopi Technologies ranks #113 out of 945 companies for Net Current Asset Value. This places Nocopi Technologies in the top 12% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 4.92. Nocopi Technologies' value of $1.18 is 76% below this benchmark. Historically, Nocopi Technologies' own Net Current Asset Value has ranged from 1.27 to 34.80 over the past decade. While the company's 10-year median is 3.55 vs. the industry median of 4.92, Nocopi Technologies 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 Chemicals company?
The median Net Current Asset Value among Chemicals companies is 4.92, based on 945 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. Nocopi Technologies's current Net Current Asset Value of $1.18 is 76% 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 Nocopi Technologies and its competitors. For the Chemicals industry, the median Net Current Asset Value is 4.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nocopi Technologies's current Net Current Asset Value is $1.18, which is 67% below median its own 10-year median of 3.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nocopi Technologies stock overvalued right now?
Based on GuruFocus' analysis, Nocopi Technologies (NNUP) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.02, compared to a current price of $1.72 — trading 68.6% above its estimated fair value. The current Net Current Asset Value is $1.18, which is 67% below median its 10-year median of 3.55 and 76% below the Chemicals industry median of 4.92. Nocopi Technologies' overall GF Score™ is 55/100 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 Nocopi Technologies (NNUP), the current Net Current Asset Value is $1.18 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 Nocopi Technologies (NNUP) Overvalued in 2026?
Based on GuruFocus' analysis, Nocopi Technologies stock appears to be overvalued.
The current stock price of $1.72 is trading 68.6% above its estimated GF Value™ of $1.02.
GuruFocus considers Nocopi Technologies to be Significantly Overvalued.
Key valuation signals for NNUP:
Net Current Asset Value: $1.18 (67% below median its 10-year median of 3.55)
GF Value™: $1.02 vs. price of $1.72 (68.6% above fair value)
Industry Position: 76% below the Chemicals median (#113 of 945)
No single metric tells the full story. See the NNUP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nocopi Technologies Inc develops and markets specialty reactive inks. The main business activities of the company are the development and distribution of document security products and the licensing of its patented reactive ink technologies for the entertainment toy and document and product authentication markets in the United States and foreign countries. The primary geographic markets of the company are North America, South America, Europe, Asia, and Australia. Geographically, the company generates maximum revenue from Asia.
55GF Score
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