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Nurix TherapeuticsNRIX +0.36%61 Net Current Asset Value is $3.12 as of May. 2026, which is 11% below its 10-year median of 3.51. GuruFocus rates NRIX with a GF Score™ of 61/100 and a GF Value™ of $6.40 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 935 Biotechnology companies, Nurix Therapeutics ranks worse than 66.84% 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).
Nurix Therapeutics's net current asset value per share for the quarter that ended in May. 2026 was $3.12.
The historical rank and industry rank for Nurix Therapeutics's Net Current Asset Value or its related term are showing as below:
NRIX'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.13 Med: 3.51 Max: 8.61
Current: 8.08
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Nurix Therapeutics was 8.61. The lowest was 2.13. And the median was 3.51.
NRIX's Price-to-Net-Current-Asset-Value is ranked worse than 66.84% of 935
companies
in the Biotechnology industry
Industry Median: 4.72
vs NRIX: 8.08
Nurix Therapeutics (NAS:NRIX) 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.
Nurix Therapeutics Net Current Asset Value Related Terms
Nurix Therapeutics Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Nurix Therapeutics'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.
NRIX vs PHVS, NKTR, TRVI: Net Current Asset Value Comparison
For the Biotechnology subindustry, Nurix Therapeutics'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.
Nurix Therapeutics Price-to-Net-Current-Asset-Value vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Nurix Therapeutics's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Nurix Therapeutics'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 $3.12 mean?
Nurix Therapeutics (NRIX) has a Net Current Asset Value of $3.12 as of May. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Nurix Therapeutics and its competitors. This is 11% below median its historical median of 3.51. Over the past decade, Nurix Therapeutics' Net Current Asset Value has ranged from 2.13 to 8.61. According to the industry distribution chart, Nurix Therapeutics ranks #625 out of 935 companies in the Biotechnology industry, placing it in the top 66.8%.
Is Nurix Therapeutics' Net Current Asset Value too high?
Nurix Therapeutics' current Net Current Asset Value of $3.12 is 11% below median its 10-year median of 3.51. Over the past 10 years, this metric has ranged from a low of 2.13 to a high of 8.61. The Biotechnology industry median Net Current Asset Value is 4.72. Nurix Therapeutics' value of $3.12 is 33.9% below this industry median. Based on the distribution chart, Nurix Therapeutics ranks #625 out of 935 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Nurix Therapeutics has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nurix Therapeutics' Net Current Asset Value compare to PHVS and NKTR?
According to the Biotechnology industry distribution chart, Nurix Therapeutics ranks #625 out of 935 companies for Net Current Asset Value. This places Nurix Therapeutics in the lower half of its industry. The industry median Net Current Asset Value is 4.72. Nurix Therapeutics' value of $3.12 is 33.9% below this benchmark. Historically, Nurix Therapeutics' own Net Current Asset Value has ranged from 2.13 to 8.61 over the past decade. While the company's 10-year median is 3.51 vs. the industry median of 4.72, Nurix Therapeutics 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 Biotechnology company?
The median Net Current Asset Value among Biotechnology companies is 4.72, based on 935 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. Nurix Therapeutics's current Net Current Asset Value of $3.12 is 33.9% 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 Nurix Therapeutics and its competitors. For the Biotechnology industry, the median Net Current Asset Value is 4.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nurix Therapeutics's current Net Current Asset Value is $3.12, which is 11% below median its own 10-year median of 3.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nurix Therapeutics stock overvalued right now?
Based on GuruFocus' analysis, Nurix Therapeutics (NRIX) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.40, compared to a current price of $25.22 — trading 294.1% above its estimated fair value. The current Net Current Asset Value is $3.12, which is 11% below median its 10-year median of 3.51 and 33.9% below the Biotechnology industry median of 4.72. Nurix Therapeutics' overall GF Score™ is 61/100 with 6 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 Nurix Therapeutics (NRIX), the current Net Current Asset Value is $3.12 as of May. 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 Nurix Therapeutics (NRIX) Overvalued in 2026?
Based on GuruFocus' analysis, Nurix Therapeutics stock appears to be overvalued.
The current stock price of $25.22 is trading 294.1% above its estimated GF Value™ of $6.40.
GuruFocus considers Nurix Therapeutics to be Significantly Overvalued.
Key valuation signals for NRIX:
Net Current Asset Value: $3.12 (11% below median its 10-year median of 3.51)
GF Value™: $6.40 vs. price of $25.22 (294.1% above fair value)
Industry Position: 33.9% below the Biotechnology median (#625 of 935)
No single metric tells the full story. See the NRIX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nurix Therapeutics Inc is a clinical-stage biopharmaceutical company focused on the discovery, development, and potential commercialization of targeted protein degradation therapies for cancer and inflammatory diseases. It utilizes an integrated discovery platform that incorporates artificial intelligence and ligase expertise to support its research activities. The company's pipeline includes Bexobrutideg (NX-5948), Zelebrudomide (NX-2127), NX-1607 and BRAF degrader. These drug candidates target specific proteins involved in immune and cancer-related pathways. It operates in a single business segment.
61GF Score
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