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DCX SystemNSE:DCXINDIA +0.48%70 Net Current Asset Value is ₹91.89 as of Mar. 2026, which is 100% below its 10-year median of 2.56. GuruFocus rates NSE:DCXINDIA with a GF Score™ of 70/100 and a GF Value™ of ₹149.00 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 199 Aerospace & Defense companies, DCX System ranks better than 95.48% 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).
DCX System's net current asset value per share for the quarter that ended in Mar. 2026 was ₹91.89.
The historical rank and industry rank for DCX System's Net Current Asset Value or its related term are showing as below:
NSE:DCXINDIA'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.68 Med: 2.56 Max: 3.09
Current: 1.96
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of DCX System was 3.09. The lowest was 1.68. And the median was 2.56.
NSE:DCXINDIA's Price-to-Net-Current-Asset-Value is ranked better than 95.48% of 199
companies
in the Aerospace & Defense industry
Industry Median: 7.43
vs NSE:DCXINDIA: 1.96
DCX System (NSE:DCXINDIA) 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.
DCX System Net Current Asset Value Related Terms
DCX System Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for DCX System'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.
NSE:DCXINDIA vs SPCX, GE, RTX: Net Current Asset Value Comparison
For the Aerospace & Defense subindustry, DCX System'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.
DCX System Price-to-Net-Current-Asset-Value vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, DCX System's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where DCX System'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 ₹91.89 mean?
DCX System (NSE:DCXINDIA) has a Net Current Asset Value of ₹91.89 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 DCX System and its competitors. This is 3489% above median its historical median of 2.56. Over the past decade, DCX System's Net Current Asset Value has ranged from 1.68 to 3.09. According to the industry distribution chart, DCX System ranks #9 out of 199 companies in the Aerospace & Defense industry, placing it in the top 4.5%.
Is DCX System's Net Current Asset Value too high?
DCX System's current Net Current Asset Value of ₹91.89 is 3489% above median its 10-year median of 2.56. Over the past 10 years, this metric has ranged from a low of 1.68 to a high of 3.09. Based on the distribution chart, DCX System ranks #9 out of 199 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, DCX System has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DCX System's Net Current Asset Value compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, DCX System ranks #9 out of 199 companies for Net Current Asset Value. This places DCX System in the top 5% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 7.43. Historically, DCX System's own Net Current Asset Value has ranged from 1.68 to 3.09 over the past decade. 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 7.43, based on 199 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. 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 DCX System and its competitors. For the Aerospace & Defense industry, the median Net Current Asset Value is 7.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DCX System's current Net Current Asset Value is ₹91.89, which is 3489% above median its own 10-year median of 2.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DCX System stock overvalued right now?
Based on GuruFocus' analysis, DCX System (NSE:DCXINDIA) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹149.00, compared to a current price of ₹180.68 — trading 21.3% above its estimated fair value. The current Net Current Asset Value is ₹91.89, which is 3489% above median its 10-year median of 2.56. DCX System's overall GF Score™ is 70/100 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 DCX System (NSE:DCXINDIA), the current Net Current Asset Value is ₹91.89 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 DCX System (NSE:DCXINDIA) Overvalued in 2026?
Based on GuruFocus' analysis, DCX System stock appears to be overvalued.
The current stock price of ₹180.68 is trading 21.3% above its estimated GF Value™ of ₹149.00.
GuruFocus considers DCX System to be Modestly Overvalued.
Key valuation signals for NSE:DCXINDIA:
Net Current Asset Value: ₹91.89 (3489% above median its 10-year median of 2.56)
GF Value™: ₹149.00 vs. price of ₹180.68 (21.3% above fair value)
No single metric tells the full story. See the NSE:DCXINDIA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressAerospace SEZ Sector, Plot Numbers 29, 30 and 107, Hitech Defence and Aerospace Park, Kavadadasanahal Village, Devanahalli Taluk, Bengaluru Rural, KA, IND, 562110
DCX System Ltd is an Indian Defence Manufacturing player offering a full service and manufacture of Electronic Systems and cable harnesses for both International and Domestic reputed customers. The company provides a spectrum of services to Aerospace, Land and Naval Defence systems, Satellites, and Civil Aviation. The company's robust business structure is divided into three main segments: Manufacturing, System Integration, and Other.
70GF Score
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