Force MotorsNSE:FORCEMOT +0.02%77 Net Current Asset Value is ₹1,129.64 as of Mar. 2026, which is 100% below its 10-year median of 13.07. GuruFocus rates NSE:FORCEMOT with a GF Score™ of 77/100 and a GF Value™ of ₹10,884.99 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 706 Vehicles & Parts companies, Force Motors ranks worse than 80.88% 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).
Force Motors's net current asset value per share for the quarter that ended in Mar. 2026 was ₹1,129.64.
The historical rank and industry rank for Force Motors's Net Current Asset Value or its related term are showing as below:
NSE:FORCEMOT'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 8.9 Med: 13.07 Max: 24.84
Current: 16.07
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Force Motors was 24.84. The lowest was 8.90. And the median was 13.07.
NSE:FORCEMOT's Price-to-Net-Current-Asset-Value is ranked worse than 80.88% of 706
companies
in the Vehicles & Parts industry
Industry Median: 4.755
vs NSE:FORCEMOT: 16.07
Force Motors (NSE:FORCEMOT) 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.
Force Motors Net Current Asset Value Related Terms
Force Motors Net Current Asset Value Historical Data
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The historical data trend for Force Motors'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:FORCEMOT vs TSLA, GM, F: Net Current Asset Value Comparison
For the Auto Manufacturers subindustry, Force Motors'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.
Force Motors Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Force Motors's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Force Motors'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 ₹1,129.64 mean?
Force Motors (NSE:FORCEMOT) has a Net Current Asset Value of ₹1,129.64 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 Force Motors and its competitors. This is 8543% above median its historical median of 13.07. Over the past decade, Force Motors' Net Current Asset Value has ranged from 8.90 to 24.84. According to the industry distribution chart, Force Motors ranks #571 out of 706 companies in the Vehicles & Parts industry, placing it in the top 80.9%.
Is Force Motors' Net Current Asset Value too high?
Force Motors' current Net Current Asset Value of ₹1,129.64 is 8543% above median its 10-year median of 13.07. Over the past 10 years, this metric has ranged from a low of 8.90 to a high of 24.84. Based on the distribution chart, Force Motors ranks #571 out of 706 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Force Motors has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Force Motors' Net Current Asset Value compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Force Motors ranks #571 out of 706 companies for Net Current Asset Value. This places Force Motors in the lower half of its industry. The industry median Net Current Asset Value is 4.76. Historically, Force Motors' own Net Current Asset Value has ranged from 8.90 to 24.84 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 a Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 4.76, based on 706 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 Force Motors and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 4.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Force Motors's current Net Current Asset Value is ₹1,129.64, which is 8543% above median its own 10-year median of 13.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Force Motors stock overvalued right now?
Based on GuruFocus' analysis, Force Motors (NSE:FORCEMOT) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹10,884.99, compared to a current price of ₹18,170.00 — trading 66.9% above its estimated fair value. The current Net Current Asset Value is ₹1,129.64, which is 8543% above median its 10-year median of 13.07. Force Motors' overall GF Score™ is 77/100 with 1 warning sign 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 Force Motors (NSE:FORCEMOT), the current Net Current Asset Value is ₹1,129.64 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 Force Motors (NSE:FORCEMOT) Overvalued in 2026?
Based on GuruFocus' analysis, Force Motors stock appears to be overvalued.
The current stock price of ₹18,170.00 is trading 66.9% above its estimated GF Value™ of ₹10,884.99.
GuruFocus considers Force Motors to be Significantly Overvalued.
Key valuation signals for NSE:FORCEMOT:
Net Current Asset Value: ₹1,129.64 (8543% above median its 10-year median of 13.07)
GF Value™: ₹10,884.99 vs. price of ₹18,170.00 (66.9% above fair value)
No single metric tells the full story. See the NSE:FORCEMOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Force Motors Ltd is an automobile manufacturing company domiciled in India. The company principally manufactures small commercial vehicles, including cargo transportation; light commercial vehicles, such as buses and vans; multi-utility vehicles; sports utility vehicles; and agricultural tractors. In addition to vehicle manufacturing operations, Force Motors manufactures products related to the automobile industry, such as diesel engines. Production is largely sold domestically, and the company's manufacturing operations are conducted in domestic plants.
77GF Score
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