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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).
NSE:KAVDEFENCE'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.5 Med: 6.76 Max: 9.01
Current: 5.17
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kavveri Defence & Wireless Technologies was 9.01. The lowest was 4.50. And the median was 6.76.
NSE:KAVDEFENCE's Price-to-Net-Current-Asset-Value is ranked worse than 50.11% of 1846
companies
in the Hardware industry
Industry Median: 5.16
vs NSE:KAVDEFENCE: 5.17
Kavveri Defence & Wireless Technologies (NSE:KAVDEFENCE) 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.
Kavveri Defence & Wireless Technologies Net Current Asset Value Related Terms
Kavveri Defence & Wireless Technologies Net Current Asset Value Historical Data
* 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.
Kavveri Defence & Wireless Technologies Net Current Asset Value Chart
Kavveri Defence & Wireless Technologies Annual Data
NSE:KAVDEFENCE vs CSCO, CIEN, MSI: Net Current Asset Value Comparison
For the Communication Equipment subindustry, Kavveri Defence & Wireless 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.
Kavveri Defence & Wireless Technologies Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Kavveri Defence & Wireless Technologies's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kavveri Defence & Wireless 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 ₹11.42 mean?
Kavveri Defence & Wireless Technologies (NSE:KAVDEFENCE) has a Net Current Asset Value of ₹11.42 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 Kavveri Defence & Wireless Technologies and its competitors. This is 69% above median its historical median of 6.76. Over the past decade, Kavveri Defence & Wireless Technologies' Net Current Asset Value has ranged from 4.50 to 9.01. According to the industry distribution chart, Kavveri Defence & Wireless Technologies ranks #925 out of 1846 companies in the Hardware industry, placing it in the top 50.1%.
Is Kavveri Defence & Wireless Technologies' Net Current Asset Value too high?
Kavveri Defence & Wireless Technologies' current Net Current Asset Value of ₹11.42 is 69% above median its 10-year median of 6.76. Over the past 10 years, this metric has ranged from a low of 4.50 to a high of 9.01. Based on the distribution chart, Kavveri Defence & Wireless Technologies ranks #925 out of 1846 companies in the Hardware industry, which is below the industry midpoint. Overall, Kavveri Defence & Wireless Technologies has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kavveri Defence & Wireless Technologies' Net Current Asset Value compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Kavveri Defence & Wireless Technologies ranks #925 out of 1846 companies for Net Current Asset Value. This places Kavveri Defence & Wireless Technologies in the lower half of its industry. The industry median Net Current Asset Value is 5.16. Historically, Kavveri Defence & Wireless Technologies' own Net Current Asset Value has ranged from 4.50 to 9.01 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.16, based on 1,846 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 Kavveri Defence & Wireless Technologies and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kavveri Defence & Wireless Technologies's current Net Current Asset Value is ₹11.42, which is 69% above median its own 10-year median of 6.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kavveri Defence & Wireless Technologies stock overvalued right now?
Based on GuruFocus' analysis, Kavveri Defence & Wireless Technologies (NSE:KAVDEFENCE) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹16.86, compared to a current price of ₹59.18 — trading 251% above its estimated fair value. The current Net Current Asset Value is ₹11.42, which is 69% above median its 10-year median of 6.76. Kavveri Defence & Wireless Technologies' overall GF Score™ is 51/100 with 4 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 Kavveri Defence & Wireless Technologies (NSE:KAVDEFENCE), the current Net Current Asset Value is ₹11.42 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 Kavveri Defence & Wireless Technologies (NSE:KAVDEFENCE) Overvalued in 2026?
Based on GuruFocus' analysis, Kavveri Defence & Wireless Technologies stock appears to be overvalued.
The current stock price of ₹59.18 is trading 251% above its estimated GF Value™ of ₹16.86.
GuruFocus considers Kavveri Defence & Wireless Technologies to be Significantly Overvalued.
Key valuation signals for NSE:KAVDEFENCE:
Net Current Asset Value: ₹11.42 (69% above median its 10-year median of 6.76)
GF Value™: ₹16.86 vs. price of ₹59.18 (251% above fair value)
No single metric tells the full story. See the NSE:KAVDEFENCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kavveri Defence & Wireless Technologies Business Description
Kavveri Defence & Wireless Technologies Ltd formerly Kavveri Telecom Products Ltd is engaged in the manufacture of telecom subsystems hardware equipment and solutions for the Telecom, Defence, and Space segments. It designs, develops, tests, and manufactures a range of wireless telecom products, from concept to deployment. also provides total turnkey solutions for coverage and capacity enhancement requirements for GSM 3G and CDMA carriers in India. The product portfolio includes Antennas, RF Components, Cables and Connectors, Repeaters, TMA/TMB and energy-conserving solar products.
51GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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