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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
SpaceNet Enterprises IndiaNSE:SPCENET -1.99%62 Net Current Asset Value is ₹0.33 as of Mar. 2026, which is 100% below its 10-year median of 9.42. GuruFocus rates NSE:SPCENET with a GF Score™ of 62/100 and a GF Value™ of ₹23.05 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 502 Capital Markets companies, SpaceNet Enterprises India ranks worse than 79.88% 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).
SpaceNet Enterprises India's net current asset value per share for the quarter that ended in Mar. 2026 was ₹0.33.
The historical rank and industry rank for SpaceNet Enterprises India's Net Current Asset Value or its related term are showing as below:
NSE:SPCENET'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.61 Med: 9.42 Max: 35.48
Current: 10.42
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of SpaceNet Enterprises India was 35.48. The lowest was 5.61. And the median was 9.42.
NSE:SPCENET's Price-to-Net-Current-Asset-Value is ranked worse than 79.88% of 502
companies
in the Capital Markets industry
Industry Median: 2.635
vs NSE:SPCENET: 10.42
SpaceNet Enterprises India (NSE:SPCENET) 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.
SpaceNet Enterprises India Net Current Asset Value Related Terms
SpaceNet Enterprises India 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.
SpaceNet Enterprises India Net Current Asset Value Chart
NSE:SPCENET vs MS, GS, SCHW: Net Current Asset Value Comparison
For the Capital Markets subindustry, SpaceNet Enterprises India'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.
SpaceNet Enterprises India Price-to-Net-Current-Asset-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, SpaceNet Enterprises India's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where SpaceNet Enterprises India'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 ₹0.33 mean?
SpaceNet Enterprises India (NSE:SPCENET) has a Net Current Asset Value of ₹0.33 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 SpaceNet Enterprises India and its competitors. This is 96% below median its historical median of 9.42. Over the past decade, SpaceNet Enterprises India's Net Current Asset Value has ranged from 5.61 to 35.48. According to the industry distribution chart, SpaceNet Enterprises India ranks #401 out of 502 companies in the Capital Markets industry, placing it in the top 79.9%.
Is SpaceNet Enterprises India's Net Current Asset Value too high?
SpaceNet Enterprises India's current Net Current Asset Value of ₹0.33 is 96% below median its 10-year median of 9.42. Over the past 10 years, this metric has ranged from a low of 5.61 to a high of 35.48. Based on the distribution chart, SpaceNet Enterprises India ranks #401 out of 502 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, SpaceNet Enterprises India has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SpaceNet Enterprises India's Net Current Asset Value compare to MS and GS?
According to the Capital Markets industry distribution chart, SpaceNet Enterprises India ranks #401 out of 502 companies for Net Current Asset Value. This places SpaceNet Enterprises India in the lower half of its industry. The industry median Net Current Asset Value is 2.64. Historically, SpaceNet Enterprises India's own Net Current Asset Value has ranged from 5.61 to 35.48 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 Capital Markets company?
The median Net Current Asset Value among Capital Markets companies is 2.64, based on 502 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 SpaceNet Enterprises India and its competitors. For the Capital Markets industry, the median Net Current Asset Value is 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SpaceNet Enterprises India's current Net Current Asset Value is ₹0.33, which is 96% below median its own 10-year median of 9.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SpaceNet Enterprises India stock overvalued right now?
Based on GuruFocus' analysis, SpaceNet Enterprises India (NSE:SPCENET) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹23.05, compared to a current price of ₹3.44 — trading 85.1% below its estimated fair value. The current Net Current Asset Value is ₹0.33, which is 96% below median its 10-year median of 9.42. SpaceNet Enterprises India's overall GF Score™ is 62/100 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 SpaceNet Enterprises India (NSE:SPCENET), the current Net Current Asset Value is ₹0.33 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 SpaceNet Enterprises India (NSE:SPCENET) Overvalued in 2026?
Based on GuruFocus' analysis, SpaceNet Enterprises India stock appears to be undervalued.
The current stock price of ₹3.44 is trading 85.1% below its estimated GF Value™ of ₹23.05.
GuruFocus considers SpaceNet Enterprises India to be Significantly Undervalued.
Key valuation signals for NSE:SPCENET:
Net Current Asset Value: ₹0.33 (96% below median its 10-year median of 9.42)
GF Value™: ₹23.05 vs. price of ₹3.44 (85.1% below fair value)
No single metric tells the full story. See the NSE:SPCENET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SpaceNet Enterprises India Ltd is a FinTech company engaged in developing software tools and platforms for commodity trading, offering fast, flexible, and reliable trading solutions. The company also invests in and deals in gold and other commodities and operates in the TradeTech and trade finance space, supporting traders, SMEs, MSMEs, and broader trade channels through its technology-driven solutions. The group operates in two reportable segments: commodity trading and IT services.
62GF Score
Get the complete analysis for NSE:SPCENET
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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