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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:VICTORYEV'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0 Med: 0 Max: 2.83
Current: 2.79
During the past 3 years, the highest Price-to-Net-Current-Asset-Value Ratio of Victory Electric Vehicles International was 2.83. The lowest was 0.00. And the median was 0.00.
NSE:VICTORYEV's Price-to-Net-Current-Asset-Value is ranked better than 68.18% of 707
companies
in the Vehicles & Parts industry
Industry Median: 4.7
vs NSE:VICTORYEV: 2.79
Victory Electric Vehicles International (NSE:VICTORYEV) 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.
Victory Electric Vehicles International Net Current Asset Value Related Terms
Victory Electric Vehicles International 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.
Victory Electric Vehicles International Net Current Asset Value Chart
Victory Electric Vehicles International Annual Data
Trend
Mar23
Mar24
Mar25
Net Current Asset Value
0.77
3.29
5.35
Victory Electric Vehicles International Semi-Annual Data
Mar23
Mar24
Mar25
Sep25
Net Current Asset Value
0.77
3.29
5.35
6.06
NSE:VICTORYEV vs TSLA, GM, F: Net Current Asset Value Comparison
For the Auto Manufacturers subindustry, Victory Electric Vehicles International'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.
Victory Electric Vehicles International Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Victory Electric Vehicles International's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Victory Electric Vehicles International'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 ₹6.06 mean?
Victory Electric Vehicles International (NSE:VICTORYEV) has a Net Current Asset Value of ₹6.06 as of Sep. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Victory Electric Vehicles International and its competitors. According to the industry distribution chart, Victory Electric Vehicles International ranks #225 out of 707 companies in the Vehicles & Parts industry, placing it in the top 31.8%.
Is Victory Electric Vehicles International's Net Current Asset Value too high?
Victory Electric Vehicles International's current Net Current Asset Value is ₹6.06. Based on the distribution chart, Victory Electric Vehicles International ranks #225 out of 707 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Victory Electric Vehicles International has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Victory Electric Vehicles International's Net Current Asset Value compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Victory Electric Vehicles International ranks #225 out of 707 companies for Net Current Asset Value. This puts Victory Electric Vehicles International in the upper half of its industry. The industry median Net Current Asset Value is 4.70. 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 4.70, based on 707 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 Victory Electric Vehicles International and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 4.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Victory Electric Vehicles International's current Net Current Asset Value is ₹6.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victory Electric Vehicles International stock overvalued right now?
Victory Electric Vehicles International (NSE:VICTORYEV) has a current Net Current Asset Value of ₹6.06. The current Net Current Asset Value is ₹6.06. Victory Electric Vehicles International's overall GF Score™ is 18/100 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 Victory Electric Vehicles International (NSE:VICTORYEV), the current Net Current Asset Value is ₹6.06 as of Sep. 2025. 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.
Victory Electric Vehicles International Business Description
Victory Electric Vehicles International Ltd is engaged in the business of manufacturing of battery operated electric rickshaws and electric scooters. The company's key offerings include solar rickshaws, Auto-rickshaws, Motor vehicles, Scooters, Motor-Scooters, three-wheelers, motor cycles, cycles automobiles, and motorcars. Its product segments include Two wheelers, Three wheelers, Passenger Vehicles, and Commercial Vehicles. The company generates the majority of revenue from the sale of Electric Vehicles, mainly from Three-Wheeler vehicle sales.
18GF Score
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