Nortech SystemsNSYS -4.14%54 Net Current Asset Value is $6.64 as of Mar. 2026, which is 257% above its 10-year median of 1.86. GuruFocus rates NSYS with a GF Score™ of 54/100 and a GF Value™ of $9.24 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 569 Medical Devices & Instruments companies, Nortech Systems ranks better than 79.44% 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).
Nortech Systems's net current asset value per share for the quarter that ended in Mar. 2026 was $6.64.
The historical rank and industry rank for Nortech Systems's Net Current Asset Value or its related term are showing as below:
NSYS'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.12 Med: 1.86 Max: 39.95
Current: 2.1
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Nortech Systems was 39.95. The lowest was 1.12. And the median was 1.86.
NSYS's Price-to-Net-Current-Asset-Value is ranked better than 79.44% of 569
companies
in the Medical Devices & Instruments industry
Industry Median: 4.99
vs NSYS: 2.10
Nortech Systems (NAS:NSYS) 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.
Nortech Systems Net Current Asset Value Related Terms
Nortech Systems Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Nortech Systems'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.
NSYS vs ELUT, SRTS, MYO: Net Current Asset Value Comparison
For the Medical Devices subindustry, Nortech Systems'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.
Nortech Systems Price-to-Net-Current-Asset-Value vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Nortech Systems's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Nortech Systems'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 $6.64 mean?
Nortech Systems (NSYS) has a Net Current Asset Value of $6.64 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 Nortech Systems and its competitors. This is 257% above median its historical median of 1.86. Over the past decade, Nortech Systems' Net Current Asset Value has ranged from 1.12 to 39.95. According to the industry distribution chart, Nortech Systems ranks #117 out of 569 companies in the Medical Devices & Instruments industry, placing it in the top 20.6%.
Is Nortech Systems' Net Current Asset Value too high?
Nortech Systems' current Net Current Asset Value of $6.64 is 257% above median its 10-year median of 1.86. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 39.95. The Medical Devices & Instruments industry median Net Current Asset Value is 4.99. Nortech Systems' value of $6.64 is 33.1% above this industry median. Based on the distribution chart, Nortech Systems ranks #117 out of 569 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Nortech Systems has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nortech Systems' Net Current Asset Value compare to ELUT and SRTS?
According to the Medical Devices & Instruments industry distribution chart, Nortech Systems ranks #117 out of 569 companies for Net Current Asset Value. This places Nortech Systems in the top 21% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 4.99. Nortech Systems' value of $6.64 is 33.1% above this benchmark. Historically, Nortech Systems' own Net Current Asset Value has ranged from 1.12 to 39.95 over the past decade. While the company's 10-year median is 1.86 vs. the industry median of 4.99, Nortech Systems has consistently been above the industry average. 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 Medical Devices & Instruments company?
The median Net Current Asset Value among Medical Devices & Instruments companies is 4.99, based on 569 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. Nortech Systems's current Net Current Asset Value of $6.64 is 33.1% above the industry median. 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 Nortech Systems and its competitors. For the Medical Devices & Instruments industry, the median Net Current Asset Value is 4.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nortech Systems's current Net Current Asset Value is $6.64, which is 257% above median its own 10-year median of 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nortech Systems stock overvalued right now?
Based on GuruFocus' analysis, Nortech Systems (NSYS) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.24, compared to a current price of $13.89 — trading 50.3% above its estimated fair value. The current Net Current Asset Value is $6.64, which is 257% above median its 10-year median of 1.86 and 33.1% above the Medical Devices & Instruments industry median of 4.99. Nortech Systems' overall GF Score™ is 54/100 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 Nortech Systems (NSYS), the current Net Current Asset Value is $6.64 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 Nortech Systems (NSYS) Overvalued in 2026?
Based on GuruFocus' analysis, Nortech Systems stock appears to be overvalued.
The current stock price of $13.89 is trading 50.3% above its estimated GF Value™ of $9.24.
GuruFocus considers Nortech Systems to be Significantly Overvalued.
Key valuation signals for NSYS:
Net Current Asset Value: $6.64 (257% above median its 10-year median of 1.86)
GF Value™: $9.24 vs. price of $13.89 (50.3% above fair value)
Industry Position: 33.1% above the Medical Devices & Instruments median (#117 of 569)
No single metric tells the full story. See the NSYS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nortech Systems Inc is a United States-based electronic manufacturing services company. It offers value-added engineering, technical, and manufacturing services and support, including project management, design, testing, prototyping, manufacturing, supply chain management, and post-market services. The company's manufacturing and engineering services include complete medical devices, printed circuit board assemblies, wire and cable assemblies, and complex higher-level electro-mechanical assemblies. It operates in the Medical, Aerospace, Defense, and Industrial markets, with key revenue coming from medical-related markets.
54GF Score
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