Northern Technologies InternationalNTIC -1.33%56 Net Current Asset Value is $1.42 as of May. 2026, which is 75% below its 10-year median of 5.74. GuruFocus rates NTIC with a GF Score™ of 56/100 and a GF Value™ of $13.14 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 945 Chemicals companies, Northern Technologies International ranks worse than 53.44% 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).
The historical rank and industry rank for Northern Technologies International's Net Current Asset Value or its related term are showing as below:
NTIC'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.72 Med: 5.74 Max: 9.96
Current: 5.75
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Northern Technologies International was 9.96. The lowest was 2.72. And the median was 5.74.
NTIC's Price-to-Net-Current-Asset-Value is ranked worse than 53.44% of 945
companies
in the Chemicals industry
Industry Median: 5.2
vs NTIC: 5.75
Northern Technologies International (NAS:NTIC) 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.
Northern Technologies International Net Current Asset Value Related Terms
Northern Technologies 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.
Northern Technologies International Net Current Asset Value Chart
NTIC vs FSI, FEAM, KBLB: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Northern Technologies 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.
Northern Technologies International Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Northern Technologies International's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Northern Technologies 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 $1.42 mean?
Northern Technologies International (NTIC) has a Net Current Asset Value of $1.42 as of May. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Northern Technologies International and its competitors. This is 75% below median its historical median of 5.74. Over the past decade, Northern Technologies International's Net Current Asset Value has ranged from 2.72 to 9.96. According to the industry distribution chart, Northern Technologies International ranks #505 out of 945 companies in the Chemicals industry, placing it in the top 53.4%.
Is Northern Technologies International's Net Current Asset Value too high?
Northern Technologies International's current Net Current Asset Value of $1.42 is 75% below median its 10-year median of 5.74. Over the past 10 years, this metric has ranged from a low of 2.72 to a high of 9.96. The Chemicals industry median Net Current Asset Value is 5.20. Northern Technologies International's value of $1.42 is 72.7% below this industry median. Based on the distribution chart, Northern Technologies International ranks #505 out of 945 companies in the Chemicals industry, which is below the industry midpoint. Overall, Northern Technologies International has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Northern Technologies International's Net Current Asset Value compare to FSI and FEAM?
According to the Chemicals industry distribution chart, Northern Technologies International ranks #505 out of 945 companies for Net Current Asset Value. This places Northern Technologies International in the lower half of its industry. The industry median Net Current Asset Value is 5.20. Northern Technologies International's value of $1.42 is 72.7% below this benchmark. Historically, Northern Technologies International's own Net Current Asset Value has ranged from 2.72 to 9.96 over the past decade. While the company's 10-year median is 5.74 vs. the industry median of 5.20, Northern Technologies International has consistently been below 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 Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.20, based on 945 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. Northern Technologies International's current Net Current Asset Value of $1.42 is 72.7% below 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 Northern Technologies International and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Technologies International's current Net Current Asset Value is $1.42, which is 75% below median its own 10-year median of 5.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Technologies International stock overvalued right now?
Based on GuruFocus' analysis, Northern Technologies International (NTIC) is currently considered Possible Value Trap. The stock's GF Value™ is $13.14, compared to a current price of $8.16 — trading 37.9% below its estimated fair value. The current Net Current Asset Value is $1.42, which is 75% below median its 10-year median of 5.74 and 72.7% below the Chemicals industry median of 5.20. Northern Technologies International's overall GF Score™ is 56/100 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 Northern Technologies International (NTIC), the current Net Current Asset Value is $1.42 as of May. 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 Northern Technologies International (NTIC) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Technologies International stock appears to be undervalued.
The current stock price of $8.16 is trading 37.9% below its estimated GF Value™ of $13.14.
GuruFocus considers Northern Technologies International to be Possible Value Trap.
Key valuation signals for NTIC:
Net Current Asset Value: $1.42 (75% below median its 10-year median of 5.74)
GF Value™: $13.14 vs. price of $8.16 (37.9% below fair value)
Industry Position: 72.7% below the Chemicals median (#505 of 945)
No single metric tells the full story. See the NTIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Technologies International Business Description
Northern Technologies International Corp is a United States-based firm that develops and markets proprietary, environmentally beneficial products and services world wide either directly or through a network of joint ventures, distributors, and agents. It operates through two segments, which include ZERUST products and services and Nature-Tec products. Its main business is providing corrosion prevention solutions that are marketed under the ZERUST brand. The company also sells a portfolio of bio-based and biodegradable (compostable) polymer resin compounds and finished products marketed under the Nature-Tec brand. The ZERUST brand generates a vast majority of the revenue for the company. The company generates the majority of its revenue in the United States.
56GF Score
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