Opendoor TechnologiesOPEN +0.43%56 Net Current Asset Value is $0.88 as of Mar. 2026, which is 66% below its 10-year median of 2.59. GuruFocus rates OPEN with a GF Score™ of 56/100 and a GF Value™ of $1.23 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 757 Real Estate companies, Opendoor Technologies ranks worse than 74.5% 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).
Opendoor Technologies's net current asset value per share for the quarter that ended in Mar. 2026 was $0.88.
The historical rank and industry rank for Opendoor Technologies's Net Current Asset Value or its related term are showing as below:
OPEN'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.75 Med: 2.59 Max: 8.86
Current: 5.25
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Opendoor Technologies was 8.86. The lowest was 0.75. And the median was 2.59.
OPEN's Price-to-Net-Current-Asset-Value is ranked worse than 74.5% of 757
companies
in the Real Estate industry
Industry Median: 2.1
vs OPEN: 5.25
Opendoor Technologies (NAS:OPEN) 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.
Opendoor Technologies Net Current Asset Value Related Terms
Opendoor Technologies Net Current Asset Value Historical Data
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The historical data trend for Opendoor Technologies'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.
Opendoor Technologies Net Current Asset Value Chart
OPEN vs CWK, IHS, NMRK: Net Current Asset Value Comparison
For the Real Estate Services subindustry, Opendoor 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.
Opendoor Technologies Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Opendoor Technologies's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Opendoor 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 $0.88 mean?
Opendoor Technologies (OPEN) has a Net Current Asset Value of $0.88 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 Opendoor Technologies and its competitors. This is 66% below median its historical median of 2.59. Over the past decade, Opendoor Technologies' Net Current Asset Value has ranged from 0.75 to 8.86. According to the industry distribution chart, Opendoor Technologies ranks #564 out of 757 companies in the Real Estate industry, placing it in the top 74.5%.
Is Opendoor Technologies' Net Current Asset Value too high?
Opendoor Technologies' current Net Current Asset Value of $0.88 is 66% below median its 10-year median of 2.59. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 8.86. The Real Estate industry median Net Current Asset Value is 2.10. Opendoor Technologies' value of $0.88 is 58.1% below this industry median. Based on the distribution chart, Opendoor Technologies ranks #564 out of 757 companies in the Real Estate industry, which is below the industry midpoint. Overall, Opendoor Technologies has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Opendoor Technologies' Net Current Asset Value compare to CWK and IHS?
According to the Real Estate industry distribution chart, Opendoor Technologies ranks #564 out of 757 companies for Net Current Asset Value. This places Opendoor Technologies in the lower half of its industry. The industry median Net Current Asset Value is 2.10. Opendoor Technologies' value of $0.88 is 58.1% below this benchmark. Historically, Opendoor Technologies' own Net Current Asset Value has ranged from 0.75 to 8.86 over the past decade. While the company's 10-year median is 2.59 vs. the industry median of 2.10, Opendoor Technologies 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 Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.10, based on 757 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. Opendoor Technologies's current Net Current Asset Value of $0.88 is 58.1% 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 Opendoor Technologies and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Opendoor Technologies's current Net Current Asset Value is $0.88, which is 66% below median its own 10-year median of 2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Opendoor Technologies stock overvalued right now?
Based on GuruFocus' analysis, Opendoor Technologies (OPEN) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.23, compared to a current price of $4.62 — trading 275.6% above its estimated fair value. The current Net Current Asset Value is $0.88, which is 66% below median its 10-year median of 2.59 and 58.1% below the Real Estate industry median of 2.10. Opendoor Technologies' overall GF Score™ is 56/100 with 3 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 Opendoor Technologies (OPEN), the current Net Current Asset Value is $0.88 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 Opendoor Technologies (OPEN) Overvalued in 2026?
Based on GuruFocus' analysis, Opendoor Technologies stock appears to be overvalued.
The current stock price of $4.62 is trading 275.6% above its estimated GF Value™ of $1.23.
GuruFocus considers Opendoor Technologies to be Significantly Overvalued.
Key valuation signals for OPEN:
Net Current Asset Value: $0.88 (66% below median its 10-year median of 2.59)
GF Value™: $1.23 vs. price of $4.62 (275.6% above fair value)
Industry Position: 58.1% below the Real Estate median (#564 of 757)
No single metric tells the full story. See the OPEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Opendoor Technologies Inc is an end-to-end real estate platform enabling customers to sell and buy a home online. Its product offerings include Sell to Opendoor, its core product where sellers sell their homes directly to the company, and it resells those homes to buyers; List with Opendoor, for customers to list their homes with a partner agent; and Opendoor Marketplace, a capital-light marketplace offering that connects home sellers with both institutional and retail buyers. In addition to these products, the company also offers its customers integrated title insurance and escrow services through its subsidiaries. A vast majority of the company's revenue is generated by its core product offering, where it acquires homes directly from sellers and resells those homes to buyers.
56GF Score
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