Oxford InstrumentsOXINF 80 Net Current Asset Value is $2.39 as of Mar. 2026, which is 84% below its 10-year median of 14.76. GuruFocus rates OXINF with a GF Score™ of 80/100 and a GF Value™ of $27.26 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,841 Hardware companies, Oxford Instruments ranks worse than 80.39% 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).
Oxford Instruments's net current asset value per share for the quarter that ended in Mar. 2026 was $2.39.
The historical rank and industry rank for Oxford Instruments's Net Current Asset Value or its related term are showing as below:
OXINF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 9.83 Med: 14.76 Max: 20.1
Current: 17.3
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Oxford Instruments was 20.10. The lowest was 9.83. And the median was 14.76.
OXINF's Price-to-Net-Current-Asset-Value is ranked worse than 80.39% of 1841
companies
in the Hardware industry
Industry Median: 5.53
vs OXINF: 17.30
Oxford Instruments (OTCPK:OXINF) 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.
Oxford Instruments Net Current Asset Value Related Terms
Oxford Instruments Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Oxford Instruments'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.
OXINF vs COHR, KEYS, GRMN: Net Current Asset Value Comparison
For the Scientific & Technical Instruments subindustry, Oxford Instruments'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.
Oxford Instruments Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Oxford Instruments's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Oxford Instruments'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 $2.39 mean?
Oxford Instruments (OXINF) has a Net Current Asset Value of $2.39 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 Oxford Instruments and its competitors. This is 84% below median its historical median of 14.76. Over the past decade, Oxford Instruments' Net Current Asset Value has ranged from 9.83 to 20.10. According to the industry distribution chart, Oxford Instruments ranks #1480 out of 1841 companies in the Hardware industry, placing it in the top 80.4%.
Is Oxford Instruments' Net Current Asset Value too high?
Oxford Instruments' current Net Current Asset Value of $2.39 is 84% below median its 10-year median of 14.76. Over the past 10 years, this metric has ranged from a low of 9.83 to a high of 20.10. The Hardware industry median Net Current Asset Value is 5.53. Oxford Instruments' value of $2.39 is 56.8% below this industry median. Based on the distribution chart, Oxford Instruments ranks #1480 out of 1841 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Oxford Instruments has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oxford Instruments' Net Current Asset Value compare to COHR and KEYS?
According to the Hardware industry distribution chart, Oxford Instruments ranks #1480 out of 1841 companies for Net Current Asset Value. This places Oxford Instruments in the lower half of its industry. The industry median Net Current Asset Value is 5.53. Oxford Instruments' value of $2.39 is 56.8% below this benchmark. Historically, Oxford Instruments' own Net Current Asset Value has ranged from 9.83 to 20.10 over the past decade. While the company's 10-year median is 14.76 vs. the industry median of 5.53, Oxford Instruments 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.53, based on 1,841 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. Oxford Instruments's current Net Current Asset Value of $2.39 is 56.8% 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 Oxford Instruments and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oxford Instruments's current Net Current Asset Value is $2.39, which is 84% below median its own 10-year median of 14.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oxford Instruments stock overvalued right now?
Based on GuruFocus' analysis, Oxford Instruments (OXINF) is currently considered Significantly Overvalued. The stock's GF Value™ is $27.26, compared to a current price of $41.00 — trading 50.4% above its estimated fair value. The current Net Current Asset Value is $2.39, which is 84% below median its 10-year median of 14.76 and 56.8% below the Hardware industry median of 5.53. Oxford Instruments' overall GF Score™ is 80/100 with 6 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 Oxford Instruments (OXINF), the current Net Current Asset Value is $2.39 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 Oxford Instruments (OXINF) Overvalued in 2026?
Based on GuruFocus' analysis, Oxford Instruments stock appears to be overvalued.
The current stock price of $41.00 is trading 50.4% above its estimated GF Value™ of $27.26.
GuruFocus considers Oxford Instruments to be Significantly Overvalued.
Key valuation signals for OXINF:
Net Current Asset Value: $2.39 (84% below median its 10-year median of 14.76)
GF Value™: $27.26 vs. price of $41.00 (50.4% above fair value)
Industry Position: 56.8% below the Hardware median (#1480 of 1841)
No single metric tells the full story. See the OXINF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oxford Instruments PLC is engaged in researching, developing, manufacturing, renting, selling, and servicing high-technology tools and systems. The company's operating segment includes Materials and Characterisation; Research and Discovery and Service and Healthcare. It generates maximum revenue from the Materials and Characterisation segment. The Materials and Characterisation segment focuses on applied R&D and commercial customers, enabling the fabrication and characterization of materials and devices down to the atomic scale. Geographically, it derives a majority of its revenue from Asia and also has a presence in Europe, North America, and the Rest of the World.
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