PerfectPERF +0.65%72 Net Current Asset Value is $1.30 as of Mar. 2026, which is 26% below its 10-year median of 1.75. GuruFocus rates PERF with a GF Score™ of 72/100 and a GF Value™ of $2.72 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,752 Software companies, Perfect ranks better than 91.21% 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).
Perfect's net current asset value per share for the quarter that ended in Mar. 2026 was $1.30.
The historical rank and industry rank for Perfect's Net Current Asset Value or its related term are showing as below:
PERF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.27 Med: 1.75 Max: 4.67
Current: 1.28
During the past 8 years, the highest Price-to-Net-Current-Asset-Value Ratio of Perfect was 4.67. The lowest was 1.27. And the median was 1.75.
PERF's Price-to-Net-Current-Asset-Value is ranked better than 91.21% of 1752
companies
in the Software industry
Industry Median: 4.79
vs PERF: 1.28
Perfect (NYSE:PERF) 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.
Perfect Net Current Asset Value Related Terms
Perfect Net Current Asset Value Historical Data
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The historical data trend for Perfect'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.
PERF vs DMRC, TRAK, EGAN: Net Current Asset Value Comparison
For the Software - Application subindustry, Perfect'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.
Perfect Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Perfect's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Perfect'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 $1.30 mean?
Perfect (PERF) has a Net Current Asset Value of $1.30 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 Perfect and its competitors. This is 26% below median its historical median of 1.75. Over the past decade, Perfect's Net Current Asset Value has ranged from 1.27 to 4.67. According to the industry distribution chart, Perfect ranks #154 out of 1752 companies in the Software industry, placing it in the top 8.8%.
Is Perfect's Net Current Asset Value too high?
Perfect's current Net Current Asset Value of $1.30 is 26% below median its 10-year median of 1.75. Over the past 10 years, this metric has ranged from a low of 1.27 to a high of 4.67. The Software industry median Net Current Asset Value is 4.79. Perfect's value of $1.30 is 72.9% below this industry median. Based on the distribution chart, Perfect ranks #154 out of 1752 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Perfect has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Perfect's Net Current Asset Value compare to DMRC and TRAK?
According to the Software industry distribution chart, Perfect ranks #154 out of 1752 companies for Net Current Asset Value. This places Perfect in the top 9% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 4.79. Perfect's value of $1.30 is 72.9% below this benchmark. Historically, Perfect's own Net Current Asset Value has ranged from 1.27 to 4.67 over the past decade. While the company's 10-year median is 1.75 vs. the industry median of 4.79, Perfect 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 Software company?
The median Net Current Asset Value among Software companies is 4.79, based on 1,752 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. Perfect's current Net Current Asset Value of $1.30 is 72.9% 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 Perfect and its competitors. For the Software industry, the median Net Current Asset Value is 4.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Perfect's current Net Current Asset Value is $1.30, which is 26% below median its own 10-year median of 1.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Perfect stock overvalued right now?
Based on GuruFocus' analysis, Perfect (PERF) is currently considered Possible Value Trap. The stock's GF Value™ is $2.72, compared to a current price of $1.66 — trading 38.9% below its estimated fair value. The current Net Current Asset Value is $1.30, which is 26% below median its 10-year median of 1.75 and 72.9% below the Software industry median of 4.79. Perfect's overall GF Score™ is 72/100 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 Perfect (PERF), the current Net Current Asset Value is $1.30 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 Perfect (PERF) Overvalued in 2026?
Based on GuruFocus' analysis, Perfect stock appears to be undervalued.
The current stock price of $1.66 is trading 38.9% below its estimated GF Value™ of $2.72.
GuruFocus considers Perfect to be Possible Value Trap.
Key valuation signals for PERF:
Net Current Asset Value: $1.30 (26% below median its 10-year median of 1.75)
GF Value™: $2.72 vs. price of $1.66 (38.9% below fair value)
Industry Position: 72.9% below the Software median (#154 of 1752)
No single metric tells the full story. See the PERF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Perfect Corp is engaged in the beauty and fashion tech revolution, providing omni-channel integrated solutions. The company runs a hybrid business model of direct consumer business (B2C business) and enterprise business (B2B business). For B2C businesses, the company offers six mobile apps under the "YouCam" suite, along with one online editing service tool, YouCam Online Editor, featuring AI and AR technologies. For B2B businesses, the company offers AI and AR-powered solutions tailored for the beauty and fashion industry. Geographically, the company has a presence in the United States, Americas-other, France, Japan, and Others. The company generates the majority of its revenue from the United States.
72GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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