Polar PowerPOLA -1.63%45 Net Current Asset Value is $0.58 as of Mar. 2026, which is 73% below its 10-year median of 2.16. GuruFocus rates POLA with a GF Score™ of 45/100 and a GF Value™ of $1.14 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,217 Industrial Products companies, Polar Power ranks better than 69.33% 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).
Polar Power's net current asset value per share for the quarter that ended in Mar. 2026 was $0.58.
The historical rank and industry rank for Polar Power's Net Current Asset Value or its related term are showing as below:
POLA'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.72 Med: 2.16 Max: 8.92
Current: 3.12
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of Polar Power was 8.92. The lowest was 0.72. And the median was 2.16.
POLA's Price-to-Net-Current-Asset-Value is ranked better than 69.33% of 2217
companies
in the Industrial Products industry
Industry Median: 5.5
vs POLA: 3.12
Polar Power (NAS:POLA) 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.
Polar Power Net Current Asset Value Related Terms
Polar Power Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Polar Power'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.
POLA vs XPON, TOGI, PWDY: Net Current Asset Value Comparison
For the Electrical Equipment & Parts subindustry, Polar Power'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.
Polar Power Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Polar Power's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Polar Power'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 $0.58 mean?
Polar Power (POLA) has a Net Current Asset Value of $0.58 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 Polar Power and its competitors. This is 73% below median its historical median of 2.16. Over the past decade, Polar Power's Net Current Asset Value has ranged from 0.72 to 8.92. According to the industry distribution chart, Polar Power ranks #680 out of 2217 companies in the Industrial Products industry, placing it in the top 30.7%.
Is Polar Power's Net Current Asset Value too high?
Polar Power's current Net Current Asset Value of $0.58 is 73% below median its 10-year median of 2.16. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 8.92. The Industrial Products industry median Net Current Asset Value is 5.50. Polar Power's value of $0.58 is 89.5% below this industry median. Based on the distribution chart, Polar Power ranks #680 out of 2217 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Polar Power has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Polar Power's Net Current Asset Value compare to XPON and TOGI?
According to the Industrial Products industry distribution chart, Polar Power ranks #680 out of 2217 companies for Net Current Asset Value. This puts Polar Power in the upper half of its industry. The industry median Net Current Asset Value is 5.50. Polar Power's value of $0.58 is 89.5% below this benchmark. Historically, Polar Power's own Net Current Asset Value has ranged from 0.72 to 8.92 over the past decade. While the company's 10-year median is 2.16 vs. the industry median of 5.50, Polar Power 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 an Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.50, based on 2,217 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. Polar Power's current Net Current Asset Value of $0.58 is 89.5% 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 Polar Power and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polar Power's current Net Current Asset Value is $0.58, which is 73% below median its own 10-year median of 2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polar Power stock overvalued right now?
Based on GuruFocus' analysis, Polar Power (POLA) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.14, compared to a current price of $1.81 — trading 58.8% above its estimated fair value. The current Net Current Asset Value is $0.58, which is 73% below median its 10-year median of 2.16 and 89.5% below the Industrial Products industry median of 5.50. Polar Power's overall GF Score™ is 45/100 with 7 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 Polar Power (POLA), the current Net Current Asset Value is $0.58 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 Polar Power (POLA) Overvalued in 2026?
Based on GuruFocus' analysis, Polar Power stock appears to be overvalued.
The current stock price of $1.81 is trading 58.8% above its estimated GF Value™ of $1.14.
GuruFocus considers Polar Power to be Significantly Overvalued.
Key valuation signals for POLA:
Net Current Asset Value: $0.58 (73% below median its 10-year median of 2.16)
GF Value™: $1.14 vs. price of $1.81 (58.8% above fair value)
Industry Position: 89.5% below the Industrial Products median (#680 of 2217)
No single metric tells the full story. See the POLA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Polar Power Inc is engaged in designing, manufacturing, and selling DC power generators, renewable energy, and cooling systems for applications in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle, marine, and industrial. The company's products include DC generators, backup DC generators, hybrid power systems, Li-Ion battery systems, Marine DC generators, and others. The company's geographical presence is in the United States, Canada, Australia and South Pacific Islands, Other Asia Pacific, Europe and Middle East, United Kingdom, and South Africa.
45GF Score
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