Rani Therapeutics HoldingsRANI +0.38%32 Net Current Asset Value is $0.24 as of Mar. 2026, which is 96% below its 10-year median of 6.18. GuruFocus rates RANI with a GF Scoreâ„¢ of 32/100. The stock has 3 warning signs investors should review. Among 946 Biotechnology companies, Rani Therapeutics Holdings ranks better than 65.33% 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).
Rani Therapeutics Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was $0.24.
The historical rank and industry rank for Rani Therapeutics Holdings's Net Current Asset Value or its related term are showing as below:
RANI'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.06 Med: 6.18 Max: 15.09
Current: 3.21
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of Rani Therapeutics Holdings was 15.09. The lowest was 3.06. And the median was 6.18.
RANI's Price-to-Net-Current-Asset-Value is ranked better than 65.33% of 946
companies
in the Biotechnology industry
Industry Median: 4.87
vs RANI: 3.21
Rani Therapeutics Holdings (NAS:RANI) 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 GrahamÂ’s 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.
Rani Therapeutics Holdings Net Current Asset Value Related Terms
Rani Therapeutics Holdings 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.
Rani Therapeutics Holdings Net Current Asset Value Chart
RANI vs IBIO, RNTX, OSTX: Net Current Asset Value Comparison
For the Biotechnology subindustry, Rani Therapeutics Holdings'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.
Rani Therapeutics Holdings Price-to-Net-Current-Asset-Value vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Rani Therapeutics Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Rani Therapeutics Holdings'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 $0.24 mean?
Rani Therapeutics Holdings (RANI) has a Net Current Asset Value of $0.24 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 Rani Therapeutics Holdings and its competitors. This is 96% below median its historical median of 6.18. Over the past decade, Rani Therapeutics Holdings' Net Current Asset Value has ranged from 3.06 to 15.09. According to the industry distribution chart, Rani Therapeutics Holdings ranks #328 out of 946 companies in the Biotechnology industry, placing it in the top 34.7%.
Is Rani Therapeutics Holdings' Net Current Asset Value too high?
Rani Therapeutics Holdings' current Net Current Asset Value of $0.24 is 96% below median its 10-year median of 6.18. Over the past 10 years, this metric has ranged from a low of 3.06 to a high of 15.09. The Biotechnology industry median Net Current Asset Value is 4.87. Rani Therapeutics Holdings' value of $0.24 is 95.1% below this industry median. Based on the distribution chart, Rani Therapeutics Holdings ranks #328 out of 946 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Rani Therapeutics Holdings has a GF Scoreâ„¢ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Rani Therapeutics Holdings' Net Current Asset Value compare to IBIO and RNTX?
According to the Biotechnology industry distribution chart, Rani Therapeutics Holdings ranks #328 out of 946 companies for Net Current Asset Value. This puts Rani Therapeutics Holdings in the upper half of its industry. The industry median Net Current Asset Value is 4.87. Rani Therapeutics Holdings' value of $0.24 is 95.1% below this benchmark. Historically, Rani Therapeutics Holdings' own Net Current Asset Value has ranged from 3.06 to 15.09 over the past decade. While the company's 10-year median is 6.18 vs. the industry median of 4.87, Rani Therapeutics Holdings 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 Biotechnology company?
The median Net Current Asset Value among Biotechnology companies is 4.87, based on 946 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. Rani Therapeutics Holdings's current Net Current Asset Value of $0.24 is 95.1% 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 Rani Therapeutics Holdings and its competitors. For the Biotechnology industry, the median Net Current Asset Value is 4.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rani Therapeutics Holdings's current Net Current Asset Value is $0.24, which is 96% below median its own 10-year median of 6.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rani Therapeutics Holdings stock overvalued right now?
Rani Therapeutics Holdings (RANI) has a current Net Current Asset Value of $0.24. The current Net Current Asset Value is $0.24, which is 96% below median its 10-year median of 6.18 and 95.1% below the Biotechnology industry median of 4.87. Rani Therapeutics Holdings' overall GF Score™ is 32/100 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 Rani Therapeutics Holdings (RANI), the current Net Current Asset Value is $0.24 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.
Rani Therapeutics Holdings Inc is a clinical-stage biotherapeutics company advancing technologies to enable the development of orally administered biologics to provide patients, physicians, and healthcare systems with a convenient alternative to painful injections. The company has developed the RaniPill capsule, which is designed to deliver a wide variety of drug substances, including antibodies, proteins, peptides, and oligonucleotides. RaniPill is a proprietary and patented platform technology, intended to replace subcutaneous or IV injection of biologics with oral dosing. The company is also engaged in developing RaniPill HC, which is intended to enable the delivery of drug payloads in liquid form with high bioavailability.
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