Rave Restaurant GroupRAVE +1.00%80 Net Current Asset Value is $0.86 as of Mar. 2026, which is 85% below its 10-year median of 5.93. GuruFocus rates RAVE with a GF Score™ of 80/100 and a GF Value™ of $2.73 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 71 Restaurants companies, Rave Restaurant Group ranks better than 80.28% 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).
Rave Restaurant Group's net current asset value per share for the quarter that ended in Mar. 2026 was $0.86.
The historical rank and industry rank for Rave Restaurant Group's Net Current Asset Value or its related term are showing as below:
RAVE'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.08 Med: 5.93 Max: 61.5
Current: 3.86
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Rave Restaurant Group was 61.50. The lowest was 3.08. And the median was 5.93.
RAVE's Price-to-Net-Current-Asset-Value is ranked better than 80.28% of 71
companies
in the Restaurants industry
Industry Median: 9.95
vs RAVE: 3.86
Rave Restaurant Group (NAS:RAVE) 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.
Rave Restaurant Group Net Current Asset Value Related Terms
Rave Restaurant Group Net Current Asset Value Historical Data
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The historical data trend for Rave Restaurant Group'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.
Rave Restaurant Group Net Current Asset Value Chart
RAVE vs THCH, STKS, ARKR: Net Current Asset Value Comparison
For the Restaurants subindustry, Rave Restaurant Group'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.
Rave Restaurant Group Price-to-Net-Current-Asset-Value vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Rave Restaurant Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Rave Restaurant Group'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 $0.86 mean?
Rave Restaurant Group (RAVE) has a Net Current Asset Value of $0.86 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 Rave Restaurant Group and its competitors. This is 85% below median its historical median of 5.93. Over the past decade, Rave Restaurant Group's Net Current Asset Value has ranged from 3.08 to 61.50. According to the industry distribution chart, Rave Restaurant Group ranks #14 out of 71 companies in the Restaurants industry, placing it in the top 19.7%.
Is Rave Restaurant Group's Net Current Asset Value too high?
Rave Restaurant Group's current Net Current Asset Value of $0.86 is 85% below median its 10-year median of 5.93. Over the past 10 years, this metric has ranged from a low of 3.08 to a high of 61.50. The Restaurants industry median Net Current Asset Value is 9.95. Rave Restaurant Group's value of $0.86 is 91.4% below this industry median. Based on the distribution chart, Rave Restaurant Group ranks #14 out of 71 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Rave Restaurant Group has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rave Restaurant Group's Net Current Asset Value compare to THCH and STKS?
According to the Restaurants industry distribution chart, Rave Restaurant Group ranks #14 out of 71 companies for Net Current Asset Value. This places Rave Restaurant Group in the top 20% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 9.95. Rave Restaurant Group's value of $0.86 is 91.4% below this benchmark. Historically, Rave Restaurant Group's own Net Current Asset Value has ranged from 3.08 to 61.50 over the past decade. While the company's 10-year median is 5.93 vs. the industry median of 9.95, Rave Restaurant Group 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 Restaurants company?
The median Net Current Asset Value among Restaurants companies is 9.95, based on 71 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. Rave Restaurant Group's current Net Current Asset Value of $0.86 is 91.4% 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 Rave Restaurant Group and its competitors. For the Restaurants industry, the median Net Current Asset Value is 9.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rave Restaurant Group's current Net Current Asset Value is $0.86, which is 85% below median its own 10-year median of 5.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rave Restaurant Group stock overvalued right now?
Based on GuruFocus' analysis, Rave Restaurant Group (RAVE) is currently considered Modestly Overvalued. The stock's GF Value™ is $2.73, compared to a current price of $3.32 — trading 21.6% above its estimated fair value. The current Net Current Asset Value is $0.86, which is 85% below median its 10-year median of 5.93 and 91.4% below the Restaurants industry median of 9.95. Rave Restaurant Group's overall GF Score™ is 80/100 with 1 warning sign 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 Rave Restaurant Group (RAVE), the current Net Current Asset Value is $0.86 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 Rave Restaurant Group (RAVE) Overvalued in 2026?
Based on GuruFocus' analysis, Rave Restaurant Group stock appears to be overvalued.
The current stock price of $3.32 is trading 21.6% above its estimated GF Value™ of $2.73.
GuruFocus considers Rave Restaurant Group to be Modestly Overvalued.
Key valuation signals for RAVE:
Net Current Asset Value: $0.86 (85% below median its 10-year median of 5.93)
GF Value™: $2.73 vs. price of $3.32 (21.6% above fair value)
Industry Position: 91.4% below the Restaurants median (#14 of 71)
No single metric tells the full story. See the RAVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rave Restaurant Group Inc operates and franchises pizza buffet, delivery/carry-out, express restaurants, and ghost kitchens. It operates restaurants under the brand name, Pizza Inn, and Pie Five Pizza Company. It has three operating segments. The Pizza Inn Franchising and Pie Five Franchising segments establish franchisees, licensees, and territorial rights. The corporate administration and other segments. The Pizza Inn Franchising segment accounts for the majority of the company's revenue. Geographically, it generates the majority of the revenue from the United States.
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