Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Remitly GlobalRELY -3.00%74 Net Current Asset Value is $3.66 as of Mar. 2026, which is 40% below its 10-year median of 6.09. GuruFocus rates RELY with a GF Score™ of 74/100 and a GF Value™ of $26.31 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,758 Software companies, Remitly Global ranks worse than 59.9% 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).
Remitly Global's net current asset value per share for the quarter that ended in Mar. 2026 was $3.66.
The historical rank and industry rank for Remitly Global's Net Current Asset Value or its related term are showing as below:
RELY'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.9 Med: 6.09 Max: 12.79
Current: 6.31
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of Remitly Global was 12.79. The lowest was 2.90. And the median was 6.09.
RELY's Price-to-Net-Current-Asset-Value is ranked worse than 59.9% of 1758
companies
in the Software industry
Industry Median: 4.71
vs RELY: 6.31
Remitly Global (NAS:RELY) 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.
Remitly Global Net Current Asset Value Related Terms
Remitly Global Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Remitly Global'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.
RELY vs ZETA, WEX, VRNS: Net Current Asset Value Comparison
For the Software - Infrastructure subindustry, Remitly Global'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.
Remitly Global Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Remitly Global's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Remitly Global'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 $3.66 mean?
Remitly Global (RELY) has a Net Current Asset Value of $3.66 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 Remitly Global and its competitors. This is 40% below median its historical median of 6.09. Over the past decade, Remitly Global's Net Current Asset Value has ranged from 2.90 to 12.79. According to the industry distribution chart, Remitly Global ranks #1053 out of 1758 companies in the Software industry, placing it in the top 59.9%.
Is Remitly Global's Net Current Asset Value too high?
Remitly Global's current Net Current Asset Value of $3.66 is 40% below median its 10-year median of 6.09. Over the past 10 years, this metric has ranged from a low of 2.90 to a high of 12.79. The Software industry median Net Current Asset Value is 4.71. Remitly Global's value of $3.66 is 22.3% below this industry median. Based on the distribution chart, Remitly Global ranks #1053 out of 1758 companies in the Software industry, which is below the industry midpoint. Overall, Remitly Global has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Remitly Global's Net Current Asset Value compare to ZETA and WEX?
According to the Software industry distribution chart, Remitly Global ranks #1053 out of 1758 companies for Net Current Asset Value. This places Remitly Global in the lower half of its industry. The industry median Net Current Asset Value is 4.71. Remitly Global's value of $3.66 is 22.3% below this benchmark. Historically, Remitly Global's own Net Current Asset Value has ranged from 2.90 to 12.79 over the past decade. While the company's 10-year median is 6.09 vs. the industry median of 4.71, Remitly Global 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 4.71, based on 1,758 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. Remitly Global's current Net Current Asset Value of $3.66 is 22.3% 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 Remitly Global and its competitors. For the Software industry, the median Net Current Asset Value is 4.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Remitly Global's current Net Current Asset Value is $3.66, which is 40% below median its own 10-year median of 6.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Remitly Global stock overvalued right now?
Based on GuruFocus' analysis, Remitly Global (RELY) is currently considered Modestly Undervalued. The stock's GF Value™ is $26.31, compared to a current price of $23.11 — trading 12.2% below its estimated fair value. The current Net Current Asset Value is $3.66, which is 40% below median its 10-year median of 6.09 and 22.3% below the Software industry median of 4.71. Remitly Global's overall GF Score™ is 74/100 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 Remitly Global (RELY), the current Net Current Asset Value is $3.66 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 Remitly Global (RELY) Overvalued in 2026?
Based on GuruFocus' analysis, Remitly Global stock appears to be undervalued.
The current stock price of $23.11 is trading 12.2% below its estimated GF Value™ of $26.31.
GuruFocus considers Remitly Global to be Modestly Undervalued.
Key valuation signals for RELY:
Net Current Asset Value: $3.66 (40% below median its 10-year median of 6.09)
GF Value™: $26.31 vs. price of $23.11 (12.2% below fair value)
Industry Position: 22.3% below the Software median (#1053 of 1758)
No single metric tells the full story. See the RELY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated from transaction fees charged to customers, and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
74GF Score
Get the complete analysis for RELY
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
RELY has been successfully added to your 
