Russel MetalsRUSMF 79 Net Current Asset Value is $9.97 as of Mar. 2026, which is 247% above its 10-year median of 2.87. GuruFocus rates RUSMF with a GF Score™ of 79/100 and a GF Value™ of $35.31 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 104 Industrial Distribution companies, Russel Metals ranks worse than 65.38% 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).
Russel Metals's net current asset value per share for the quarter that ended in Mar. 2026 was $9.97.
The historical rank and industry rank for Russel Metals's Net Current Asset Value or its related term are showing as below:
RUSMF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.76 Med: 2.87 Max: 4.4
Current: 4.39
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Russel Metals was 4.40. The lowest was 1.76. And the median was 2.87.
RUSMF's Price-to-Net-Current-Asset-Value is ranked worse than 65.38% of 104
companies
in the Industrial Distribution industry
Industry Median: 2.655
vs RUSMF: 4.39
Russel Metals (OTCPK:RUSMF) 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.
Russel Metals Net Current Asset Value Related Terms
Russel Metals Net Current Asset Value Historical Data
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The historical data trend for Russel Metals'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.
RUSMF vs GWW, FAST, FERG: Net Current Asset Value Comparison
For the Industrial Distribution subindustry, Russel Metals'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.
Russel Metals Price-to-Net-Current-Asset-Value vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Russel Metals's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Russel Metals'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 $9.97 mean?
Russel Metals (RUSMF) has a Net Current Asset Value of $9.97 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 Russel Metals and its competitors. This is 247% above median its historical median of 2.87. Over the past decade, Russel Metals' Net Current Asset Value has ranged from 1.76 to 4.40. According to the industry distribution chart, Russel Metals ranks #68 out of 104 companies in the Industrial Distribution industry, placing it in the top 65.4%.
Is Russel Metals' Net Current Asset Value too high?
Russel Metals' current Net Current Asset Value of $9.97 is 247% above median its 10-year median of 2.87. Over the past 10 years, this metric has ranged from a low of 1.76 to a high of 4.40. The Industrial Distribution industry median Net Current Asset Value is 2.66. Russel Metals' value of $9.97 is 275.5% above this industry median. Based on the distribution chart, Russel Metals ranks #68 out of 104 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Russel Metals has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Russel Metals' Net Current Asset Value compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Russel Metals ranks #68 out of 104 companies for Net Current Asset Value. This places Russel Metals in the lower half of its industry. The industry median Net Current Asset Value is 2.66. Russel Metals' value of $9.97 is 275.5% above this benchmark. Historically, Russel Metals' own Net Current Asset Value has ranged from 1.76 to 4.40 over the past decade. While the company's 10-year median is 2.87 vs. the industry median of 2.66, Russel Metals has consistently been above 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 Distribution company?
The median Net Current Asset Value among Industrial Distribution companies is 2.66, based on 104 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. Russel Metals's current Net Current Asset Value of $9.97 is 275.5% above 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 Russel Metals and its competitors. For the Industrial Distribution industry, the median Net Current Asset Value is 2.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Russel Metals's current Net Current Asset Value is $9.97, which is 247% above median its own 10-year median of 2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Russel Metals stock overvalued right now?
Based on GuruFocus' analysis, Russel Metals (RUSMF) is currently considered Modestly Overvalued. The stock's GF Value™ is $35.31, compared to a current price of $42.07 — trading 19.1% above its estimated fair value. The current Net Current Asset Value is $9.97, which is 247% above median its 10-year median of 2.87 and 275.5% above the Industrial Distribution industry median of 2.66. Russel Metals' overall GF Score™ is 79/100 with 8 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 Russel Metals (RUSMF), the current Net Current Asset Value is $9.97 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 Russel Metals (RUSMF) Overvalued in 2026?
Based on GuruFocus' analysis, Russel Metals stock appears to be overvalued.
The current stock price of $42.07 is trading 19.1% above its estimated GF Value™ of $35.31.
GuruFocus considers Russel Metals to be Modestly Overvalued.
Key valuation signals for RUSMF:
Net Current Asset Value: $9.97 (247% above median its 10-year median of 2.87)
GF Value™: $35.31 vs. price of $42.07 (19.1% above fair value)
Industry Position: 275.5% above the Industrial Distribution median (#68 of 104)
No single metric tells the full story. See the RUSMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Russel Metals Inc is a Canada-based metal distribution company. The company conducts business in Canada and the U.S. in three operating and reportable segments: Metals Service Centers, Energy Field Stores, and Steel Distributors. The majority of its revenue is generated from the Metals Service Centers segment, which carries an extensive line of metal products in a wide range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum, and other non-ferrous specialty metals. It purchases these products mainly from North American steel producers, processes, packages, and sells them to end users in accordance with their specific needs. Geographically, the company generates maximum revenue from Canada.
79GF Score
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