Aptera MotorsSEV -5.70%12 Net Current Asset Value is $0.24 as of Mar. 2026, which is 100% below its 10-year median of 220.02. GuruFocus rates SEV with a GF Score™ of 12/100. The stock has 2 warning signs investors should review. Among 707 Vehicles & Parts companies, Aptera Motors ranks worse than 69.17% 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).
Aptera Motors'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 Aptera Motors's Net Current Asset Value or its related term are showing as below:
SEV'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 8.96 Med: 220.02 Max: 429
Current: 8.96
During the past 3 years, the highest Price-to-Net-Current-Asset-Value Ratio of Aptera Motors was 429.00. The lowest was 8.96. And the median was 220.02.
SEV's Price-to-Net-Current-Asset-Value is ranked worse than 69.17% of 707
companies
in the Vehicles & Parts industry
Industry Median: 5
vs SEV: 8.96
Aptera Motors (NAS:SEV) 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.
Aptera Motors Net Current Asset Value Related Terms
Aptera Motors Net Current Asset Value Historical Data
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The historical data trend for Aptera Motors'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.
SEV vs GGR, FFAI, EMPD: Net Current Asset Value Comparison
For the Auto Manufacturers subindustry, Aptera Motors'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.
Aptera Motors Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Aptera Motors's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Aptera Motors'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?
Aptera Motors (SEV) 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 Aptera Motors and its competitors. This is 100% below median its historical median of 220.02. Over the past decade, Aptera Motors' Net Current Asset Value has ranged from 8.96 to 429.00. According to the industry distribution chart, Aptera Motors ranks #489 out of 707 companies in the Vehicles & Parts industry, placing it in the top 69.2%.
Is Aptera Motors' Net Current Asset Value too high?
Aptera Motors' current Net Current Asset Value of $0.24 is 100% below median its 10-year median of 220.02. Over the past 10 years, this metric has ranged from a low of 8.96 to a high of 429.00. The Vehicles & Parts industry median Net Current Asset Value is 5.00. Aptera Motors' value of $0.24 is 95.2% below this industry median. Based on the distribution chart, Aptera Motors ranks #489 out of 707 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Aptera Motors has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Aptera Motors' Net Current Asset Value compare to GGR and FFAI?
According to the Vehicles & Parts industry distribution chart, Aptera Motors ranks #489 out of 707 companies for Net Current Asset Value. This places Aptera Motors in the lower half of its industry. The industry median Net Current Asset Value is 5.00. Aptera Motors' value of $0.24 is 95.2% below this benchmark. Historically, Aptera Motors' own Net Current Asset Value has ranged from 8.96 to 429.00 over the past decade. While the company's 10-year median is 220.02 vs. the industry median of 5.00, Aptera Motors 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 Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 5.00, based on 707 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. Aptera Motors's current Net Current Asset Value of $0.24 is 95.2% 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 Aptera Motors and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aptera Motors's current Net Current Asset Value is $0.24, which is 100% below median its own 10-year median of 220.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aptera Motors stock overvalued right now?
Aptera Motors (SEV) has a current Net Current Asset Value of $0.24. The current Net Current Asset Value is $0.24, which is 100% below median its 10-year median of 220.02 and 95.2% below the Vehicles & Parts industry median of 5.00. Aptera Motors' overall GF Score™ is 12/100 with 2 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 Aptera Motors (SEV), 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.
Aptera Motors Corp engages in the development, production, and distribution of energy efficient solar-powered, battery-electric vehicles. The company has designed the Aptera vehicle to provide up to an estimated 40 miles per day by collecting energy from the sun and storing it in its proprietary battery pack. The company operates as a single reportable segment focused on the development of solar electric vehicles.
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