Signet JewelersSIG -0.64%80 Net Current Asset Value is $-25.61 as of Apr. 2026. GuruFocus rates SIG with a GF Score™ of 80/100 and a GF Value™ of $96.30 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 553 Retail - Cyclical companies, Signet Jewelers ranks worse than 180831.65% 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).
Signet Jewelers's net current asset value per share for the quarter that ended in Apr. 2026 was $-25.61.
The historical rank and industry rank for Signet Jewelers's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Signet Jewelers was 30.06. The lowest was 6.72. And the median was 13.93.
SIG's Price-to-Net-Current-Asset-Value is not ranked *
in the Retail - Cyclical industry.
Industry Median: 3.11 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Signet Jewelers (NYSE:SIG) 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.
Signet Jewelers Net Current Asset Value Related Terms
Signet Jewelers Net Current Asset Value Historical Data
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The historical data trend for Signet Jewelers'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.
SIG vs CPRI, REAL, MOV: Net Current Asset Value Comparison
For the Luxury Goods subindustry, Signet Jewelers'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.
Signet Jewelers Price-to-Net-Current-Asset-Value vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Signet Jewelers's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Signet Jewelers'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 $-25.61 mean?
Signet Jewelers (SIG) has a Net Current Asset Value of $-25.61 as of Apr. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Signet Jewelers and its competitors. Over the past decade, Signet Jewelers' Net Current Asset Value has ranged from 6.72 to 30.06. According to the industry distribution chart, Signet Jewelers ranks #999999 out of 553 companies in the Retail - Cyclical industry.
Is Signet Jewelers' Net Current Asset Value too high?
Signet Jewelers' current Net Current Asset Value is $-25.61. Over the past 10 years, this metric has ranged from a low of 6.72 to a high of 30.06. Based on the distribution chart, Signet Jewelers ranks #999999 out of 553 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Signet Jewelers has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Signet Jewelers' Net Current Asset Value compare to CPRI and REAL?
According to the Retail - Cyclical industry distribution chart, Signet Jewelers ranks #999999 out of 553 companies for Net Current Asset Value. This places Signet Jewelers in the lower half of its industry. The industry median Net Current Asset Value is 3.11. Historically, Signet Jewelers' own Net Current Asset Value has ranged from 6.72 to 30.06 over the past decade. 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 Retail - Cyclical company?
The median Net Current Asset Value among Retail - Cyclical companies is 3.11, based on 553 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. 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 Signet Jewelers and its competitors. For the Retail - Cyclical industry, the median Net Current Asset Value is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Signet Jewelers's current Net Current Asset Value is $-25.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Signet Jewelers stock overvalued right now?
Based on GuruFocus' analysis, Signet Jewelers (SIG) is currently considered Modestly Undervalued. The stock's GF Value™ is $96.30, compared to a current price of $84.12 — trading 12.6% below its estimated fair value. The current Net Current Asset Value is $-25.61. Signet Jewelers' 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 Signet Jewelers (SIG), the current Net Current Asset Value is $-25.61 as of Apr. 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 Signet Jewelers (SIG) Overvalued in 2026?
Based on GuruFocus' analysis, Signet Jewelers stock appears to be undervalued.
The current stock price of $84.12 is trading 12.6% below its estimated GF Value™ of $96.30.
GuruFocus considers Signet Jewelers to be Modestly Undervalued.
Key valuation signals for SIG:
Net Current Asset Value: $-25.61
GF Value™: $96.30 vs. price of $84.12 (12.6% below fair value)
No single metric tells the full story. See the SIG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Signet Jewelers Ltd is a retailer of diamond jewelry. Its merchandise mix includes bridal, fashion, watches, and others. The bridal category includes engagement, wedding, and anniversary purchases. Its segments are the North America segment, the International segment, and the Other segment. The North America segment contributes to the majority of the revenue. The North America segment generates revenue from Mall and Outlet. Geographically, it operates in the USA, Canada, the UK, and Ireland, with the maximum revenue from the USA.
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