NuScale PowerSMR -3.84%64 Net Current Asset Value is $2.86 as of Mar. 2026, which is 73% below its 10-year median of 10.50. GuruFocus rates SMR with a GF Score™ of 64/100 and a GF Value™ of $5.14 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,217 Industrial Products companies, NuScale Power ranks better than 67.57% 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).
NuScale Power's net current asset value per share for the quarter that ended in Mar. 2026 was $2.86.
The historical rank and industry rank for NuScale Power's Net Current Asset Value or its related term are showing as below:
SMR'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.99 Med: 10.5 Max: 26.74
Current: 3.41
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of NuScale Power was 26.74. The lowest was 2.99. And the median was 10.50.
SMR's Price-to-Net-Current-Asset-Value is ranked better than 67.57% of 2217
companies
in the Industrial Products industry
Industry Median: 5.58
vs SMR: 3.41
NuScale Power (NYSE:SMR) 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.
NuScale Power Net Current Asset Value Related Terms
NuScale Power Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for NuScale Power'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.
SMR vs KAI, HLIO, SXI: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, NuScale Power'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.
NuScale Power Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, NuScale Power's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where NuScale Power'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 $2.86 mean?
NuScale Power (SMR) has a Net Current Asset Value of $2.86 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 NuScale Power and its competitors. This is 73% below median its historical median of 10.50. Over the past decade, NuScale Power's Net Current Asset Value has ranged from 2.99 to 26.74. According to the industry distribution chart, NuScale Power ranks #719 out of 2217 companies in the Industrial Products industry, placing it in the top 32.4%.
Is NuScale Power's Net Current Asset Value too high?
NuScale Power's current Net Current Asset Value of $2.86 is 73% below median its 10-year median of 10.50. Over the past 10 years, this metric has ranged from a low of 2.99 to a high of 26.74. The Industrial Products industry median Net Current Asset Value is 5.58. NuScale Power's value of $2.86 is 48.7% below this industry median. Based on the distribution chart, NuScale Power ranks #719 out of 2217 companies in the Industrial Products industry, which is above the industry midpoint. Overall, NuScale Power has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NuScale Power's Net Current Asset Value compare to KAI and HLIO?
According to the Industrial Products industry distribution chart, NuScale Power ranks #719 out of 2217 companies for Net Current Asset Value. This puts NuScale Power in the upper half of its industry. The industry median Net Current Asset Value is 5.58. NuScale Power's value of $2.86 is 48.7% below this benchmark. Historically, NuScale Power's own Net Current Asset Value has ranged from 2.99 to 26.74 over the past decade. While the company's 10-year median is 10.50 vs. the industry median of 5.58, NuScale Power 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 an Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.58, based on 2,217 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. NuScale Power's current Net Current Asset Value of $2.86 is 48.7% 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 NuScale Power and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NuScale Power's current Net Current Asset Value is $2.86, which is 73% below median its own 10-year median of 10.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NuScale Power stock overvalued right now?
Based on GuruFocus' analysis, NuScale Power (SMR) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.14, compared to a current price of $9.76 — trading 89.9% above its estimated fair value. The current Net Current Asset Value is $2.86, which is 73% below median its 10-year median of 10.50 and 48.7% below the Industrial Products industry median of 5.58. NuScale Power's overall GF Score™ is 64/100 with 4 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 NuScale Power (SMR), the current Net Current Asset Value is $2.86 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 NuScale Power (SMR) Overvalued in 2026?
Based on GuruFocus' analysis, NuScale Power stock appears to be overvalued.
The current stock price of $9.76 is trading 89.9% above its estimated GF Value™ of $5.14.
GuruFocus considers NuScale Power to be Significantly Overvalued.
Key valuation signals for SMR:
Net Current Asset Value: $2.86 (73% below median its 10-year median of 10.50)
GF Value™: $5.14 vs. price of $9.76 (89.9% above fair value)
Industry Position: 48.7% below the Industrial Products median (#719 of 2217)
No single metric tells the full story. See the SMR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NuScale Power Corp is redefining nuclear power through the development of proprietary and inventive SMR technology that the Company believes will deliver safe, scalable, cost-effective and reliable carbon-free power. The Company's core technology, the Light Water Nuclear Reactor NuScale Power Module (NPM), can generate 77 MWe and is premised on well-established nuclear technology principles, with a focus on the integration of components, simplification or elimination of systems and use of passive safety features. Its products are VOYGR Plants and E2 Centers.
64GF Score
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