SoundHound AISOUN -1.87%72 Net Current Asset Value is $0.25 as of Mar. 2026, which is 99% below its 10-year median of 31.23. GuruFocus rates SOUN with a GF Score™ of 72/100 and a GF Value™ of $11.75 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,755 Software companies, SoundHound AI ranks worse than 89.34% 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).
SoundHound AI's net current asset value per share for the quarter that ended in Mar. 2026 was $0.25.
The historical rank and industry rank for SoundHound AI's Net Current Asset Value or its related term are showing as below:
SOUN'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 7.6 Med: 31.23 Max: 201
Current: 26.2
During the past 6 years, the highest Price-to-Net-Current-Asset-Value Ratio of SoundHound AI was 201.00. The lowest was 7.60. And the median was 31.23.
SOUN's Price-to-Net-Current-Asset-Value is ranked worse than 89.34% of 1755
companies
in the Software industry
Industry Median: 4.89
vs SOUN: 26.20
SoundHound AI (NAS:SOUN) 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.
SoundHound AI Net Current Asset Value Related Terms
SoundHound AI Net Current Asset Value Historical Data
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The historical data trend for SoundHound AI'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.
SOUN vs WK, FRSH, FSLY: Net Current Asset Value Comparison
For the Software - Application subindustry, SoundHound AI'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.
SoundHound AI Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, SoundHound AI's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where SoundHound AI'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 $0.25 mean?
SoundHound AI (SOUN) has a Net Current Asset Value of $0.25 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 SoundHound AI and its competitors. This is 99% below median its historical median of 31.23. Over the past decade, SoundHound AI's Net Current Asset Value has ranged from 7.60 to 201.00. According to the industry distribution chart, SoundHound AI ranks #1568 out of 1755 companies in the Software industry, placing it in the top 89.3%.
Is SoundHound AI's Net Current Asset Value too high?
SoundHound AI's current Net Current Asset Value of $0.25 is 99% below median its 10-year median of 31.23. Over the past 10 years, this metric has ranged from a low of 7.60 to a high of 201.00. The Software industry median Net Current Asset Value is 4.89. SoundHound AI's value of $0.25 is 94.9% below this industry median. Based on the distribution chart, SoundHound AI ranks #1568 out of 1755 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, SoundHound AI has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SoundHound AI's Net Current Asset Value compare to WK and FRSH?
According to the Software industry distribution chart, SoundHound AI ranks #1568 out of 1755 companies for Net Current Asset Value. This places SoundHound AI in the lower half of its industry. The industry median Net Current Asset Value is 4.89. SoundHound AI's value of $0.25 is 94.9% below this benchmark. Historically, SoundHound AI's own Net Current Asset Value has ranged from 7.60 to 201.00 over the past decade. While the company's 10-year median is 31.23 vs. the industry median of 4.89, SoundHound AI 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 4.89, based on 1,755 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. SoundHound AI's current Net Current Asset Value of $0.25 is 94.9% 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 SoundHound AI and its competitors. For the Software industry, the median Net Current Asset Value is 4.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SoundHound AI's current Net Current Asset Value is $0.25, which is 99% below median its own 10-year median of 31.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SoundHound AI stock overvalued right now?
Based on GuruFocus' analysis, SoundHound AI (SOUN) is currently considered Possible Value Trap. The stock's GF Value™ is $11.75, compared to a current price of $6.55 — trading 44.3% below its estimated fair value. The current Net Current Asset Value is $0.25, which is 99% below median its 10-year median of 31.23 and 94.9% below the Software industry median of 4.89. SoundHound AI's overall GF Score™ is 72/100 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 SoundHound AI (SOUN), the current Net Current Asset Value is $0.25 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 SoundHound AI (SOUN) Overvalued in 2026?
Based on GuruFocus' analysis, SoundHound AI stock appears to be undervalued.
The current stock price of $6.55 is trading 44.3% below its estimated GF Value™ of $11.75.
GuruFocus considers SoundHound AI to be Possible Value Trap.
Key valuation signals for SOUN:
Net Current Asset Value: $0.25 (99% below median its 10-year median of 31.23)
GF Value™: $11.75 vs. price of $6.55 (44.3% below fair value)
Industry Position: 94.9% below the Software median (#1568 of 1755)
No single metric tells the full story. See the SOUN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SoundHound AI Inc is an innovator of conversational intelligence, offering an independent Voice AI platform that enables businesses across industries to deliver high-quality conversational experiences to customers. The company's voice AI delivers speed and accuracy in numerous languages to product creators and service providers across retail, financial services, healthcare, automotive, smart devices, and restaurants via groundbreaking AI-driven products like Smart Answering, Smart Ordering, Dynamic Drive-Thru, and Amelia AI Agents.
72GF Score
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