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Sphere 3DSTU:8S30 +8.72%42 Net Current Asset Value is €1.14 as of Mar. 2026, which is 100% below its 10-year median of 3.11. GuruFocus rates STU:8S30 with a GF Score™ of 42/100 and a GF Value™ of €0.29 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 502 Capital Markets companies, Sphere 3D ranks better than 70.72% 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).
Sphere 3D's net current asset value per share for the quarter that ended in Mar. 2026 was €1.14.
The historical rank and industry rank for Sphere 3D's Net Current Asset Value or its related term are showing as below:
STU:8S30'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.1 Med: 3.11 Max: 17.2
Current: 1.43
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Sphere 3D was 17.20. The lowest was 1.10. And the median was 3.11.
STU:8S30's Price-to-Net-Current-Asset-Value is ranked better than 70.72% of 502
companies
in the Capital Markets industry
Industry Median: 2.655
vs STU:8S30: 1.43
Sphere 3D (STU:8S30) 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.
Sphere 3D Net Current Asset Value Related Terms
Sphere 3D Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Sphere 3D'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.
STU:8S30 vs SOS, FDCT, CBLO: Net Current Asset Value Comparison
For the Capital Markets subindustry, Sphere 3D'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.
Sphere 3D Price-to-Net-Current-Asset-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Sphere 3D's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Sphere 3D'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 €1.14 mean?
Sphere 3D (STU:8S30) has a Net Current Asset Value of €1.14 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 Sphere 3D and its competitors. This is 63% below median its historical median of 3.11. Over the past decade, Sphere 3D's Net Current Asset Value has ranged from 1.10 to 17.20. According to the industry distribution chart, Sphere 3D ranks #147 out of 502 companies in the Capital Markets industry, placing it in the top 29.3%.
Is Sphere 3D's Net Current Asset Value too high?
Sphere 3D's current Net Current Asset Value of €1.14 is 63% below median its 10-year median of 3.11. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 17.20. Based on the distribution chart, Sphere 3D ranks #147 out of 502 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Sphere 3D has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sphere 3D's Net Current Asset Value compare to SOS and FDCT?
According to the Capital Markets industry distribution chart, Sphere 3D ranks #147 out of 502 companies for Net Current Asset Value. This puts Sphere 3D in the upper half of its industry. The industry median Net Current Asset Value is 2.66. Historically, Sphere 3D's own Net Current Asset Value has ranged from 1.10 to 17.20 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 Capital Markets company?
The median Net Current Asset Value among Capital Markets companies is 2.66, based on 502 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 Sphere 3D and its competitors. For the Capital Markets 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. Sphere 3D's current Net Current Asset Value is €1.14, which is 63% below median its own 10-year median of 3.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sphere 3D stock overvalued right now?
Based on GuruFocus' analysis, Sphere 3D (STU:8S30) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.29, compared to a current price of €1.62 — trading 458.6% above its estimated fair value. The current Net Current Asset Value is €1.14, which is 63% below median its 10-year median of 3.11. Sphere 3D's overall GF Score™ is 42/100 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 Sphere 3D (STU:8S30), the current Net Current Asset Value is €1.14 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 Sphere 3D (STU:8S30) Overvalued in 2026?
Based on GuruFocus' analysis, Sphere 3D stock appears to be overvalued.
The current stock price of €1.62 is trading 458.6% above its estimated GF Value™ of €0.29.
GuruFocus considers Sphere 3D to be Significantly Overvalued.
Key valuation signals for STU:8S30:
Net Current Asset Value: €1.14 (63% below median its 10-year median of 3.11)
GF Value™: €0.29 vs. price of €1.62 (458.6% above fair value)
No single metric tells the full story. See the STU:8S30 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sphere 3D Corp is engaged in the Bitcoin mining business. The company has established an enterprise-scale mining operation through the procurement of mining equipment and partnering with experienced service providers. It generates revenue from mining and selling Bitcoin.
42GF Score
Get the complete analysis for STU:8S30
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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