Carpenter TechnologySTU:XTY -1.56%65 Net Current Asset Value is €4.98 as of Mar. 2026, which is 100% below its 10-year median of 75.84. GuruFocus rates STU:XTY with a GF Score™ of 65/100 and a GF Value™ of €164.00 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,214 Industrial Products companies, Carpenter Technology ranks worse than 97.61% 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).
Carpenter Technology's net current asset value per share for the quarter that ended in Mar. 2026 was €4.98.
The historical rank and industry rank for Carpenter Technology's Net Current Asset Value or its related term are showing as below:
STU:XTY'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 66.14 Med: 75.84 Max: 278.21
Current: 101.08
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Carpenter Technology was 278.21. The lowest was 66.14. And the median was 75.84.
STU:XTY's Price-to-Net-Current-Asset-Value is ranked worse than 97.61% of 2214
companies
in the Industrial Products industry
Industry Median: 5.3
vs STU:XTY: 101.08
Carpenter Technology (STU:XTY) 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.
Carpenter Technology Net Current Asset Value Related Terms
Carpenter Technology Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Carpenter Technology'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.
Carpenter Technology Net Current Asset Value Chart
STU:XTY vs ATI, MLI, CMC: Net Current Asset Value Comparison
For the Metal Fabrication subindustry, Carpenter Technology'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.
Carpenter Technology Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Carpenter Technology's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Carpenter Technology'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 €4.98 mean?
Carpenter Technology (STU:XTY) has a Net Current Asset Value of €4.98 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 Carpenter Technology and its competitors. This is 93% below median its historical median of 75.84. Over the past decade, Carpenter Technology's Net Current Asset Value has ranged from 66.14 to 278.21. According to the industry distribution chart, Carpenter Technology ranks #2161 out of 2214 companies in the Industrial Products industry, placing it in the top 97.6%.
Is Carpenter Technology's Net Current Asset Value too high?
Carpenter Technology's current Net Current Asset Value of €4.98 is 93% below median its 10-year median of 75.84. Over the past 10 years, this metric has ranged from a low of 66.14 to a high of 278.21. Based on the distribution chart, Carpenter Technology ranks #2161 out of 2214 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Carpenter Technology has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carpenter Technology's Net Current Asset Value compare to ATI and MLI?
According to the Industrial Products industry distribution chart, Carpenter Technology ranks #2161 out of 2214 companies for Net Current Asset Value. This places Carpenter Technology in the lower half of its industry. The industry median Net Current Asset Value is 5.30. Historically, Carpenter Technology's own Net Current Asset Value has ranged from 66.14 to 278.21 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 an Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.30, based on 2,214 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 Carpenter Technology and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carpenter Technology's current Net Current Asset Value is €4.98, which is 93% below median its own 10-year median of 75.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carpenter Technology stock overvalued right now?
Based on GuruFocus' analysis, Carpenter Technology (STU:XTY) is currently considered Significantly Overvalued. The stock's GF Value™ is €164.00, compared to a current price of €506.40 — trading 208.8% above its estimated fair value. The current Net Current Asset Value is €4.98, which is 93% below median its 10-year median of 75.84. Carpenter Technology's overall GF Score™ is 65/100 with 7 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 Carpenter Technology (STU:XTY), the current Net Current Asset Value is €4.98 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 Carpenter Technology (STU:XTY) Overvalued in 2026?
Based on GuruFocus' analysis, Carpenter Technology stock appears to be overvalued.
The current stock price of €506.40 is trading 208.8% above its estimated GF Value™ of €164.00.
GuruFocus considers Carpenter Technology to be Significantly Overvalued.
Key valuation signals for STU:XTY:
Net Current Asset Value: €4.98 (93% below median its 10-year median of 75.84)
GF Value™: €164.00 vs. price of €506.40 (208.8% above fair value)
No single metric tells the full story. See the STU:XTY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carpenter Technology Corp supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. The company's reportable segments include; Specialty Alloys Operations and Performance Engineered Products. It generates maximum revenue from the Specialty Alloys Operations segment. The SAO segment is comprised of the company's alloy and stainless steel manufacturing operations. This includes operations performed at mills predominantly in Reading and Latrobe, Pennsylvania, and surrounding areas as well as South Carolina and Alabama. Geographically, the company derives its maximum revenue from the United States and the rest from Europe, Asia Pacific, Mexico, Canada, and other regions.
65GF Score
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