Toromont IndustriesTMTNF -3.03%89 Net Current Asset Value is $10.04 as of Mar. 2026, which is 19% below its 10-year median of 12.34. GuruFocus rates TMTNF with a GF Score™ of 89/100 and a GF Value™ of $101.07 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 104 Industrial Distribution companies, Toromont Industries ranks worse than 91.35% 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).
Toromont Industries's net current asset value per share for the quarter that ended in Mar. 2026 was $10.04.
The historical rank and industry rank for Toromont Industries's Net Current Asset Value or its related term are showing as below:
TMTNF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 8.68 Med: 12.34 Max: 198.87
Current: 16.25
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Toromont Industries was 198.87. The lowest was 8.68. And the median was 12.34.
TMTNF's Price-to-Net-Current-Asset-Value is ranked worse than 91.35% of 104
companies
in the Industrial Distribution industry
Industry Median: 2.6
vs TMTNF: 16.25
Toromont Industries (OTCPK:TMTNF) 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.
Toromont Industries Net Current Asset Value Related Terms
Toromont Industries Net Current Asset Value Historical Data
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The historical data trend for Toromont Industries'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.
TMTNF vs GWW, FAST, FERG: Net Current Asset Value Comparison
For the Industrial Distribution subindustry, Toromont Industries'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.
Toromont Industries Price-to-Net-Current-Asset-Value vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Toromont Industries's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Toromont Industries'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 $10.04 mean?
Toromont Industries (TMTNF) has a Net Current Asset Value of $10.04 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 Toromont Industries and its competitors. This is 19% below median its historical median of 12.34. Over the past decade, Toromont Industries' Net Current Asset Value has ranged from 8.68 to 198.87. According to the industry distribution chart, Toromont Industries ranks #95 out of 104 companies in the Industrial Distribution industry, placing it in the top 91.3%.
Is Toromont Industries' Net Current Asset Value too high?
Toromont Industries' current Net Current Asset Value of $10.04 is 19% below median its 10-year median of 12.34. Over the past 10 years, this metric has ranged from a low of 8.68 to a high of 198.87. The Industrial Distribution industry median Net Current Asset Value is 2.60. Toromont Industries' value of $10.04 is 286.2% above this industry median. Based on the distribution chart, Toromont Industries ranks #95 out of 104 companies in the Industrial Distribution industry, which is in the bottom quartile relative to peers. Overall, Toromont Industries has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toromont Industries' Net Current Asset Value compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Toromont Industries ranks #95 out of 104 companies for Net Current Asset Value. This places Toromont Industries in the lower half of its industry. The industry median Net Current Asset Value is 2.60. Toromont Industries' value of $10.04 is 286.2% above this benchmark. Historically, Toromont Industries' own Net Current Asset Value has ranged from 8.68 to 198.87 over the past decade. While the company's 10-year median is 12.34 vs. the industry median of 2.60, Toromont Industries has consistently been above 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 Distribution company?
The median Net Current Asset Value among Industrial Distribution companies is 2.60, based on 104 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. Toromont Industries's current Net Current Asset Value of $10.04 is 286.2% above 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 Toromont Industries and its competitors. For the Industrial Distribution industry, the median Net Current Asset Value is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toromont Industries's current Net Current Asset Value is $10.04, which is 19% below median its own 10-year median of 12.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toromont Industries stock overvalued right now?
Based on GuruFocus' analysis, Toromont Industries (TMTNF) is currently considered Significantly Overvalued. The stock's GF Value™ is $101.07, compared to a current price of $157.76 — trading 56.1% above its estimated fair value. The current Net Current Asset Value is $10.04, which is 19% below median its 10-year median of 12.34 and 286.2% above the Industrial Distribution industry median of 2.60. Toromont Industries' overall GF Score™ is 89/100 with 6 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 Toromont Industries (TMTNF), the current Net Current Asset Value is $10.04 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 Toromont Industries (TMTNF) Overvalued in 2026?
Based on GuruFocus' analysis, Toromont Industries stock appears to be overvalued.
The current stock price of $157.76 is trading 56.1% above its estimated GF Value™ of $101.07.
GuruFocus considers Toromont Industries to be Significantly Overvalued.
Key valuation signals for TMTNF:
Net Current Asset Value: $10.04 (19% below median its 10-year median of 12.34)
GF Value™: $101.07 vs. price of $157.76 (56.1% above fair value)
Industry Position: 286.2% above the Industrial Distribution median (#95 of 104)
No single metric tells the full story. See the TMTNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group supplies and rents mobile and stationary machines used in road building, mining, aggregates, public infrastructure, residential construction, power generation, agriculture, forestry, truck engines, industrial, demolition, and waste management. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates majorly in Canada and derives a smaller portion of sales from the United States of America and other regions.
89GF Score
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