Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Aya Gold & SilverTSX:AYA +3.99%71 Net Current Asset Value is C$0.55 as of Mar. 2026, which is 100% below its 10-year median of 9.94. GuruFocus rates TSX:AYA with a GF Score™ of 71/100 and a GF Value™ of C$68.53 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,344 Metals & Mining companies, Aya Gold & Silver ranks worse than 95.54% 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).
Aya Gold & Silver's net current asset value per share for the quarter that ended in Mar. 2026 was C$0.55.
The historical rank and industry rank for Aya Gold & Silver's Net Current Asset Value or its related term are showing as below:
TSX:AYA'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.85 Med: 9.94 Max: 1225
Current: 51.16
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Aya Gold & Silver was 1225.00. The lowest was 4.85. And the median was 9.94.
TSX:AYA's Price-to-Net-Current-Asset-Value is ranked worse than 95.54% of 1344
companies
in the Metals & Mining industry
Industry Median: 6.625
vs TSX:AYA: 51.16
Aya Gold & Silver (TSX:AYA) 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.
Aya Gold & Silver Net Current Asset Value Related Terms
Aya Gold & Silver Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Aya Gold & Silver'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.
TSX:AYA vs EXK: Net Current Asset Value Comparison
For the Silver subindustry, Aya Gold & Silver'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.
Aya Gold & Silver Price-to-Net-Current-Asset-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Aya Gold & Silver's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Aya Gold & Silver'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 C$0.55 mean?
Aya Gold & Silver (TSX:AYA) has a Net Current Asset Value of C$0.55 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 Aya Gold & Silver and its competitors. This is 94% below median its historical median of 9.94. Over the past decade, Aya Gold & Silver's Net Current Asset Value has ranged from 4.85 to 1,225.00. According to the industry distribution chart, Aya Gold & Silver ranks #1284 out of 1344 companies in the Metals & Mining industry, placing it in the top 95.5%.
Is Aya Gold & Silver's Net Current Asset Value too high?
Aya Gold & Silver's current Net Current Asset Value of C$0.55 is 94% below median its 10-year median of 9.94. Over the past 10 years, this metric has ranged from a low of 4.85 to a high of 1,225.00. Based on the distribution chart, Aya Gold & Silver ranks #1284 out of 1344 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Aya Gold & Silver has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Aya Gold & Silver's Net Current Asset Value compare to EXK?
According to the Metals & Mining industry distribution chart, Aya Gold & Silver ranks #1284 out of 1344 companies for Net Current Asset Value. This places Aya Gold & Silver in the lower half of its industry. The industry median Net Current Asset Value is 6.63. Historically, Aya Gold & Silver's own Net Current Asset Value has ranged from 4.85 to 1,225.00 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 Metals & Mining company?
The median Net Current Asset Value among Metals & Mining companies is 6.63, based on 1,344 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 Aya Gold & Silver and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 6.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aya Gold & Silver's current Net Current Asset Value is C$0.55, which is 94% below median its own 10-year median of 9.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aya Gold & Silver stock overvalued right now?
Based on GuruFocus' analysis, Aya Gold & Silver (TSX:AYA) is currently considered Possible Value Trap. The stock's GF Value™ is C$68.53, compared to a current price of C$27.72 — trading 59.6% below its estimated fair value. The current Net Current Asset Value is C$0.55, which is 94% below median its 10-year median of 9.94. Aya Gold & Silver's overall GF Score™ is 71/100 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 Aya Gold & Silver (TSX:AYA), the current Net Current Asset Value is C$0.55 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 Aya Gold & Silver (TSX:AYA) Overvalued in 2026?
Based on GuruFocus' analysis, Aya Gold & Silver stock appears to be undervalued.
The current stock price of C$27.72 is trading 59.6% below its estimated GF Value™ of C$68.53.
GuruFocus considers Aya Gold & Silver to be Possible Value Trap.
Key valuation signals for TSX:AYA:
Net Current Asset Value: C$0.55 (94% below median its 10-year median of 9.94)
GF Value™: C$68.53 vs. price of C$27.72 (59.6% below fair value)
No single metric tells the full story. See the TSX:AYA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aya Gold & Silver Inc is a Canadian-based precious metals mining corporation active across the full mining life-cycle, from discovery and development through to production. It operates in Morocco. The company's flagship asset is the Zgounder Silver Mine, recognized for its rare, high-grade silver mineralization. The mine is located along the Anti-Atlas fault, one of North Africa's geologically rich and underexplored regions, known for hosting silver, gold, and base metal deposits. Aya also owns an 85% interest in the Boumadine polymetallic project, which is currently at the exploration and evaluation stage. It operates in single segment of mining industry and its products are precious metals ingots and concentrate which are refined or smelted into pure silver and sold to metal brokers.
71GF Score
Get the complete analysis for TSX:AYA
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSX:AYA has been successfully added to your 
