Denison MinesTSX:DML +0.44%62 Net Current Asset Value is C$-0.29 as of Mar. 2026. GuruFocus rates TSX:DML with a GF Score™ of 62/100 and a GF Value™ of C$2.65 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 82 Other Energy Sources companies, Denison Mines ranks worse than 1219510.98% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Denison Mines's net current asset value per share for the quarter that ended in Mar. 2026 was C$-0.29.
The historical rank and industry rank for Denison Mines's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Denison Mines was 188.00. The lowest was 13.70. And the median was 61.50.
TSX:DML's Price-to-Net-Current-Asset-Value is not ranked *
in the Other Energy Sources industry.
Industry Median: 5.13 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Denison Mines (TSX:DML) 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.
Denison Mines Net Current Asset Value Related Terms
Denison Mines Net Current Asset Value Historical Data
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The historical data trend for Denison Mines'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:DML vs UEC, LEU: Net Current Asset Value Comparison
For the Uranium subindustry, Denison Mines'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.
Denison Mines Price-to-Net-Current-Asset-Value vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Denison Mines's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Denison Mines'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$-0.29 mean?
Denison Mines (TSX:DML) has a Net Current Asset Value of C$-0.29 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 Denison Mines and its competitors. Over the past decade, Denison Mines' Net Current Asset Value has ranged from 13.70 to 188.00. According to the industry distribution chart, Denison Mines ranks #999999 out of 82 companies in the Other Energy Sources industry.
Is Denison Mines' Net Current Asset Value too high?
Denison Mines' current Net Current Asset Value is C$-0.29. Over the past 10 years, this metric has ranged from a low of 13.70 to a high of 188.00. Based on the distribution chart, Denison Mines ranks #999999 out of 82 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Denison Mines has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Denison Mines' Net Current Asset Value compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, Denison Mines ranks #999999 out of 82 companies for Net Current Asset Value. This places Denison Mines in the lower half of its industry. The industry median Net Current Asset Value is 5.13. Historically, Denison Mines' own Net Current Asset Value has ranged from 13.70 to 188.00 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 an Other Energy Sources company?
The median Net Current Asset Value among Other Energy Sources companies is 5.13, based on 82 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 Denison Mines and its competitors. For the Other Energy Sources industry, the median Net Current Asset Value is 5.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Denison Mines's current Net Current Asset Value is C$-0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Denison Mines stock overvalued right now?
Based on GuruFocus' analysis, Denison Mines (TSX:DML) is currently considered Significantly Overvalued. The stock's GF Value™ is C$2.65, compared to a current price of C$4.54 — trading 71.3% above its estimated fair value. The current Net Current Asset Value is C$-0.29. Denison Mines' overall GF Score™ is 62/100 with 8 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 Denison Mines (TSX:DML), the current Net Current Asset Value is C$-0.29 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 Denison Mines (TSX:DML) Overvalued in 2026?
Based on GuruFocus' analysis, Denison Mines stock appears to be overvalued.
The current stock price of C$4.54 is trading 71.3% above its estimated GF Value™ of C$2.65.
GuruFocus considers Denison Mines to be Significantly Overvalued.
Key valuation signals for TSX:DML:
Net Current Asset Value: C$-0.29
GF Value™: C$2.65 vs. price of C$4.54 (71.3% above fair value)
No single metric tells the full story. See the TSX:DML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Denison Mines Corp is engaged in uranium mining-related activities, including the acquisition, exploration, development, and mining of uranium-bearing properties, as well as the processing, sale, and investment in uranium. The company's key properties include Wheeler River, Waterbury Lake, McClean Lake, Midwest, and others. It operates through two segments: the Mining segment and the Corporate and Other segment. The majority of the company's revenue is generated from the Mining segment, which includes activities related to exploration, evaluation, and development, mining, milling (including toll milling), and the sale of mineral concentrates.
62GF Score
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