Western DigitalTSX:WDC -15.69%48 Net Current Asset Value is C$6.15 as of Mar. 2026, which is 100% below its 10-year median of 60.38. GuruFocus rates TSX:WDC with a GF Score™ of 48/100 and a GF Value™ of C$5.31 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,845 Hardware companies, Western Digital ranks worse than 97.72% 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).
Western Digital's net current asset value per share for the quarter that ended in Mar. 2026 was C$6.15.
The historical rank and industry rank for Western Digital's Net Current Asset Value or its related term are showing as below:
TSX:WDC'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 60.38 Med: 60.38 Max: 122
Current: 122
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Western Digital was 122.00. The lowest was 60.38. And the median was 60.38.
TSX:WDC's Price-to-Net-Current-Asset-Value is ranked worse than 97.72% of 1845
companies
in the Hardware industry
Industry Median: 5.48
vs TSX:WDC: 122.00
Western Digital (TSX:WDC) 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.
Western Digital Net Current Asset Value Related Terms
Western Digital Net Current Asset Value Historical Data
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The historical data trend for Western Digital'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:WDC vs STX, ANET, DELL: Net Current Asset Value Comparison
For the Computer Hardware subindustry, Western Digital'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.
Western Digital Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Western Digital's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Western Digital'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$6.15 mean?
Western Digital (TSX:WDC) has a Net Current Asset Value of C$6.15 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 Western Digital and its competitors. This is 90% below median its historical median of 60.38. Over the past decade, Western Digital's Net Current Asset Value has ranged from 60.38 to 122.00. According to the industry distribution chart, Western Digital ranks #1803 out of 1845 companies in the Hardware industry, placing it in the top 97.7%.
Is Western Digital's Net Current Asset Value too high?
Western Digital's current Net Current Asset Value of C$6.15 is 90% below median its 10-year median of 60.38. Over the past 10 years, this metric has ranged from a low of 60.38 to a high of 122.00. Based on the distribution chart, Western Digital ranks #1803 out of 1845 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Western Digital has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Western Digital's Net Current Asset Value compare to STX and ANET?
According to the Hardware industry distribution chart, Western Digital ranks #1803 out of 1845 companies for Net Current Asset Value. This places Western Digital in the lower half of its industry. The industry median Net Current Asset Value is 5.48. Historically, Western Digital's own Net Current Asset Value has ranged from 60.38 to 122.00 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.48, based on 1,845 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 Western Digital and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Digital's current Net Current Asset Value is C$6.15, which is 90% below median its own 10-year median of 60.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Digital stock overvalued right now?
Based on GuruFocus' analysis, Western Digital (TSX:WDC) is currently considered Significantly Overvalued. The stock's GF Value™ is C$5.31, compared to a current price of C$32.94 — trading 520.3% above its estimated fair value. The current Net Current Asset Value is C$6.15, which is 90% below median its 10-year median of 60.38. Western Digital's overall GF Score™ is 48/100 with 2 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 Western Digital (TSX:WDC), the current Net Current Asset Value is C$6.15 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 Western Digital (TSX:WDC) Overvalued in 2026?
Based on GuruFocus' analysis, Western Digital stock appears to be overvalued.
The current stock price of C$32.94 is trading 520.3% above its estimated GF Value™ of C$5.31.
GuruFocus considers Western Digital to be Significantly Overvalued.
Key valuation signals for TSX:WDC:
Net Current Asset Value: C$6.15 (90% below median its 10-year median of 60.38)
GF Value™: C$5.31 vs. price of C$32.94 (520.3% above fair value)
No single metric tells the full story. See the TSX:WDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Digital is a leading vertically integrated supplier of hard disk drives. The HDD market is a practical duopoly, with Western Digital and Seagate being the two largest players. Western Digital designs and manufactures its HDDs, with much of the manufacturing and workforce located in Asia. The primary consumers of HDDs are data centers.
48GF Score
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