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.
Therma BrightTSXV:THRM Net Current Asset Value is C$-0.03 as of Apr. 2026. The stock has 5 warning signs investors should review. Among 569 Medical Devices & Instruments companies, Therma Bright ranks worse than 175746.75% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Therma Bright's net current asset value per share for the quarter that ended in Apr. 2026 was C$-0.03.
The historical rank and industry rank for Therma Bright'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 Therma Bright was 148.00. The lowest was 12.00. And the median was 44.00.
TSXV:THRM's Price-to-Net-Current-Asset-Value is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 4.91 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Therma Bright (TSXV:THRM) 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.
Therma Bright Net Current Asset Value Related Terms
Therma Bright Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Therma Bright'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.
TSXV:THRM vs ABT, SYK, MDT: Net Current Asset Value Comparison
For the Medical Devices subindustry, Therma Bright'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.
Therma Bright Price-to-Net-Current-Asset-Value vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Therma Bright's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Therma Bright'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$-0.03 mean?
Therma Bright (TSXV:THRM) has a Net Current Asset Value of C$-0.03 as of Apr. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Therma Bright and its competitors. Over the past decade, Therma Bright's Net Current Asset Value has ranged from 12.00 to 148.00. According to the industry distribution chart, Therma Bright ranks #999999 out of 569 companies in the Medical Devices & Instruments industry.
Is Therma Bright's Net Current Asset Value too high?
Therma Bright's current Net Current Asset Value is C$-0.03. Over the past 10 years, this metric has ranged from a low of 12.00 to a high of 148.00. Based on the distribution chart, Therma Bright ranks #999999 out of 569 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers.
How does Therma Bright's Net Current Asset Value compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Therma Bright ranks #999999 out of 569 companies for Net Current Asset Value. This places Therma Bright in the lower half of its industry. The industry median Net Current Asset Value is 4.91. Historically, Therma Bright's own Net Current Asset Value has ranged from 12.00 to 148.00 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 Medical Devices & Instruments company?
The median Net Current Asset Value among Medical Devices & Instruments companies is 4.91, based on 569 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 Therma Bright and its competitors. For the Medical Devices & Instruments industry, the median Net Current Asset Value is 4.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Therma Bright's current Net Current Asset Value is C$-0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Therma Bright stock overvalued right now?
Therma Bright (TSXV:THRM) has a current Net Current Asset Value of C$-0.03. The current Net Current Asset Value is C$-0.03. 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 Therma Bright (TSXV:THRM), the current Net Current Asset Value is C$-0.03 as of Apr. 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.
Therma Bright Inc is a developer and partner in a range of proprietary diagnostic and medical device technologies focused on providing consumers and medical professionals with solutions to address important medical and healthcare challenges. The Company is developing, acquiring, manufacturing and marketing proprietary healthcare and medical devices for the consumer and institutional marketplace focused on 3 key strategic areas: respiratory disease, vascular health, and consumer medical devices.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSXV:THRM has been successfully added to your 
