United Natural FoodsUNFI +1.94%58 Net Current Asset Value is $-38.63 as of Apr. 2026. GuruFocus rates UNFI with a GF Score™ of 58/100 and a GF Value™ of $21.62 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 135 Retail - Defensive companies, United Natural Foods ranks worse than 740740% 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).
United Natural Foods's net current asset value per share for the quarter that ended in Apr. 2026 was $-38.63.
The historical rank and industry rank for United Natural Foods'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 United Natural Foods was 9.04. The lowest was 2.42. And the median was 4.27.
UNFI's Price-to-Net-Current-Asset-Value is not ranked *
in the Retail - Defensive industry.
Industry Median: 3.36 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
United Natural Foods (NYSE:UNFI) 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.
United Natural Foods Net Current Asset Value Related Terms
United Natural Foods Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for United Natural Foods'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.
United Natural Foods Net Current Asset Value Chart
UNFI vs ANDE, CHEF, AVO: Net Current Asset Value Comparison
For the Food Distribution subindustry, United Natural Foods'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.
United Natural Foods Price-to-Net-Current-Asset-Value vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, United Natural Foods's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where United Natural Foods'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 $-38.63 mean?
United Natural Foods (UNFI) has a Net Current Asset Value of $-38.63 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 United Natural Foods and its competitors. Over the past decade, United Natural Foods' Net Current Asset Value has ranged from 2.42 to 9.04. According to the industry distribution chart, United Natural Foods ranks #999999 out of 135 companies in the Retail - Defensive industry.
Is United Natural Foods' Net Current Asset Value too high?
United Natural Foods' current Net Current Asset Value is $-38.63. Over the past 10 years, this metric has ranged from a low of 2.42 to a high of 9.04. Based on the distribution chart, United Natural Foods ranks #999999 out of 135 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, United Natural Foods has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Natural Foods' Net Current Asset Value compare to ANDE and CHEF?
According to the Retail - Defensive industry distribution chart, United Natural Foods ranks #999999 out of 135 companies for Net Current Asset Value. This places United Natural Foods in the lower half of its industry. The industry median Net Current Asset Value is 3.36. Historically, United Natural Foods' own Net Current Asset Value has ranged from 2.42 to 9.04 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 Retail - Defensive company?
The median Net Current Asset Value among Retail - Defensive companies is 3.36, based on 135 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 United Natural Foods and its competitors. For the Retail - Defensive industry, the median Net Current Asset Value is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Natural Foods's current Net Current Asset Value is $-38.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Natural Foods stock overvalued right now?
Based on GuruFocus' analysis, United Natural Foods (UNFI) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.62, compared to a current price of $48.87 — trading 126% above its estimated fair value. The current Net Current Asset Value is $-38.63. United Natural Foods' overall GF Score™ is 58/100 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 United Natural Foods (UNFI), the current Net Current Asset Value is $-38.63 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.
Is United Natural Foods (UNFI) Overvalued in 2026?
Based on GuruFocus' analysis, United Natural Foods stock appears to be overvalued.
The current stock price of $48.87 is trading 126% above its estimated GF Value™ of $21.62.
GuruFocus considers United Natural Foods to be Significantly Overvalued.
Key valuation signals for UNFI:
Net Current Asset Value: $-38.63
GF Value™: $21.62 vs. price of $48.87 (126% above fair value)
No single metric tells the full story. See the UNFI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Natural Foods Inc is a wholesale distributor of natural, organic and specialty foods and nonfood products across North America. The company's products consist of national, regional and private label brands grouped into grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. United Natural Foods serves various retail formats including conventional supermarket chains, natural product superstores, independent retail operators and foodservice channels such as e-commerce platforms. The company's operations are comprised of principal divisions: the wholesale division; the retail division; and other.
58GF Score
Get the complete analysis for UNFI
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
UNFI has been successfully added to your 
