Eco Wave Power Global ABWAVE +6.87%34 Net Current Asset Value is $0.60 as of Mar. 2026, which is 75% below its 10-year median of 2.44. GuruFocus rates WAVE with a GF Score™ of 34/100 and a GF Value™ of $1.51 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 104 Utilities - Independent Power Producers companies, Eco Wave Power Global AB ranks worse than 77.88% 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).
Eco Wave Power Global AB's net current asset value per share for the quarter that ended in Mar. 2026 was $0.60.
The historical rank and industry rank for Eco Wave Power Global AB's Net Current Asset Value or its related term are showing as below:
WAVE'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.96 Med: 2.44 Max: 15.4
Current: 15.4
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of Eco Wave Power Global AB was 15.40. The lowest was 0.96. And the median was 2.44.
WAVE's Price-to-Net-Current-Asset-Value is ranked worse than 77.88% of 104
companies
in the Utilities - Independent Power Producers industry
Industry Median: 5.185
vs WAVE: 15.40
Eco Wave Power Global AB (NAS:WAVE) 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.
Eco Wave Power Global AB Net Current Asset Value Related Terms
Eco Wave Power Global AB Net Current Asset Value Historical Data
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The historical data trend for Eco Wave Power Global AB'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.
Eco Wave Power Global AB Net Current Asset Value Chart
WAVE vs NXXT, AGIG, STEM: Net Current Asset Value Comparison
For the Utilities - Renewable subindustry, Eco Wave Power Global AB'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.
Eco Wave Power Global AB Price-to-Net-Current-Asset-Value vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Eco Wave Power Global AB's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Eco Wave Power Global AB'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 $0.60 mean?
Eco Wave Power Global AB (WAVE) has a Net Current Asset Value of $0.60 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 Eco Wave Power Global AB and its competitors. This is 75% below median its historical median of 2.44. Over the past decade, Eco Wave Power Global AB's Net Current Asset Value has ranged from 0.96 to 15.40. According to the industry distribution chart, Eco Wave Power Global AB ranks #81 out of 104 companies in the Utilities - Independent Power Producers industry, placing it in the top 77.9%.
Is Eco Wave Power Global AB's Net Current Asset Value too high?
Eco Wave Power Global AB's current Net Current Asset Value of $0.60 is 75% below median its 10-year median of 2.44. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 15.40. The Utilities - Independent Power Producers industry median Net Current Asset Value is 5.19. Eco Wave Power Global AB's value of $0.60 is 88.4% below this industry median. Based on the distribution chart, Eco Wave Power Global AB ranks #81 out of 104 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Eco Wave Power Global AB has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eco Wave Power Global AB's Net Current Asset Value compare to NXXT and AGIG?
According to the Utilities - Independent Power Producers industry distribution chart, Eco Wave Power Global AB ranks #81 out of 104 companies for Net Current Asset Value. This places Eco Wave Power Global AB in the lower half of its industry. The industry median Net Current Asset Value is 5.19. Eco Wave Power Global AB's value of $0.60 is 88.4% below this benchmark. Historically, Eco Wave Power Global AB's own Net Current Asset Value has ranged from 0.96 to 15.40 over the past decade. While the company's 10-year median is 2.44 vs. the industry median of 5.19, Eco Wave Power Global AB has consistently been below the industry average. 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 Utilities - Independent Power Producers company?
The median Net Current Asset Value among Utilities - Independent Power Producers companies is 5.19, based on 104 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. Eco Wave Power Global AB's current Net Current Asset Value of $0.60 is 88.4% below the industry median. 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 Eco Wave Power Global AB and its competitors. For the Utilities - Independent Power Producers industry, the median Net Current Asset Value is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eco Wave Power Global AB's current Net Current Asset Value is $0.60, which is 75% below median its own 10-year median of 2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eco Wave Power Global AB stock overvalued right now?
Based on GuruFocus' analysis, Eco Wave Power Global AB (WAVE) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.51, compared to a current price of $9.24 — trading 511.9% above its estimated fair value. The current Net Current Asset Value is $0.60, which is 75% below median its 10-year median of 2.44 and 88.4% below the Utilities - Independent Power Producers industry median of 5.19. Eco Wave Power Global AB's overall GF Score™ is 34/100 with 4 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 Eco Wave Power Global AB (WAVE), the current Net Current Asset Value is $0.60 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 Eco Wave Power Global AB (WAVE) Overvalued in 2026?
Based on GuruFocus' analysis, Eco Wave Power Global AB stock appears to be overvalued.
The current stock price of $9.24 is trading 511.9% above its estimated GF Value™ of $1.51.
GuruFocus considers Eco Wave Power Global AB to be Significantly Overvalued.
Key valuation signals for WAVE:
Net Current Asset Value: $0.60 (75% below median its 10-year median of 2.44)
GF Value™: $1.51 vs. price of $9.24 (511.9% above fair value)
Industry Position: 88.4% below the Utilities - Independent Power Producers median (#81 of 104)
No single metric tells the full story. See the WAVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eco Wave Power Global AB is a Sweden-based wave energy company engaged in the development of a smart and cost-efficient wave energy conversion, or WEC, technology that converts ocean and sea waves into clean electricity. Its WEC technology employs units of point absorber floating devices, referred to as floaters, which are installed on existing marine structures such as piers, breakwaters, and jetties, or in locations in which such marine structures are required. Geographically, it has a presence in Israel, the USA, and Mexico.
34GF Score
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