Where Food Comes FromWFCF +6.18%78 Net Current Asset Value is $0.56 as of Mar. 2026, which is 99% below its 10-year median of 38.48. GuruFocus rates WFCF with a GF Score™ of 78/100 and a GF Value™ of $12.43 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 624 Business Services companies, Where Food Comes From ranks worse than 93.11% 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).
Where Food Comes From's net current asset value per share for the quarter that ended in Mar. 2026 was $0.56.
The historical rank and industry rank for Where Food Comes From's Net Current Asset Value or its related term are showing as below:
WFCF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 13.33 Med: 38.48 Max: 553.5
Current: 27.89
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Where Food Comes From was 553.50. The lowest was 13.33. And the median was 38.48.
WFCF's Price-to-Net-Current-Asset-Value is ranked worse than 93.11% of 624
companies
in the Business Services industry
Industry Median: 3.72
vs WFCF: 27.89
Where Food Comes From (NAS:WFCF) 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.
Where Food Comes From Net Current Asset Value Related Terms
Where Food Comes From Net Current Asset Value Historical Data
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The historical data trend for Where Food Comes From'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.
Where Food Comes From Net Current Asset Value Chart
WFCF vs ANPA, DLHC, TISI: Net Current Asset Value Comparison
For the Specialty Business Services subindustry, Where Food Comes From'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.
Where Food Comes From Price-to-Net-Current-Asset-Value vs Business Services Industry
For the Business Services industry and Industrials sector, Where Food Comes From's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Where Food Comes From'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 $0.56 mean?
Where Food Comes From (WFCF) has a Net Current Asset Value of $0.56 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 Where Food Comes From and its competitors. This is 99% below median its historical median of 38.48. Over the past decade, Where Food Comes From's Net Current Asset Value has ranged from 13.33 to 553.50. According to the industry distribution chart, Where Food Comes From ranks #581 out of 624 companies in the Business Services industry, placing it in the top 93.1%.
Is Where Food Comes From's Net Current Asset Value too high?
Where Food Comes From's current Net Current Asset Value of $0.56 is 99% below median its 10-year median of 38.48. Over the past 10 years, this metric has ranged from a low of 13.33 to a high of 553.50. The Business Services industry median Net Current Asset Value is 3.72. Where Food Comes From's value of $0.56 is 84.9% below this industry median. Based on the distribution chart, Where Food Comes From ranks #581 out of 624 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Where Food Comes From has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Where Food Comes From's Net Current Asset Value compare to ANPA and DLHC?
According to the Business Services industry distribution chart, Where Food Comes From ranks #581 out of 624 companies for Net Current Asset Value. This places Where Food Comes From in the lower half of its industry. The industry median Net Current Asset Value is 3.72. Where Food Comes From's value of $0.56 is 84.9% below this benchmark. Historically, Where Food Comes From's own Net Current Asset Value has ranged from 13.33 to 553.50 over the past decade. While the company's 10-year median is 38.48 vs. the industry median of 3.72, Where Food Comes From 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 a Business Services company?
The median Net Current Asset Value among Business Services companies is 3.72, based on 624 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. Where Food Comes From's current Net Current Asset Value of $0.56 is 84.9% 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 Where Food Comes From and its competitors. For the Business Services industry, the median Net Current Asset Value is 3.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Where Food Comes From's current Net Current Asset Value is $0.56, which is 99% below median its own 10-year median of 38.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Where Food Comes From stock overvalued right now?
Based on GuruFocus' analysis, Where Food Comes From (WFCF) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.43, compared to a current price of $15.62 — trading 25.7% above its estimated fair value. The current Net Current Asset Value is $0.56, which is 99% below median its 10-year median of 38.48 and 84.9% below the Business Services industry median of 3.72. Where Food Comes From's overall GF Score™ is 78/100 with 7 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 Where Food Comes From (WFCF), the current Net Current Asset Value is $0.56 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 Where Food Comes From (WFCF) Overvalued in 2026?
Based on GuruFocus' analysis, Where Food Comes From stock appears to be overvalued.
The current stock price of $15.62 is trading 25.7% above its estimated GF Value™ of $12.43.
GuruFocus considers Where Food Comes From to be Modestly Overvalued.
Key valuation signals for WFCF:
Net Current Asset Value: $0.56 (99% below median its 10-year median of 38.48)
GF Value™: $12.43 vs. price of $15.62 (25.7% above fair value)
Industry Position: 84.9% below the Business Services median (#581 of 624)
No single metric tells the full story. See the WFCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Where Food Comes From Inc is a third-party food verification company conducting both on-site and desk audits to verify that claims being made about livestock, food, other high-value specialty crops and agricultural and aquaculture products are accurate. The company supports farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, and restaurants with a wide variety of value-added services provided through its family of verifiers, including International Certification Services, Validus Verification Services, and others. It also provides a wide range of professional consulting services. It generates the majority of its revenue from Verification and certification services.
78GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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