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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).
Agricultural Development Bank's net current asset value per share for the quarter that ended in Mar. 2026 was GHS0.00.
The historical rank and industry rank for Agricultural Development Bank's Net Current Asset Value or its related term are showing as below:
XGHA:ADB's Price-to-Net-Current-Asset-Value is not ranked *
in the Banks industry.
Industry Median: 1.215 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Agricultural Development Bank (XGHA:ADB) 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.
Agricultural Development Bank Net Current Asset Value Related Terms
Agricultural Development Bank Net Current Asset Value Historical Data
* 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.
Agricultural Development Bank Net Current Asset Value Chart
XGHA:ADB vs PNC: Net Current Asset Value Comparison
For the Banks - Regional subindustry, Agricultural Development Bank'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.
Agricultural Development Bank Price-to-Net-Current-Asset-Value vs Banks Industry
For the Banks industry and Financial Services sector, Agricultural Development Bank's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Agricultural Development Bank'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 GHS0.00 mean?
Agricultural Development Bank (XGHA:ADB) has a Net Current Asset Value of GHS0.00 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 Agricultural Development Bank and its competitors. According to the industry distribution chart, Agricultural Development Bank ranks #999999 out of 20 companies in the Banks industry.
Is Agricultural Development Bank's Net Current Asset Value too high?
Agricultural Development Bank's current Net Current Asset Value is GHS0.00. Based on the distribution chart, Agricultural Development Bank ranks #999999 out of 20 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Agricultural Development Bank has a GF Score™ of 24/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Agricultural Development Bank's Net Current Asset Value compare to PNC?
According to the Banks industry distribution chart, Agricultural Development Bank ranks #999999 out of 20 companies for Net Current Asset Value. This places Agricultural Development Bank in the lower half of its industry. The industry median Net Current Asset Value is 1.22. 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 Banks company?
The median Net Current Asset Value among Banks companies is 1.22, based on 20 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 Agricultural Development Bank and its competitors. For the Banks industry, the median Net Current Asset Value is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Agricultural Development Bank's current Net Current Asset Value is GHS0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agricultural Development Bank stock overvalued right now?
Based on GuruFocus' analysis, Agricultural Development Bank (XGHA:ADB) is currently considered Significantly Overvalued. The stock's GF Value™ is GHS4.00, compared to a current price of GHS5.30 — trading 32.5% above its estimated fair value. The current Net Current Asset Value is GHS0.00. Agricultural Development Bank's overall GF Score™ is 24/100 with 5 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 Agricultural Development Bank (XGHA:ADB), the current Net Current Asset Value is GHS0.00 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 Agricultural Development Bank (XGHA:ADB) Overvalued in 2026?
Based on GuruFocus' analysis, Agricultural Development Bank stock appears to be overvalued.
The current stock price of GHS5.30 is trading 32.5% above its estimated GF Value™ of GHS4.00.
GuruFocus considers Agricultural Development Bank to be Significantly Overvalued.
Key valuation signals for XGHA:ADB:
Net Current Asset Value: GHS0.00
GF Value™: GHS4.00 vs. price of GHS5.30 (32.5% above fair value)
No single metric tells the full story. See the XGHA:ADB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Agricultural Development Bank Business Description
Agricultural Development Bank Ltd is a universal bank offering a full range of banking products and services in Consumer, Corporate, Parastatals/Public Sector, SME, Agribusiness, Trade and E-Banking services. Its business focus is universal banking with a developmental focus on Agriculture and more. The company's operating segment includes Corporate Banking, Retail Banking, and Central Treasury. The majority of revenue is derived from the Retail Banking segment, which focuses on high-volume, standardized financial products and services such as loans and advances, deposits and other transactions with retail customers. Geographically, all revenues are generated in Ghana.
24GF Score
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