XunleiXNET -0.41%70 Net Current Asset Value is $2.14 as of Mar. 2026, which is 104% above its 10-year median of 1.05. GuruFocus rates XNET with a GF Score™ of 70/100 and a GF Value™ of $3.24 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,756 Software companies, Xunlei ranks better than 77.22% 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).
Xunlei's net current asset value per share for the quarter that ended in Mar. 2026 was $2.14.
The historical rank and industry rank for Xunlei's Net Current Asset Value or its related term are showing as below:
XNET'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.51 Med: 1.05 Max: 4.45
Current: 2.25
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Xunlei was 4.45. The lowest was 0.51. And the median was 1.05.
XNET's Price-to-Net-Current-Asset-Value is ranked better than 77.22% of 1756
companies
in the Software industry
Industry Median: 4.84
vs XNET: 2.25
Xunlei (NAS:XNET) 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.
Xunlei Net Current Asset Value Related Terms
Xunlei Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Xunlei'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.
XNET vs PSFE, IIIV, ALLT: Net Current Asset Value Comparison
For the Software - Infrastructure subindustry, Xunlei'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.
Xunlei Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Xunlei's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Xunlei'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 $2.14 mean?
Xunlei (XNET) has a Net Current Asset Value of $2.14 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 Xunlei and its competitors. This is 104% above median its historical median of 1.05. Over the past decade, Xunlei's Net Current Asset Value has ranged from 0.51 to 4.45. According to the industry distribution chart, Xunlei ranks #400 out of 1756 companies in the Software industry, placing it in the top 22.8%.
Is Xunlei's Net Current Asset Value too high?
Xunlei's current Net Current Asset Value of $2.14 is 104% above median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 4.45. The Software industry median Net Current Asset Value is 4.84. Xunlei's value of $2.14 is 55.8% below this industry median. Based on the distribution chart, Xunlei ranks #400 out of 1756 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Xunlei has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Xunlei's Net Current Asset Value compare to PSFE and IIIV?
According to the Software industry distribution chart, Xunlei ranks #400 out of 1756 companies for Net Current Asset Value. This places Xunlei in the top 23% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 4.84. Xunlei's value of $2.14 is 55.8% below this benchmark. Historically, Xunlei's own Net Current Asset Value has ranged from 0.51 to 4.45 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 4.84, Xunlei 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 Software company?
The median Net Current Asset Value among Software companies is 4.84, based on 1,756 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. Xunlei's current Net Current Asset Value of $2.14 is 55.8% 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 Xunlei and its competitors. For the Software industry, the median Net Current Asset Value is 4.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xunlei's current Net Current Asset Value is $2.14, which is 104% above median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xunlei stock overvalued right now?
Based on GuruFocus' analysis, Xunlei (XNET) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.24, compared to a current price of $4.82 — trading 48.8% above its estimated fair value. The current Net Current Asset Value is $2.14, which is 104% above median its 10-year median of 1.05 and 55.8% below the Software industry median of 4.84. Xunlei's overall GF Score™ is 70/100 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 Xunlei (XNET), the current Net Current Asset Value is $2.14 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 Xunlei (XNET) Overvalued in 2026?
Based on GuruFocus' analysis, Xunlei stock appears to be overvalued.
The current stock price of $4.82 is trading 48.8% above its estimated GF Value™ of $3.24.
GuruFocus considers Xunlei to be Significantly Overvalued.
Key valuation signals for XNET:
Net Current Asset Value: $2.14 (104% above median its 10-year median of 1.05)
GF Value™: $3.24 vs. price of $4.82 (48.8% above fair value)
Industry Position: 55.8% below the Software median (#400 of 1756)
No single metric tells the full story. See the XNET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Xunlei Ltd is a technology company providing distributed cloud services in China. It operates a powerful internet platform in China based on cloud technology to enable its users to quickly access, store, manage and consume digital media content on the internet. The company has expanded its products and services from PC-based devices to mobile devices in part through pre-installed acceleration products in mobile phones to further enlarge its user base and offer its users a wider range of access points. It provides a wide range of products and services across cloud acceleration and digital entertainment to deliver an efficient, smart and safe internet environment to its users.
70GF Score
Get the complete analysis for XNET
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
XNET has been successfully added to your 
