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).
Cadence Design Systems's net current asset value per share for the quarter that ended in Mar. 2026 was CHF-6.73.
The historical rank and industry rank for Cadence Design Systems'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 Cadence Design Systems was 1949.00. The lowest was 456.83. And the median was 745.40.
XSWX:CDNS's Price-to-Net-Current-Asset-Value is not ranked *
in the Software industry.
Industry Median: 4.83 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Cadence Design Systems (XSWX:CDNS) 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.
Cadence Design Systems Net Current Asset Value Related Terms
Cadence Design Systems Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Cadence Design Systems'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.
Cadence Design Systems Net Current Asset Value Chart
For the Software - Application subindustry, Cadence Design Systems'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.
Cadence Design Systems Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Cadence Design Systems's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Cadence Design Systems'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 CHF-6.73 mean?
Cadence Design Systems (XSWX:CDNS) has a Net Current Asset Value of CHF-6.73 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 Cadence Design Systems and its competitors. Over the past decade, Cadence Design Systems' Net Current Asset Value has ranged from 456.83 to 1,949.00. According to the industry distribution chart, Cadence Design Systems ranks #999999 out of 1755 companies in the Software industry.
Is Cadence Design Systems' Net Current Asset Value too high?
Cadence Design Systems' current Net Current Asset Value is CHF-6.73. Over the past 10 years, this metric has ranged from a low of 456.83 to a high of 1,949.00. Based on the distribution chart, Cadence Design Systems ranks #999999 out of 1755 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Cadence Design Systems has a GF Score™ of 99/100, reflecting its overall financial health beyond just this single metric.
How does Cadence Design Systems' Net Current Asset Value compare to ?
According to the Software industry distribution chart, Cadence Design Systems ranks #999999 out of 1755 companies for Net Current Asset Value. This places Cadence Design Systems in the lower half of its industry. The industry median Net Current Asset Value is 4.83. Historically, Cadence Design Systems' own Net Current Asset Value has ranged from 456.83 to 1,949.00 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 Software company?
The median Net Current Asset Value among Software companies is 4.83, based on 1,755 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 Cadence Design Systems and its competitors. For the Software industry, the median Net Current Asset Value is 4.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cadence Design Systems's current Net Current Asset Value is CHF-6.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cadence Design Systems stock overvalued right now?
Cadence Design Systems (XSWX:CDNS) has a current Net Current Asset Value of CHF-6.73. The stock's GF Value™ is CHF314.60, compared to a current price of CHF303.25 — trading 3.6% below its estimated fair value. The current Net Current Asset Value is CHF-6.73. Cadence Design Systems' overall GF Score™ is 99/100 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 Cadence Design Systems (XSWX:CDNS), the current Net Current Asset Value is CHF-6.73 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 Cadence Design Systems (XSWX:CDNS) Overvalued in 2026?
Based on GuruFocus' analysis, Cadence Design Systems stock appears to be undervalued.
The current stock price of CHF303.25 is trading 3.6% below its estimated GF Value™ of CHF314.60.
Key valuation signals for XSWX:CDNS:
Net Current Asset Value: CHF-6.73
GF Value™: CHF314.60 vs. price of CHF303.25 (3.6% below fair value)
No single metric tells the full story. See the XSWX:CDNS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates and aids in the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enables system-level analysis and verification solutions.
99GF Score
Get the complete analysis for XSWX:CDNS
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
XSWX:CDNS has been successfully added to your 
