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).
Meta Platforms's net current asset value per share for the quarter that ended in Mar. 2026 was CHF-12.97.
The historical rank and industry rank for Meta Platforms'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 Meta Platforms was 614.66. The lowest was 10.04. And the median was 17.26.
XSWX:META's Price-to-Net-Current-Asset-Value is not ranked *
in the Interactive Media industry.
Industry Median: 3.55 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Meta Platforms (XSWX:META) 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.
Meta Platforms Net Current Asset Value Related Terms
Meta Platforms Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Meta Platforms'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.
XSWX:META vs SPOT, NBIS, BIDU: Net Current Asset Value Comparison
For the Internet Content & Information subindustry, Meta Platforms'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.
Meta Platforms Price-to-Net-Current-Asset-Value vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Meta Platforms's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Meta Platforms'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-12.97 mean?
Meta Platforms (XSWX:META) has a Net Current Asset Value of CHF-12.97 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 Meta Platforms and its competitors. Over the past decade, Meta Platforms' Net Current Asset Value has ranged from 10.04 to 614.66. According to the industry distribution chart, Meta Platforms ranks #999999 out of 366 companies in the Interactive Media industry.
Is Meta Platforms' Net Current Asset Value too high?
Meta Platforms' current Net Current Asset Value is CHF-12.97. Over the past 10 years, this metric has ranged from a low of 10.04 to a high of 614.66. Based on the distribution chart, Meta Platforms ranks #999999 out of 366 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Meta Platforms has a GF Score™ of 96/100, reflecting its overall financial health beyond just this single metric.
How does Meta Platforms' Net Current Asset Value compare to SPOT and NBIS?
According to the Interactive Media industry distribution chart, Meta Platforms ranks #999999 out of 366 companies for Net Current Asset Value. This places Meta Platforms in the lower half of its industry. The industry median Net Current Asset Value is 3.55. Historically, Meta Platforms' own Net Current Asset Value has ranged from 10.04 to 614.66 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 an Interactive Media company?
The median Net Current Asset Value among Interactive Media companies is 3.55, based on 366 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 Meta Platforms and its competitors. For the Interactive Media industry, the median Net Current Asset Value is 3.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meta Platforms's current Net Current Asset Value is CHF-12.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meta Platforms stock overvalued right now?
Meta Platforms (XSWX:META) has a current Net Current Asset Value of CHF-12.97. The stock's GF Value™ is CHF665.58, compared to a current price of CHF452.31 — trading 32% below its estimated fair value. The current Net Current Asset Value is CHF-12.97. Meta Platforms' overall GF Score™ is 96/100 with 2 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 Meta Platforms (XSWX:META), the current Net Current Asset Value is CHF-12.97 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 Meta Platforms (XSWX:META) Overvalued in 2026?
Based on GuruFocus' analysis, Meta Platforms stock appears to be undervalued.
The current stock price of CHF452.31 is trading 32% below its estimated GF Value™ of CHF665.58.
Key valuation signals for XSWX:META:
Net Current Asset Value: CHF-12.97
GF Value™: CHF665.58 vs. price of CHF452.31 (32% below fair value)
No single metric tells the full story. See the XSWX:META stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta's overall sales.
96GF Score
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