Applied EnergeticsAERG -6.02%26 Net Current Asset Value is $0.01 as of Mar. 2026, which is 100% below its 10-year median of 118.32. GuruFocus rates AERG with a GF Score™ of 26/100 and a GF Value™ of $0.33 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,844 Hardware companies, Applied Energetics ranks worse than 97.94% 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).
Applied Energetics's net current asset value per share for the quarter that ended in Mar. 2026 was $0.01.
The historical rank and industry rank for Applied Energetics's Net Current Asset Value or its related term are showing as below:
AERG'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 70.42 Med: 118.32 Max: 255
Current: 125
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Applied Energetics was 255.00. The lowest was 70.42. And the median was 118.32.
AERG's Price-to-Net-Current-Asset-Value is ranked worse than 97.94% of 1844
companies
in the Hardware industry
Industry Median: 5.555
vs AERG: 125.00
Applied Energetics (OTCPK:AERG) 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.
Applied Energetics Net Current Asset Value Related Terms
Applied Energetics Net Current Asset Value Historical Data
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The historical data trend for Applied Energetics'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.
AERG vs MVIS, ARBE, USBC: Net Current Asset Value Comparison
For the Scientific & Technical Instruments subindustry, Applied Energetics'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.
Applied Energetics Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Applied Energetics's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Applied Energetics'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 $0.01 mean?
Applied Energetics (AERG) has a Net Current Asset Value of $0.01 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 Applied Energetics and its competitors. This is 100% below median its historical median of 118.32. Over the past decade, Applied Energetics' Net Current Asset Value has ranged from 70.42 to 255.00. According to the industry distribution chart, Applied Energetics ranks #1806 out of 1844 companies in the Hardware industry, placing it in the top 97.9%.
Is Applied Energetics' Net Current Asset Value too high?
Applied Energetics' current Net Current Asset Value of $0.01 is 100% below median its 10-year median of 118.32. Over the past 10 years, this metric has ranged from a low of 70.42 to a high of 255.00. The Hardware industry median Net Current Asset Value is 5.56. Applied Energetics' value of $0.01 is 99.8% below this industry median. Based on the distribution chart, Applied Energetics ranks #1806 out of 1844 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Applied Energetics has a GF Score™ of 26/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Energetics' Net Current Asset Value compare to MVIS and ARBE?
According to the Hardware industry distribution chart, Applied Energetics ranks #1806 out of 1844 companies for Net Current Asset Value. This places Applied Energetics in the lower half of its industry. The industry median Net Current Asset Value is 5.56. Applied Energetics' value of $0.01 is 99.8% below this benchmark. Historically, Applied Energetics' own Net Current Asset Value has ranged from 70.42 to 255.00 over the past decade. While the company's 10-year median is 118.32 vs. the industry median of 5.56, Applied Energetics 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.56, based on 1,844 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. Applied Energetics's current Net Current Asset Value of $0.01 is 99.8% 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 Applied Energetics and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Energetics's current Net Current Asset Value is $0.01, which is 100% below median its own 10-year median of 118.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Energetics stock overvalued right now?
Based on GuruFocus' analysis, Applied Energetics (AERG) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.33, compared to a current price of $1.25 — trading 278.8% above its estimated fair value. The current Net Current Asset Value is $0.01, which is 100% below median its 10-year median of 118.32 and 99.8% below the Hardware industry median of 5.56. Applied Energetics' overall GF Score™ is 26/100 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 Applied Energetics (AERG), the current Net Current Asset Value is $0.01 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 Applied Energetics (AERG) Overvalued in 2026?
Based on GuruFocus' analysis, Applied Energetics stock appears to be overvalued.
The current stock price of $1.25 is trading 278.8% above its estimated GF Value™ of $0.33.
GuruFocus considers Applied Energetics to be Significantly Overvalued.
Key valuation signals for AERG:
Net Current Asset Value: $0.01 (100% below median its 10-year median of 118.32)
GF Value™: $0.33 vs. price of $1.25 (278.8% above fair value)
Industry Position: 99.8% below the Hardware median (#1806 of 1844)
No single metric tells the full story. See the AERG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applied Energetics Inc specializes in laser and photonics systems, particularly fiber-based ultrashort pulse (USP) laser technologies. Its powerful, dual-use systems are designed for integration and deployment on numerous potential defense platforms for the delivery of high-intensity, ultrashort pulses of light to disable or destroy a target or disrupt a mission. These technologies have applications in both national security and commercial markets. The company operates as one operating segment with a focus on the development and manufacture of high-performance lasers and optical systems, and integrated guided energy systems, for prospective defense, national security, industrial, biomedical, and scientific customers across the world.
26GF Score
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