HAL Trust (HAM:HA4) Construction In Progress: €873 Mil (As of Dec. 2025)


HAM:HA4 HAL Trust HAM:HA4
32 GF Score
Price €160.20
GF Value €128.29
! 6 Warning Signs
View Full Analysis

What is HAL Trust Construction In Progress?

HAL Trust HAM:HA4 -1.23% 32 Construction In Progress is €873 Mil as of Dec. 2025. GuruFocus rates HAM:HA4 with a GF Score™ of 32/100 and a GF Value™ of €128.29. The stock has 6 warning signs investors should review.

HAL Trust's quarterly construction in progress declined from Dec. 2024 (€781 Mil) to Jun. 2025 (€737 Mil) but then increased from Jun. 2025 (€737 Mil) to Dec. 2025 (€873 Mil).

HAL Trust's annual construction in progress increased from Dec. 2023 (€616 Mil) to Dec. 2024 (€781 Mil) and increased from Dec. 2024 (€781 Mil) to Dec. 2025 (€873 Mil).

HAL Trust Construction In Progress Historical Data

* Premium members only.

The historical data trend for HAL Trust's Construction In Progress 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.

HAL Trust Construction In Progress Chart

HAL Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 522.20 832.90 615.80 780.70 873.00

HAL Trust Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 615.80 662.90 780.70 737.40 873.00
HAM:HA4
32GF Score
HAL Trust HAM:HA4
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HAL Trust Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of €873 Mil mean?
HAL Trust (HAM:HA4) has a Construction In Progress of €873 Mil as of Dec. 2025. Construction in Progress records the amount of construction work that is not complete. View historical data on HAL Trust and its competitors.
Is HAL Trust's Construction In Progress too high?
HAL Trust's current Construction In Progress is €873 Mil. Overall, HAL Trust has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does HAL Trust's Construction In Progress compare to BLK and BX?
HAL Trust's Construction In Progress of €873 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Asset Management company?
A good Construction In Progress depends on the Asset Management industry context. However, Construction In Progress 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 Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on HAL Trust and its competitors. HAL Trust's current Construction In Progress is €873 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAL Trust stock overvalued right now?
HAL Trust (HAM:HA4) has a current Construction In Progress of €873 Mil. The stock's GF Value™ is €128.29, compared to a current price of €160.20 — trading 24.9% above its estimated fair value. The current Construction In Progress is €873 Mil. HAL Trust's overall GF Score™ is 32/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For HAL Trust (HAM:HA4), the current Construction In Progress is €873 Mil as of Dec. 2025. 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 HAL Trust (HAM:HA4) Overvalued in 2026?

Based on GuruFocus' analysis, HAL Trust stock appears to be overvalued. The current stock price of €160.20 is trading 24.9% above its estimated GF Value™ of €128.29.

Key valuation signals for HAM:HA4:

  • Construction In Progress: €873 Mil
  • GF Value™: €128.29 vs. price of €160.20 (24.9% above fair value)
  • GF Score™: 32/100 with 6 warning signs

No single metric tells the full story. See the HAM:HA4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

HAL Trust Business Description

Address Weena 696, Rotterdam, NLD, 3012 CN
HAL Trust is an investment company. The company's reportable segments include Unquoted, Quoted interests, Real estate, and Liquid portfolio. It generates majority of its revenue from the Quoted interests segment which comprises both the company's consolidated and unconsolidated interests in publicly traded entities that are not in scope of the Liquid portfolio segment. Geographically, the company operates in Europe, USA & Canada, Asia, and Other. It generates maximum revenue from Europe.
32GF Score

Get the complete analysis for HAM:HA4

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€160.20
Price
€128.29
GF Value