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The historical rank and industry rank for Highland Global Allocation Fund's Net Cash per Share or its related term are showing as below:
HGLB's Price-to-Net-Cash is not ranked *
in the Asset Management industry.
Industry Median: 6.345 * Ranked among companies with meaningful Price-to-Net-Cash only.
Highland Global Allocation Fund (NYSE:HGLB) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). 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 Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Highland Global Allocation Fund Net Cash per Share Related Terms
Highland Global Allocation Fund Net Cash per Share Historical Data
* 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.
Highland Global Allocation Fund Net Cash per Share Chart
HGLB vs RVII, MPV, FLC: Net Cash per Share Comparison
For the Asset Management subindustry, Highland Global Allocation Fund's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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.
Highland Global Allocation Fund Price-to-Net-Cash vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Highland Global Allocation Fund's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Highland Global Allocation Fund's Price-to-Net-Cash falls into.
Highland Global Allocation Fund Net Cash per Share Calculation
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
* 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.
Highland Global Allocation Fund (HGLB) has a Net Cash per Share of $-2.45 as of Mar. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Highland Global Allocation Fund and its competitors. According to the industry distribution chart, Highland Global Allocation Fund ranks #999999 out of 448 companies in the Asset Management industry.
Is Highland Global Allocation Fund's Net Cash per Share too high?
Highland Global Allocation Fund's current Net Cash per Share is $-2.45. Based on the distribution chart, Highland Global Allocation Fund ranks #999999 out of 448 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Highland Global Allocation Fund has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Highland Global Allocation Fund's Net Cash per Share compare to RVII and MPV?
According to the Asset Management industry distribution chart, Highland Global Allocation Fund ranks #999999 out of 448 companies for Net Cash per Share. This places Highland Global Allocation Fund in the lower half of its industry. The industry median Net Cash per Share is 6.35. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for an Asset Management company?
The median Net Cash per Share among Asset Management companies is 6.35, based on 448 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share 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 Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Highland Global Allocation Fund and its competitors. For the Asset Management industry, the median Net Cash per Share is 6.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highland Global Allocation Fund's current Net Cash per Share is $-2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highland Global Allocation Fund stock overvalued right now?
Based on GuruFocus' analysis, Highland Global Allocation Fund (HGLB) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.04, compared to a current price of $7.41 — trading 83.4% above its estimated fair value. The current Net Cash per Share is $-2.45. Highland Global Allocation Fund's overall GF Score™ is 44/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Highland Global Allocation Fund (HGLB), the current Net Cash per Share is $-2.45 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 Highland Global Allocation Fund (HGLB) Overvalued in 2026?
Based on GuruFocus' analysis, Highland Global Allocation Fund stock appears to be overvalued.
The current stock price of $7.41 is trading 83.4% above its estimated GF Value™ of $4.04.
GuruFocus considers Highland Global Allocation Fund to be Significantly Overvalued.
Key valuation signals for HGLB:
Net Cash per Share: $-2.45
GF Value™: $4.04 vs. price of $7.41 (83.4% above fair value)
No single metric tells the full story. See the HGLB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Highland Global Allocation Fund is a diversified, closed-end management investment company. The investment objective of the Fund is to seek long-term growth of capital and future income. The Fund seeks to achieve its investment objectives by investing in a portfolio of U.S. and foreign equity, debt, and money market securities. It may also invest in senior loans to domestic or foreign corporations, partnerships, and other entities that operate in a variety of industries and geographic regions.
44GF Score
Get the complete analysis for HGLB
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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