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Alignment HealthcareALHC -20.20%79 Net Current Asset Value is $0.71 as of Jun. 2026, which is 95% below its 10-year median of 15.42. GuruFocus rates ALHC with a GF Score™ of 79/100 and a GF Value™ of $20.32 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 9 Healthcare Plans companies, Alignment Healthcare ranks worse than 77.78% 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).
Alignment Healthcare's net current asset value per share for the quarter that ended in Jun. 2026 was $0.71.
The historical rank and industry rank for Alignment Healthcare's Net Current Asset Value or its related term are showing as below:
ALHC'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 9.09 Med: 15.42 Max: 260.67
Current: 20.9
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of Alignment Healthcare was 260.67. The lowest was 9.09. And the median was 15.42.
ALHC's Price-to-Net-Current-Asset-Value is ranked worse than 77.78% of 9
companies
in the Healthcare Plans industry
Industry Median: 10.04
vs ALHC: 20.90
Alignment Healthcare (NAS:ALHC) 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.
Alignment Healthcare Net Current Asset Value Related Terms
Alignment Healthcare Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Alignment Healthcare'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.
Alignment Healthcare Net Current Asset Value Chart
ALHC vs PGNY, CLOV, PFHO: Net Current Asset Value Comparison
For the Healthcare Plans subindustry, Alignment Healthcare'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.
Alignment Healthcare Price-to-Net-Current-Asset-Value vs Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Alignment Healthcare's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Alignment Healthcare'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 $0.71 mean?
Alignment Healthcare (ALHC) has a Net Current Asset Value of $0.71 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Alignment Healthcare and its competitors. This is 95% below median its historical median of 15.42. Over the past decade, Alignment Healthcare's Net Current Asset Value has ranged from 9.09 to 260.67. According to the industry distribution chart, Alignment Healthcare ranks #7 out of 9 companies in the Healthcare Plans industry, placing it in the top 77.8%.
Is Alignment Healthcare's Net Current Asset Value too high?
Alignment Healthcare's current Net Current Asset Value of $0.71 is 95% below median its 10-year median of 15.42. Over the past 10 years, this metric has ranged from a low of 9.09 to a high of 260.67. The Healthcare Plans industry median Net Current Asset Value is 10.04. Alignment Healthcare's value of $0.71 is 92.9% below this industry median. Based on the distribution chart, Alignment Healthcare ranks #7 out of 9 companies in the Healthcare Plans industry, which is in the bottom quartile relative to peers. Overall, Alignment Healthcare has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alignment Healthcare's Net Current Asset Value compare to PGNY and CLOV?
According to the Healthcare Plans industry distribution chart, Alignment Healthcare ranks #7 out of 9 companies for Net Current Asset Value. This places Alignment Healthcare in the lower half of its industry. The industry median Net Current Asset Value is 10.04. Alignment Healthcare's value of $0.71 is 92.9% below this benchmark. Historically, Alignment Healthcare's own Net Current Asset Value has ranged from 9.09 to 260.67 over the past decade. While the company's 10-year median is 15.42 vs. the industry median of 10.04, Alignment Healthcare 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 Healthcare Plans company?
The median Net Current Asset Value among Healthcare Plans companies is 10.04, based on 9 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. Alignment Healthcare's current Net Current Asset Value of $0.71 is 92.9% 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 Alignment Healthcare and its competitors. For the Healthcare Plans industry, the median Net Current Asset Value is 10.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alignment Healthcare's current Net Current Asset Value is $0.71, which is 95% below median its own 10-year median of 15.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alignment Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Alignment Healthcare (ALHC) is currently considered Modestly Undervalued. The stock's GF Value™ is $20.32, compared to a current price of $14.84 — trading 27% below its estimated fair value. The current Net Current Asset Value is $0.71, which is 95% below median its 10-year median of 15.42 and 92.9% below the Healthcare Plans industry median of 10.04. Alignment Healthcare's overall GF Score™ is 79/100 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 Alignment Healthcare (ALHC), the current Net Current Asset Value is $0.71 as of Jun. 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 Alignment Healthcare (ALHC) Overvalued in 2026?
Based on GuruFocus' analysis, Alignment Healthcare stock appears to be undervalued.
The current stock price of $14.84 is trading 27% below its estimated GF Value™ of $20.32.
GuruFocus considers Alignment Healthcare to be Modestly Undervalued.
Key valuation signals for ALHC:
Net Current Asset Value: $0.71 (95% below median its 10-year median of 15.42)
GF Value™: $20.32 vs. price of $14.84 (27% below fair value)
Industry Position: 92.9% below the Healthcare Plans median (#7 of 9)
No single metric tells the full story. See the ALHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alignment Healthcare Inc is a next-generation, consumer-centric platform that is revolutionizing the healthcare experience for seniors through Medicare Advantage plans. These plans are marketed and sold direct-to-consumer, allowing seniors to select the manner in which customers receive healthcare coverage and services on an annual basis. The company combines a technology platform and clinical model for more effective health outcomes.
79GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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