New HopeASX:NHC +1.32%69 Net Current Asset Value is A$0.10 as of Jan. 2026, which is 100% below its 10-year median of 17.29. GuruFocus rates ASX:NHC with a GF Score™ of 69/100 and a GF Value™ of A$4.06 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 82 Other Energy Sources companies, New Hope ranks worse than 92.68% 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).
New Hope's net current asset value per share for the quarter that ended in Jan. 2026 was A$0.10.
The historical rank and industry rank for New Hope's Net Current Asset Value or its related term are showing as below:
ASX:NHC'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 11.49 Med: 17.29 Max: 80
Current: 53.7
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of New Hope was 80.00. The lowest was 11.49. And the median was 17.29.
ASX:NHC's Price-to-Net-Current-Asset-Value is ranked worse than 92.68% of 82
companies
in the Other Energy Sources industry
Industry Median: 5.13
vs ASX:NHC: 53.70
New Hope (ASX:NHC) 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.
New Hope Net Current Asset Value Related Terms
New Hope Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for New Hope'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.
New Hope Net Current Asset Value Competitor Comparison
For the Thermal Coal subindustry, New Hope'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.
New Hope Price-to-Net-Current-Asset-Value vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, New Hope's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where New Hope'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 A$0.10 mean?
New Hope (ASX:NHC) has a Net Current Asset Value of A$0.10 as of Jan. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on New Hope and its competitors. This is 99% below median its historical median of 17.29. Over the past decade, New Hope's Net Current Asset Value has ranged from 11.49 to 80.00. According to the industry distribution chart, New Hope ranks #76 out of 82 companies in the Other Energy Sources industry, placing it in the top 92.7%.
Is New Hope's Net Current Asset Value too high?
New Hope's current Net Current Asset Value of A$0.10 is 99% below median its 10-year median of 17.29. Over the past 10 years, this metric has ranged from a low of 11.49 to a high of 80.00. Based on the distribution chart, New Hope ranks #76 out of 82 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, New Hope has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does New Hope's Net Current Asset Value compare to competitors?
According to the Other Energy Sources industry distribution chart, New Hope ranks #76 out of 82 companies for Net Current Asset Value. This places New Hope in the lower half of its industry. The industry median Net Current Asset Value is 5.13. Historically, New Hope's own Net Current Asset Value has ranged from 11.49 to 80.00 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 Other Energy Sources company?
The median Net Current Asset Value among Other Energy Sources companies is 5.13, based on 82 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 New Hope and its competitors. For the Other Energy Sources industry, the median Net Current Asset Value is 5.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Hope's current Net Current Asset Value is A$0.10, which is 99% below median its own 10-year median of 17.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Hope stock overvalued right now?
Based on GuruFocus' analysis, New Hope (ASX:NHC) is currently considered Significantly Overvalued. The stock's GF Value™ is A$4.06, compared to a current price of A$5.37 — trading 32.3% above its estimated fair value. The current Net Current Asset Value is A$0.10, which is 99% below median its 10-year median of 17.29. New Hope's overall GF Score™ is 69/100 with 6 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 New Hope (ASX:NHC), the current Net Current Asset Value is A$0.10 as of Jan. 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 New Hope (ASX:NHC) Overvalued in 2026?
Based on GuruFocus' analysis, New Hope stock appears to be overvalued.
The current stock price of A$5.37 is trading 32.3% above its estimated GF Value™ of A$4.06.
GuruFocus considers New Hope to be Significantly Overvalued.
Key valuation signals for ASX:NHC:
Net Current Asset Value: A$0.10 (99% below median its 10-year median of 17.29)
GF Value™: A$4.06 vs. price of A$5.37 (32.3% above fair value)
No single metric tells the full story. See the ASX:NHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Hope Corporation is an Australian thermal coal miner. It has two operating mines: the 100%-owned New Acland coal mine in Queensland and its 80%-owned Bengalla coal mine in New South Wales. The company should sell around 13 million metric tons of thermal coal annually from fiscal 2028, up from around 10.5 million in fiscal 2025, driven by the construction and ramp up of New Acland Stage 3. The vast majority of New Hope's production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multidecade mine lives. New Hope also has significant undeveloped coal resources in Queensland, as well as a 23% holding in the Malabar-Maxwell metallurgical coal mine, which began production in 2023.
69GF Score
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