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).
Brighthouse Financial's net current asset value per share for the quarter that ended in Mar. 2026 was $0.00.
The historical rank and industry rank for Brighthouse Financial's Net Current Asset Value or its related term are showing as below:
BHF's Price-to-Net-Current-Asset-Value is not ranked *
in the Insurance industry.
Industry Median: 6.52 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Brighthouse Financial (NAS:BHF) 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.
Brighthouse Financial Net Current Asset Value Related Terms
Brighthouse Financial Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Brighthouse Financial'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.
Brighthouse Financial Net Current Asset Value Chart
BHF vs GNW, FG, CNO: Net Current Asset Value Comparison
For the Insurance - Life subindustry, Brighthouse Financial'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.
Brighthouse Financial Price-to-Net-Current-Asset-Value vs Insurance Industry
For the Insurance industry and Financial Services sector, Brighthouse Financial's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Brighthouse Financial'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 $0.00 mean?
Brighthouse Financial (BHF) has a Net Current Asset Value of $0.00 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 Brighthouse Financial and its competitors. According to the industry distribution chart, Brighthouse Financial ranks #999999 out of 25 companies in the Insurance industry.
Is Brighthouse Financial's Net Current Asset Value too high?
Brighthouse Financial's current Net Current Asset Value is $0.00. Based on the distribution chart, Brighthouse Financial ranks #999999 out of 25 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Brighthouse Financial has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Brighthouse Financial's Net Current Asset Value compare to GNW and FG?
According to the Insurance industry distribution chart, Brighthouse Financial ranks #999999 out of 25 companies for Net Current Asset Value. This places Brighthouse Financial in the lower half of its industry. The industry median Net Current Asset Value is 6.52. 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 Insurance company?
The median Net Current Asset Value among Insurance companies is 6.52, based on 25 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 Brighthouse Financial and its competitors. For the Insurance industry, the median Net Current Asset Value is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brighthouse Financial's current Net Current Asset Value is $0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brighthouse Financial stock overvalued right now?
Based on GuruFocus' analysis, Brighthouse Financial (BHF) is currently considered Modestly Undervalued. The stock's GF Value™ is $80.55, compared to a current price of $64.69 — trading 19.7% below its estimated fair value. The current Net Current Asset Value is $0.00. Brighthouse Financial's overall GF Score™ is 75/100 with 5 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 Brighthouse Financial (BHF), the current Net Current Asset Value is $0.00 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 Brighthouse Financial (BHF) Overvalued in 2026?
Based on GuruFocus' analysis, Brighthouse Financial stock appears to be undervalued.
The current stock price of $64.69 is trading 19.7% below its estimated GF Value™ of $80.55.
GuruFocus considers Brighthouse Financial to be Modestly Undervalued.
Key valuation signals for BHF:
Net Current Asset Value: $0.00
GF Value™: $80.55 vs. price of $64.69 (19.7% below fair value)
No single metric tells the full story. See the BHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Brighthouse Financial Inc is a United States-based provider of annuity products and life insurance through independent distribution channels and marketing arrangements with distribution partners. Its segments are: Annuities, that derives majority of the revenue, includes variable, fixed, index-linked, and income annuities; The life segment includes variable, term, universal, and whole life policies; The Run-off segment consists of products that are no longer actively sold and are separately managed, including ULSG, structured settlements, pension risk transfer contracts, certain company-owned life insurance policies and certain funding agreements; and The Corporate & Other segment consists of activities related to funding agreements associated with the company.
75GF Score
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