Bell EquipmentBLLQF 49 Net Current Asset Value is $2.36 as of Dec. 2025, which is 269% above its 10-year median of 0.64. GuruFocus rates BLLQF with a GF Score™ of 49/100 and a GF Value™ of $0.99 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 143 Farm & Heavy Construction Machinery companies, Bell Equipment ranks better than 93.71% 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).
Bell Equipment's net current asset value per share for the quarter that ended in Dec. 2025 was $2.36.
The historical rank and industry rank for Bell Equipment's Net Current Asset Value or its related term are showing as below:
BLLQF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.38 Med: 0.64 Max: 1.1
Current: 0.88
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Bell Equipment was 1.10. The lowest was 0.38. And the median was 0.64.
BLLQF's Price-to-Net-Current-Asset-Value is ranked better than 93.71% of 143
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 3.91
vs BLLQF: 0.88
Bell Equipment (OTCPK:BLLQF) 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.
Bell Equipment Net Current Asset Value Related Terms
Bell Equipment Net Current Asset Value Historical Data
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The historical data trend for Bell Equipment'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.
BLLQF vs CAT, DE, PCAR: Net Current Asset Value Comparison
For the Farm & Heavy Construction Machinery subindustry, Bell Equipment'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.
Bell Equipment Price-to-Net-Current-Asset-Value vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Bell Equipment's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Bell Equipment'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 $2.36 mean?
Bell Equipment (BLLQF) has a Net Current Asset Value of $2.36 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Bell Equipment and its competitors. This is 269% above median its historical median of 0.64. Over the past decade, Bell Equipment's Net Current Asset Value has ranged from 0.38 to 1.10. According to the industry distribution chart, Bell Equipment ranks #9 out of 143 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 6.3%.
Is Bell Equipment's Net Current Asset Value too high?
Bell Equipment's current Net Current Asset Value of $2.36 is 269% above median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 1.10. The Farm & Heavy Construction Machinery industry median Net Current Asset Value is 3.91. Bell Equipment's value of $2.36 is 39.6% below this industry median. Based on the distribution chart, Bell Equipment ranks #9 out of 143 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Bell Equipment has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bell Equipment's Net Current Asset Value compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Bell Equipment ranks #9 out of 143 companies for Net Current Asset Value. This places Bell Equipment in the top 6% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.91. Bell Equipment's value of $2.36 is 39.6% below this benchmark. Historically, Bell Equipment's own Net Current Asset Value has ranged from 0.38 to 1.10 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 3.91, Bell Equipment 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 Farm & Heavy Construction Machinery company?
The median Net Current Asset Value among Farm & Heavy Construction Machinery companies is 3.91, based on 143 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. Bell Equipment's current Net Current Asset Value of $2.36 is 39.6% 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 Bell Equipment and its competitors. For the Farm & Heavy Construction Machinery industry, the median Net Current Asset Value is 3.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bell Equipment's current Net Current Asset Value is $2.36, which is 269% above median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bell Equipment stock overvalued right now?
Based on GuruFocus' analysis, Bell Equipment (BLLQF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.99, compared to a current price of $2.30 — trading 132.3% above its estimated fair value. The current Net Current Asset Value is $2.36, which is 269% above median its 10-year median of 0.64 and 39.6% below the Farm & Heavy Construction Machinery industry median of 3.91. Bell Equipment's overall GF Score™ is 49/100 with 3 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 Bell Equipment (BLLQF), the current Net Current Asset Value is $2.36 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 Bell Equipment (BLLQF) Overvalued in 2026?
Based on GuruFocus' analysis, Bell Equipment stock appears to be overvalued.
The current stock price of $2.30 is trading 132.3% above its estimated GF Value™ of $0.99.
GuruFocus considers Bell Equipment to be Significantly Overvalued.
Key valuation signals for BLLQF:
Net Current Asset Value: $2.36 (269% above median its 10-year median of 0.64)
GF Value™: $0.99 vs. price of $2.30 (132.3% above fair value)
Industry Position: 39.6% below the Farm & Heavy Construction Machinery median (#9 of 143)
No single metric tells the full story. See the BLLQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bell Equipment Ltd designs and manufactures a wide Collection of products. This includes a complete range of Bell forestry and agriculture products. It seeks to develop and support local suppliers and invests in outreach initiatives with a focus on education, training, and development both internally and externally. It conducts two main business operations Manufacturing, assembly, logistics and dealer sales operations which is OEM operations comprising manufacturing, assembly and sales of equipment and aftermarket products to independent dealers for their distribution to market; and Direct Sales operations which is owned distribution operations for direct sales of own manufactured products, other third party products and the supply of aftermarket support and products to market.
49GF Score
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