H & M Hennes & Mauritz ABCHIX:HMBS 75 Net Current Asset Value is kr-39.14 as of May. 2026. GuruFocus rates CHIX:HMBS with a GF Score™ of 75/100 and a GF Value™ of kr160.64 (Fairly Valued). The stock has 5 warning signs investors should review. Among 627 Manufacturing - Apparel & Accessories companies, H & M Hennes & Mauritz AB ranks worse than 159489.47% 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).
H & M Hennes & Mauritz AB's net current asset value per share for the quarter that ended in May. 2026 was kr-39.14.
The historical rank and industry rank for H & M Hennes & Mauritz AB's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of H & M Hennes & Mauritz AB was 352.06. The lowest was 20.60. And the median was 43.53.
CHIX:HMBs's Price-to-Net-Current-Asset-Value is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 2.99 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
H & M Hennes & Mauritz AB (CHIX:HMBs) 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.
H & M Hennes & Mauritz AB Net Current Asset Value Related Terms
H & M Hennes & Mauritz AB Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for H & M Hennes & Mauritz AB'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.
H & M Hennes & Mauritz AB Net Current Asset Value Chart
CHIX:HMBS vs RL, LEVI, VFC: Net Current Asset Value Comparison
For the Apparel Manufacturing subindustry, H & M Hennes & Mauritz AB'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.
H & M Hennes & Mauritz AB Price-to-Net-Current-Asset-Value vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, H & M Hennes & Mauritz AB's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where H & M Hennes & Mauritz AB'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 kr-39.14 mean?
H & M Hennes & Mauritz AB (CHIX:HMBS) has a Net Current Asset Value of kr-39.14 as of May. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on H & M Hennes & Mauritz AB and its competitors. Over the past decade, H & M Hennes & Mauritz AB's Net Current Asset Value has ranged from 20.60 to 352.06. According to the industry distribution chart, H & M Hennes & Mauritz AB ranks #999999 out of 627 companies in the Manufacturing - Apparel & Accessories industry.
Is H & M Hennes & Mauritz AB's Net Current Asset Value too high?
H & M Hennes & Mauritz AB's current Net Current Asset Value is kr-39.14. Over the past 10 years, this metric has ranged from a low of 20.60 to a high of 352.06. Based on the distribution chart, H & M Hennes & Mauritz AB ranks #999999 out of 627 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, H & M Hennes & Mauritz AB has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does H & M Hennes & Mauritz AB's Net Current Asset Value compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, H & M Hennes & Mauritz AB ranks #999999 out of 627 companies for Net Current Asset Value. This places H & M Hennes & Mauritz AB in the lower half of its industry. The industry median Net Current Asset Value is 2.99. Historically, H & M Hennes & Mauritz AB's own Net Current Asset Value has ranged from 20.60 to 352.06 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 a Manufacturing - Apparel & Accessories company?
The median Net Current Asset Value among Manufacturing - Apparel & Accessories companies is 2.99, based on 627 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 H & M Hennes & Mauritz AB and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Net Current Asset Value is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H & M Hennes & Mauritz AB's current Net Current Asset Value is kr-39.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H & M Hennes & Mauritz AB stock overvalued right now?
Based on GuruFocus' analysis, H & M Hennes & Mauritz AB (CHIX:HMBS) is currently considered Fairly Valued. The stock's GF Value™ is kr160.64, compared to a current price of kr166.80 — trading 3.8% above its estimated fair value. The current Net Current Asset Value is kr-39.14. H & M Hennes & Mauritz AB'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 H & M Hennes & Mauritz AB (CHIX:HMBS), the current Net Current Asset Value is kr-39.14 as of May. 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 H & M Hennes & Mauritz AB (CHIX:HMBS) Overvalued in 2026?
Based on GuruFocus' analysis, H & M Hennes & Mauritz AB stock appears to be overvalued.
The current stock price of kr166.80 is trading 3.8% above its estimated GF Value™ of kr160.64.
GuruFocus considers H & M Hennes & Mauritz AB to be Fairly Valued.
Key valuation signals for CHIX:HMBS:
Net Current Asset Value: kr-39.14
GF Value™: kr160.64 vs. price of kr166.80 (3.8% above fair value)
No single metric tells the full story. See the CHIX:HMBS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The H&M Group is a global multi-brand fashion conglomerate founded in 1947. Its flagship brand, H&M, generates the majority of the group's revenue, while ARKET, COS, and the secondhand platform Sellpy represent key sources of future growth. Geographically, 34% of group revenues are generated in Western Europe, followed by North and South America at 23%, and both Southern Europe and Asia, Oceania, and Africa at 13% each. The Nordic region accounts for approximately 9% of total sales.The company operates 4,101 stores (3,660 attributable to H&M brand) across 81 markets worldwide, the majority of which are leased. Online sales contributed slightly above 30% of total group revenue in financial 2025 .
75GF Score
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