EHang HoldingsEH -6.10%68 Net Current Asset Value is $0.76 as of Mar. 2026, which is 96% below its 10-year median of 18.76. GuruFocus rates EH with a GF Score™ of 68/100 and a GF Value™ of $22.35 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 197 Aerospace & Defense companies, EHang Holdings ranks worse than 50.76% 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).
EHang Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was $0.76.
The historical rank and industry rank for EHang Holdings's Net Current Asset Value or its related term are showing as below:
EH'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 8.3 Med: 18.76 Max: 171.42
Current: 8.3
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of EHang Holdings was 171.42. The lowest was 8.30. And the median was 18.76.
EH's Price-to-Net-Current-Asset-Value is ranked worse than 50.76% of 197
companies
in the Aerospace & Defense industry
Industry Median: 8.24
vs EH: 8.30
EHang Holdings (NAS:EH) 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.
EHang Holdings Net Current Asset Value Related Terms
EHang Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for EHang Holdings'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.
EH vs MRLN, ELMT, SPCE: Net Current Asset Value Comparison
For the Aerospace & Defense subindustry, EHang Holdings'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.
EHang Holdings Price-to-Net-Current-Asset-Value vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, EHang Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where EHang Holdings'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 $0.76 mean?
EHang Holdings (EH) has a Net Current Asset Value of $0.76 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 EHang Holdings and its competitors. This is 96% below median its historical median of 18.76. Over the past decade, EHang Holdings' Net Current Asset Value has ranged from 8.30 to 171.42. According to the industry distribution chart, EHang Holdings ranks #100 out of 197 companies in the Aerospace & Defense industry, placing it in the top 50.8%.
Is EHang Holdings' Net Current Asset Value too high?
EHang Holdings' current Net Current Asset Value of $0.76 is 96% below median its 10-year median of 18.76. Over the past 10 years, this metric has ranged from a low of 8.30 to a high of 171.42. The Aerospace & Defense industry median Net Current Asset Value is 8.24. EHang Holdings' value of $0.76 is 90.8% below this industry median. Based on the distribution chart, EHang Holdings ranks #100 out of 197 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, EHang Holdings has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does EHang Holdings' Net Current Asset Value compare to MRLN and ELMT?
According to the Aerospace & Defense industry distribution chart, EHang Holdings ranks #100 out of 197 companies for Net Current Asset Value. This places EHang Holdings in the lower half of its industry. The industry median Net Current Asset Value is 8.24. EHang Holdings' value of $0.76 is 90.8% below this benchmark. Historically, EHang Holdings' own Net Current Asset Value has ranged from 8.30 to 171.42 over the past decade. While the company's 10-year median is 18.76 vs. the industry median of 8.24, EHang Holdings 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 an Aerospace & Defense company?
The median Net Current Asset Value among Aerospace & Defense companies is 8.24, based on 197 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. EHang Holdings's current Net Current Asset Value of $0.76 is 90.8% 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 EHang Holdings and its competitors. For the Aerospace & Defense industry, the median Net Current Asset Value is 8.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EHang Holdings's current Net Current Asset Value is $0.76, which is 96% below median its own 10-year median of 18.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EHang Holdings stock overvalued right now?
Based on GuruFocus' analysis, EHang Holdings (EH) is currently considered Possible Value Trap. The stock's GF Value™ is $22.35, compared to a current price of $6.31 — trading 71.8% below its estimated fair value. The current Net Current Asset Value is $0.76, which is 96% below median its 10-year median of 18.76 and 90.8% below the Aerospace & Defense industry median of 8.24. EHang Holdings' overall GF Score™ is 68/100 with 4 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 EHang Holdings (EH), the current Net Current Asset Value is $0.76 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 EHang Holdings (EH) Overvalued in 2026?
Based on GuruFocus' analysis, EHang Holdings stock appears to be undervalued.
The current stock price of $6.31 is trading 71.8% below its estimated GF Value™ of $22.35.
GuruFocus considers EHang Holdings to be Possible Value Trap.
Key valuation signals for EH:
Net Current Asset Value: $0.76 (96% below median its 10-year median of 18.76)
GF Value™: $22.35 vs. price of $6.31 (71.8% below fair value)
Industry Position: 90.8% below the Aerospace & Defense median (#100 of 197)
No single metric tells the full story. See the EH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EHang Holdings Ltd is an urban air mobility (UAM) technology platform company focused on autonomous aerial vehicle technology and solutions. The company provides unmanned aerial vehicle (UAV) systems and solutions for air mobility, including passenger transportation and logistics, as well as smart city management and aerial media solutions. Its EH216-S passenger-carrying pilotless eVTOL aircraft has obtained a production certificate and standard airworthiness certificate from the Civil Aviation Administration of China (CAAC).
68GF Score
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