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Greenlane HoldingsGNLN -0.43%29 Net Current Asset Value is $21.96 as of Mar. 2026, which is 8346% above its 10-year median of 0.26. GuruFocus rates GNLN with a GF Score™ of 29/100. The stock has 5 warning signs investors should review. Among 29 Tobacco Products companies, Greenlane Holdings ranks better than 93.1% 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).
Greenlane Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was $21.96.
The historical rank and industry rank for Greenlane Holdings's Net Current Asset Value or its related term are showing as below:
GNLN'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.09 Med: 0.26 Max: 0.69
Current: 0.1
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of Greenlane Holdings was 0.69. The lowest was 0.09. And the median was 0.26.
GNLN's Price-to-Net-Current-Asset-Value is ranked better than 93.1% of 29
companies
in the Tobacco Products industry
Industry Median: 6.8
vs GNLN: 0.10
Greenlane Holdings (NAS:GNLN) 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.
Greenlane Holdings Net Current Asset Value Related Terms
Greenlane Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Greenlane 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.
GNLN vs XXII, LIFD, KAVL: Net Current Asset Value Comparison
For the Tobacco subindustry, Greenlane 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.
Greenlane Holdings Price-to-Net-Current-Asset-Value vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Greenlane Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Greenlane 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 $21.96 mean?
Greenlane Holdings (GNLN) has a Net Current Asset Value of $21.96 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 Greenlane Holdings and its competitors. This is 8346% above median its historical median of 0.26. Over the past decade, Greenlane Holdings' Net Current Asset Value has ranged from 0.09 to 0.69. According to the industry distribution chart, Greenlane Holdings ranks #2 out of 29 companies in the Tobacco Products industry, placing it in the top 6.9%.
Is Greenlane Holdings' Net Current Asset Value too high?
Greenlane Holdings' current Net Current Asset Value of $21.96 is 8346% above median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.69. The Tobacco Products industry median Net Current Asset Value is 6.80. Greenlane Holdings' value of $21.96 is 222.9% above this industry median. Based on the distribution chart, Greenlane Holdings ranks #2 out of 29 companies in the Tobacco Products industry, which is in the top quartile — a strong position relative to peers. Overall, Greenlane Holdings has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Greenlane Holdings' Net Current Asset Value compare to XXII and LIFD?
According to the Tobacco Products industry distribution chart, Greenlane Holdings ranks #2 out of 29 companies for Net Current Asset Value. This places Greenlane Holdings in the top 7% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 6.80. Greenlane Holdings' value of $21.96 is 222.9% above this benchmark. Historically, Greenlane Holdings' own Net Current Asset Value has ranged from 0.09 to 0.69 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 6.80, Greenlane Holdings has consistently been above 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 Tobacco Products company?
The median Net Current Asset Value among Tobacco Products companies is 6.80, based on 29 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. Greenlane Holdings's current Net Current Asset Value of $21.96 is 222.9% above 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 Greenlane Holdings and its competitors. For the Tobacco Products industry, the median Net Current Asset Value is 6.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Greenlane Holdings's current Net Current Asset Value is $21.96, which is 8346% above median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Greenlane Holdings stock overvalued right now?
Greenlane Holdings (GNLN) has a current Net Current Asset Value of $21.96. The current Net Current Asset Value is $21.96, which is 8346% above median its 10-year median of 0.26 and 222.9% above the Tobacco Products industry median of 6.80. Greenlane Holdings' overall GF Score™ is 29/100 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 Greenlane Holdings (GNLN), the current Net Current Asset Value is $21.96 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.
Greenlane Holdings Inc is a platform for the development and distribution of premium cannabis accessories, vape devices, and lifestyle products. It provides a wide array of consumer ancillary products and industrial ancillary products to thousands of cannabis producers, processors, brands, and retailers (Cannabis Operators). It serves specialty retailers, smoke shops, head shops, convenience stores, and consumers. Geographically, it operates in United States, Canada, and Europe. It derives majority revenue from the United States. Its two operating segments are: Wholesale and Distribution, which includes legacy e-commerce and drop-ship operations; and Digital Assets, which includes digital asset treasury activities including acquisition, staking and validator participation related to BERA.
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