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).
Graphic Packaging Holding Co's net current asset value per share for the quarter that ended in Mar. 2026 was $-18.55.
The historical rank and industry rank for Graphic Packaging Holding Co's Net Current Asset Value or its related term are showing as below:
GPK's Price-to-Net-Current-Asset-Value is not ranked *
in the Packaging & Containers industry.
Industry Median: 3.42 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Graphic Packaging Holding Co (NYSE:GPK) 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.
Graphic Packaging Holding Co Net Current Asset Value Related Terms
Graphic Packaging Holding Co Net Current Asset Value Historical Data
* 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.
Graphic Packaging Holding Co Net Current Asset Value Chart
GPK vs AMBP, GEF, SLGN: Net Current Asset Value Comparison
For the Packaging & Containers subindustry, Graphic Packaging Holding Co'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.
Graphic Packaging Holding Co Price-to-Net-Current-Asset-Value vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Graphic Packaging Holding Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Graphic Packaging Holding Co'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 $-18.55 mean?
Graphic Packaging Holding Co (GPK) has a Net Current Asset Value of $-18.55 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 Graphic Packaging Holding Co and its competitors. According to the industry distribution chart, Graphic Packaging Holding Co ranks #999999 out of 220 companies in the Packaging & Containers industry.
Is Graphic Packaging Holding Co's Net Current Asset Value too high?
Graphic Packaging Holding Co's current Net Current Asset Value is $-18.55. Based on the distribution chart, Graphic Packaging Holding Co ranks #999999 out of 220 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Graphic Packaging Holding Co has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Graphic Packaging Holding Co's Net Current Asset Value compare to AMBP and GEF?
According to the Packaging & Containers industry distribution chart, Graphic Packaging Holding Co ranks #999999 out of 220 companies for Net Current Asset Value. This places Graphic Packaging Holding Co in the lower half of its industry. The industry median Net Current Asset Value is 3.42. 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 Packaging & Containers company?
The median Net Current Asset Value among Packaging & Containers companies is 3.42, based on 220 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 Graphic Packaging Holding Co and its competitors. For the Packaging & Containers industry, the median Net Current Asset Value is 3.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Graphic Packaging Holding Co's current Net Current Asset Value is $-18.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Graphic Packaging Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Graphic Packaging Holding Co (GPK) is currently considered Possible Value Trap. The stock's GF Value™ is $23.09, compared to a current price of $10.61 — trading 54% below its estimated fair value. The current Net Current Asset Value is $-18.55. Graphic Packaging Holding Co's overall GF Score™ is 64/100 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 Graphic Packaging Holding Co (GPK), the current Net Current Asset Value is $-18.55 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 Graphic Packaging Holding Co (GPK) Overvalued in 2026?
Based on GuruFocus' analysis, Graphic Packaging Holding Co stock appears to be undervalued.
The current stock price of $10.61 is trading 54% below its estimated GF Value™ of $23.09.
GuruFocus considers Graphic Packaging Holding Co to be Possible Value Trap.
Key valuation signals for GPK:
Net Current Asset Value: $-18.55
GF Value™: $23.09 vs. price of $10.61 (54% below fair value)
No single metric tells the full story. See the GPK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Graphic Packaging Holding Co is a holding company that manufactures and sells a variety of paper-based consumer packaging products through its subsidiaries. The company's reportable segments are; Americas Paperboard Packaging, and International Paperboard Packaging. The majority of the revenue is generated from its Americas Paperboard Packaging segment which includes paperboard packaging sold predominantly to consumer packaged goods (CPG) companies and cups, lids and food containers sold to foodservice companies and quick-service restaurants (QSR) serving the food, beverage, and consumer product markets in the Americas. Geographically, the company operates in Americas, Europe and Asia Pacific regions.
64GF Score
Get the complete analysis for GPK
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
GPK has been successfully added to your 
