HAMMONIA Schiffsholding AGHAM:HHX 48 Net Current Asset Value is €45.35 as of Dec. 2025, which is 100% below its 10-year median of 7.63. GuruFocus rates HAM:HHX with a GF Score™ of 48/100 and a GF Value™ of €284.56 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 358 Transportation companies, HAMMONIA Schiffsholding AG ranks worse than 70.67% 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).
HAMMONIA Schiffsholding AG's net current asset value per share for the quarter that ended in Dec. 2025 was €45.35.
The historical rank and industry rank for HAMMONIA Schiffsholding AG's Net Current Asset Value or its related term are showing as below:
HAM:HHX'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.31 Med: 7.63 Max: 9.92
Current: 8.25
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of HAMMONIA Schiffsholding AG was 9.92. The lowest was 2.31. And the median was 7.63.
HAM:HHX's Price-to-Net-Current-Asset-Value is ranked worse than 70.67% of 358
companies
in the Transportation industry
Industry Median: 3.93
vs HAM:HHX: 8.25
HAMMONIA Schiffsholding AG (HAM:HHX) 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.
HAMMONIA Schiffsholding AG Net Current Asset Value Related Terms
HAMMONIA Schiffsholding AG 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.
HAMMONIA Schiffsholding AG Net Current Asset Value Chart
HAM:HHX vs KEX: Net Current Asset Value Comparison
For the Marine Shipping subindustry, HAMMONIA Schiffsholding AG'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.
HAMMONIA Schiffsholding AG Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, HAMMONIA Schiffsholding AG's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where HAMMONIA Schiffsholding AG'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 €45.35 mean?
HAMMONIA Schiffsholding AG (HAM:HHX) has a Net Current Asset Value of €45.35 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 HAMMONIA Schiffsholding AG and its competitors. This is 494% above median its historical median of 7.63. Over the past decade, HAMMONIA Schiffsholding AG's Net Current Asset Value has ranged from 2.31 to 9.92. According to the industry distribution chart, HAMMONIA Schiffsholding AG ranks #253 out of 358 companies in the Transportation industry, placing it in the top 70.7%.
Is HAMMONIA Schiffsholding AG's Net Current Asset Value too high?
HAMMONIA Schiffsholding AG's current Net Current Asset Value of €45.35 is 494% above median its 10-year median of 7.63. Over the past 10 years, this metric has ranged from a low of 2.31 to a high of 9.92. Based on the distribution chart, HAMMONIA Schiffsholding AG ranks #253 out of 358 companies in the Transportation industry, which is below the industry midpoint. Overall, HAMMONIA Schiffsholding AG has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HAMMONIA Schiffsholding AG's Net Current Asset Value compare to KEX?
According to the Transportation industry distribution chart, HAMMONIA Schiffsholding AG ranks #253 out of 358 companies for Net Current Asset Value. This places HAMMONIA Schiffsholding AG in the lower half of its industry. The industry median Net Current Asset Value is 3.93. Historically, HAMMONIA Schiffsholding AG's own Net Current Asset Value has ranged from 2.31 to 9.92 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 Transportation company?
The median Net Current Asset Value among Transportation companies is 3.93, based on 358 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 HAMMONIA Schiffsholding AG and its competitors. For the Transportation industry, the median Net Current Asset Value is 3.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HAMMONIA Schiffsholding AG's current Net Current Asset Value is €45.35, which is 494% above median its own 10-year median of 7.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAMMONIA Schiffsholding AG stock overvalued right now?
Based on GuruFocus' analysis, HAMMONIA Schiffsholding AG (HAM:HHX) is currently considered Significantly Overvalued. The stock's GF Value™ is €284.56, compared to a current price of €374.00 — trading 31.4% above its estimated fair value. The current Net Current Asset Value is €45.35, which is 494% above median its 10-year median of 7.63. HAMMONIA Schiffsholding AG's overall GF Score™ is 48/100 with 6 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 HAMMONIA Schiffsholding AG (HAM:HHX), the current Net Current Asset Value is €45.35 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 HAMMONIA Schiffsholding AG (HAM:HHX) Overvalued in 2026?
Based on GuruFocus' analysis, HAMMONIA Schiffsholding AG stock appears to be overvalued.
The current stock price of €374.00 is trading 31.4% above its estimated GF Value™ of €284.56.
GuruFocus considers HAMMONIA Schiffsholding AG to be Significantly Overvalued.
Key valuation signals for HAM:HHX:
Net Current Asset Value: €45.35 (494% above median its 10-year median of 7.63)
GF Value™: €284.56 vs. price of €374.00 (31.4% above fair value)
No single metric tells the full story. See the HAM:HHX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HAMMONIA Schiffsholding AG is engaged in the acquisition, active management, and sale of investments in shipping companies. As the managing holding company, it manages the individual shipping investments of its respective subsidiaries, providing its customers with operational vessels. The company focuses on container and tank ships, with its portfolio of fleets comprising full container ships, crude oil, and product tankers. In addition, it holds investments in special-purpose vehicles, each of which charters in a multipurpose, heavy-lift vessel on a long-term basis via bareboat charter and out on a time charter basis.
48GF Score
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