Karman HoldingsHAM:VF4 +1.91%15 Net Current Asset Value is €-4.19 as of Mar. 2026. GuruFocus rates HAM:VF4 with a GF Score™ of 15/100. The stock has 2 warning signs investors should review. Among 197 Aerospace & Defense companies, Karman Holdings ranks worse than 507613.71% 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).
Karman Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was €-4.19.
The historical rank and industry rank for Karman Holdings's Net Current Asset Value or its related term are showing as below:
HAM:VF4's Price-to-Net-Current-Asset-Value is not ranked *
in the Aerospace & Defense industry.
Industry Median: 8.23 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Karman Holdings (HAM:VF4) 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.
Karman Holdings Net Current Asset Value Related Terms
Karman Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Karman 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.
HAM:VF4 vs VSEC, MRCY, AIR: Net Current Asset Value Comparison
For the Aerospace & Defense subindustry, Karman 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.
Karman Holdings Price-to-Net-Current-Asset-Value vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Karman Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Karman 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 €-4.19 mean?
Karman Holdings (HAM:VF4) has a Net Current Asset Value of €-4.19 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 Karman Holdings and its competitors. According to the industry distribution chart, Karman Holdings ranks #999999 out of 197 companies in the Aerospace & Defense industry.
Is Karman Holdings' Net Current Asset Value too high?
Karman Holdings' current Net Current Asset Value is €-4.19. Based on the distribution chart, Karman Holdings ranks #999999 out of 197 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Karman Holdings has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Karman Holdings' Net Current Asset Value compare to VSEC and MRCY?
According to the Aerospace & Defense industry distribution chart, Karman Holdings ranks #999999 out of 197 companies for Net Current Asset Value. This places Karman Holdings in the lower half of its industry. The industry median Net Current Asset Value is 8.23. 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 8.23, 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. 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 Karman Holdings and its competitors. For the Aerospace & Defense industry, the median Net Current Asset Value is 8.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Karman Holdings's current Net Current Asset Value is €-4.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karman Holdings stock overvalued right now?
Karman Holdings (HAM:VF4) has a current Net Current Asset Value of €-4.19. The current Net Current Asset Value is €-4.19. Karman Holdings' overall GF Score™ is 15/100 with 2 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 Karman Holdings (HAM:VF4), the current Net Current Asset Value is €-4.19 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.
Karman Holdings Inc specializes in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Its integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (DoD) and space sector initiatives. Its engineered solutions are organized into three key families: Payload Protection and Deployment Systems, Aerodynamic Interstage Systems, and Propulsion Systems. The company's solutions are deployed across three growing, core end markets: Hypersonics & Strategic Missile Defense, Missile & Integrated Defense Systems, and Space & Launch.
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