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).
Hua Hong Grace Semiconductor's net current asset value per share for the quarter that ended in Mar. 2026 was $-0.90.
The historical rank and industry rank for Hua Hong Grace Semiconductor's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hua Hong Grace Semiconductor was 22.72. The lowest was 2.01. And the median was 3.42.
HHUSF's Price-to-Net-Current-Asset-Value is not ranked *
in the Semiconductors industry.
Industry Median: 9.275 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Hua Hong Grace Semiconductor (OTCPK:HHUSF) 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.
Hua Hong Grace Semiconductor Net Current Asset Value Related Terms
Hua Hong Grace Semiconductor 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.
Hua Hong Grace Semiconductor Net Current Asset Value Chart
HHUSF vs NVDA, AVGO, MU: Net Current Asset Value Comparison
For the Semiconductors subindustry, Hua Hong Grace Semiconductor'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.
Hua Hong Grace Semiconductor Price-to-Net-Current-Asset-Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Hua Hong Grace Semiconductor's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hua Hong Grace Semiconductor'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 $-0.90 mean?
Hua Hong Grace Semiconductor (HHUSF) has a Net Current Asset Value of $-0.90 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 Hua Hong Grace Semiconductor and its competitors. Over the past decade, Hua Hong Grace Semiconductor's Net Current Asset Value has ranged from 2.01 to 22.72. According to the industry distribution chart, Hua Hong Grace Semiconductor ranks #999999 out of 720 companies in the Semiconductors industry.
Is Hua Hong Grace Semiconductor's Net Current Asset Value too high?
Hua Hong Grace Semiconductor's current Net Current Asset Value is $-0.90. Over the past 10 years, this metric has ranged from a low of 2.01 to a high of 22.72. Based on the distribution chart, Hua Hong Grace Semiconductor ranks #999999 out of 720 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Hua Hong Grace Semiconductor has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hua Hong Grace Semiconductor's Net Current Asset Value compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Hua Hong Grace Semiconductor ranks #999999 out of 720 companies for Net Current Asset Value. This places Hua Hong Grace Semiconductor in the lower half of its industry. The industry median Net Current Asset Value is 9.28. Historically, Hua Hong Grace Semiconductor's own Net Current Asset Value has ranged from 2.01 to 22.72 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 Semiconductors company?
The median Net Current Asset Value among Semiconductors companies is 9.28, based on 720 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 Hua Hong Grace Semiconductor and its competitors. For the Semiconductors industry, the median Net Current Asset Value is 9.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hua Hong Grace Semiconductor's current Net Current Asset Value is $-0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hua Hong Grace Semiconductor stock overvalued right now?
Based on GuruFocus' analysis, Hua Hong Grace Semiconductor (HHUSF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.29, compared to a current price of $21.30 — trading 547.4% above its estimated fair value. The current Net Current Asset Value is $-0.90. Hua Hong Grace Semiconductor's overall GF Score™ is 64/100 with 9 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 Hua Hong Grace Semiconductor (HHUSF), the current Net Current Asset Value is $-0.90 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 Hua Hong Grace Semiconductor (HHUSF) Overvalued in 2026?
Based on GuruFocus' analysis, Hua Hong Grace Semiconductor stock appears to be overvalued.
The current stock price of $21.30 is trading 547.4% above its estimated GF Value™ of $3.29.
GuruFocus considers Hua Hong Grace Semiconductor to be Significantly Overvalued.
Key valuation signals for HHUSF:
Net Current Asset Value: $-0.90
GF Value™: $3.29 vs. price of $21.30 (547.4% above fair value)
No single metric tells the full story. See the HHUSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hua Hong Semiconductor, or Hua Hong, is the second-largest Chinese foundry and the seventh-largest globally. Its current form is a result of an intragroup restructuring completed in 2013. Hua Hong is headquartered in Shanghai with another plant in Wuxi, China, and has sales offices in Japan, Taiwan, and the US. It employs more than 7,628 employees as of Dec. 31, 2025. Hua Hong's products are used on smartphones, PCs, for the Internet of Things, data centers, and for automotive and industrial purposes, among others, but it focuses on more mature process technologies.
64GF Score
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