Hongli GroupHLP +3.14%40 Net Current Asset Value is $0.02 as of Dec. 2025, which is 100% below its 10-year median of 91.50. GuruFocus rates HLP with a GF Score™ of 40/100 and a GF Value™ of $0.35 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 367 Steel companies, Hongli Group ranks worse than 96.19% 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).
Hongli Group's net current asset value per share for the quarter that ended in Dec. 2025 was $0.02.
The historical rank and industry rank for Hongli Group's Net Current Asset Value or its related term are showing as below:
HLP'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 41.5 Med: 91.5 Max: 131
Current: 42.83
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hongli Group was 131.00. The lowest was 41.50. And the median was 91.50.
HLP's Price-to-Net-Current-Asset-Value is ranked worse than 96.19% of 367
companies
in the Steel industry
Industry Median: 2.99
vs HLP: 42.83
Hongli Group (NAS:HLP) 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.
Hongli Group Net Current Asset Value Related Terms
Hongli Group Net Current Asset Value Historical Data
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The historical data trend for Hongli Group'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.
HLP vs HUDI, ZKIN, LUD: Net Current Asset Value Comparison
For the Steel subindustry, Hongli Group'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.
Hongli Group Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, Hongli Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hongli Group'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 $0.02 mean?
Hongli Group (HLP) has a Net Current Asset Value of $0.02 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 Hongli Group and its competitors. This is 100% below median its historical median of 91.50. Over the past decade, Hongli Group's Net Current Asset Value has ranged from 41.50 to 131.00. According to the industry distribution chart, Hongli Group ranks #353 out of 367 companies in the Steel industry, placing it in the top 96.2%.
Is Hongli Group's Net Current Asset Value too high?
Hongli Group's current Net Current Asset Value of $0.02 is 100% below median its 10-year median of 91.50. Over the past 10 years, this metric has ranged from a low of 41.50 to a high of 131.00. The Steel industry median Net Current Asset Value is 2.99. Hongli Group's value of $0.02 is 99.3% below this industry median. Based on the distribution chart, Hongli Group ranks #353 out of 367 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Hongli Group has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hongli Group's Net Current Asset Value compare to HUDI and ZKIN?
According to the Steel industry distribution chart, Hongli Group ranks #353 out of 367 companies for Net Current Asset Value. This places Hongli Group in the lower half of its industry. The industry median Net Current Asset Value is 2.99. Hongli Group's value of $0.02 is 99.3% below this benchmark. Historically, Hongli Group's own Net Current Asset Value has ranged from 41.50 to 131.00 over the past decade. While the company's 10-year median is 91.50 vs. the industry median of 2.99, Hongli Group has consistently been below 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 Steel company?
The median Net Current Asset Value among Steel companies is 2.99, based on 367 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. Hongli Group's current Net Current Asset Value of $0.02 is 99.3% below 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 Hongli Group and its competitors. For the Steel industry, the median Net Current Asset Value is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hongli Group's current Net Current Asset Value is $0.02, which is 100% below median its own 10-year median of 91.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hongli Group stock overvalued right now?
Based on GuruFocus' analysis, Hongli Group (HLP) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.35, compared to a current price of $0.86 — trading 144.7% above its estimated fair value. The current Net Current Asset Value is $0.02, which is 100% below median its 10-year median of 91.50 and 99.3% below the Steel industry median of 2.99. Hongli Group's overall GF Score™ is 40/100 with 3 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 Hongli Group (HLP), the current Net Current Asset Value is $0.02 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 Hongli Group (HLP) Overvalued in 2026?
Based on GuruFocus' analysis, Hongli Group stock appears to be overvalued.
The current stock price of $0.86 is trading 144.7% above its estimated GF Value™ of $0.35.
GuruFocus considers Hongli Group to be Significantly Overvalued.
Key valuation signals for HLP:
Net Current Asset Value: $0.02 (100% below median its 10-year median of 91.50)
GF Value™: $0.35 vs. price of $0.86 (144.7% above fair value)
Industry Position: 99.3% below the Steel median (#353 of 367)
No single metric tells the full story. See the HLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hongli Group Inc is an offshore holding company. Through its subsidiaries, it is engaged in the cold-rolled steel profile manufacturing in China. Its main business operation focuses on the design, production, deep processing, and sales of custom-made profiles for machinery and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture, and transportation industries. The group operates in a single segment, which manufactures and sells agricultural machinery cab assemblies, construction machinery cab assemblies, excavator cab assemblies, and special-shaped steel pipes. It generates the majority of its reveneue from PRC.
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