Hovnanian EnterprisesHOVVB 68 Net Current Asset Value is $-8.10 as of Apr. 2026. GuruFocus rates HOVVB with a GF Score™ of 68/100 and a GF Value™ of $102.22 (Fairly Valued). The stock has 9 warning signs investors should review. Among 71 Homebuilding & Construction companies, Hovnanian Enterprises ranks worse than 1408449.3% 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).
Hovnanian Enterprises's net current asset value per share for the quarter that ended in Apr. 2026 was $-8.10.
The historical rank and industry rank for Hovnanian Enterprises'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 Hovnanian Enterprises was 190.93. The lowest was 64.64. And the median was 127.79.
HOVVB's Price-to-Net-Current-Asset-Value is not ranked *
in the Homebuilding & Construction industry.
Industry Median: 1.54 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Hovnanian Enterprises (OTCPK:HOVVB) 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.
Hovnanian Enterprises Net Current Asset Value Related Terms
Hovnanian Enterprises Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Hovnanian Enterprises'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.
Hovnanian Enterprises Net Current Asset Value Chart
HOVVB vs BZH, LEGH, VNJA: Net Current Asset Value Comparison
For the Residential Construction subindustry, Hovnanian Enterprises'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.
Hovnanian Enterprises Price-to-Net-Current-Asset-Value vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Hovnanian Enterprises's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hovnanian Enterprises'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 $-8.10 mean?
Hovnanian Enterprises (HOVVB) has a Net Current Asset Value of $-8.10 as of Apr. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Hovnanian Enterprises and its competitors. Over the past decade, Hovnanian Enterprises' Net Current Asset Value has ranged from 64.64 to 190.93. According to the industry distribution chart, Hovnanian Enterprises ranks #999999 out of 71 companies in the Homebuilding & Construction industry.
Is Hovnanian Enterprises' Net Current Asset Value too high?
Hovnanian Enterprises' current Net Current Asset Value is $-8.10. Over the past 10 years, this metric has ranged from a low of 64.64 to a high of 190.93. Based on the distribution chart, Hovnanian Enterprises ranks #999999 out of 71 companies in the Homebuilding & Construction industry, which is in the bottom quartile relative to peers. Overall, Hovnanian Enterprises has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hovnanian Enterprises' Net Current Asset Value compare to BZH and LEGH?
According to the Homebuilding & Construction industry distribution chart, Hovnanian Enterprises ranks #999999 out of 71 companies for Net Current Asset Value. This places Hovnanian Enterprises in the lower half of its industry. The industry median Net Current Asset Value is 1.54. Historically, Hovnanian Enterprises' own Net Current Asset Value has ranged from 64.64 to 190.93 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 Homebuilding & Construction company?
The median Net Current Asset Value among Homebuilding & Construction companies is 1.54, based on 71 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 Hovnanian Enterprises and its competitors. For the Homebuilding & Construction industry, the median Net Current Asset Value is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hovnanian Enterprises's current Net Current Asset Value is $-8.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hovnanian Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Hovnanian Enterprises (HOVVB) is currently considered Fairly Valued. The stock's GF Value™ is $102.22, compared to a current price of $110.00 — trading 7.6% above its estimated fair value. The current Net Current Asset Value is $-8.10. Hovnanian Enterprises' overall GF Score™ is 68/100 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 Hovnanian Enterprises (HOVVB), the current Net Current Asset Value is $-8.10 as of Apr. 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 Hovnanian Enterprises (HOVVB) Overvalued in 2026?
Based on GuruFocus' analysis, Hovnanian Enterprises stock appears to be overvalued.
The current stock price of $110.00 is trading 7.6% above its estimated GF Value™ of $102.22.
GuruFocus considers Hovnanian Enterprises to be Fairly Valued.
Key valuation signals for HOVVB:
Net Current Asset Value: $-8.10
GF Value™: $102.22 vs. price of $110.00 (7.6% above fair value)
No single metric tells the full story. See the HOVVB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hovnanian Enterprises Inc conducts all of its homebuilding and financial services operations. The company designs, constructs, markets, and sells single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It has two distinct operations: homebuilding and financial services. Its homebuilding operations are divided geographically into three segments: Northeast, which includes Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia, and West Virginia; Southeast, which includes Florida, Georgia, and South Carolina; and West, which includes Arizona, California, and Texas. The firm generates maximum revenue from the West Segment.
68GF Score
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