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H2O RetailingHTOCF 69 Net Current Asset Value is $-12.83 as of Mar. 2026. GuruFocus rates HTOCF with a GF Score™ of 69/100 and a GF Value™ of $7.44. The stock has 5 warning signs investors should review. Among 135 Retail - Defensive companies, H2O Retailing ranks worse than 740740% 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).
H2O Retailing's net current asset value per share for the quarter that ended in Mar. 2026 was $-12.83.
The historical rank and industry rank for H2O Retailing's Net Current Asset Value or its related term are showing as below:
HTOCF's Price-to-Net-Current-Asset-Value is not ranked *
in the Retail - Defensive industry.
Industry Median: 3.33 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
H2O Retailing (OTCPK:HTOCF) 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.
H2O Retailing Net Current Asset Value Related Terms
H2O Retailing Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for H2O Retailing'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.
For the Grocery Stores subindustry, H2O Retailing'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.
H2O Retailing Price-to-Net-Current-Asset-Value vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, H2O Retailing's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where H2O Retailing'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 $-12.83 mean?
H2O Retailing (HTOCF) has a Net Current Asset Value of $-12.83 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 H2O Retailing and its competitors. According to the industry distribution chart, H2O Retailing ranks #999999 out of 135 companies in the Retail - Defensive industry.
Is H2O Retailing's Net Current Asset Value too high?
H2O Retailing's current Net Current Asset Value is $-12.83. Based on the distribution chart, H2O Retailing ranks #999999 out of 135 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, H2O Retailing has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does H2O Retailing's Net Current Asset Value compare to KR?
According to the Retail - Defensive industry distribution chart, H2O Retailing ranks #999999 out of 135 companies for Net Current Asset Value. This places H2O Retailing in the lower half of its industry. The industry median Net Current Asset Value is 3.33. 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 Retail - Defensive company?
The median Net Current Asset Value among Retail - Defensive companies is 3.33, based on 135 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 H2O Retailing and its competitors. For the Retail - Defensive industry, the median Net Current Asset Value is 3.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H2O Retailing's current Net Current Asset Value is $-12.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H2O Retailing stock overvalued right now?
H2O Retailing (HTOCF) has a current Net Current Asset Value of $-12.83. The stock's GF Value™ is $7.44, compared to a current price of $10.00 — trading 34.4% above its estimated fair value. The current Net Current Asset Value is $-12.83. H2O Retailing's overall GF Score™ is 69/100 with 5 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 H2O Retailing (HTOCF), the current Net Current Asset Value is $-12.83 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 H2O Retailing (HTOCF) Overvalued in 2026?
Based on GuruFocus' analysis, H2O Retailing stock appears to be overvalued.
The current stock price of $10.00 is trading 34.4% above its estimated GF Value™ of $7.44.
Key valuation signals for HTOCF:
Net Current Asset Value: $-12.83
GF Value™: $7.44 vs. price of $10.00 (34.4% above fair value)
No single metric tells the full story. See the HTOCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
H2O Retailing Corp is a Japan-based retailer that provides a broad range of merchandise to meet consumers' needs, from daily needs to special products. The company's core business is the department store business, which includes both the Hankyu and Hanshin department store chains. Superstore business is the company's another major business arm, including the Izumiya and Hankyu Oasis store chains. H2O Retailing also runs a specialty store business, engaged in providing cosmetics, ladies' footwear, and other products and services. In addition to retail businesses, the company operates other businesses as well, such as hotels and restaurants.
69GF Score
Get the complete analysis for HTOCF
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