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Hyster YaleHY +2.90%68 Net Current Asset Value is $-12.45 as of Mar. 2026. GuruFocus rates HY with a GF Score™ of 68/100 and a GF Value™ of $41.69 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 145 Farm & Heavy Construction Machinery companies, Hyster Yale ranks worse than 689654.48% 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).
Hyster Yale's net current asset value per share for the quarter that ended in Mar. 2026 was $-12.45.
The historical rank and industry rank for Hyster Yale'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 Hyster Yale was 44.40. The lowest was 12.51. And the median was 27.11.
HY's Price-to-Net-Current-Asset-Value is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 3.83 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Hyster Yale (NYSE:HY) 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.
Hyster Yale Net Current Asset Value Related Terms
Hyster Yale Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Hyster Yale'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.
HY vs WNC, TWI, MTW: Net Current Asset Value Comparison
For the Farm & Heavy Construction Machinery subindustry, Hyster Yale'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.
Hyster Yale Price-to-Net-Current-Asset-Value vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Hyster Yale's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hyster Yale'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 $-12.45 mean?
Hyster Yale (HY) has a Net Current Asset Value of $-12.45 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 Hyster Yale and its competitors. Over the past decade, Hyster Yale's Net Current Asset Value has ranged from 12.51 to 44.40. According to the industry distribution chart, Hyster Yale ranks #999999 out of 145 companies in the Farm & Heavy Construction Machinery industry.
Is Hyster Yale's Net Current Asset Value too high?
Hyster Yale's current Net Current Asset Value is $-12.45. Over the past 10 years, this metric has ranged from a low of 12.51 to a high of 44.40. Based on the distribution chart, Hyster Yale ranks #999999 out of 145 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Hyster Yale has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hyster Yale's Net Current Asset Value compare to WNC and TWI?
According to the Farm & Heavy Construction Machinery industry distribution chart, Hyster Yale ranks #999999 out of 145 companies for Net Current Asset Value. This places Hyster Yale in the lower half of its industry. The industry median Net Current Asset Value is 3.83. Historically, Hyster Yale's own Net Current Asset Value has ranged from 12.51 to 44.40 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 Farm & Heavy Construction Machinery company?
The median Net Current Asset Value among Farm & Heavy Construction Machinery companies is 3.83, based on 145 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 Hyster Yale and its competitors. For the Farm & Heavy Construction Machinery industry, the median Net Current Asset Value is 3.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hyster Yale's current Net Current Asset Value is $-12.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hyster Yale stock overvalued right now?
Based on GuruFocus' analysis, Hyster Yale (HY) is currently considered Modestly Undervalued. The stock's GF Value™ is $41.69, compared to a current price of $36.15 — trading 13.3% below its estimated fair value. The current Net Current Asset Value is $-12.45. Hyster Yale's overall GF Score™ is 68/100 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 Hyster Yale (HY), the current Net Current Asset Value is $-12.45 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 Hyster Yale (HY) Overvalued in 2026?
Based on GuruFocus' analysis, Hyster Yale stock appears to be undervalued.
The current stock price of $36.15 is trading 13.3% below its estimated GF Value™ of $41.69.
GuruFocus considers Hyster Yale to be Modestly Undervalued.
Key valuation signals for HY:
Net Current Asset Value: $-12.45
GF Value™: $41.69 vs. price of $36.15 (13.3% below fair value)
No single metric tells the full story. See the HY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hyster Yale Inc designs, engineers, manufactures, sells, and services a comprehensive line of lift trucks, attachments, aftermarket parts, and technology solutions marketed globally under the Hyster and Yale brand names. The company has four segments, which include three in the lift truck business as discussed below, as well as Bolzoni S.p.A. (Bolzoni). The majority of its revenue is generated from Lift Trucks. Geographically, it operates in America, EMEA, and JAPIC regions, of which maximum revenue is generated from its business in America, which includes lift truck operations in the U.S., Canada, Mexico, Brazil, and Latin America.
68GF Score
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