Iluka ResourcesILKAF +3.14%70 Net Current Asset Value is $-1.51 as of Dec. 2025. GuruFocus rates ILKAF with a GF Score™ of 70/100 and a GF Value™ of $3.48 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,332 Metals & Mining companies, Iluka Resources ranks worse than 75075% 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).
Iluka Resources's net current asset value per share for the quarter that ended in Dec. 2025 was $-1.51.
The historical rank and industry rank for Iluka Resources'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 Iluka Resources was 20.00. The lowest was 17.33. And the median was 18.67.
ILKAF's Price-to-Net-Current-Asset-Value is not ranked *
in the Metals & Mining industry.
Industry Median: 6.5 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Iluka Resources (OTCPK:ILKAF) 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.
Iluka Resources Net Current Asset Value Related Terms
Iluka Resources Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Iluka Resources'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.
Iluka Resources Net Current Asset Value Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Iluka Resources'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.
Iluka Resources Price-to-Net-Current-Asset-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Iluka Resources's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Iluka Resources'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 $-1.51 mean?
Iluka Resources (ILKAF) has a Net Current Asset Value of $-1.51 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 Iluka Resources and its competitors. Over the past decade, Iluka Resources' Net Current Asset Value has ranged from 17.33 to 20.00. According to the industry distribution chart, Iluka Resources ranks #999999 out of 1332 companies in the Metals & Mining industry.
Is Iluka Resources' Net Current Asset Value too high?
Iluka Resources' current Net Current Asset Value is $-1.51. Over the past 10 years, this metric has ranged from a low of 17.33 to a high of 20.00. Based on the distribution chart, Iluka Resources ranks #999999 out of 1332 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Iluka Resources has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Iluka Resources' Net Current Asset Value compare to competitors?
According to the Metals & Mining industry distribution chart, Iluka Resources ranks #999999 out of 1332 companies for Net Current Asset Value. This places Iluka Resources in the lower half of its industry. The industry median Net Current Asset Value is 6.50. Historically, Iluka Resources' own Net Current Asset Value has ranged from 17.33 to 20.00 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 Metals & Mining company?
The median Net Current Asset Value among Metals & Mining companies is 6.50, based on 1,332 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 Iluka Resources and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 6.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iluka Resources's current Net Current Asset Value is $-1.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iluka Resources stock overvalued right now?
Based on GuruFocus' analysis, Iluka Resources (ILKAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.48, compared to a current price of $4.93 — trading 41.5% above its estimated fair value. The current Net Current Asset Value is $-1.51. Iluka Resources' overall GF Score™ is 70/100 with 8 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 Iluka Resources (ILKAF), the current Net Current Asset Value is $-1.51 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 Iluka Resources (ILKAF) Overvalued in 2026?
Based on GuruFocus' analysis, Iluka Resources stock appears to be overvalued.
The current stock price of $4.93 is trading 41.5% above its estimated GF Value™ of $3.48.
GuruFocus considers Iluka Resources to be Significantly Overvalued.
Key valuation signals for ILKAF:
Net Current Asset Value: $-1.51
GF Value™: $3.48 vs. price of $4.93 (41.5% above fair value)
No single metric tells the full story. See the ILKAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Iluka Resources is a leading global mineral sands miner. It is the largest global producer of zircon, and one of the largest producers of titanium dioxide feedstocks (rutile, synthetic rutile). Low zircon costs are underpinned by the high-grade Jacinth-Ambrosia mine in South Australia, but reserve life is less than 10 years. A 20% shareholding in Deterra Royalties brings exposure to the high-quality Mining Area C iron ore royalty. Production from the Balranald rutile and zircon mine commenced in late 2025, and Iluka is also building a rare-earth refinery at Eneabba. The refinery will be able to process Iluka's existing monazite stockpile as well as feed from third parties, Balranald, and future Iluka projects.
70GF Score
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