James HalsteadJMHSF 69 Net Current Asset Value is $0.41 as of Dec. 2025, which is 96% below its 10-year median of 10.52. GuruFocus rates JMHSF with a GF Score™ of 69/100 and a GF Value™ of $7.80 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,054 Construction companies, James Halstead ranks worse than 58.35% 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).
James Halstead's net current asset value per share for the quarter that ended in Dec. 2025 was $0.41.
The historical rank and industry rank for James Halstead's Net Current Asset Value or its related term are showing as below:
JMHSF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.08 Med: 10.52 Max: 18.64
Current: 4.11
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of James Halstead was 18.64. The lowest was 4.08. And the median was 10.52.
JMHSF's Price-to-Net-Current-Asset-Value is ranked worse than 58.35% of 1054
companies
in the Construction industry
Industry Median: 3.23
vs JMHSF: 4.11
James Halstead (OTCPK:JMHSF) 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.
James Halstead Net Current Asset Value Related Terms
James Halstead Net Current Asset Value Historical Data
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The historical data trend for James Halstead'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.
JMHSF vs TT, JCI, CARR: Net Current Asset Value Comparison
For the Building Products & Equipment subindustry, James Halstead'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.
James Halstead Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, James Halstead's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where James Halstead'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 $0.41 mean?
James Halstead (JMHSF) has a Net Current Asset Value of $0.41 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 James Halstead and its competitors. This is 96% below median its historical median of 10.52. Over the past decade, James Halstead's Net Current Asset Value has ranged from 4.08 to 18.64. According to the industry distribution chart, James Halstead ranks #615 out of 1054 companies in the Construction industry, placing it in the top 58.3%.
Is James Halstead's Net Current Asset Value too high?
James Halstead's current Net Current Asset Value of $0.41 is 96% below median its 10-year median of 10.52. Over the past 10 years, this metric has ranged from a low of 4.08 to a high of 18.64. The Construction industry median Net Current Asset Value is 3.23. James Halstead's value of $0.41 is 87.3% below this industry median. Based on the distribution chart, James Halstead ranks #615 out of 1054 companies in the Construction industry, which is below the industry midpoint. Overall, James Halstead has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does James Halstead's Net Current Asset Value compare to TT and JCI?
According to the Construction industry distribution chart, James Halstead ranks #615 out of 1054 companies for Net Current Asset Value. This places James Halstead in the lower half of its industry. The industry median Net Current Asset Value is 3.23. James Halstead's value of $0.41 is 87.3% below this benchmark. Historically, James Halstead's own Net Current Asset Value has ranged from 4.08 to 18.64 over the past decade. While the company's 10-year median is 10.52 vs. the industry median of 3.23, James Halstead 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.23, based on 1,054 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. James Halstead's current Net Current Asset Value of $0.41 is 87.3% 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 James Halstead and its competitors. For the Construction industry, the median Net Current Asset Value is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. James Halstead's current Net Current Asset Value is $0.41, which is 96% below median its own 10-year median of 10.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is James Halstead stock overvalued right now?
Based on GuruFocus' analysis, James Halstead (JMHSF) is currently considered Significantly Undervalued. The stock's GF Value™ is $7.80, compared to a current price of $1.68 — trading 78.4% below its estimated fair value. The current Net Current Asset Value is $0.41, which is 96% below median its 10-year median of 10.52 and 87.3% below the Construction industry median of 3.23. James Halstead's overall GF Score™ is 69/100 with 2 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 James Halstead (JMHSF), the current Net Current Asset Value is $0.41 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 James Halstead (JMHSF) Overvalued in 2026?
Based on GuruFocus' analysis, James Halstead stock appears to be undervalued.
The current stock price of $1.68 is trading 78.4% below its estimated GF Value™ of $7.80.
GuruFocus considers James Halstead to be Significantly Undervalued.
Key valuation signals for JMHSF:
Net Current Asset Value: $0.41 (96% below median its 10-year median of 10.52)
GF Value™: $7.80 vs. price of $1.68 (78.4% below fair value)
Industry Position: 87.3% below the Construction median (#615 of 1054)
No single metric tells the full story. See the JMHSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
James Halstead PLC manufactures commercial, contract, and consumer flooring. The flooring is used in offices, retail shops, factories, clinics, hospitals, schools, hotels, cinemas, restaurants, and airports. The firm's portfolio of brands includes Polyflor, Polysafe, Expona, Performa, Saarfloor Systems, Megastrong, Camaro, Colonia, Kudos, Expona Domestic, Voyager, Forest fx, Cavalio, and Arai. Arai is a helmet manufacturer focused on motorsports. Its geographic segments include the United Kingdom; Europe and Scandinavia; Australasia and Asia; and the Rest of the World.
69GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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