Johnson MattheyJMPLF 64 Net Current Asset Value is $-0.17 as of Mar. 2026. GuruFocus rates JMPLF with a GF Score™ of 64/100 and a GF Value™ of $19.84 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 947 Chemicals companies, Johnson Matthey ranks worse than 105596.52% 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).
Johnson Matthey's net current asset value per share for the quarter that ended in Mar. 2026 was $-0.17.
The historical rank and industry rank for Johnson Matthey'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 Johnson Matthey was 174.56. The lowest was 174.56. And the median was 174.56.
JMPLF's Price-to-Net-Current-Asset-Value is not ranked *
in the Chemicals industry.
Industry Median: 5.18 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Johnson Matthey (OTCPK:JMPLF) 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.
Johnson Matthey Net Current Asset Value Related Terms
Johnson Matthey Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Johnson Matthey'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.
JMPLF vs LIN, SHW, ECL: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Johnson Matthey'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.
Johnson Matthey Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Johnson Matthey's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Johnson Matthey'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 $-0.17 mean?
Johnson Matthey (JMPLF) has a Net Current Asset Value of $-0.17 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 Johnson Matthey and its competitors. Over the past decade, Johnson Matthey's Net Current Asset Value has ranged from 174.56 to 174.56. According to the industry distribution chart, Johnson Matthey ranks #999999 out of 947 companies in the Chemicals industry.
Is Johnson Matthey's Net Current Asset Value too high?
Johnson Matthey's current Net Current Asset Value is $-0.17. Over the past 10 years, this metric has ranged from a low of 174.56 to a high of 174.56. Based on the distribution chart, Johnson Matthey ranks #999999 out of 947 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Johnson Matthey has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Johnson Matthey's Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, Johnson Matthey ranks #999999 out of 947 companies for Net Current Asset Value. This places Johnson Matthey in the lower half of its industry. The industry median Net Current Asset Value is 5.18. Historically, Johnson Matthey's own Net Current Asset Value has ranged from 174.56 to 174.56 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 Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.18, based on 947 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 Johnson Matthey and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Johnson Matthey's current Net Current Asset Value is $-0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Johnson Matthey stock overvalued right now?
Based on GuruFocus' analysis, Johnson Matthey (JMPLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.84, compared to a current price of $28.61 — trading 44.2% above its estimated fair value. The current Net Current Asset Value is $-0.17. Johnson Matthey's overall GF Score™ is 64/100 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 Johnson Matthey (JMPLF), the current Net Current Asset Value is $-0.17 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 Johnson Matthey (JMPLF) Overvalued in 2026?
Based on GuruFocus' analysis, Johnson Matthey stock appears to be overvalued.
The current stock price of $28.61 is trading 44.2% above its estimated GF Value™ of $19.84.
GuruFocus considers Johnson Matthey to be Significantly Overvalued.
Key valuation signals for JMPLF:
Net Current Asset Value: $-0.17
GF Value™: $19.84 vs. price of $28.61 (44.2% above fair value)
No single metric tells the full story. See the JMPLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Johnson Matthey PLC is a platinum group metals (PGMs) company. It uses metal chemistry, catalysis, and process engineering and provides technology and expertise to energy, chemicals, and automotive companies to decarbonise, reduce harmful emissions, and improve sustainability. Its segments include Clean Air, PGM Services, Catalyst Technologies, Hydrogen Technologies and Value Businesses. The company generates maximum revenue from the PGM Services segment, which enables the energy transition through providing circular solutions as demand for scarce critical materials increases, provides a strategic service to the group supporting the other segments with security of metal supply, and manufactures value-added PGM products. The company derives key revenue from the United Kingdom.
64GF Score
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