JL Mag Rare-Earth CoJMREY 69 Net Current Asset Value is $2.07 as of Mar. 2026, which is 84% below its 10-year median of 12.89. GuruFocus rates JMREY with a GF Score™ of 69/100 and a GF Value™ of $11.28 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,217 Industrial Products companies, JL Mag Rare-Earth Co ranks worse than 77.63% 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).
JL Mag Rare-Earth Co's net current asset value per share for the quarter that ended in Mar. 2026 was $2.07.
The historical rank and industry rank for JL Mag Rare-Earth Co's Net Current Asset Value or its related term are showing as below:
JMREY'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.73 Med: 12.89 Max: 39.78
Current: 14.35
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of JL Mag Rare-Earth Co was 39.78. The lowest was 4.73. And the median was 12.89.
JMREY's Price-to-Net-Current-Asset-Value is ranked worse than 77.63% of 2217
companies
in the Industrial Products industry
Industry Median: 5.58
vs JMREY: 14.35
JL Mag Rare-Earth Co (OTCPK:JMREY) 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.
JL Mag Rare-Earth Co Net Current Asset Value Related Terms
JL Mag Rare-Earth Co Net Current Asset Value Historical Data
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The historical data trend for JL Mag Rare-Earth Co'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.
JL Mag Rare-Earth Co Net Current Asset Value Chart
JMREY vs CRS, ATI, MLI: Net Current Asset Value Comparison
For the Metal Fabrication subindustry, JL Mag Rare-Earth Co'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.
JL Mag Rare-Earth Co Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, JL Mag Rare-Earth Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where JL Mag Rare-Earth Co'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 $2.07 mean?
JL Mag Rare-Earth Co (JMREY) has a Net Current Asset Value of $2.07 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 JL Mag Rare-Earth Co and its competitors. This is 84% below median its historical median of 12.89. Over the past decade, JL Mag Rare-Earth Co's Net Current Asset Value has ranged from 4.73 to 39.78. According to the industry distribution chart, JL Mag Rare-Earth Co ranks #1721 out of 2217 companies in the Industrial Products industry, placing it in the top 77.6%.
Is JL Mag Rare-Earth Co's Net Current Asset Value too high?
JL Mag Rare-Earth Co's current Net Current Asset Value of $2.07 is 84% below median its 10-year median of 12.89. Over the past 10 years, this metric has ranged from a low of 4.73 to a high of 39.78. The Industrial Products industry median Net Current Asset Value is 5.58. JL Mag Rare-Earth Co's value of $2.07 is 62.9% below this industry median. Based on the distribution chart, JL Mag Rare-Earth Co ranks #1721 out of 2217 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, JL Mag Rare-Earth Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JL Mag Rare-Earth Co's Net Current Asset Value compare to CRS and ATI?
According to the Industrial Products industry distribution chart, JL Mag Rare-Earth Co ranks #1721 out of 2217 companies for Net Current Asset Value. This places JL Mag Rare-Earth Co in the lower half of its industry. The industry median Net Current Asset Value is 5.58. JL Mag Rare-Earth Co's value of $2.07 is 62.9% below this benchmark. Historically, JL Mag Rare-Earth Co's own Net Current Asset Value has ranged from 4.73 to 39.78 over the past decade. While the company's 10-year median is 12.89 vs. the industry median of 5.58, JL Mag Rare-Earth Co 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 an Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.58, based on 2,217 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. JL Mag Rare-Earth Co's current Net Current Asset Value of $2.07 is 62.9% 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 JL Mag Rare-Earth Co and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JL Mag Rare-Earth Co's current Net Current Asset Value is $2.07, which is 84% below median its own 10-year median of 12.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JL Mag Rare-Earth Co stock overvalued right now?
Based on GuruFocus' analysis, JL Mag Rare-Earth Co (JMREY) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.28, compared to a current price of $15.50 — trading 37.4% above its estimated fair value. The current Net Current Asset Value is $2.07, which is 84% below median its 10-year median of 12.89 and 62.9% below the Industrial Products industry median of 5.58. JL Mag Rare-Earth Co's overall GF Score™ is 69/100 with 6 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 JL Mag Rare-Earth Co (JMREY), the current Net Current Asset Value is $2.07 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 JL Mag Rare-Earth Co (JMREY) Overvalued in 2026?
Based on GuruFocus' analysis, JL Mag Rare-Earth Co stock appears to be overvalued.
The current stock price of $15.50 is trading 37.4% above its estimated GF Value™ of $11.28.
GuruFocus considers JL Mag Rare-Earth Co to be Significantly Overvalued.
Key valuation signals for JMREY:
Net Current Asset Value: $2.07 (84% below median its 10-year median of 12.89)
GF Value™: $11.28 vs. price of $15.50 (37.4% above fair value)
Industry Position: 62.9% below the Industrial Products median (#1721 of 2217)
No single metric tells the full story. See the JMREY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JL Mag Rare-Earth is a leading global producer of high-performance rare-earth permanent magnets. JL Mag focuses on the production and sale of NdFeB PMs, the most widely used type of REPMs, mainly made from an alloy of neodymium (Nd), iron (Fe), and boron (B). The firm is ranked first in the world by high-performance REPMs, according to Frost & Sullivan. JL Mag is also ranked first in the global grain boundary diffusion REPMs market. Its products have a wide array of applications, mainly in new energy vehicles, automotive parts, wind turbine generators, and energy-saving variable-frequency air-conditioners.
69GF Score
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