LPPLPPSY +0.84%97 Net Current Asset Value is $-5.01 as of Apr. 2026. GuruFocus rates LPPSY with a GF Score™ of 97/100 and a GF Value™ of $23.41. The stock has 1 warning sign investors should review. Among 630 Manufacturing - Apparel & Accessories companies, LPP ranks worse than 158730% 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).
LPP's net current asset value per share for the quarter that ended in Apr. 2026 was $-5.01.
The historical rank and industry rank for LPP'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 LPP was 74.08. The lowest was 32.51. And the median was 48.53.
LPPSY's Price-to-Net-Current-Asset-Value is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 3.01 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
LPP (OTCPK:LPPSY) 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.
LPP Net Current Asset Value Related Terms
LPP Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for LPP'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.
LPPSY vs RL, LEVI, VFC: Net Current Asset Value Comparison
For the Apparel Manufacturing subindustry, LPP'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.
LPP Price-to-Net-Current-Asset-Value vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, LPP's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where LPP'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 $-5.01 mean?
LPP (LPPSY) has a Net Current Asset Value of $-5.01 as of Apr. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on LPP and its competitors. Over the past decade, LPP's Net Current Asset Value has ranged from 32.51 to 74.08. According to the industry distribution chart, LPP ranks #999999 out of 630 companies in the Manufacturing - Apparel & Accessories industry.
Is LPP's Net Current Asset Value too high?
LPP's current Net Current Asset Value is $-5.01. Over the past 10 years, this metric has ranged from a low of 32.51 to a high of 74.08. Based on the distribution chart, LPP ranks #999999 out of 630 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, LPP has a GF Score™ of 97/100, reflecting its overall financial health beyond just this single metric.
How does LPP's Net Current Asset Value compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, LPP ranks #999999 out of 630 companies for Net Current Asset Value. This places LPP in the lower half of its industry. The industry median Net Current Asset Value is 3.01. Historically, LPP's own Net Current Asset Value has ranged from 32.51 to 74.08 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 Manufacturing - Apparel & Accessories company?
The median Net Current Asset Value among Manufacturing - Apparel & Accessories companies is 3.01, based on 630 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 LPP and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Net Current Asset Value is 3.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LPP's current Net Current Asset Value is $-5.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LPP stock overvalued right now?
LPP (LPPSY) has a current Net Current Asset Value of $-5.01. The stock's GF Value™ is $23.41, compared to a current price of $20.41 — trading 12.8% below its estimated fair value. The current Net Current Asset Value is $-5.01. LPP's overall GF Score™ is 97/100 with 1 warning sign 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 LPP (LPPSY), the current Net Current Asset Value is $-5.01 as of Apr. 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 LPP (LPPSY) Overvalued in 2026?
Based on GuruFocus' analysis, LPP stock appears to be undervalued.
The current stock price of $20.41 is trading 12.8% below its estimated GF Value™ of $23.41.
Key valuation signals for LPPSY:
Net Current Asset Value: $-5.01
GF Value™: $23.41 vs. price of $20.41 (12.8% below fair value)
No single metric tells the full story. See the LPPSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LPP SA makes and sells clothing, footwear, bags, and accessories in Central and Eastern Europe. LPP has nearly 1,500 company-branded retail stores, which serve as the company's primary sales channel. Brands include Reserved, Cropp, House, Mohito, and Sinsay. Reserved stores account for roughly half of the company's sales volume. Geographically, most sales are in Poland, and Poland and Russia account for more than 80% of total sales. LPP purchases most of its materials in Asia, and the company's manufacturers are primarily located in China.
97GF Score
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