Ultimate ProductsLSE:ULTP +3.55%60 Net Current Asset Value is £0.05 as of Jan. 2026, which is 100% below its 10-year median of 11.27. GuruFocus rates LSE:ULTP with a GF Score™ of 60/100 and a GF Value™ of £1.18 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 285 Furnishings, Fixtures & Appliances companies, Ultimate Products ranks worse than 76.49% 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).
Ultimate Products's net current asset value per share for the quarter that ended in Jan. 2026 was £0.05.
The historical rank and industry rank for Ultimate Products's Net Current Asset Value or its related term are showing as below:
LSE:ULTP'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.25 Med: 11.27 Max: 168
Current: 9.34
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ultimate Products was 168.00. The lowest was 6.25. And the median was 11.27.
LSE:ULTP's Price-to-Net-Current-Asset-Value is ranked worse than 76.49% of 285
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 3.56
vs LSE:ULTP: 9.34
Ultimate Products (LSE:ULTP) 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.
Ultimate Products Net Current Asset Value Related Terms
Ultimate Products Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Ultimate Products'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.
LSE:ULTP vs SN, SGI, MHK: Net Current Asset Value Comparison
For the Furnishings, Fixtures & Appliances subindustry, Ultimate Products'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.
Ultimate Products Price-to-Net-Current-Asset-Value vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ultimate Products's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ultimate Products'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 £0.05 mean?
Ultimate Products (LSE:ULTP) has a Net Current Asset Value of £0.05 as of Jan. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Ultimate Products and its competitors. This is 100% below median its historical median of 11.27. Over the past decade, Ultimate Products' Net Current Asset Value has ranged from 6.25 to 168.00. According to the industry distribution chart, Ultimate Products ranks #218 out of 285 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 76.5%.
Is Ultimate Products' Net Current Asset Value too high?
Ultimate Products' current Net Current Asset Value of £0.05 is 100% below median its 10-year median of 11.27. Over the past 10 years, this metric has ranged from a low of 6.25 to a high of 168.00. Based on the distribution chart, Ultimate Products ranks #218 out of 285 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Ultimate Products has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ultimate Products' Net Current Asset Value compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Ultimate Products ranks #218 out of 285 companies for Net Current Asset Value. This places Ultimate Products in the lower half of its industry. The industry median Net Current Asset Value is 3.56. Historically, Ultimate Products' own Net Current Asset Value has ranged from 6.25 to 168.00 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 Furnishings, Fixtures & Appliances company?
The median Net Current Asset Value among Furnishings, Fixtures & Appliances companies is 3.56, based on 285 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 Ultimate Products and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Net Current Asset Value is 3.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultimate Products's current Net Current Asset Value is £0.05, which is 100% below median its own 10-year median of 11.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultimate Products stock overvalued right now?
Based on GuruFocus' analysis, Ultimate Products (LSE:ULTP) is currently considered Significantly Undervalued. The stock's GF Value™ is £1.18, compared to a current price of £0.47 — trading 60.4% below its estimated fair value. The current Net Current Asset Value is £0.05, which is 100% below median its 10-year median of 11.27. Ultimate Products' overall GF Score™ is 60/100 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 Ultimate Products (LSE:ULTP), the current Net Current Asset Value is £0.05 as of Jan. 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 Ultimate Products (LSE:ULTP) Overvalued in 2026?
Based on GuruFocus' analysis, Ultimate Products stock appears to be undervalued.
The current stock price of £0.47 is trading 60.4% below its estimated GF Value™ of £1.18.
GuruFocus considers Ultimate Products to be Significantly Undervalued.
Key valuation signals for LSE:ULTP:
Net Current Asset Value: £0.05 (100% below median its 10-year median of 11.27)
GF Value™: £1.18 vs. price of £0.47 (60.4% below fair value)
No single metric tells the full story. See the LSE:ULTP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ultimate Products PLC designs, develops and distributes homeware products across its key brands, including the household names Salter and Beldray. Its other brands include Progress, Kleenez, Petra, Maxim, Russell Hobbs, and Intempo among others. The company sells products across different categories, such as small domestic appliances, housewares, laundry, audio, and heating and cooling. Its products are sold to a broad cross-section of both large national and international multi-channel retailers as well as smaller national retail chains, incorporating discount retailers, supermarkets, general retailers, and online retailers. Geographically, the company derives its key revenue from the United Kingdom and the rest from Germany, Rest of Europe and the Rest of the world.
60GF Score
Get the complete analysis for LSE:ULTP
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:ULTP has been successfully added to your 
