Mitsubishi Heavy IndustriesMHVIY +1.10%59 Net Current Asset Value is $0.24 as of Mar. 2026, which is 100% below its 10-year median of 54.73. GuruFocus rates MHVIY with a GF Scoreâ„¢ of 59/100 and a GF Valueâ„¢ of $7.44 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,214 Industrial Products companies, Mitsubishi Heavy Industries ranks worse than 94.67% 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).
Mitsubishi Heavy Industries's net current asset value per share for the quarter that ended in Mar. 2026 was $0.24.
The historical rank and industry rank for Mitsubishi Heavy Industries's Net Current Asset Value or its related term are showing as below:
MHVIY'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 49.48 Med: 54.73 Max: 54.73
Current: 49.83
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Mitsubishi Heavy Industries was 54.73. The lowest was 49.48. And the median was 54.73.
MHVIY's Price-to-Net-Current-Asset-Value is ranked worse than 94.67% of 2214
companies
in the Industrial Products industry
Industry Median: 5.3
vs MHVIY: 49.83
Mitsubishi Heavy Industries (OTCPK:MHVIY) 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 GrahamÂ’s 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.
Mitsubishi Heavy Industries Net Current Asset Value Related Terms
Mitsubishi Heavy Industries Net Current Asset Value Historical Data
* 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.
Mitsubishi Heavy Industries Net Current Asset Value Chart
MHVIY vs GEV, ETN, PH: Net Current Asset Value Comparison
For the Specialty Industrial Machinery subindustry, Mitsubishi Heavy Industries'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.
Mitsubishi Heavy Industries Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mitsubishi Heavy Industries's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Mitsubishi Heavy Industries'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 $0.24 mean?
Mitsubishi Heavy Industries (MHVIY) has a Net Current Asset Value of $0.24 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 Mitsubishi Heavy Industries and its competitors. This is 100% below median its historical median of 54.73. Over the past decade, Mitsubishi Heavy Industries' Net Current Asset Value has ranged from 49.48 to 54.73. According to the industry distribution chart, Mitsubishi Heavy Industries ranks #2096 out of 2214 companies in the Industrial Products industry, placing it in the top 94.7%.
Is Mitsubishi Heavy Industries' Net Current Asset Value too high?
Mitsubishi Heavy Industries' current Net Current Asset Value of $0.24 is 100% below median its 10-year median of 54.73. Over the past 10 years, this metric has ranged from a low of 49.48 to a high of 54.73. The Industrial Products industry median Net Current Asset Value is 5.30. Mitsubishi Heavy Industries' value of $0.24 is 95.5% below this industry median. Based on the distribution chart, Mitsubishi Heavy Industries ranks #2096 out of 2214 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Mitsubishi Heavy Industries has a GF Scoreâ„¢ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Heavy Industries' Net Current Asset Value compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Mitsubishi Heavy Industries ranks #2096 out of 2214 companies for Net Current Asset Value. This places Mitsubishi Heavy Industries in the lower half of its industry. The industry median Net Current Asset Value is 5.30. Mitsubishi Heavy Industries' value of $0.24 is 95.5% below this benchmark. Historically, Mitsubishi Heavy Industries' own Net Current Asset Value has ranged from 49.48 to 54.73 over the past decade. While the company's 10-year median is 54.73 vs. the industry median of 5.30, Mitsubishi Heavy Industries 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 5.30, based on 2,214 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. Mitsubishi Heavy Industries's current Net Current Asset Value of $0.24 is 95.5% 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 Mitsubishi Heavy Industries and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsubishi Heavy Industries's current Net Current Asset Value is $0.24, which is 100% below median its own 10-year median of 54.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Heavy Industries stock overvalued right now?
Based on GuruFocus' analysis, Mitsubishi Heavy Industries (MHVIY) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.44, compared to a current price of $11.96 — trading 60.8% above its estimated fair value. The current Net Current Asset Value is $0.24, which is 100% below median its 10-year median of 54.73 and 95.5% below the Industrial Products industry median of 5.30. Mitsubishi Heavy Industries' overall GF Score™ is 59/100 with 4 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 Mitsubishi Heavy Industries (MHVIY), the current Net Current Asset Value is $0.24 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 Mitsubishi Heavy Industries (MHVIY) Overvalued in 2026?
Based on GuruFocus' analysis, Mitsubishi Heavy Industries stock appears to be overvalued.
The current stock price of $11.96 is trading 60.8% above its estimated GF Value™ of $7.44.
GuruFocus considers Mitsubishi Heavy Industries to be Significantly Overvalued.
Key valuation signals for MHVIY:
Net Current Asset Value: $0.24 (100% below median its 10-year median of 54.73)
GF Value™: $7.44 vs. price of $11.96 (60.8% above fair value)
Industry Position: 95.5% below the Industrial Products median (#2096 of 2214)
No single metric tells the full story. See the MHVIY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mitsubishi Heavy Industries is a diversified industrial and engineering group that was founded in 1884 and reorganized in 1950. It operates across four segments: energy systems; plants and infrastructure; logistics, thermal and drive systems; and aircraft, defense and space. MHI is a global leader in large gas turbines and energy services, and a key domestic supplier of aerospace and defense systems. Its end markets include energy infrastructure, industrial equipment, transport, and defense, with a growing focus on decarbonization technologies such as hydrogen- and ammonia-capable turbines. The company employs about 77,000 people globally.
59GF Score
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