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Miramar Hotel & Investment CoMMHTF 82 Net Current Asset Value is $1.09 as of Dec. 2025, which is 47% below its 10-year median of 2.07. GuruFocus rates MMHTF with a GF Score™ of 82/100 and a GF Value™ of $1.37. The stock has 4 warning signs investors should review. Among 314 Travel & Leisure companies, Miramar Hotel & Investment Co ranks better than 89.49% 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).
Miramar Hotel & Investment Co's net current asset value per share for the quarter that ended in Dec. 2025 was $1.09.
The historical rank and industry rank for Miramar Hotel & Investment Co's Net Current Asset Value or its related term are showing as below:
MMHTF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.19 Med: 2.07 Max: 8.05
Current: 1.19
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Miramar Hotel & Investment Co was 8.05. The lowest was 1.19. And the median was 2.07.
MMHTF's Price-to-Net-Current-Asset-Value is ranked better than 89.49% of 314
companies
in the Travel & Leisure industry
Industry Median: 4.16
vs MMHTF: 1.19
Miramar Hotel & Investment Co (OTCPK:MMHTF) 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.
Miramar Hotel & Investment Co Net Current Asset Value Related Terms
Miramar Hotel & Investment Co 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.
Miramar Hotel & Investment Co Net Current Asset Value Chart
MMHTF vs BKNG, ABNB, RCL: Net Current Asset Value Comparison
For the Travel Services subindustry, Miramar Hotel & Investment 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.
Miramar Hotel & Investment Co Price-to-Net-Current-Asset-Value vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Miramar Hotel & Investment Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Miramar Hotel & Investment 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 $1.09 mean?
Miramar Hotel & Investment Co (MMHTF) has a Net Current Asset Value of $1.09 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Miramar Hotel & Investment Co and its competitors. This is 47% below median its historical median of 2.07. Over the past decade, Miramar Hotel & Investment Co's Net Current Asset Value has ranged from 1.19 to 8.05. According to the industry distribution chart, Miramar Hotel & Investment Co ranks #33 out of 314 companies in the Travel & Leisure industry, placing it in the top 10.5%.
Is Miramar Hotel & Investment Co's Net Current Asset Value too high?
Miramar Hotel & Investment Co's current Net Current Asset Value of $1.09 is 47% below median its 10-year median of 2.07. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 8.05. The Travel & Leisure industry median Net Current Asset Value is 4.16. Miramar Hotel & Investment Co's value of $1.09 is 73.8% below this industry median. Based on the distribution chart, Miramar Hotel & Investment Co ranks #33 out of 314 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Miramar Hotel & Investment Co has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Miramar Hotel & Investment Co's Net Current Asset Value compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Miramar Hotel & Investment Co ranks #33 out of 314 companies for Net Current Asset Value. This places Miramar Hotel & Investment Co in the top 11% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 4.16. Miramar Hotel & Investment Co's value of $1.09 is 73.8% below this benchmark. Historically, Miramar Hotel & Investment Co's own Net Current Asset Value has ranged from 1.19 to 8.05 over the past decade. While the company's 10-year median is 2.07 vs. the industry median of 4.16, Miramar Hotel & Investment 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 a Travel & Leisure company?
The median Net Current Asset Value among Travel & Leisure companies is 4.16, based on 314 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. Miramar Hotel & Investment Co's current Net Current Asset Value of $1.09 is 73.8% 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 Miramar Hotel & Investment Co and its competitors. For the Travel & Leisure industry, the median Net Current Asset Value is 4.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miramar Hotel & Investment Co's current Net Current Asset Value is $1.09, which is 47% below median its own 10-year median of 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miramar Hotel & Investment Co stock overvalued right now?
Miramar Hotel & Investment Co (MMHTF) has a current Net Current Asset Value of $1.09. The stock's GF Value™ is $1.37, compared to a current price of $1.27 — trading 7.3% below its estimated fair value. The current Net Current Asset Value is $1.09, which is 47% below median its 10-year median of 2.07 and 73.8% below the Travel & Leisure industry median of 4.16. Miramar Hotel & Investment Co's overall GF Score™ is 82/100 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 Miramar Hotel & Investment Co (MMHTF), the current Net Current Asset Value is $1.09 as of Dec. 2025. 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 Miramar Hotel & Investment Co (MMHTF) Overvalued in 2026?
Based on GuruFocus' analysis, Miramar Hotel & Investment Co stock appears to be undervalued.
The current stock price of $1.27 is trading 7.3% below its estimated GF Value™ of $1.37.
Key valuation signals for MMHTF:
Net Current Asset Value: $1.09 (47% below median its 10-year median of 2.07)
GF Value™: $1.37 vs. price of $1.27 (7.3% below fair value)
Industry Position: 73.8% below the Travel & Leisure median (#33 of 314)
No single metric tells the full story. See the MMHTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Miramar Hotel & Investment Co Ltd is an investment holding company. Along with its subsidiaries it operates in five reportbale segments: Property rental, which includes leasing of office and retail premises to generate rental income and to gain from the appreciation in properties values in the long term; Hotels & serviced apartments segment operates hotels and serviced apartments and provides hotel management services; Food & beverage operation segment operates restaurants; Travel operation segment is engaged in providing travel agency services; and Others. Maximum revenue for the group is generated from the Travel operation segment. Geographically, it generates maximum revenue from the Hong Kong Special Administrative Region, followed by the People's Republic of China, and United Kingdom.
82GF Score
Get the complete analysis for MMHTF
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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