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Molina HealthcareMOH -3.15%82 Net Current Asset Value is $19.52 as of Mar. 2026, which is 60% above its 10-year median of 12.21. GuruFocus rates MOH with a GF Score™ of 82/100 and a GF Value™ of $405.44 (Significantly Undervalued). The stock has 9 warning signs investors should review. Among 9 Healthcare Plans companies, Molina Healthcare ranks worse than 55.56% 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).
Molina Healthcare's net current asset value per share for the quarter that ended in Mar. 2026 was $19.52.
The historical rank and industry rank for Molina Healthcare's Net Current Asset Value or its related term are showing as below:
MOH'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.59 Med: 12.21 Max: 38.05
Current: 11.98
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Molina Healthcare was 38.05. The lowest was 6.59. And the median was 12.21.
MOH's Price-to-Net-Current-Asset-Value is ranked worse than 55.56% of 9
companies
in the Healthcare Plans industry
Industry Median: 12.38
vs MOH: 11.98
Molina Healthcare (NYSE:MOH) 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.
Molina Healthcare Net Current Asset Value Related Terms
Molina Healthcare Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Molina Healthcare'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.
MOH vs OSCR, ALHC, CLOV: Net Current Asset Value Comparison
For the Healthcare Plans subindustry, Molina Healthcare'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.
Molina Healthcare Price-to-Net-Current-Asset-Value vs Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Molina Healthcare's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Molina Healthcare'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 $19.52 mean?
Molina Healthcare (MOH) has a Net Current Asset Value of $19.52 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 Molina Healthcare and its competitors. This is 60% above median its historical median of 12.21. Over the past decade, Molina Healthcare's Net Current Asset Value has ranged from 6.59 to 38.05. According to the industry distribution chart, Molina Healthcare ranks #5 out of 9 companies in the Healthcare Plans industry, placing it in the top 55.6%.
Is Molina Healthcare's Net Current Asset Value too high?
Molina Healthcare's current Net Current Asset Value of $19.52 is 60% above median its 10-year median of 12.21. Over the past 10 years, this metric has ranged from a low of 6.59 to a high of 38.05. The Healthcare Plans industry median Net Current Asset Value is 12.38. Molina Healthcare's value of $19.52 is 57.7% above this industry median. Based on the distribution chart, Molina Healthcare ranks #5 out of 9 companies in the Healthcare Plans industry, which is below the industry midpoint. Overall, Molina Healthcare has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Molina Healthcare's Net Current Asset Value compare to OSCR and ALHC?
According to the Healthcare Plans industry distribution chart, Molina Healthcare ranks #5 out of 9 companies for Net Current Asset Value. This places Molina Healthcare in the lower half of its industry. The industry median Net Current Asset Value is 12.38. Molina Healthcare's value of $19.52 is 57.7% above this benchmark. Historically, Molina Healthcare's own Net Current Asset Value has ranged from 6.59 to 38.05 over the past decade. While the company's 10-year median is 12.21 vs. the industry median of 12.38, Molina Healthcare has consistently been above 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 Healthcare Plans company?
The median Net Current Asset Value among Healthcare Plans companies is 12.38, based on 9 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. Molina Healthcare's current Net Current Asset Value of $19.52 is 57.7% above 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 Molina Healthcare and its competitors. For the Healthcare Plans industry, the median Net Current Asset Value is 12.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Molina Healthcare's current Net Current Asset Value is $19.52, which is 60% above median its own 10-year median of 12.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Molina Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Molina Healthcare (MOH) is currently considered Significantly Undervalued. The stock's GF Value™ is $405.44, compared to a current price of $233.95 — trading 42.3% below its estimated fair value. The current Net Current Asset Value is $19.52, which is 60% above median its 10-year median of 12.21 and 57.7% above the Healthcare Plans industry median of 12.38. Molina Healthcare's overall GF Score™ is 82/100 with 9 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 Molina Healthcare (MOH), the current Net Current Asset Value is $19.52 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 Molina Healthcare (MOH) Overvalued in 2026?
Based on GuruFocus' analysis, Molina Healthcare stock appears to be undervalued.
The current stock price of $233.95 is trading 42.3% below its estimated GF Value™ of $405.44.
GuruFocus considers Molina Healthcare to be Significantly Undervalued.
Key valuation signals for MOH:
Net Current Asset Value: $19.52 (60% above median its 10-year median of 12.21)
GF Value™: $405.44 vs. price of $233.95 (42.3% below fair value)
Industry Position: 57.7% above the Healthcare Plans median (#5 of 9)
No single metric tells the full story. See the MOH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Molina Healthcare Inc provides medical insurance plans through Medicaid, the individual exchanges, and Medicare. The company operates in four reportable segments consisting of: 1) Medicaid; 2) Medicare; 3) Marketplace; and 4) Other. It manages health benefit risks for more than 5 million people, with more than 85% of those members coming through contracts with state governments for their Medicaid programs. Medicaid contracts in four states-California, New York, Texas, and Washington-account for over half of its enrollees.
82GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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