NLI HoldingsNL +5.72%60 Net Current Asset Value is $1.11 as of Mar. 2026, which is 84% below its 10-year median of 6.73. GuruFocus rates NL with a GF Score™ of 60/100 and a GF Value™ of $6.39 (Fairly Valued). The stock has 2 warning signs investors should review. Among 624 Business Services companies, NLI Holdings ranks worse than 62.82% 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).
NLI Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was $1.11.
The historical rank and industry rank for NLI Holdings's Net Current Asset Value or its related term are showing as below:
NL'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.93 Med: 6.73 Max: 24.39
Current: 5.66
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of NLI Holdings was 24.39. The lowest was 4.93. And the median was 6.73.
NL's Price-to-Net-Current-Asset-Value is ranked worse than 62.82% of 624
companies
in the Business Services industry
Industry Median: 3.72
vs NL: 5.66
NLI Holdings (NYSE:NL) 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.
NLI Holdings Net Current Asset Value Related Terms
NLI Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for NLI Holdings'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.
NL vs CIX, BAER, YOOV: Net Current Asset Value Comparison
For the Security & Protection Services subindustry, NLI Holdings'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.
NLI Holdings Price-to-Net-Current-Asset-Value vs Business Services Industry
For the Business Services industry and Industrials sector, NLI Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where NLI Holdings'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 $1.11 mean?
NLI Holdings (NL) has a Net Current Asset Value of $1.11 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 NLI Holdings and its competitors. This is 84% below median its historical median of 6.73. Over the past decade, NLI Holdings' Net Current Asset Value has ranged from 4.93 to 24.39. According to the industry distribution chart, NLI Holdings ranks #392 out of 624 companies in the Business Services industry, placing it in the top 62.8%.
Is NLI Holdings' Net Current Asset Value too high?
NLI Holdings' current Net Current Asset Value of $1.11 is 84% below median its 10-year median of 6.73. Over the past 10 years, this metric has ranged from a low of 4.93 to a high of 24.39. The Business Services industry median Net Current Asset Value is 3.72. NLI Holdings' value of $1.11 is 70.2% below this industry median. Based on the distribution chart, NLI Holdings ranks #392 out of 624 companies in the Business Services industry, which is below the industry midpoint. Overall, NLI Holdings has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NLI Holdings' Net Current Asset Value compare to CIX and BAER?
According to the Business Services industry distribution chart, NLI Holdings ranks #392 out of 624 companies for Net Current Asset Value. This places NLI Holdings in the lower half of its industry. The industry median Net Current Asset Value is 3.72. NLI Holdings' value of $1.11 is 70.2% below this benchmark. Historically, NLI Holdings' own Net Current Asset Value has ranged from 4.93 to 24.39 over the past decade. While the company's 10-year median is 6.73 vs. the industry median of 3.72, NLI Holdings 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 Business Services company?
The median Net Current Asset Value among Business Services companies is 3.72, based on 624 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. NLI Holdings's current Net Current Asset Value of $1.11 is 70.2% 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 NLI Holdings and its competitors. For the Business Services industry, the median Net Current Asset Value is 3.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NLI Holdings's current Net Current Asset Value is $1.11, which is 84% below median its own 10-year median of 6.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NLI Holdings stock overvalued right now?
Based on GuruFocus' analysis, NLI Holdings (NL) is currently considered Fairly Valued. The stock's GF Value™ is $6.39, compared to a current price of $6.28 — trading 1.7% below its estimated fair value. The current Net Current Asset Value is $1.11, which is 84% below median its 10-year median of 6.73 and 70.2% below the Business Services industry median of 3.72. NLI Holdings' overall GF Score™ is 60/100 with 2 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 NLI Holdings (NL), the current Net Current Asset Value is $1.11 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 NLI Holdings (NL) Overvalued in 2026?
Based on GuruFocus' analysis, NLI Holdings stock appears to be undervalued.
The current stock price of $6.28 is trading 1.7% below its estimated GF Value™ of $6.39.
GuruFocus considers NLI Holdings to be Fairly Valued.
Key valuation signals for NL:
Net Current Asset Value: $1.11 (84% below median its 10-year median of 6.73)
GF Value™: $6.39 vs. price of $6.28 (1.7% below fair value)
Industry Position: 70.2% below the Business Services median (#392 of 624)
No single metric tells the full story. See the NL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NLI Holdings Inc, formerly known as NL Industries Inc, is a holding company that operates in the component products industry. Through its subsidiary, it manufactures engineered components that are sold to a range of industries, including recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare, gas stations and vending equipment. It also produces a precision ball bearing slide, security products, and ergonomic computer support systems. The company derives majority of its revenue from Europe.
60GF 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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