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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).
Napier Port Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was NZ$-0.74.
The historical rank and industry rank for Napier Port Holdings's Net Current Asset Value or its related term are showing as below:
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of Napier Port Holdings was 61.40. The lowest was 61.40. And the median was 61.40.
NZSE:NPH's Price-to-Net-Current-Asset-Value is not ranked *
in the Transportation industry.
Industry Median: 4.055 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Napier Port Holdings (NZSE:NPH) 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.
Napier Port Holdings Net Current Asset Value Related Terms
Napier Port Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Napier Port 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.
Napier Port Holdings Net Current Asset Value Chart
NZSE:NPH vs KEX: Net Current Asset Value Comparison
For the Marine Shipping subindustry, Napier Port 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.
Napier Port Holdings Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, Napier Port Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Napier Port 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 NZ$-0.74 mean?
Napier Port Holdings (NZSE:NPH) has a Net Current Asset Value of NZ$-0.74 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Napier Port Holdings and its competitors. Over the past decade, Napier Port Holdings' Net Current Asset Value has ranged from 61.40 to 61.40. According to the industry distribution chart, Napier Port Holdings ranks #999999 out of 360 companies in the Transportation industry.
Is Napier Port Holdings' Net Current Asset Value too high?
Napier Port Holdings' current Net Current Asset Value is NZ$-0.74. Over the past 10 years, this metric has ranged from a low of 61.40 to a high of 61.40. Based on the distribution chart, Napier Port Holdings ranks #999999 out of 360 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Napier Port Holdings has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Napier Port Holdings' Net Current Asset Value compare to KEX?
According to the Transportation industry distribution chart, Napier Port Holdings ranks #999999 out of 360 companies for Net Current Asset Value. This places Napier Port Holdings in the lower half of its industry. The industry median Net Current Asset Value is 4.06. Historically, Napier Port Holdings' own Net Current Asset Value has ranged from 61.40 to 61.40 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 Transportation company?
The median Net Current Asset Value among Transportation companies is 4.06, based on 360 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 Napier Port Holdings and its competitors. For the Transportation industry, the median Net Current Asset Value is 4.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Napier Port Holdings's current Net Current Asset Value is NZ$-0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Napier Port Holdings stock overvalued right now?
Based on GuruFocus' analysis, Napier Port Holdings (NZSE:NPH) is currently considered Modestly Overvalued. The stock's GF Value™ is NZ$3.33, compared to a current price of NZ$3.72 — trading 11.7% above its estimated fair value. The current Net Current Asset Value is NZ$-0.74. Napier Port Holdings' overall GF Score™ is 92/100 with 5 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 Napier Port Holdings (NZSE:NPH), the current Net Current Asset Value is NZ$-0.74 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 Napier Port Holdings (NZSE:NPH) Overvalued in 2026?
Based on GuruFocus' analysis, Napier Port Holdings stock appears to be overvalued.
The current stock price of NZ$3.72 is trading 11.7% above its estimated GF Value™ of NZ$3.33.
GuruFocus considers Napier Port Holdings to be Modestly Overvalued.
Key valuation signals for NZSE:NPH:
Net Current Asset Value: NZ$-0.74
GF Value™: NZ$3.33 vs. price of NZ$3.72 (11.7% above fair value)
No single metric tells the full story. See the NZSE:NPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Napier Port Holdings Ltd is engaged in providing port and logistics services. The Group operates in one reportable segment bein Port Services. This consists of providing and managing port services and cargo handling infrastructure through Napier Port. Within the Port Services reportable segment the following operating segments have been identified: marine services, general cargo services, container services, port pack services and depot services. Geographically, it derives a majority of its revenue from New Zealand, with maximum revenue from Container Services.
92GF Score
Get the complete analysis for NZSE:NPH
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