HAV Group ASAOSL:HAV +2.21%65 Net Current Asset Value is kr0.16 as of Mar. 2026, which is 100% below its 10-year median of 12.01. GuruFocus rates OSL:HAV with a GF Score™ of 65/100 and a GF Value™ of kr12.49 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 359 Transportation companies, HAV Group ASA ranks worse than 96.1% 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).
HAV Group ASA's net current asset value per share for the quarter that ended in Mar. 2026 was kr0.16.
The historical rank and industry rank for HAV Group ASA's Net Current Asset Value or its related term are showing as below:
OSL:HAV'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 6.59 Med: 12.01 Max: 188
Current: 86.88
During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of HAV Group ASA was 188.00. The lowest was 6.59. And the median was 12.01.
OSL:HAV's Price-to-Net-Current-Asset-Value is ranked worse than 96.1% of 359
companies
in the Transportation industry
Industry Median: 3.96
vs OSL:HAV: 86.88
HAV Group ASA (OSL:HAV) 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.
HAV Group ASA Net Current Asset Value Related Terms
HAV Group ASA Net Current Asset Value Historical Data
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The historical data trend for HAV Group ASA'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.
HAV Group ASA Net Current Asset Value Competitor Comparison
For the Marine Shipping subindustry, HAV Group ASA'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.
HAV Group ASA Price-to-Net-Current-Asset-Value vs Transportation Industry
For the Transportation industry and Industrials sector, HAV Group ASA's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where HAV Group ASA'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 kr0.16 mean?
HAV Group ASA (OSL:HAV) has a Net Current Asset Value of kr0.16 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 HAV Group ASA and its competitors. This is 99% below median its historical median of 12.01. Over the past decade, HAV Group ASA's Net Current Asset Value has ranged from 6.59 to 188.00. According to the industry distribution chart, HAV Group ASA ranks #345 out of 359 companies in the Transportation industry, placing it in the top 96.1%.
Is HAV Group ASA's Net Current Asset Value too high?
HAV Group ASA's current Net Current Asset Value of kr0.16 is 99% below median its 10-year median of 12.01. Over the past 10 years, this metric has ranged from a low of 6.59 to a high of 188.00. Based on the distribution chart, HAV Group ASA ranks #345 out of 359 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, HAV Group ASA has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HAV Group ASA's Net Current Asset Value compare to competitors?
According to the Transportation industry distribution chart, HAV Group ASA ranks #345 out of 359 companies for Net Current Asset Value. This places HAV Group ASA in the lower half of its industry. The industry median Net Current Asset Value is 3.96. Historically, HAV Group ASA's own Net Current Asset Value has ranged from 6.59 to 188.00 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 3.96, based on 359 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 HAV Group ASA and its competitors. For the Transportation industry, the median Net Current Asset Value is 3.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HAV Group ASA's current Net Current Asset Value is kr0.16, which is 99% below median its own 10-year median of 12.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAV Group ASA stock overvalued right now?
Based on GuruFocus' analysis, HAV Group ASA (OSL:HAV) is currently considered Modestly Overvalued. The stock's GF Value™ is kr12.49, compared to a current price of kr13.90 — trading 11.3% above its estimated fair value. The current Net Current Asset Value is kr0.16, which is 99% below median its 10-year median of 12.01. HAV Group ASA's overall GF Score™ is 65/100 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 HAV Group ASA (OSL:HAV), the current Net Current Asset Value is kr0.16 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 HAV Group ASA (OSL:HAV) Overvalued in 2026?
Based on GuruFocus' analysis, HAV Group ASA stock appears to be overvalued.
The current stock price of kr13.90 is trading 11.3% above its estimated GF Value™ of kr12.49.
GuruFocus considers HAV Group ASA to be Modestly Overvalued.
Key valuation signals for OSL:HAV:
Net Current Asset Value: kr0.16 (99% below median its 10-year median of 12.01)
GF Value™: kr12.49 vs. price of kr13.90 (11.3% above fair value)
No single metric tells the full story. See the OSL:HAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HAV Group ASA is a provider of solutions and technology to the marine and maritime industries. The group's vision is to contribute to the green shift through solutions and high-end products for the ocean industries. The Group's main activities are: HAV Design, i.e., providing ship design and system packages for offshore, transport, and fishing vessels; Norwegian Electric Systems, i.e., specializing in design, engineering, and installation of electric systems and delivery of control and automation systems for ships; Norwegian Greentech, i.e., specializing in the delivery of ballast water treatment systems. HAV Hydrogen, i.e., delivers complete and scalable hydrogen systems that are designed for operation in heavy seas. Other/Elimination includes intercompany and the mother company.
65GF Score
Get the complete analysis for OSL:HAV
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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