PulteGroupPHM +0.81%93 Net Current Asset Value is $54.58 as of Mar. 2026, which is 2450% above its 10-year median of 2.14. GuruFocus rates PHM with a GF Score™ of 93/100 and a GF Value™ of $118.12 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 71 Homebuilding & Construction companies, PulteGroup ranks worse than 67.61% 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).
PulteGroup's net current asset value per share for the quarter that ended in Mar. 2026 was $54.58.
The historical rank and industry rank for PulteGroup's Net Current Asset Value or its related term are showing as below:
PHM'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.25 Med: 2.14 Max: 3.35
Current: 2.45
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of PulteGroup was 3.35. The lowest was 1.25. And the median was 2.14.
PHM's Price-to-Net-Current-Asset-Value is ranked worse than 67.61% of 71
companies
in the Homebuilding & Construction industry
Industry Median: 1.54
vs PHM: 2.45
PulteGroup (NYSE:PHM) 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.
PulteGroup Net Current Asset Value Related Terms
PulteGroup Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for PulteGroup'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.
PHM vs LEN, NVR, TOL: Net Current Asset Value Comparison
For the Residential Construction subindustry, PulteGroup'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.
PulteGroup Price-to-Net-Current-Asset-Value vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, PulteGroup's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where PulteGroup'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 $54.58 mean?
PulteGroup (PHM) has a Net Current Asset Value of $54.58 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 PulteGroup and its competitors. This is 2450% above median its historical median of 2.14. Over the past decade, PulteGroup's Net Current Asset Value has ranged from 1.25 to 3.35. According to the industry distribution chart, PulteGroup ranks #48 out of 71 companies in the Homebuilding & Construction industry, placing it in the top 67.6%.
Is PulteGroup's Net Current Asset Value too high?
PulteGroup's current Net Current Asset Value of $54.58 is 2450% above median its 10-year median of 2.14. Over the past 10 years, this metric has ranged from a low of 1.25 to a high of 3.35. The Homebuilding & Construction industry median Net Current Asset Value is 1.54. PulteGroup's value of $54.58 is 3444.2% above this industry median. Based on the distribution chart, PulteGroup ranks #48 out of 71 companies in the Homebuilding & Construction industry, which is below the industry midpoint. Overall, PulteGroup has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PulteGroup's Net Current Asset Value compare to LEN and NVR?
According to the Homebuilding & Construction industry distribution chart, PulteGroup ranks #48 out of 71 companies for Net Current Asset Value. This places PulteGroup in the lower half of its industry. The industry median Net Current Asset Value is 1.54. PulteGroup's value of $54.58 is 3444.2% above this benchmark. Historically, PulteGroup's own Net Current Asset Value has ranged from 1.25 to 3.35 over the past decade. While the company's 10-year median is 2.14 vs. the industry median of 1.54, PulteGroup 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 Homebuilding & Construction company?
The median Net Current Asset Value among Homebuilding & Construction companies is 1.54, based on 71 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. PulteGroup's current Net Current Asset Value of $54.58 is 3444.2% 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 PulteGroup and its competitors. For the Homebuilding & Construction industry, the median Net Current Asset Value is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PulteGroup's current Net Current Asset Value is $54.58, which is 2450% above median its own 10-year median of 2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PulteGroup stock overvalued right now?
Based on GuruFocus' analysis, PulteGroup (PHM) is currently considered Modestly Overvalued. The stock's GF Value™ is $118.12, compared to a current price of $133.67 — trading 13.2% above its estimated fair value. The current Net Current Asset Value is $54.58, which is 2450% above median its 10-year median of 2.14 and 3444.2% above the Homebuilding & Construction industry median of 1.54. PulteGroup's overall GF Score™ is 93/100 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 PulteGroup (PHM), the current Net Current Asset Value is $54.58 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 PulteGroup (PHM) Overvalued in 2026?
Based on GuruFocus' analysis, PulteGroup stock appears to be overvalued.
The current stock price of $133.67 is trading 13.2% above its estimated GF Value™ of $118.12.
GuruFocus considers PulteGroup to be Modestly Overvalued.
Key valuation signals for PHM:
Net Current Asset Value: $54.58 (2450% above median its 10-year median of 2.14)
GF Value™: $118.12 vs. price of $133.67 (13.2% above fair value)
Industry Position: 3444.2% above the Homebuilding & Construction median (#48 of 71)
No single metric tells the full story. See the PHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PulteGroup Inc is a homebuilder in the United States. The company mainly builds single-family detached homes and offers products to entry-level, move-up, and active-adult buyers. It also offers homebuyers mortgage financing, title, and insurance agency services through its financial services segment.
93GF 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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