POSCO HoldingsPKX +4.50%75 Net Current Asset Value is $-14.92 as of Mar. 2026. GuruFocus rates PKX with a GF Score™ of 75/100 and a GF Value™ of $60.05 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 368 Steel companies, POSCO Holdings ranks worse than 271738.86% 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).
POSCO Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was $-14.92.
The historical rank and industry rank for POSCO Holdings's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of POSCO Holdings was 117.69. The lowest was 3.77. And the median was 12.61.
PKX's Price-to-Net-Current-Asset-Value is not ranked *
in the Steel industry.
Industry Median: 2.985 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
POSCO Holdings (NYSE:PKX) 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.
POSCO Holdings Net Current Asset Value Related Terms
POSCO Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for POSCO 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.
PKX vs NUE, STLD, RS: Net Current Asset Value Comparison
For the Steel subindustry, POSCO 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.
POSCO Holdings Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, POSCO Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where POSCO 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 $-14.92 mean?
POSCO Holdings (PKX) has a Net Current Asset Value of $-14.92 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 POSCO Holdings and its competitors. Over the past decade, POSCO Holdings' Net Current Asset Value has ranged from 3.77 to 117.69. According to the industry distribution chart, POSCO Holdings ranks #999999 out of 368 companies in the Steel industry.
Is POSCO Holdings' Net Current Asset Value too high?
POSCO Holdings' current Net Current Asset Value is $-14.92. Over the past 10 years, this metric has ranged from a low of 3.77 to a high of 117.69. Based on the distribution chart, POSCO Holdings ranks #999999 out of 368 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, POSCO Holdings has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does POSCO Holdings' Net Current Asset Value compare to NUE and STLD?
According to the Steel industry distribution chart, POSCO Holdings ranks #999999 out of 368 companies for Net Current Asset Value. This places POSCO Holdings in the lower half of its industry. The industry median Net Current Asset Value is 2.99. Historically, POSCO Holdings' own Net Current Asset Value has ranged from 3.77 to 117.69 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 Steel company?
The median Net Current Asset Value among Steel companies is 2.99, based on 368 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 POSCO Holdings and its competitors. For the Steel industry, the median Net Current Asset Value is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. POSCO Holdings's current Net Current Asset Value is $-14.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is POSCO Holdings stock overvalued right now?
Based on GuruFocus' analysis, POSCO Holdings (PKX) is currently considered Modestly Undervalued. The stock's GF Value™ is $60.05, compared to a current price of $52.28 — trading 12.9% below its estimated fair value. The current Net Current Asset Value is $-14.92. POSCO Holdings' overall GF Score™ is 75/100 with 6 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 POSCO Holdings (PKX), the current Net Current Asset Value is $-14.92 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 POSCO Holdings (PKX) Overvalued in 2026?
Based on GuruFocus' analysis, POSCO Holdings stock appears to be undervalued.
The current stock price of $52.28 is trading 12.9% below its estimated GF Value™ of $60.05.
GuruFocus considers POSCO Holdings to be Modestly Undervalued.
Key valuation signals for PKX:
Net Current Asset Value: $-14.92
GF Value™: $60.05 vs. price of $52.28 (12.9% below fair value)
No single metric tells the full story. See the PKX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
POSCO Holdings Inc is a holding company operating through its subsidiaries. Its business is divided into segments, with the Steel segment generating the majority of revenue from the manufacture and sale of steel products. The Infrastructure segment includes trading, construction, and logistics and system integration activities. The Rechargeable Battery Materials segment focuses on EV battery materials such as lithium, nickel, and cathode and anode materials. The Others segment includes the controlling company and investment business. Geographically, the Group generates majority of its revenue from Asia (excluding China and Japan).
75GF Score
Get the complete analysis for PKX
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PKX has been successfully added to your 
