Hyperliquid StrategiesPURR -7.30%13 Net Current Asset Value is $0.41 as of Mar. 2026, which is 94% below its 10-year median of 7.06. GuruFocus rates PURR with a GF Score™ of 13/100. Among 505 Capital Markets companies, Hyperliquid Strategies ranks worse than 89.9% 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).
Hyperliquid Strategies's net current asset value per share for the quarter that ended in Mar. 2026 was $0.41.
The historical rank and industry rank for Hyperliquid Strategies's Net Current Asset Value or its related term are showing as below:
PURR'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.7 Med: 7.06 Max: 20.71
Current: 19.2
During the past 0 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hyperliquid Strategies was 20.71. The lowest was 1.70. And the median was 7.06.
PURR's Price-to-Net-Current-Asset-Value is ranked worse than 89.9% of 505
companies
in the Capital Markets industry
Industry Median: 2.77
vs PURR: 19.20
Hyperliquid Strategies (NAS:PURR) 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.
Hyperliquid Strategies Net Current Asset Value Related Terms
Hyperliquid Strategies Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Hyperliquid Strategies'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.
Hyperliquid Strategies Net Current Asset Value Chart
Hyperliquid Strategies Annual Data
Trend
Net Current Asset Value
Hyperliquid Strategies Quarterly Data
Jun25
Sep25
Dec25
Mar26
Net Current Asset Value
0.00
-0.01
2.10
0.41
PURR vs GOLD, PWP, OPY: Net Current Asset Value Comparison
For the Capital Markets subindustry, Hyperliquid Strategies'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.
Hyperliquid Strategies Price-to-Net-Current-Asset-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Hyperliquid Strategies's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hyperliquid Strategies'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 $0.41 mean?
Hyperliquid Strategies (PURR) has a Net Current Asset Value of $0.41 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 Hyperliquid Strategies and its competitors. This is 94% below median its historical median of 7.06. Over the past decade, Hyperliquid Strategies' Net Current Asset Value has ranged from 1.70 to 20.71. According to the industry distribution chart, Hyperliquid Strategies ranks #454 out of 505 companies in the Capital Markets industry, placing it in the top 89.9%.
Is Hyperliquid Strategies' Net Current Asset Value too high?
Hyperliquid Strategies' current Net Current Asset Value of $0.41 is 94% below median its 10-year median of 7.06. Over the past 10 years, this metric has ranged from a low of 1.70 to a high of 20.71. The Capital Markets industry median Net Current Asset Value is 2.77. Hyperliquid Strategies' value of $0.41 is 85.2% below this industry median. Based on the distribution chart, Hyperliquid Strategies ranks #454 out of 505 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Hyperliquid Strategies has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Hyperliquid Strategies' Net Current Asset Value compare to GOLD and PWP?
According to the Capital Markets industry distribution chart, Hyperliquid Strategies ranks #454 out of 505 companies for Net Current Asset Value. This places Hyperliquid Strategies in the lower half of its industry. The industry median Net Current Asset Value is 2.77. Hyperliquid Strategies' value of $0.41 is 85.2% below this benchmark. Historically, Hyperliquid Strategies' own Net Current Asset Value has ranged from 1.70 to 20.71 over the past decade. While the company's 10-year median is 7.06 vs. the industry median of 2.77, Hyperliquid Strategies 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 Capital Markets company?
The median Net Current Asset Value among Capital Markets companies is 2.77, based on 505 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. Hyperliquid Strategies's current Net Current Asset Value of $0.41 is 85.2% 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 Hyperliquid Strategies and its competitors. For the Capital Markets industry, the median Net Current Asset Value is 2.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hyperliquid Strategies's current Net Current Asset Value is $0.41, which is 94% below median its own 10-year median of 7.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hyperliquid Strategies stock overvalued right now?
Hyperliquid Strategies (PURR) has a current Net Current Asset Value of $0.41. The current Net Current Asset Value is $0.41, which is 94% below median its 10-year median of 7.06 and 85.2% below the Capital Markets industry median of 2.77. Hyperliquid Strategies' overall GF Score™ is 13/100. 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 Hyperliquid Strategies (PURR), the current Net Current Asset Value is $0.41 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.
Address477 Madison Avenue, 22nd Floor, New York, NY, USA, 10022
Hyperliquid Strategies Inc is a digital asset treasury company whose primary focus is to maximize shareholder value through accumulating HYPE, the native token of Hyperliquid, a high-performance blockchain custom-built to house all of finance. HSI aims to provide capital-efficient and productive access to the HYPE token for U.S. and institutional investors, generating compounding shareholder returns that individual holders may not be able to replicate through staking, yield optimization, and active ecosystem engagement. HSI is positioned to become the largest HYPE-focused digital asset treasury vehicle capitalizing on Hyperliquid's rapid growth and providing exposure to one of the largest and fastest growing revenue pools in digital assets.
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