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Turning Point BrandsTPB -1.72%88 Net Current Asset Value is $3.74 as of Jun. 2026, which is 97% below its 10-year median of 142.28. GuruFocus rates TPB with a GF Score™ of 88/100 and a GF Value™ of $87.20 (Fairly Valued). Among 29 Tobacco Products companies, Turning Point Brands ranks worse than 89.66% 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).
Turning Point Brands's net current asset value per share for the quarter that ended in Jun. 2026 was $3.74.
The historical rank and industry rank for Turning Point Brands's Net Current Asset Value or its related term are showing as below:
TPB'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 22.68 Med: 142.28 Max: 271
Current: 23.19
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Turning Point Brands was 271.00. The lowest was 22.68. And the median was 142.28.
TPB's Price-to-Net-Current-Asset-Value is ranked worse than 89.66% of 29
companies
in the Tobacco Products industry
Industry Median: 7.71
vs TPB: 23.19
Turning Point Brands (NYSE:TPB) 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.
Turning Point Brands Net Current Asset Value Related Terms
Turning Point Brands Net Current Asset Value Historical Data
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The historical data trend for Turning Point Brands'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.
Turning Point Brands Net Current Asset Value Chart
TPB vs UVV, AIIR, ISPR: Net Current Asset Value Comparison
For the Tobacco subindustry, Turning Point Brands'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.
Turning Point Brands Price-to-Net-Current-Asset-Value vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Turning Point Brands's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Turning Point Brands'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 $3.74 mean?
Turning Point Brands (TPB) has a Net Current Asset Value of $3.74 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Turning Point Brands and its competitors. This is 97% below median its historical median of 142.28. Over the past decade, Turning Point Brands' Net Current Asset Value has ranged from 22.68 to 271.00. According to the industry distribution chart, Turning Point Brands ranks #26 out of 29 companies in the Tobacco Products industry, placing it in the top 89.7%.
Is Turning Point Brands' Net Current Asset Value too high?
Turning Point Brands' current Net Current Asset Value of $3.74 is 97% below median its 10-year median of 142.28. Over the past 10 years, this metric has ranged from a low of 22.68 to a high of 271.00. The Tobacco Products industry median Net Current Asset Value is 7.71. Turning Point Brands' value of $3.74 is 51.5% below this industry median. Based on the distribution chart, Turning Point Brands ranks #26 out of 29 companies in the Tobacco Products industry, which is in the bottom quartile relative to peers. Overall, Turning Point Brands has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Turning Point Brands' Net Current Asset Value compare to UVV and AIIR?
According to the Tobacco Products industry distribution chart, Turning Point Brands ranks #26 out of 29 companies for Net Current Asset Value. This places Turning Point Brands in the lower half of its industry. The industry median Net Current Asset Value is 7.71. Turning Point Brands' value of $3.74 is 51.5% below this benchmark. Historically, Turning Point Brands' own Net Current Asset Value has ranged from 22.68 to 271.00 over the past decade. While the company's 10-year median is 142.28 vs. the industry median of 7.71, Turning Point Brands 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 Tobacco Products company?
The median Net Current Asset Value among Tobacco Products companies is 7.71, based on 29 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. Turning Point Brands's current Net Current Asset Value of $3.74 is 51.5% 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 Turning Point Brands and its competitors. For the Tobacco Products industry, the median Net Current Asset Value is 7.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turning Point Brands's current Net Current Asset Value is $3.74, which is 97% below median its own 10-year median of 142.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turning Point Brands stock overvalued right now?
Based on GuruFocus' analysis, Turning Point Brands (TPB) is currently considered Fairly Valued. The stock's GF Value™ is $87.20, compared to a current price of $86.74 — trading 0.5% below its estimated fair value. The current Net Current Asset Value is $3.74, which is 97% below median its 10-year median of 142.28 and 51.5% below the Tobacco Products industry median of 7.71. Turning Point Brands' overall GF Score™ is 88/100. 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 Turning Point Brands (TPB), the current Net Current Asset Value is $3.74 as of Jun. 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 Turning Point Brands (TPB) Overvalued in 2026?
Based on GuruFocus' analysis, Turning Point Brands stock appears to be undervalued.
The current stock price of $86.74 is trading 0.5% below its estimated GF Value™ of $87.20.
GuruFocus considers Turning Point Brands to be Fairly Valued.
Key valuation signals for TPB:
Net Current Asset Value: $3.74 (97% below median its 10-year median of 142.28)
GF Value™: $87.20 vs. price of $86.74 (0.5% below fair value)
Industry Position: 51.5% below the Tobacco Products median (#26 of 29)
No single metric tells the full story. See the TPB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turning Point Brands Inc operates as a manufacturer, marketer, and provider of consumer products that include Other Tobacco Products (OTP) in the U.S. The company offers a wide variety across the OTP spectrum, including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in two segments, namely Zig-Zag products and Stoker's products segment. The company generates maximum revenue from the Zig-Zag products segment.
88GF Score
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