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New Horizon AircraftHOVR -1.97%14 Net-Net Working Capital is $0.71 as of May. 2026. GuruFocus rates HOVR with a GF Score™ of 14/100. The stock has 1 warning sign investors should review. Among 118 Aerospace & Defense companies, New Horizon Aircraft ranks better than 94.92% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
New Horizon Aircraft's Net-Net Working Capital for the quarter that ended in May. 2026 was $0.71.
The industry rank for New Horizon Aircraft's Net-Net Working Capital or its related term are showing as below:
HOVR's Price-to-Net-Net-Working-Capital is ranked better than 94.92% of 118
companies
in the Aerospace & Defense industry
Industry Median: 10.11
vs HOVR: 2.79
New Horizon Aircraft (NAS:HOVR) Net-Net Working Capital Explanation
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 Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
New Horizon Aircraft Net-Net Working Capital Related Terms
New Horizon Aircraft Net-Net Working Capital Historical Data
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The historical data trend for New Horizon Aircraft's Net-Net Working Capital 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.
New Horizon Aircraft Net-Net Working Capital Chart
HOVR vs CODA, HWKE, MNTS: Net-Net Working Capital Comparison
For the Aerospace & Defense subindustry, New Horizon Aircraft's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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.
New Horizon Aircraft Price-to-Net-Net-Working-Capital vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where New Horizon Aircraft's Price-to-Net-Net-Working-Capital 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.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
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.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of $0.71 mean?
New Horizon Aircraft (HOVR) has a Net-Net Working Capital of $0.71 as of May. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on New Horizon Aircraft According to the industry distribution chart, New Horizon Aircraft ranks #6 out of 118 companies in the Aerospace & Defense industry, placing it in the top 5.1%.
Is New Horizon Aircraft's Net-Net Working Capital too high?
New Horizon Aircraft's current Net-Net Working Capital is $0.71. The Aerospace & Defense industry median Net-Net Working Capital is 10.11. New Horizon Aircraft's value of $0.71 is 93% below this industry median. Based on the distribution chart, New Horizon Aircraft ranks #6 out of 118 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, New Horizon Aircraft has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does New Horizon Aircraft's Net-Net Working Capital compare to CODA and HWKE?
According to the Aerospace & Defense industry distribution chart, New Horizon Aircraft ranks #6 out of 118 companies for Net-Net Working Capital. This places New Horizon Aircraft in the top 5% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 10.11. New Horizon Aircraft's value of $0.71 is 93% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for an Aerospace & Defense company?
The median Net-Net Working Capital among Aerospace & Defense companies is 10.11, based on 118 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. New Horizon Aircraft's current Net-Net Working Capital of $0.71 is 93% 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-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on New Horizon Aircraft For the Aerospace & Defense industry, the median Net-Net Working Capital is 10.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Horizon Aircraft's current Net-Net Working Capital is $0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Horizon Aircraft stock overvalued right now?
New Horizon Aircraft (HOVR) has a current Net-Net Working Capital of $0.71. The current Net-Net Working Capital is $0.71 and 93% below the Aerospace & Defense industry median of 10.11. New Horizon Aircraft's overall GF Score™ is 14/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For New Horizon Aircraft (HOVR), the current Net-Net Working Capital is $0.71 as of May. 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.
New Horizon Aircraft Ltd is an aerospace Original Equipment Manufacturer that is designing and building a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities, and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, floods, and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter.
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