This study investigated the proliferation characteristics and tumorigenic potential of oval cells, the proposed stem cells of the liver. Male rats were fed a choline-deficient diet to induce oval cells, which were then isolated and cultured over 100 passages over 2 years. The oval cells were analyzed using flow cytometry and markers to observe their immunophenotype, proliferation ability, and differentiation potential. When xenografted into immunodeficient mice, the oval cells did not spontaneously transform into cancer-initiating cells. This suggests hepatic oval cells may serve as a safe cell source for future cell therapy and studying liver carcinogenesis.