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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).
Asia Air Survey Co's net current asset value per share for the quarter that ended in Mar. 2026 was $2.46.
The historical rank and industry rank for Asia Air Survey Co's Net Current Asset Value or its related term are showing as below:
AASLF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.65 Med: 2.86 Max: 4.64
Current: 3.71
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Asia Air Survey Co was 4.64. The lowest was 1.65. And the median was 2.86.
AASLF's Price-to-Net-Current-Asset-Value is ranked worse than 53.7% of 1067
companies
in the Construction industry
Industry Median: 3.34
vs AASLF: 3.71
Asia Air Survey Co (OTCPK:AASLF) 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.
Asia Air Survey Co Net Current Asset Value Related Terms
Asia Air Survey Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Asia Air Survey Co'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.
AASLF vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Asia Air Survey Co'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.
Asia Air Survey Co Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Asia Air Survey Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Asia Air Survey Co'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 $2.46 mean?
Asia Air Survey Co (AASLF) has a Net Current Asset Value of $2.46 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 Asia Air Survey Co and its competitors. According to the industry distribution chart, Asia Air Survey Co ranks #573 out of 1067 companies in the Construction industry, placing it in the top 53.7%.
Is Asia Air Survey Co's Net Current Asset Value too high?
Asia Air Survey Co's current Net Current Asset Value is $2.46. The Construction industry median Net Current Asset Value is 3.34. Asia Air Survey Co's value of $2.46 is 26.3% below this industry median. Based on the distribution chart, Asia Air Survey Co ranks #573 out of 1067 companies in the Construction industry, which is below the industry midpoint. Overall, Asia Air Survey Co has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Asia Air Survey Co's Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, Asia Air Survey Co ranks #573 out of 1067 companies for Net Current Asset Value. This places Asia Air Survey Co in the lower half of its industry. The industry median Net Current Asset Value is 3.34. Asia Air Survey Co's value of $2.46 is 26.3% 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 Current Asset Value for a Construction company?
The median Net Current Asset Value among Construction companies is 3.34, based on 1,067 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. Asia Air Survey Co's current Net Current Asset Value of $2.46 is 26.3% 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 Asia Air Survey Co and its competitors. For the Construction industry, the median Net Current Asset Value is 3.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Air Survey Co's current Net Current Asset Value is $2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Air Survey Co stock overvalued right now?
Asia Air Survey Co (AASLF) has a current Net Current Asset Value of $2.46. The stock's GF Value™ is $7.52, compared to a current price of $7.41 — trading 1.5% below its estimated fair value. The current Net Current Asset Value is $2.46 and 26.3% below the Construction industry median of 3.34. Asia Air Survey Co's overall GF Score™ is 81/100 with 3 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 Asia Air Survey Co (AASLF), the current Net Current Asset Value is $2.46 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 Asia Air Survey Co (AASLF) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Air Survey Co stock appears to be undervalued.
The current stock price of $7.41 is trading 1.5% below its estimated GF Value™ of $7.52.
Key valuation signals for AASLF:
Net Current Asset Value: $2.46
GF Value™: $7.52 vs. price of $7.41 (1.5% below fair value)
Industry Position: 26.3% below the Construction median (#573 of 1067)
No single metric tells the full story. See the AASLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Air Survey Co Ltd is a construction consulting company specializing in aerial surveying. The company includes a group of technical specialists with high-precision, specialized technology in businesses and fields such as surveying, disaster prevention, the environment and spatial information.
81GF Score
Get the complete analysis for AASLF
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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