APAC ResourcesAPPCF 39 Net Current Asset Value is $0.32 as of Dec. 2025, which is 60% below its 10-year median of 0.80. GuruFocus rates APPCF with a GF Score™ of 39/100 and a GF Value™ of $0.21 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 505 Capital Markets companies, APAC Resources ranks better than 92.28% 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).
APAC Resources's net current asset value per share for the quarter that ended in Dec. 2025 was $0.32.
The historical rank and industry rank for APAC Resources's Net Current Asset Value or its related term are showing as below:
APPCF'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.54 Med: 0.8 Max: 1.1
Current: 0.56
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of APAC Resources was 1.10. The lowest was 0.54. And the median was 0.80.
APPCF's Price-to-Net-Current-Asset-Value is ranked better than 92.28% of 505
companies
in the Capital Markets industry
Industry Median: 2.79
vs APPCF: 0.56
APAC Resources (OTCPK:APPCF) 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.
APAC Resources Net Current Asset Value Related Terms
APAC Resources Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for APAC Resources'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.
APPCF vs MS, GS, SCHW: Net Current Asset Value Comparison
For the Capital Markets subindustry, APAC Resources'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.
APAC Resources Price-to-Net-Current-Asset-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, APAC Resources's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where APAC Resources'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 $0.32 mean?
APAC Resources (APPCF) has a Net Current Asset Value of $0.32 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on APAC Resources and its competitors. This is 60% below median its historical median of 0.80. Over the past decade, APAC Resources' Net Current Asset Value has ranged from 0.54 to 1.10. According to the industry distribution chart, APAC Resources ranks #39 out of 505 companies in the Capital Markets industry, placing it in the top 7.7%.
Is APAC Resources' Net Current Asset Value too high?
APAC Resources' current Net Current Asset Value of $0.32 is 60% below median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 1.10. The Capital Markets industry median Net Current Asset Value is 2.79. APAC Resources' value of $0.32 is 88.5% below this industry median. Based on the distribution chart, APAC Resources ranks #39 out of 505 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, APAC Resources has a GF Score™ of 39/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does APAC Resources' Net Current Asset Value compare to MS and GS?
According to the Capital Markets industry distribution chart, APAC Resources ranks #39 out of 505 companies for Net Current Asset Value. This places APAC Resources in the top 8% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 2.79. APAC Resources' value of $0.32 is 88.5% below this benchmark. Historically, APAC Resources' own Net Current Asset Value has ranged from 0.54 to 1.10 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 2.79, APAC Resources 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 2.79, 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. APAC Resources's current Net Current Asset Value of $0.32 is 88.5% 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 APAC Resources and its competitors. For the Capital Markets industry, the median Net Current Asset Value is 2.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. APAC Resources's current Net Current Asset Value is $0.32, which is 60% below median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APAC Resources stock overvalued right now?
Based on GuruFocus' analysis, APAC Resources (APPCF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.21, compared to a current price of $0.19 — trading 10% below its estimated fair value. The current Net Current Asset Value is $0.32, which is 60% below median its 10-year median of 0.80 and 88.5% below the Capital Markets industry median of 2.79. APAC Resources' overall GF Score™ is 39/100 with 7 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 APAC Resources (APPCF), the current Net Current Asset Value is $0.32 as of Dec. 2025. 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 APAC Resources (APPCF) Overvalued in 2026?
Based on GuruFocus' analysis, APAC Resources stock appears to be undervalued.
The current stock price of $0.19 is trading 10% below its estimated GF Value™ of $0.21.
GuruFocus considers APAC Resources to be Modestly Undervalued.
Key valuation signals for APPCF:
Net Current Asset Value: $0.32 (60% below median its 10-year median of 0.80)
GF Value™: $0.21 vs. price of $0.19 (10% below fair value)
Industry Position: 88.5% below the Capital Markets median (#39 of 505)
No single metric tells the full story. See the APPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
APAC Resources Ltd is an investment holding company principally engaged in the commodity trading business and resource investment business. The company operates through three business segments, namely Commodity Business, which includes trading of commodities; Resource investment, which is engaged in the trading of and investment in listed and unlisted securities; and Principal investment and financial services, which engages in the provision of loan financing and investments in loan notes, convertible notes, and other financial assets. The company generates maximum revenue from the Commodity Business segment. It operates in Hong Kong, the PRC, Australia, and the Philippines, with the majority of its revenue coming from the PRC.
39GF Score
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