Shine JusticeASX:SHJ +0.83%48 Net Current Asset Value is A$-0.33 as of Dec. 2025. GuruFocus rates ASX:SHJ with a GF Score™ of 48/100 and a GF Value™ of A$0.73 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 31 Personal Services companies, Shine Justice ranks worse than 3225803.23% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Shine Justice's net current asset value per share for the quarter that ended in Dec. 2025 was A$-0.33.
The historical rank and industry rank for Shine Justice's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Shine Justice was 74.50. The lowest was 0.73. And the median was 7.86.
ASX:SHJ's Price-to-Net-Current-Asset-Value is not ranked *
in the Personal Services industry.
Industry Median: 3.61 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Shine Justice (ASX:SHJ) 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.
Shine Justice Net Current Asset Value Related Terms
Shine Justice Net Current Asset Value Historical Data
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The historical data trend for Shine Justice'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.
ASX:SHJ vs ROL, SCI, FTDR: Net Current Asset Value Comparison
For the Personal Services subindustry, Shine Justice'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.
Shine Justice Price-to-Net-Current-Asset-Value vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Shine Justice's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Shine Justice'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 A$-0.33 mean?
Shine Justice (ASX:SHJ) has a Net Current Asset Value of A$-0.33 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 Shine Justice and its competitors. Over the past decade, Shine Justice's Net Current Asset Value has ranged from 0.73 to 74.50. According to the industry distribution chart, Shine Justice ranks #999999 out of 31 companies in the Personal Services industry.
Is Shine Justice's Net Current Asset Value too high?
Shine Justice's current Net Current Asset Value is A$-0.33. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 74.50. Based on the distribution chart, Shine Justice ranks #999999 out of 31 companies in the Personal Services industry, which is in the bottom quartile relative to peers. Overall, Shine Justice has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shine Justice's Net Current Asset Value compare to ROL and SCI?
According to the Personal Services industry distribution chart, Shine Justice ranks #999999 out of 31 companies for Net Current Asset Value. This places Shine Justice in the lower half of its industry. The industry median Net Current Asset Value is 3.61. Historically, Shine Justice's own Net Current Asset Value has ranged from 0.73 to 74.50 over the past decade. 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 Personal Services company?
The median Net Current Asset Value among Personal Services companies is 3.61, based on 31 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. 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 Shine Justice and its competitors. For the Personal Services industry, the median Net Current Asset Value is 3.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shine Justice's current Net Current Asset Value is A$-0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shine Justice stock overvalued right now?
Based on GuruFocus' analysis, Shine Justice (ASX:SHJ) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.73, compared to a current price of A$0.61 — trading 16.4% below its estimated fair value. The current Net Current Asset Value is A$-0.33. Shine Justice's overall GF Score™ is 48/100 with 5 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 Shine Justice (ASX:SHJ), the current Net Current Asset Value is A$-0.33 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 Shine Justice (ASX:SHJ) Overvalued in 2026?
Based on GuruFocus' analysis, Shine Justice stock appears to be undervalued.
The current stock price of A$0.61 is trading 16.4% below its estimated GF Value™ of A$0.73.
GuruFocus considers Shine Justice to be Modestly Undervalued.
Key valuation signals for ASX:SHJ:
Net Current Asset Value: A$-0.33
GF Value™: A$0.73 vs. price of A$0.61 (16.4% below fair value)
No single metric tells the full story. See the ASX:SHJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shine Justice Ltd offers legal services. It operates through the following business segments: Personal injury and Class Actions. The firm generates the majority of its revenue from the Personal injury segment. Its Personal injury segment includes motor vehicle accidents, workers' compensation, public liability, catastrophic injuries, and Others. Its firm includes Shine Lawyers, Sciaccas Lawyers, Stephen Browne Personal Injury Lawyers, Bradley Bayly Lawyers, and Carr & Co Divorce and Family Lawyers.
48GF Score
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