Solowin HoldingsAXG 12 Net Current Asset Value is $0.08 as of Sep. 2025, which is 99% below its 10-year median of 13.95. GuruFocus rates AXG with a GF Score™ of 12/100. The stock has 7 warning signs investors should review. Among 505 Capital Markets companies, Solowin Holdings ranks worse than 94.26% 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).
Solowin Holdings's net current asset value per share for the quarter that ended in Sep. 2025 was $0.08.
The historical rank and industry rank for Solowin Holdings's Net Current Asset Value or its related term are showing as below:
AXG'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.17 Med: 13.95 Max: 40.76
Current: 40.75
During the past 5 years, the highest Price-to-Net-Current-Asset-Value Ratio of Solowin Holdings was 40.76. The lowest was 4.17. And the median was 13.95.
AXG's Price-to-Net-Current-Asset-Value is ranked worse than 94.26% of 505
companies
in the Capital Markets industry
Industry Median: 2.83
vs AXG: 40.75
Solowin Holdings (NAS:AXG) 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.
Solowin Holdings Net Current Asset Value Related Terms
Solowin Holdings Net Current Asset Value Historical Data
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The historical data trend for Solowin Holdings'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.
AXG vs BTGO, BTBT, RHNO: Net Current Asset Value Comparison
For the Capital Markets subindustry, Solowin Holdings'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.
Solowin Holdings Price-to-Net-Current-Asset-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Solowin Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Solowin Holdings'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 $0.08 mean?
Solowin Holdings (AXG) has a Net Current Asset Value of $0.08 as of Sep. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Solowin Holdings and its competitors. This is 99% below median its historical median of 13.95. Over the past decade, Solowin Holdings' Net Current Asset Value has ranged from 4.17 to 40.76. According to the industry distribution chart, Solowin Holdings ranks #476 out of 505 companies in the Capital Markets industry, placing it in the top 94.3%.
Is Solowin Holdings' Net Current Asset Value too high?
Solowin Holdings' current Net Current Asset Value of $0.08 is 99% below median its 10-year median of 13.95. Over the past 10 years, this metric has ranged from a low of 4.17 to a high of 40.76. The Capital Markets industry median Net Current Asset Value is 2.83. Solowin Holdings' value of $0.08 is 97.2% below this industry median. Based on the distribution chart, Solowin Holdings ranks #476 out of 505 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Solowin Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Solowin Holdings' Net Current Asset Value compare to BTGO and BTBT?
According to the Capital Markets industry distribution chart, Solowin Holdings ranks #476 out of 505 companies for Net Current Asset Value. This places Solowin Holdings in the lower half of its industry. The industry median Net Current Asset Value is 2.83. Solowin Holdings' value of $0.08 is 97.2% below this benchmark. Historically, Solowin Holdings' own Net Current Asset Value has ranged from 4.17 to 40.76 over the past decade. While the company's 10-year median is 13.95 vs. the industry median of 2.83, Solowin Holdings 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 2.83, 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. Solowin Holdings's current Net Current Asset Value of $0.08 is 97.2% 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 Solowin Holdings and its competitors. For the Capital Markets industry, the median Net Current Asset Value is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solowin Holdings's current Net Current Asset Value is $0.08, which is 99% below median its own 10-year median of 13.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solowin Holdings stock overvalued right now?
Solowin Holdings (AXG) has a current Net Current Asset Value of $0.08. The current Net Current Asset Value is $0.08, which is 99% below median its 10-year median of 13.95 and 97.2% below the Capital Markets industry median of 2.83. Solowin Holdings' overall GF Score™ is 12/100 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 Solowin Holdings (AXG), the current Net Current Asset Value is $0.08 as of Sep. 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.
Solowin Holdings Ltd is an investor-focused, versatile securities brokerage company in Hong Kong. It offers a wide spectrum of products and services through its secure one-stop electronic platform. It is engaged in providing securities-related services, investment advisory services, and asset management services to customers. The operations were organized into four reportable segments: Corporate Finance Services, Wealth Management Services, Asset Management Services and Virtual Assets. It derives maximum revenue from Wealth Management Services.
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