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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).
FRA:4C6's Price-to-Net-Current-Asset-Value is ranked worse than 67.35% of 98
companies
in the Telecommunication Services industry
Industry Median: 5.45
vs FRA:4C6: 11.60
Hutchison Telecommunications Hong Kong Holdings (FRA:4C6) 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.
Hutchison Telecommunications Hong Kong Holdings Net Current Asset Value Related Terms
Hutchison Telecommunications Hong Kong Holdings Net Current Asset Value Historical Data
* 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.
Hutchison Telecommunications Hong Kong Holdings Net Current Asset Value Chart
Hutchison Telecommunications Hong Kong Holdings Annual Data
FRA:4C6 vs VZ, TMUS, T: Net Current Asset Value Comparison
For the Telecom Services subindustry, Hutchison Telecommunications Hong Kong 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.
Hutchison Telecommunications Hong Kong Holdings Price-to-Net-Current-Asset-Value vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Hutchison Telecommunications Hong Kong Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hutchison Telecommunications Hong Kong 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 €0.02 mean?
Hutchison Telecommunications Hong Kong Holdings (FRA:4C6) has a Net Current Asset Value of €0.02 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 Hutchison Telecommunications Hong Kong Holdings and its competitors. This is 100% below median its historical median of 8.21. Over the past decade, Hutchison Telecommunications Hong Kong Holdings' Net Current Asset Value has ranged from 1.54 to 61.00. According to the industry distribution chart, Hutchison Telecommunications Hong Kong Holdings ranks #66 out of 98 companies in the Telecommunication Services industry, placing it in the top 67.3%.
Is Hutchison Telecommunications Hong Kong Holdings' Net Current Asset Value too high?
Hutchison Telecommunications Hong Kong Holdings' current Net Current Asset Value of €0.02 is 100% below median its 10-year median of 8.21. Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 61.00. Based on the distribution chart, Hutchison Telecommunications Hong Kong Holdings ranks #66 out of 98 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Hutchison Telecommunications Hong Kong Holdings has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hutchison Telecommunications Hong Kong Holdings' Net Current Asset Value compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Hutchison Telecommunications Hong Kong Holdings ranks #66 out of 98 companies for Net Current Asset Value. This places Hutchison Telecommunications Hong Kong Holdings in the lower half of its industry. The industry median Net Current Asset Value is 5.45. Historically, Hutchison Telecommunications Hong Kong Holdings' own Net Current Asset Value has ranged from 1.54 to 61.00 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 Telecommunication Services company?
The median Net Current Asset Value among Telecommunication Services companies is 5.45, based on 98 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 Hutchison Telecommunications Hong Kong Holdings and its competitors. For the Telecommunication Services industry, the median Net Current Asset Value is 5.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hutchison Telecommunications Hong Kong Holdings's current Net Current Asset Value is €0.02, which is 100% below median its own 10-year median of 8.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hutchison Telecommunications Hong Kong Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hutchison Telecommunications Hong Kong Holdings (FRA:4C6) is currently considered Fairly Valued. The stock's GF Value™ is €0.12, compared to a current price of €0.12 — trading 3.3% below its estimated fair value. The current Net Current Asset Value is €0.02, which is 100% below median its 10-year median of 8.21. Hutchison Telecommunications Hong Kong Holdings' overall GF Score™ is 47/100 with 6 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 Hutchison Telecommunications Hong Kong Holdings (FRA:4C6), the current Net Current Asset Value is €0.02 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 Hutchison Telecommunications Hong Kong Holdings (FRA:4C6) Overvalued in 2026?
Based on GuruFocus' analysis, Hutchison Telecommunications Hong Kong Holdings stock appears to be undervalued.
The current stock price of €0.12 is trading 3.3% below its estimated GF Value™ of €0.12.
GuruFocus considers Hutchison Telecommunications Hong Kong Holdings to be Fairly Valued.
Key valuation signals for FRA:4C6:
Net Current Asset Value: €0.02 (100% below median its 10-year median of 8.21)
GF Value™: €0.12 vs. price of €0.12 (3.3% below fair value)
No single metric tells the full story. See the FRA:4C6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hutchison Telecommunications Hong Kong Holdings Ltd is an investment holding company. It operates in a single segment of the mobile telecommunications business in Hong Kong and Macau. It offers a wide range of mobile telecommunications services and products with an increasing focus on data-centric services that converge with Internet and PC services. The company provides mobile communications services such as local voice, SMS, MMS, IDD, and international roaming, as well as data services and applications including direct carrier billing offerings, mobile device security management, eBooks, music downloads, movies-on-demand, mobile social networking applications, and FinTech.
47GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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