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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).
Natural Cool Holdings's net current asset value per share for the quarter that ended in Dec. 2025 was €-0.06.
The historical rank and industry rank for Natural Cool Holdings'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 Natural Cool Holdings was 11.80. The lowest was 11.80. And the median was 11.80.
HAM:N7E's Price-to-Net-Current-Asset-Value is not ranked *
in the Construction industry.
Industry Median: 3.2 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Natural Cool Holdings (HAM:N7E) 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.
Natural Cool Holdings Net Current Asset Value Related Terms
Natural Cool Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Natural Cool 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.
Natural Cool Holdings Net Current Asset Value Chart
HAM:N7E vs TT, JCI, CARR: Net Current Asset Value Comparison
For the Building Products & Equipment subindustry, Natural Cool 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.
Natural Cool Holdings Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Natural Cool Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Natural Cool 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 €-0.06 mean?
Natural Cool Holdings (HAM:N7E) has a Net Current Asset Value of €-0.06 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 Natural Cool Holdings and its competitors. Over the past decade, Natural Cool Holdings' Net Current Asset Value has ranged from 11.80 to 11.80. According to the industry distribution chart, Natural Cool Holdings ranks #999999 out of 1063 companies in the Construction industry.
Is Natural Cool Holdings' Net Current Asset Value too high?
Natural Cool Holdings' current Net Current Asset Value is €-0.06. Over the past 10 years, this metric has ranged from a low of 11.80 to a high of 11.80. Based on the distribution chart, Natural Cool Holdings ranks #999999 out of 1063 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Natural Cool Holdings has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Natural Cool Holdings' Net Current Asset Value compare to TT and JCI?
According to the Construction industry distribution chart, Natural Cool Holdings ranks #999999 out of 1063 companies for Net Current Asset Value. This places Natural Cool Holdings in the lower half of its industry. The industry median Net Current Asset Value is 3.20. Historically, Natural Cool Holdings' own Net Current Asset Value has ranged from 11.80 to 11.80 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.20, based on 1,063 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 Natural Cool Holdings and its competitors. For the Construction industry, the median Net Current Asset Value is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Cool Holdings's current Net Current Asset Value is €-0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Cool Holdings stock overvalued right now?
Natural Cool Holdings (HAM:N7E) has a current Net Current Asset Value of €-0.06. The stock's GF Value™ is €0.02, compared to a current price of €0.03 — trading 50% above its estimated fair value. The current Net Current Asset Value is €-0.06. Natural Cool Holdings' overall GF Score™ is 51/100 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 Natural Cool Holdings (HAM:N7E), the current Net Current Asset Value is €-0.06 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 Natural Cool Holdings (HAM:N7E) Overvalued in 2026?
Based on GuruFocus' analysis, Natural Cool Holdings stock appears to be overvalued.
The current stock price of €0.03 is trading 50% above its estimated GF Value™ of €0.02.
Key valuation signals for HAM:N7E:
Net Current Asset Value: €-0.06
GF Value™: €0.02 vs. price of €0.03 (50% above fair value)
No single metric tells the full story. See the HAM:N7E stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Natural Cool Holdings Ltd is a Singapore-based investment holding company. The company has four operating segment namely, Aircon and Engineering, Paint and Coatings, Food and Beverages, and Technology. The company generates the majority of its revenue from the Aircon and Engineering segment, which is engaged in trading air-conditioning units and spare parts, installation services for commercial air-conditioning systems and mechanical ventilation, plumbing and sanitary works, and maintenance services. The paint and Coatings segment is into manufacturing and distribution of paints and chemicals. The food and Beverages segment is the operator of restaurants, manufacture, and wholesale of F&B products. The technology segment provides installation of building automated systems.
51GF Score
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