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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).
Hong Kong Ferry (Holdings) Co's net current asset value per share for the quarter that ended in Dec. 2025 was HK$5.78.
The historical rank and industry rank for Hong Kong Ferry (Holdings) Co's Net Current Asset Value or its related term are showing as below:
HKSE:00050'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.43 Med: 0.96 Max: 1.95
Current: 0.83
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hong Kong Ferry (Holdings) Co was 1.95. The lowest was 0.43. And the median was 0.96.
HKSE:00050's Price-to-Net-Current-Asset-Value is ranked better than 80.95% of 761
companies
in the Real Estate industry
Industry Median: 2.2
vs HKSE:00050: 0.83
Hong Kong Ferry (Holdings) Co (HKSE:00050) 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.
Hong Kong Ferry (Holdings) Co Net Current Asset Value Related Terms
Hong Kong Ferry (Holdings) Co 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.
Hong Kong Ferry (Holdings) Co Net Current Asset Value Chart
Hong Kong Ferry (Holdings) Co Net Current Asset Value Competitor Comparison
For the Real Estate - Diversified subindustry, Hong Kong Ferry (Holdings) Co'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.
Hong Kong Ferry (Holdings) Co Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Hong Kong Ferry (Holdings) Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hong Kong Ferry (Holdings) Co'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 HK$5.78 mean?
Hong Kong Ferry (Holdings) Co (HKSE:00050) has a Net Current Asset Value of HK$5.78 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 Hong Kong Ferry (Holdings) Co and its competitors. According to the industry distribution chart, Hong Kong Ferry (Holdings) Co ranks #145 out of 761 companies in the Real Estate industry, placing it in the top 19.1%.
Is Hong Kong Ferry (Holdings) Co's Net Current Asset Value too high?
Hong Kong Ferry (Holdings) Co's current Net Current Asset Value is HK$5.78. Based on the distribution chart, Hong Kong Ferry (Holdings) Co ranks #145 out of 761 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Hong Kong Ferry (Holdings) Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong Ferry (Holdings) Co's Net Current Asset Value compare to competitors?
According to the Real Estate industry distribution chart, Hong Kong Ferry (Holdings) Co ranks #145 out of 761 companies for Net Current Asset Value. This places Hong Kong Ferry (Holdings) Co in the top 19% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 2.20. 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 Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.20, based on 761 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 Hong Kong Ferry (Holdings) Co and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Kong Ferry (Holdings) Co's current Net Current Asset Value is HK$5.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Kong Ferry (Holdings) Co stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong Ferry (Holdings) Co (HKSE:00050) is currently considered Fairly Valued. The stock's GF Value™ is HK$5.29, compared to a current price of HK$4.97 — trading 6% below its estimated fair value. The current Net Current Asset Value is HK$5.78. Hong Kong Ferry (Holdings) Co's overall GF Score™ is 82/100 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 Hong Kong Ferry (Holdings) Co (HKSE:00050), the current Net Current Asset Value is HK$5.78 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 Hong Kong Ferry (Holdings) Co (HKSE:00050) Overvalued in 2026?
Based on GuruFocus' analysis, Hong Kong Ferry (Holdings) Co stock appears to be undervalued.
The current stock price of HK$4.97 is trading 6% below its estimated GF Value™ of HK$5.29.
GuruFocus considers Hong Kong Ferry (Holdings) Co to be Fairly Valued.
Key valuation signals for HKSE:00050:
Net Current Asset Value: HK$5.78
GF Value™: HK$5.29 vs. price of HK$4.97 (6% below fair value)
No single metric tells the full story. See the HKSE:00050 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hong Kong Ferry (Holdings) Co Ltd is an investment holding company. It operates through the following segments; Property development which includes the development and sale of properties; Property investment which generates key revenue for the company and includes rental income from the leasing of properties; Ferry, shipyard and related operations including income from the operation of dangerous goods vehicular ferry service and ship repairs and maintenance services and sales of goods on cruise vessels; Medical, healthcare and beauty services: income from provision of medical, healthcare and beauty services; and Securities investment: dividend, interest and other income from listed securities investments, and Others. The majority of the revenue is generated from the Property investment.
82GF Score
Get the complete analysis for HKSE:00050
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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