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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).
Lippo China Resources's net current asset value per share for the quarter that ended in Dec. 2025 was HK$-1.13.
The historical rank and industry rank for Lippo China Resources'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 Lippo China Resources was 60.67. The lowest was 1.13. And the median was 3.40.
HKSE:00156's Price-to-Net-Current-Asset-Value is not ranked *
in the Restaurants industry.
Industry Median: 11.33 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Lippo China Resources (HKSE:00156) 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.
Lippo China Resources Net Current Asset Value Related Terms
Lippo China Resources Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Lippo China Resources'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.
Lippo China Resources Net Current Asset Value Chart
HKSE:00156 vs MCD, SBUX, CMG: Net Current Asset Value Comparison
For the Restaurants subindustry, Lippo China Resources'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.
Lippo China Resources Price-to-Net-Current-Asset-Value vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Lippo China Resources's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Lippo China Resources'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$-1.13 mean?
Lippo China Resources (HKSE:00156) has a Net Current Asset Value of HK$-1.13 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Lippo China Resources and its competitors. According to the industry distribution chart, Lippo China Resources ranks #999999 out of 72 companies in the Restaurants industry.
Is Lippo China Resources' Net Current Asset Value too high?
Lippo China Resources' current Net Current Asset Value is HK$-1.13. Based on the distribution chart, Lippo China Resources ranks #999999 out of 72 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Lippo China Resources has a GF Score™ of 39/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lippo China Resources' Net Current Asset Value compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Lippo China Resources ranks #999999 out of 72 companies for Net Current Asset Value. This places Lippo China Resources in the lower half of its industry. The industry median Net Current Asset Value is 11.33. 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 Restaurants company?
The median Net Current Asset Value among Restaurants companies is 11.33, based on 72 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 Lippo China Resources and its competitors. For the Restaurants industry, the median Net Current Asset Value is 11.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lippo China Resources's current Net Current Asset Value is HK$-1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lippo China Resources stock overvalued right now?
Based on GuruFocus' analysis, Lippo China Resources (HKSE:00156) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.99, compared to a current price of HK$1.00 — trading 1% above its estimated fair value. The current Net Current Asset Value is HK$-1.13. Lippo China Resources' overall GF Score™ is 39/100 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 Lippo China Resources (HKSE:00156), the current Net Current Asset Value is HK$-1.13 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 Lippo China Resources (HKSE:00156) Overvalued in 2026?
Based on GuruFocus' analysis, Lippo China Resources stock appears to be overvalued.
The current stock price of HK$1.00 is trading 1% above its estimated GF Value™ of HK$0.99.
GuruFocus considers Lippo China Resources to be Fairly Valued.
Key valuation signals for HKSE:00156:
Net Current Asset Value: HK$-1.13
GF Value™: HK$0.99 vs. price of HK$1.00 (1% above fair value)
No single metric tells the full story. See the HKSE:00156 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lippo China Resources Ltd is a Hong Kong-based investment holding company. The company, along with its subsidiaries, is principally engaged in the following segments: Property investment, Food businesses, Healthcare services, Securities investment, Treasury investment, Property management, and Others. It derives a majority of the revenue from the Food business activity, which includes the distribution of consumer food and non-food products, food manufacturing and retailing, the management of restaurants, and food court operations. The company operates in Hong Kong, Mainland China, the Republic of Singapore, Malaysia, and other countries, of which the key revenue is generated from the Republic of Singapore.
39GF Score
Get the complete analysis for HKSE:00156
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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