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Asiasec PropertiesHKSE:00271 45 Net Current Asset Value is HK$-0.48 as of Dec. 2025. GuruFocus rates HKSE:00271 with a GF Score™ of 45/100 and a GF Value™ of HK$0.22 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 761 Real Estate companies, Asiasec Properties ranks worse than 131405.91% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Asiasec Properties's net current asset value per share for the quarter that ended in Dec. 2025 was HK$-0.48.
The historical rank and industry rank for Asiasec Properties'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 Asiasec Properties was 15.59. The lowest was 3.89. And the median was 5.55.
HKSE:00271's Price-to-Net-Current-Asset-Value is not ranked *
in the Real Estate industry.
Industry Median: 2.18 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Asiasec Properties (HKSE:00271) 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.
Asiasec Properties Net Current Asset Value Related Terms
Asiasec Properties Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Asiasec Properties'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.
HKSE:00271 vs CBRE, BEKE, JLL: Net Current Asset Value Comparison
For the Real Estate Services subindustry, Asiasec Properties'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.
Asiasec Properties Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Asiasec Properties's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Asiasec Properties'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$-0.48 mean?
Asiasec Properties (HKSE:00271) has a Net Current Asset Value of HK$-0.48 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 Asiasec Properties and its competitors. Over the past decade, Asiasec Properties' Net Current Asset Value has ranged from 3.89 to 15.59. According to the industry distribution chart, Asiasec Properties ranks #999999 out of 761 companies in the Real Estate industry.
Is Asiasec Properties' Net Current Asset Value too high?
Asiasec Properties' current Net Current Asset Value is HK$-0.48. Over the past 10 years, this metric has ranged from a low of 3.89 to a high of 15.59. Based on the distribution chart, Asiasec Properties ranks #999999 out of 761 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Asiasec Properties has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asiasec Properties' Net Current Asset Value compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Asiasec Properties ranks #999999 out of 761 companies for Net Current Asset Value. This places Asiasec Properties in the lower half of its industry. The industry median Net Current Asset Value is 2.18. Historically, Asiasec Properties' own Net Current Asset Value has ranged from 3.89 to 15.59 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 Real Estate company?
The median Net Current Asset Value among Real Estate companies is 2.18, 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 Asiasec Properties and its competitors. For the Real Estate industry, the median Net Current Asset Value is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asiasec Properties's current Net Current Asset Value is HK$-0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asiasec Properties stock overvalued right now?
Based on GuruFocus' analysis, Asiasec Properties (HKSE:00271) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.22, compared to a current price of HK$0.16 — trading 28.2% below its estimated fair value. The current Net Current Asset Value is HK$-0.48. Asiasec Properties' overall GF Score™ is 45/100 with 3 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 Asiasec Properties (HKSE:00271), the current Net Current Asset Value is HK$-0.48 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 Asiasec Properties (HKSE:00271) Overvalued in 2026?
Based on GuruFocus' analysis, Asiasec Properties stock appears to be undervalued.
The current stock price of HK$0.16 is trading 28.2% below its estimated GF Value™ of HK$0.22.
GuruFocus considers Asiasec Properties to be Modestly Undervalued.
Key valuation signals for HKSE:00271:
Net Current Asset Value: HK$-0.48
GF Value™: HK$0.22 vs. price of HK$0.16 (28.2% below fair value)
No single metric tells the full story. See the HKSE:00271 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asiasec Properties Ltd is an investment holding company which is involved in real estate, property leasing, and management services. The company has aggregated its operations into one reportable segment, Property Leasing and Estate Management. Its prime source of revenue is the rental income from investment properties.
45GF 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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