Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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).
Wing On Co International's net current asset value per share for the quarter that ended in Dec. 2025 was HK$12.72.
The historical rank and industry rank for Wing On Co International's Net Current Asset Value or its related term are showing as below:
HKSE:00289'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.02 Med: 1.8 Max: 3.5
Current: 1.02
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Wing On Co International was 3.50. The lowest was 1.02. And the median was 1.80.
HKSE:00289's Price-to-Net-Current-Asset-Value is ranked better than 83.57% of 554
companies
in the Retail - Cyclical industry
Industry Median: 3.285
vs HKSE:00289: 1.02
Wing On Co International (HKSE:00289) 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.
Wing On Co International Net Current Asset Value Related Terms
Wing On Co International Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Wing On Co International'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.
Wing On Co International Net Current Asset Value Chart
HKSE:00289 vs DDS: Net Current Asset Value Comparison
For the Department Stores subindustry, Wing On Co International'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.
Wing On Co International Price-to-Net-Current-Asset-Value vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Wing On Co International's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Wing On Co International'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$12.72 mean?
Wing On Co International (HKSE:00289) has a Net Current Asset Value of HK$12.72 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 Wing On Co International and its competitors. According to the industry distribution chart, Wing On Co International ranks #91 out of 554 companies in the Retail - Cyclical industry, placing it in the top 16.4%.
Is Wing On Co International's Net Current Asset Value too high?
Wing On Co International's current Net Current Asset Value is HK$12.72. Based on the distribution chart, Wing On Co International ranks #91 out of 554 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Wing On Co International has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wing On Co International's Net Current Asset Value compare to DDS?
According to the Retail - Cyclical industry distribution chart, Wing On Co International ranks #91 out of 554 companies for Net Current Asset Value. This places Wing On Co International in the top 16% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.29. 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 Retail - Cyclical company?
The median Net Current Asset Value among Retail - Cyclical companies is 3.29, based on 554 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 Wing On Co International and its competitors. For the Retail - Cyclical industry, the median Net Current Asset Value is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wing On Co International's current Net Current Asset Value is HK$12.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wing On Co International stock overvalued right now?
Based on GuruFocus' analysis, Wing On Co International (HKSE:00289) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$9.96, compared to a current price of HK$13.02 — trading 30.7% above its estimated fair value. The current Net Current Asset Value is HK$12.72. Wing On Co International's overall GF Score™ is 64/100 with 4 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 Wing On Co International (HKSE:00289), the current Net Current Asset Value is HK$12.72 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 Wing On Co International (HKSE:00289) Overvalued in 2026?
Based on GuruFocus' analysis, Wing On Co International stock appears to be overvalued.
The current stock price of HK$13.02 is trading 30.7% above its estimated GF Value™ of HK$9.96.
GuruFocus considers Wing On Co International to be Significantly Overvalued.
Key valuation signals for HKSE:00289:
Net Current Asset Value: HK$12.72
GF Value™: HK$9.96 vs. price of HK$13.02 (30.7% above fair value)
No single metric tells the full story. See the HKSE:00289 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wing On Co International Ltd operates department stores. It also invests in properties. The company has two segments, namely, Department Stores and Property Investment. The department stores segment operates department stores in Hong Kong, while the Property Investment segment engages in leasing commercial premises to generate rental income. Its investment property portfolio is spread across Hong Kong, Australia, the United States of America, and Mainland China. The firm derives the majority of its revenues from the department stores segment.
64GF Score
Get the complete analysis for HKSE:00289
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:00289 has been successfully added to your 
