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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).
CMGE Technology Group's net current asset value per share for the quarter that ended in Dec. 2025 was HK$-0.05.
The historical rank and industry rank for CMGE Technology Group's Net Current Asset Value or its related term are showing as below:
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of CMGE Technology Group was 6.62. The lowest was 3.97. And the median was 5.32.
HKSE:00302's Price-to-Net-Current-Asset-Value is not ranked *
in the Interactive Media industry.
Industry Median: 3.77 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
CMGE Technology Group (HKSE:00302) 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.
CMGE Technology Group Net Current Asset Value Related Terms
CMGE Technology Group Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for CMGE Technology Group'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.
CMGE Technology Group Net Current Asset Value Chart
HKSE:00302 vs NTES, EA, TTWO: Net Current Asset Value Comparison
For the Electronic Gaming & Multimedia subindustry, CMGE Technology Group'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.
CMGE Technology Group Price-to-Net-Current-Asset-Value vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, CMGE Technology Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where CMGE Technology Group'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$-0.05 mean?
CMGE Technology Group (HKSE:00302) has a Net Current Asset Value of HK$-0.05 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on CMGE Technology Group and its competitors. According to the industry distribution chart, CMGE Technology Group ranks #999999 out of 363 companies in the Interactive Media industry.
Is CMGE Technology Group's Net Current Asset Value too high?
CMGE Technology Group's current Net Current Asset Value is HK$-0.05. Based on the distribution chart, CMGE Technology Group ranks #999999 out of 363 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, CMGE Technology Group has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does CMGE Technology Group's Net Current Asset Value compare to NTES and EA?
According to the Interactive Media industry distribution chart, CMGE Technology Group ranks #999999 out of 363 companies for Net Current Asset Value. This places CMGE Technology Group in the lower half of its industry. The industry median Net Current Asset Value is 3.77. 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 an Interactive Media company?
The median Net Current Asset Value among Interactive Media companies is 3.77, based on 363 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 CMGE Technology Group and its competitors. For the Interactive Media industry, the median Net Current Asset Value is 3.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMGE Technology Group's current Net Current Asset Value is HK$-0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMGE Technology Group stock overvalued right now?
Based on GuruFocus' analysis, CMGE Technology Group (HKSE:00302) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.58, compared to a current price of HK$0.19 — trading 67.1% below its estimated fair value. The current Net Current Asset Value is HK$-0.05. CMGE Technology Group's overall GF Score™ is 47/100 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 CMGE Technology Group (HKSE:00302), the current Net Current Asset Value is HK$-0.05 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 CMGE Technology Group (HKSE:00302) Overvalued in 2026?
Based on GuruFocus' analysis, CMGE Technology Group stock appears to be undervalued.
The current stock price of HK$0.19 is trading 67.1% below its estimated GF Value™ of HK$0.58.
GuruFocus considers CMGE Technology Group to be Possible Value Trap.
Key valuation signals for HKSE:00302:
Net Current Asset Value: HK$-0.05
GF Value™: HK$0.58 vs. price of HK$0.19 (67.1% below fair value)
No single metric tells the full story. See the HKSE:00302 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CMGE Technology Group Ltd is a China-based mobile game developer and publisher. The company provides IP-oriented games for players throughout the world through independent research and development (R&D) and co-development efforts. The company continues with its excellent contents and amazing interaction experience by focusing on its Proprietary IP "Legend of Sword and Fairy".
47GF 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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