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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).
Yuan Heng Gas Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was HK$-6.21.
The historical rank and industry rank for Yuan Heng Gas Holdings'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 Yuan Heng Gas Holdings was 8.05. The lowest was 0.64. And the median was 3.64.
HKSE:00332's Price-to-Net-Current-Asset-Value is not ranked *
in the Oil & Gas industry.
Industry Median: 3.955 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Yuan Heng Gas Holdings (HKSE:00332) 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.
Yuan Heng Gas Holdings Net Current Asset Value Related Terms
Yuan Heng Gas Holdings Net Current Asset Value Historical Data
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The historical data trend for Yuan Heng Gas Holdings'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.
Yuan Heng Gas Holdings Net Current Asset Value Chart
HKSE:00332 vs XOM, CVX: Net Current Asset Value Comparison
For the Oil & Gas Integrated subindustry, Yuan Heng Gas Holdings'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.
Yuan Heng Gas Holdings Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Yuan Heng Gas Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Yuan Heng Gas Holdings'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$-6.21 mean?
Yuan Heng Gas Holdings (HKSE:00332) has a Net Current Asset Value of HK$-6.21 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Yuan Heng Gas Holdings and its competitors. According to the industry distribution chart, Yuan Heng Gas Holdings ranks #999999 out of 306 companies in the Oil & Gas industry.
Is Yuan Heng Gas Holdings' Net Current Asset Value too high?
Yuan Heng Gas Holdings' current Net Current Asset Value is HK$-6.21. Based on the distribution chart, Yuan Heng Gas Holdings ranks #999999 out of 306 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Yuan Heng Gas Holdings has a GF Score™ of 21/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Yuan Heng Gas Holdings' Net Current Asset Value compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Yuan Heng Gas Holdings ranks #999999 out of 306 companies for Net Current Asset Value. This places Yuan Heng Gas Holdings in the lower half of its industry. The industry median Net Current Asset Value is 3.96. 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 Oil & Gas company?
The median Net Current Asset Value among Oil & Gas companies is 3.96, based on 306 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 Yuan Heng Gas Holdings and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yuan Heng Gas Holdings's current Net Current Asset Value is HK$-6.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yuan Heng Gas Holdings stock overvalued right now?
Based on GuruFocus' analysis, Yuan Heng Gas Holdings (HKSE:00332) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.12, compared to a current price of HK$0.16 — trading 34.2% above its estimated fair value. The current Net Current Asset Value is HK$-6.21. Yuan Heng Gas Holdings' overall GF Score™ is 21/100 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 Yuan Heng Gas Holdings (HKSE:00332), the current Net Current Asset Value is HK$-6.21 as of Mar. 2026. 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 Yuan Heng Gas Holdings (HKSE:00332) Overvalued in 2026?
Based on GuruFocus' analysis, Yuan Heng Gas Holdings stock appears to be overvalued.
The current stock price of HK$0.16 is trading 34.2% above its estimated GF Value™ of HK$0.12.
GuruFocus considers Yuan Heng Gas Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:00332:
Net Current Asset Value: HK$-6.21
GF Value™: HK$0.12 vs. price of HK$0.16 (34.2% above fair value)
No single metric tells the full story. See the HKSE:00332 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yuan Heng Gas Holdings Ltd is an investment holding company. The company's operating segment includes production and sales of LNG, oil and gas transactions, and piped gas. The majority of the revenue is generated from oil and gas transactions. Its geographical segments include the People's Republic of China(PRC), Hong Kong, and Singapore, of which the majority of the revenue comes from PRC. The majority of revenue is from Oil and Gas transactions.
21GF 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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