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Hanfort Development HoldingsHKSE:00361 Net Current Asset Value is HK$0.00 as of Dec. 2025. The stock has 5 warning signs investors should review. Among 317 Travel & Leisure companies, Hanfort Development Holdings ranks worse than 315457.1% 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).
Hanfort Development Holdings's net current asset value per share for the quarter that ended in Dec. 2025 was HK$0.00.
The historical rank and industry rank for Hanfort Development Holdings's Net Current Asset Value or its related term are showing as below:
HKSE:00361'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.9 Med: 31 Max: 31
Current: 3.9
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hanfort Development Holdings was 31.00. The lowest was 3.90. And the median was 31.00.
HKSE:00361's Price-to-Net-Current-Asset-Value is not ranked
in the Travel & Leisure industry.
Industry Median: 4.29
vs HKSE:00361: 3.90
Hanfort Development Holdings (HKSE:00361) 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.
Hanfort Development Holdings Net Current Asset Value Related Terms
Hanfort Development Holdings Net Current Asset Value Historical Data
* 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.
Hanfort Development Holdings Net Current Asset Value Chart
HKSE:00361 vs AS, HAS, LTH: Net Current Asset Value Comparison
For the Leisure subindustry, Hanfort Development 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.
Hanfort Development Holdings Price-to-Net-Current-Asset-Value vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Hanfort Development Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hanfort Development 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$0.00 mean?
Hanfort Development Holdings (HKSE:00361) has a Net Current Asset Value of HK$0.00 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 Hanfort Development Holdings and its competitors. According to the industry distribution chart, Hanfort Development Holdings ranks #999999 out of 317 companies in the Travel & Leisure industry.
Is Hanfort Development Holdings' Net Current Asset Value too high?
Hanfort Development Holdings' current Net Current Asset Value is HK$0.00. Based on the distribution chart, Hanfort Development Holdings ranks #999999 out of 317 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers.
How does Hanfort Development Holdings' Net Current Asset Value compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Hanfort Development Holdings ranks #999999 out of 317 companies for Net Current Asset Value. This places Hanfort Development Holdings in the lower half of its industry. The industry median Net Current Asset Value is 4.29. 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 Travel & Leisure company?
The median Net Current Asset Value among Travel & Leisure companies is 4.29, based on 317 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 Hanfort Development Holdings and its competitors. For the Travel & Leisure industry, the median Net Current Asset Value is 4.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hanfort Development Holdings's current Net Current Asset Value is HK$0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hanfort Development Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hanfort Development Holdings (HKSE:00361) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.03, compared to a current price of HK$0.04 — trading 30% above its estimated fair value. The current Net Current Asset Value is HK$0.00. 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 Hanfort Development Holdings (HKSE:00361), the current Net Current Asset Value is HK$0.00 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.
Hanfort Development Holdings Ltd is principally engaged in the manufacturing and trading of golf equipment, golf bags, other accessories, related components and parts; and the development of an integrated resort, the Commonwealth of the Northern Mariana Islands (the CNMI). The company has three segments: Golf equipment, Golf bags, and Hospitality. Golf equipment: Manufacture and sales of golf equipment and related components and parts. Golf bags: Trading of golf bags, other accessories, and related components and parts. Hospitality: Development of an integrated resort in CNMI. The majority of its revenue is generated from the Golf equipment segment. Geographically, the company operates in North America, Japan, Europe, Asia (excluding Japan), and other locations.
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