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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).
Auto Italia Holdings's net current asset value per share for the quarter that ended in Dec. 2025 was HK$-0.06.
The historical rank and industry rank for Auto Italia 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 Auto Italia Holdings was 16.90. The lowest was 0.97. And the median was 2.40.
HKSE:00720'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.
Auto Italia Holdings (HKSE:00720) 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.
Auto Italia Holdings Net Current Asset Value Related Terms
Auto Italia Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Auto Italia 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.
Auto Italia Holdings Net Current Asset Value Chart
HKSE:00720 vs CBRE, BEKE, JLL: Net Current Asset Value Comparison
For the Real Estate Services subindustry, Auto Italia 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.
Auto Italia Holdings Price-to-Net-Current-Asset-Value vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Auto Italia Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Auto Italia 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$-0.06 mean?
Auto Italia Holdings (HKSE:00720) has a Net Current Asset Value of HK$-0.06 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Auto Italia Holdings and its competitors. According to the industry distribution chart, Auto Italia Holdings ranks #999999 out of 759 companies in the Real Estate industry.
Is Auto Italia Holdings' Net Current Asset Value too high?
Auto Italia Holdings' current Net Current Asset Value is HK$-0.06. Based on the distribution chart, Auto Italia Holdings ranks #999999 out of 759 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Auto Italia Holdings has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Auto Italia Holdings' Net Current Asset Value compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Auto Italia Holdings ranks #999999 out of 759 companies for Net Current Asset Value. This places Auto Italia Holdings in the lower half of its industry. The industry median Net Current Asset Value is 2.18. 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 759 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 Auto Italia Holdings 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. Auto Italia Holdings's current Net Current Asset Value is HK$-0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Auto Italia Holdings stock overvalued right now?
Based on GuruFocus' analysis, Auto Italia Holdings (HKSE:00720) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.55, compared to a current price of HK$0.30 — trading 45.5% below its estimated fair value. The current Net Current Asset Value is HK$-0.06. Auto Italia Holdings' overall GF Score™ is 39/100 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 Auto Italia Holdings (HKSE:00720), the current Net Current Asset Value is HK$-0.06 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 Auto Italia Holdings (HKSE:00720) Overvalued in 2026?
Based on GuruFocus' analysis, Auto Italia Holdings stock appears to be undervalued.
The current stock price of HK$0.30 is trading 45.5% below its estimated GF Value™ of HK$0.55.
GuruFocus considers Auto Italia Holdings to be Possible Value Trap.
Key valuation signals for HKSE:00720:
Net Current Asset Value: HK$-0.06
GF Value™: HK$0.55 vs. price of HK$0.30 (45.5% below fair value)
No single metric tells the full story. See the HKSE:00720 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Auto Italia Holdings Ltd is an investment holding company whose subsidiaries are principally engaged in the trading of cars and related accessories, provision of after-sales services in the People's Republic of China (PRC), research and development and sales of electric vehicles and related accessories for the European market, as well as property investment and financing activities. The Group operates through three segments: Cars, which generates the majority of revenue and includes car trading, after-sales services, and EV-related R&D and sales; Property investment; and Financial investments and services, comprising securities investments and financing and corporate finance services. The Group derives the majority of its revenue from the PRC.
39GF Score
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