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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).
Ciprun Technology Holdings Co's net current asset value per share for the quarter that ended in Dec. 2025 was HK$-0.01.
The historical rank and industry rank for Ciprun Technology Holdings Co'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 Ciprun Technology Holdings Co was 29.50. The lowest was 4.90. And the median was 7.44.
HKSE:01020's Price-to-Net-Current-Asset-Value is not ranked *
in the Retail - Cyclical industry.
Industry Median: 3.28 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Ciprun Technology Holdings Co (HKSE:01020) 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.
Ciprun Technology Holdings Co Net Current Asset Value Related Terms
Ciprun Technology Holdings Co 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.
Ciprun Technology Holdings Co Net Current Asset Value Chart
HKSE:01020 vs AMZN, BABA, PDD: Net Current Asset Value Comparison
For the Internet Retail subindustry, Ciprun Technology Holdings Co'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.
Ciprun Technology Holdings Co Price-to-Net-Current-Asset-Value vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Ciprun Technology Holdings Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ciprun Technology Holdings Co'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$-0.01 mean?
Ciprun Technology Holdings Co (HKSE:01020) has a Net Current Asset Value of HK$-0.01 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Ciprun Technology Holdings Co and its competitors. Over the past decade, Ciprun Technology Holdings Co's Net Current Asset Value has ranged from 4.90 to 29.50. According to the industry distribution chart, Ciprun Technology Holdings Co ranks #999999 out of 558 companies in the Retail - Cyclical industry.
Is Ciprun Technology Holdings Co's Net Current Asset Value too high?
Ciprun Technology Holdings Co's current Net Current Asset Value is HK$-0.01. Over the past 10 years, this metric has ranged from a low of 4.90 to a high of 29.50. Based on the distribution chart, Ciprun Technology Holdings Co ranks #999999 out of 558 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Ciprun Technology Holdings Co has a GF Score™ of 30/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ciprun Technology Holdings Co's Net Current Asset Value compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Ciprun Technology Holdings Co ranks #999999 out of 558 companies for Net Current Asset Value. This places Ciprun Technology Holdings Co in the lower half of its industry. The industry median Net Current Asset Value is 3.28. Historically, Ciprun Technology Holdings Co's own Net Current Asset Value has ranged from 4.90 to 29.50 over the past decade. 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 3.28, based on 558 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 Ciprun Technology Holdings Co and its competitors. For the Retail - Cyclical industry, the median Net Current Asset Value is 3.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ciprun Technology Holdings Co's current Net Current Asset Value is HK$-0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ciprun Technology Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Ciprun Technology Holdings Co (HKSE:01020) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.05, compared to a current price of HK$0.20 — trading 308% above its estimated fair value. The current Net Current Asset Value is HK$-0.01. Ciprun Technology Holdings Co's overall GF Score™ is 30/100 with 7 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 Ciprun Technology Holdings Co (HKSE:01020), the current Net Current Asset Value is HK$-0.01 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 Ciprun Technology Holdings Co (HKSE:01020) Overvalued in 2026?
Based on GuruFocus' analysis, Ciprun Technology Holdings Co stock appears to be overvalued.
The current stock price of HK$0.20 is trading 308% above its estimated GF Value™ of HK$0.05.
GuruFocus considers Ciprun Technology Holdings Co to be Significantly Overvalued.
Key valuation signals for HKSE:01020:
Net Current Asset Value: HK$-0.01
GF Value™: HK$0.05 vs. price of HK$0.20 (308% above fair value)
No single metric tells the full story. See the HKSE:01020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ciprun Technology Holdings Co Ltd is engaged in the business of money lending and internet businesses (ECommerce & intellectual property-related services). Its segments include Money Lending, Internet business - intellectual property related services, and Internet business - eCommerce and internet education services. The company derives the majority of the revenue from Internet business - e-commerce and internet education services. Geographically, it operates in the People's Republic of China and Hong Kong, from where it derives the majority of revenue.
30GF Score
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