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MECOM Power and ConstructionHKSE:01183 65 Net Current Asset Value is HK$0.01 as of Dec. 2025, which is 100% below its 10-year median of 12.40. GuruFocus rates HKSE:01183 with a GF Score™ of 65/100 and a GF Value™ of HK$0.23 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 366 Steel companies, MECOM Power and Construction ranks worse than 86.61% 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).
MECOM Power and Construction'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 MECOM Power and Construction's Net Current Asset Value or its related term are showing as below:
HKSE:01183'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.14 Med: 12.4 Max: 18.76
Current: 13.5
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of MECOM Power and Construction was 18.76. The lowest was 3.14. And the median was 12.40.
HKSE:01183's Price-to-Net-Current-Asset-Value is ranked worse than 86.61% of 366
companies
in the Steel industry
Industry Median: 3.005
vs HKSE:01183: 13.50
MECOM Power and Construction (HKSE:01183) 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.
MECOM Power and Construction Net Current Asset Value Related Terms
MECOM Power and Construction 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.
MECOM Power and Construction Net Current Asset Value Chart
HKSE:01183 vs NUE, STLD, RS: Net Current Asset Value Comparison
For the Steel subindustry, MECOM Power and Construction'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.
MECOM Power and Construction Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, MECOM Power and Construction's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where MECOM Power and Construction'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?
MECOM Power and Construction (HKSE:01183) 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 MECOM Power and Construction and its competitors. This is 100% below median its historical median of 12.40. Over the past decade, MECOM Power and Construction's Net Current Asset Value has ranged from 3.14 to 18.76. According to the industry distribution chart, MECOM Power and Construction ranks #317 out of 366 companies in the Steel industry, placing it in the top 86.6%.
Is MECOM Power and Construction's Net Current Asset Value too high?
MECOM Power and Construction's current Net Current Asset Value of HK$0.01 is 100% below median its 10-year median of 12.40. Over the past 10 years, this metric has ranged from a low of 3.14 to a high of 18.76. Based on the distribution chart, MECOM Power and Construction ranks #317 out of 366 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, MECOM Power and Construction has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MECOM Power and Construction's Net Current Asset Value compare to NUE and STLD?
According to the Steel industry distribution chart, MECOM Power and Construction ranks #317 out of 366 companies for Net Current Asset Value. This places MECOM Power and Construction in the lower half of its industry. The industry median Net Current Asset Value is 3.01. Historically, MECOM Power and Construction's own Net Current Asset Value has ranged from 3.14 to 18.76 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 Steel company?
The median Net Current Asset Value among Steel companies is 3.01, based on 366 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 MECOM Power and Construction and its competitors. For the Steel industry, the median Net Current Asset Value is 3.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MECOM Power and Construction's current Net Current Asset Value is HK$0.01, which is 100% below median its own 10-year median of 12.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MECOM Power and Construction stock overvalued right now?
Based on GuruFocus' analysis, MECOM Power and Construction (HKSE:01183) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$0.23, compared to a current price of HK$0.14 — trading 41.3% below its estimated fair value. The current Net Current Asset Value is HK$0.01, which is 100% below median its 10-year median of 12.40. MECOM Power and Construction's overall GF Score™ is 65/100 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 MECOM Power and Construction (HKSE:01183), 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 MECOM Power and Construction (HKSE:01183) Overvalued in 2026?
Based on GuruFocus' analysis, MECOM Power and Construction stock appears to be undervalued.
The current stock price of HK$0.14 is trading 41.3% below its estimated GF Value™ of HK$0.23.
GuruFocus considers MECOM Power and Construction to be Significantly Undervalued.
Key valuation signals for HKSE:01183:
Net Current Asset Value: HK$0.01 (100% below median its 10-year median of 12.40)
GF Value™: HK$0.23 vs. price of HK$0.14 (41.3% below fair value)
No single metric tells the full story. See the HKSE:01183 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MECOM Power and Construction Ltd is a construction company engaged in construction of power substation and structural steelworks. Its scope covers steel structures business, including research and development and sales of new construction materials; construction business, including construction and fitting out works, high voltage power substation construction and its system installation works, E&M engineering services works, facilities management and operation and maintenance services, construction, operation and maintenance of data centres; and electric vehicles related services. Its segments are: Construction business, Electric vehicles business, and Intelligent manufacturing business. It derives maximum revenue from Intelligent manufacturing business.
65GF Score
Get the complete analysis for HKSE:01183
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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