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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).
The historical rank and industry rank for BoardWare Intelligence Technology's Net Current Asset Value or its related term are showing as below:
HKSE:01204'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.49 Med: 4.92 Max: 6.85
Current: 3.81
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of BoardWare Intelligence Technology was 6.85. The lowest was 2.49. And the median was 4.92.
HKSE:01204's Price-to-Net-Current-Asset-Value is ranked better than 60.55% of 1759
companies
in the Software industry
Industry Median: 5.05
vs HKSE:01204: 3.81
BoardWare Intelligence Technology (HKSE:01204) 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.
BoardWare Intelligence Technology Net Current Asset Value Related Terms
BoardWare Intelligence Technology 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.
BoardWare Intelligence Technology Net Current Asset Value Chart
HKSE:01204 vs IBM, ACN, FISV: Net Current Asset Value Comparison
For the Information Technology Services subindustry, BoardWare Intelligence Technology'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.
BoardWare Intelligence Technology Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, BoardWare Intelligence Technology's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where BoardWare Intelligence Technology'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$0.48 mean?
BoardWare Intelligence Technology (HKSE:01204) has a Net Current Asset Value of HK$0.48 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 BoardWare Intelligence Technology and its competitors. According to the industry distribution chart, BoardWare Intelligence Technology ranks #694 out of 1759 companies in the Software industry, placing it in the top 39.5%.
Is BoardWare Intelligence Technology's Net Current Asset Value too high?
BoardWare Intelligence Technology's current Net Current Asset Value is HK$0.48. Based on the distribution chart, BoardWare Intelligence Technology ranks #694 out of 1759 companies in the Software industry, which is above the industry midpoint. Overall, BoardWare Intelligence Technology has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BoardWare Intelligence Technology's Net Current Asset Value compare to IBM and ACN?
According to the Software industry distribution chart, BoardWare Intelligence Technology ranks #694 out of 1759 companies for Net Current Asset Value. This puts BoardWare Intelligence Technology in the upper half of its industry. The industry median Net Current Asset Value is 5.05. 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 Software company?
The median Net Current Asset Value among Software companies is 5.05, based on 1,759 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 BoardWare Intelligence Technology and its competitors. For the Software industry, the median Net Current Asset Value is 5.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BoardWare Intelligence Technology's current Net Current Asset Value is HK$0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BoardWare Intelligence Technology stock overvalued right now?
Based on GuruFocus' analysis, BoardWare Intelligence Technology (HKSE:01204) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$3.06, compared to a current price of HK$1.83 — trading 40.2% below its estimated fair value. The current Net Current Asset Value is HK$0.48. BoardWare Intelligence Technology's overall GF Score™ is 84/100 with 4 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 BoardWare Intelligence Technology (HKSE:01204), the current Net Current Asset Value is HK$0.48 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 BoardWare Intelligence Technology (HKSE:01204) Overvalued in 2026?
Based on GuruFocus' analysis, BoardWare Intelligence Technology stock appears to be undervalued.
The current stock price of HK$1.83 is trading 40.2% below its estimated GF Value™ of HK$3.06.
GuruFocus considers BoardWare Intelligence Technology to be Significantly Undervalued.
Key valuation signals for HKSE:01204:
Net Current Asset Value: HK$0.48
GF Value™: HK$3.06 vs. price of HK$1.83 (40.2% below fair value)
No single metric tells the full story. See the HKSE:01204 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BoardWare Intelligence Technology Ltd provides reliable, end-to-end and high-quality Enterprise IT solutions. Its IT solutions involve the design, supply, integration, operation, and maintenance of IT systems. The company operates through the Enterprise IT solutions segment and the distribution and resale of hardware and software segment. The Enterprise IT solutions segment includes Professional IT services, Managed services, and IT maintenance and consultancy services. Its business segments include the provision of Enterprise IT solutions, lease income from IT equipment, and distribution and resale of hardware and software. The Group also focuses on IT solutions, AI, cybersecurity, BCI, and engineering intelligence, and generates the majority of its revenue from Macau.
84GF Score
Get the complete analysis for HKSE:01204
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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