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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).
Grand Ming Group Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was HK$-3.73.
The historical rank and industry rank for Grand Ming Group Holdings's Net Current Asset Value or its related term are showing as below:
HKSE:01271's Price-to-Net-Current-Asset-Value is not ranked *
in the Construction industry.
Industry Median: 3.24 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Grand Ming Group Holdings (HKSE:01271) 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.
Grand Ming Group Holdings Net Current Asset Value Related Terms
Grand Ming Group Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Grand Ming Group 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.
Grand Ming Group Holdings Net Current Asset Value Chart
HKSE:01271 vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Grand Ming Group 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.
Grand Ming Group Holdings Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Grand Ming Group Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Grand Ming Group 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$-3.73 mean?
Grand Ming Group Holdings (HKSE:01271) has a Net Current Asset Value of HK$-3.73 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Grand Ming Group Holdings and its competitors. According to the industry distribution chart, Grand Ming Group Holdings ranks #999999 out of 1066 companies in the Construction industry.
Is Grand Ming Group Holdings' Net Current Asset Value too high?
Grand Ming Group Holdings' current Net Current Asset Value is HK$-3.73. Based on the distribution chart, Grand Ming Group Holdings ranks #999999 out of 1066 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Grand Ming Group Holdings has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Grand Ming Group Holdings' Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, Grand Ming Group Holdings ranks #999999 out of 1066 companies for Net Current Asset Value. This places Grand Ming Group Holdings in the lower half of its industry. The industry median Net Current Asset Value is 3.24. 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.24, based on 1,066 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 Grand Ming Group Holdings and its competitors. For the Construction industry, the median Net Current Asset Value is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grand Ming Group Holdings's current Net Current Asset Value is HK$-3.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grand Ming Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Grand Ming Group Holdings (HKSE:01271) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.54, compared to a current price of HK$0.27 — trading 82.5% below its estimated fair value. The current Net Current Asset Value is HK$-3.73. Grand Ming Group Holdings' overall GF Score™ is 46/100 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 Grand Ming Group Holdings (HKSE:01271), the current Net Current Asset Value is HK$-3.73 as of Mar. 2026. 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 Grand Ming Group Holdings (HKSE:01271) Overvalued in 2026?
Based on GuruFocus' analysis, Grand Ming Group Holdings stock appears to be undervalued.
The current stock price of HK$0.27 is trading 82.5% below its estimated GF Value™ of HK$1.54.
GuruFocus considers Grand Ming Group Holdings to be Possible Value Trap.
Key valuation signals for HKSE:01271:
Net Current Asset Value: HK$-3.73
GF Value™: HK$1.54 vs. price of HK$0.27 (82.5% below fair value)
No single metric tells the full story. See the HKSE:01271 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grand Ming Group Holdings Ltd is an investment holding company. Through its subsidiaries, the company is principally engaged in building construction, property leasing, and property development. Its reportable segments are; Construction, which involves constructing residential buildings, commercial buildings, and data centres; Property leasing which engages in the leasing of data centres and commercial shops; and the Property development segment which is involved in the development and sale of properties. Maximum revenue is generated from the Construction segment. Geographically, all of the company's revenue is generated from its customers in Hong Kong.
46GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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