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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).
Kinetic Development Group's net current asset value per share for the quarter that ended in Jun. 2026 was HK$-0.46.
The historical rank and industry rank for Kinetic Development Group'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 Kinetic Development Group was 18.75. The lowest was 2.08. And the median was 4.00.
HKSE:01277's Price-to-Net-Current-Asset-Value is not ranked *
in the Other Energy Sources industry.
Industry Median: 5.32 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Kinetic Development Group (HKSE:01277) 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.
Kinetic Development Group Net Current Asset Value Related Terms
Kinetic Development Group Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Kinetic Development Group'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.
Kinetic Development Group Net Current Asset Value Chart
Kinetic Development Group Net Current Asset Value Competitor Comparison
For the Thermal Coal subindustry, Kinetic Development Group'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.
Kinetic Development Group Price-to-Net-Current-Asset-Value vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Kinetic Development Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kinetic Development Group'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$-0.46 mean?
Kinetic Development Group (HKSE:01277) has a Net Current Asset Value of HK$-0.46 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Kinetic Development Group and its competitors. According to the industry distribution chart, Kinetic Development Group ranks #999999 out of 79 companies in the Other Energy Sources industry.
Is Kinetic Development Group's Net Current Asset Value too high?
Kinetic Development Group's current Net Current Asset Value is HK$-0.46. Based on the distribution chart, Kinetic Development Group ranks #999999 out of 79 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Kinetic Development Group has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinetic Development Group's Net Current Asset Value compare to competitors?
According to the Other Energy Sources industry distribution chart, Kinetic Development Group ranks #999999 out of 79 companies for Net Current Asset Value. This places Kinetic Development Group in the lower half of its industry. The industry median Net Current Asset Value is 5.32. 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 an Other Energy Sources company?
The median Net Current Asset Value among Other Energy Sources companies is 5.32, based on 79 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 Kinetic Development Group and its competitors. For the Other Energy Sources industry, the median Net Current Asset Value is 5.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kinetic Development Group's current Net Current Asset Value is HK$-0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinetic Development Group stock overvalued right now?
Based on GuruFocus' analysis, Kinetic Development Group (HKSE:01277) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.28, compared to a current price of HK$2.04 — trading 59% above its estimated fair value. The current Net Current Asset Value is HK$-0.46. Kinetic Development Group's overall GF Score™ is 85/100 with 9 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 Kinetic Development Group (HKSE:01277), the current Net Current Asset Value is HK$-0.46 as of Jun. 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 Kinetic Development Group (HKSE:01277) Overvalued in 2026?
Based on GuruFocus' analysis, Kinetic Development Group stock appears to be overvalued.
The current stock price of HK$2.04 is trading 59% above its estimated GF Value™ of HK$1.28.
GuruFocus considers Kinetic Development Group to be Significantly Overvalued.
Key valuation signals for HKSE:01277:
Net Current Asset Value: HK$-0.46
GF Value™: HK$1.28 vs. price of HK$2.04 (59% above fair value)
No single metric tells the full story. See the HKSE:01277 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinetic Development Group Ltd is engaged in the extraction and sales of coal products. It also operates in other activities, which include coal production and washing, coal loading and transportation, and coal trading. Its customer base includes large-scale state-owned enterprises, trading firms, and terminal power plants. The company focuses on the development and operation of the Dafanpu Coal Mine situated in Erdos City, the Xiaojia loading station, and its associated rail spur lines. The reportable segments of the company are the coal mining segment, the real estate and property management segment, and the other segment, which mainly includes agriculture and animal husbandry, and the cigar and tobacco.
85GF Score
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