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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).
Wai Chi Holdings Co's net current asset value per share for the quarter that ended in Dec. 2025 was HK$1.69.
The historical rank and industry rank for Wai Chi Holdings Co's Net Current Asset Value or its related term are showing as below:
HKSE:01305'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.39 Med: 0.66 Max: 1.59
Current: 0.44
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Wai Chi Holdings Co was 1.59. The lowest was 0.39. And the median was 0.66.
HKSE:01305's Price-to-Net-Current-Asset-Value is ranked better than 98.52% of 1823
companies
in the Hardware industry
Industry Median: 5.22
vs HKSE:01305: 0.44
Wai Chi Holdings Co (HKSE:01305) 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.
Wai Chi Holdings Co Net Current Asset Value Related Terms
Wai Chi Holdings Co Net Current Asset Value Historical Data
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The historical data trend for Wai Chi Holdings Co'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.
HKSE:01305 vs APH, GLW, TEL: Net Current Asset Value Comparison
For the Electronic Components subindustry, Wai Chi 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.
Wai Chi Holdings Co Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Wai Chi Holdings Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Wai Chi 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$1.69 mean?
Wai Chi Holdings Co (HKSE:01305) has a Net Current Asset Value of HK$1.69 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 Wai Chi Holdings Co and its competitors. According to the industry distribution chart, Wai Chi Holdings Co ranks #27 out of 1823 companies in the Hardware industry, placing it in the top 1.5%.
Is Wai Chi Holdings Co's Net Current Asset Value too high?
Wai Chi Holdings Co's current Net Current Asset Value is HK$1.69. Based on the distribution chart, Wai Chi Holdings Co ranks #27 out of 1823 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Wai Chi Holdings Co has a GF Score™ of 84/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Wai Chi Holdings Co's Net Current Asset Value compare to APH and GLW?
According to the Hardware industry distribution chart, Wai Chi Holdings Co ranks #27 out of 1823 companies for Net Current Asset Value. This places Wai Chi Holdings Co in the top 2% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.22. 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.22, based on 1,823 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 Wai Chi Holdings Co and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wai Chi Holdings Co's current Net Current Asset Value is HK$1.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wai Chi Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Wai Chi Holdings Co (HKSE:01305) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.08, compared to a current price of HK$0.75 — trading 31% below its estimated fair value. The current Net Current Asset Value is HK$1.69. Wai Chi Holdings Co's overall GF Score™ is 84/100 with 2 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 Wai Chi Holdings Co (HKSE:01305), the current Net Current Asset Value is HK$1.69 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 Wai Chi Holdings Co (HKSE:01305) Overvalued in 2026?
Based on GuruFocus' analysis, Wai Chi Holdings Co stock appears to be undervalued.
The current stock price of HK$0.75 is trading 31% below its estimated GF Value™ of HK$1.08.
GuruFocus considers Wai Chi Holdings Co to be Possible Value Trap.
Key valuation signals for HKSE:01305:
Net Current Asset Value: HK$1.69
GF Value™: HK$1.08 vs. price of HK$0.75 (31% below fair value)
No single metric tells the full story. See the HKSE:01305 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wai Chi Holdings Co Ltd engages in the manufacturing of light-emitting diode (LED) products for public and commercial use. It operates through the following segments: LED Backlight, LED Lighting, and Semiconductor memory chips. The LED backlight segment engages in the manufacturing and trading of LED backlight products in different sizes and applications. The LED lighting segment engages in the manufacturing and trading of LED lighting products for public and commercial use. The Semiconductor memory chips segment engages in the provision of packaging and testing services and related product sourcing business. Geographically, the company receives maximum revenue from the People's Republic of China.
84GF Score
Get the complete analysis for HKSE:01305
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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