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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
DL Holdings GroupHKSE:01709 +5.83%55 Net Current Asset Value is HK$0.20 as of Mar. 2026, which is 100% below its 10-year median of 14.62. GuruFocus rates HKSE:01709 with a GF Score™ of 55/100 and a GF Value™ of HK$5.02 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 201 Diversified Financial Services companies, DL Holdings Group ranks worse than 63.18% 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).
DL Holdings Group's net current asset value per share for the quarter that ended in Mar. 2026 was HK$0.20.
The historical rank and industry rank for DL Holdings Group's Net Current Asset Value or its related term are showing as below:
HKSE:01709'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.82 Med: 14.62 Max: 155.88
Current: 5.45
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of DL Holdings Group was 155.88. The lowest was 4.82. And the median was 14.62.
HKSE:01709's Price-to-Net-Current-Asset-Value is ranked worse than 63.18% of 201
companies
in the Diversified Financial Services industry
Industry Median: 2.75
vs HKSE:01709: 5.45
DL Holdings Group (HKSE:01709) 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.
DL Holdings Group Net Current Asset Value Related Terms
DL Holdings Group Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for DL Holdings 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.
HKSE:01709 vs FRHC, VOYA: Net Current Asset Value Comparison
For the Financial Conglomerates subindustry, DL Holdings 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.
DL Holdings Group Price-to-Net-Current-Asset-Value vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, DL Holdings Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where DL Holdings 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$0.20 mean?
DL Holdings Group (HKSE:01709) has a Net Current Asset Value of HK$0.20 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 DL Holdings Group and its competitors. This is 99% below median its historical median of 14.62. Over the past decade, DL Holdings Group's Net Current Asset Value has ranged from 4.82 to 155.88. According to the industry distribution chart, DL Holdings Group ranks #127 out of 201 companies in the Diversified Financial Services industry, placing it in the top 63.2%.
Is DL Holdings Group's Net Current Asset Value too high?
DL Holdings Group's current Net Current Asset Value of HK$0.20 is 99% below median its 10-year median of 14.62. Over the past 10 years, this metric has ranged from a low of 4.82 to a high of 155.88. Based on the distribution chart, DL Holdings Group ranks #127 out of 201 companies in the Diversified Financial Services industry, which is below the industry midpoint. Overall, DL Holdings Group has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DL Holdings Group's Net Current Asset Value compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, DL Holdings Group ranks #127 out of 201 companies for Net Current Asset Value. This places DL Holdings Group in the lower half of its industry. The industry median Net Current Asset Value is 2.75. Historically, DL Holdings Group's own Net Current Asset Value has ranged from 4.82 to 155.88 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 Diversified Financial Services company?
The median Net Current Asset Value among Diversified Financial Services companies is 2.75, based on 201 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 DL Holdings Group and its competitors. For the Diversified Financial Services industry, the median Net Current Asset Value is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DL Holdings Group's current Net Current Asset Value is HK$0.20, which is 99% below median its own 10-year median of 14.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DL Holdings Group stock overvalued right now?
Based on GuruFocus' analysis, DL Holdings Group (HKSE:01709) is currently considered Possible Value Trap. The stock's GF Value™ is HK$5.02, compared to a current price of HK$1.09 — trading 78.3% below its estimated fair value. The current Net Current Asset Value is HK$0.20, which is 99% below median its 10-year median of 14.62. DL Holdings Group's overall GF Score™ is 55/100 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 DL Holdings Group (HKSE:01709), the current Net Current Asset Value is HK$0.20 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 DL Holdings Group (HKSE:01709) Overvalued in 2026?
Based on GuruFocus' analysis, DL Holdings Group stock appears to be undervalued.
The current stock price of HK$1.09 is trading 78.3% below its estimated GF Value™ of HK$5.02.
GuruFocus considers DL Holdings Group to be Possible Value Trap.
Key valuation signals for HKSE:01709:
Net Current Asset Value: HK$0.20 (99% below median its 10-year median of 14.62)
GF Value™: HK$5.02 vs. price of HK$1.09 (78.3% below fair value)
No single metric tells the full story. See the HKSE:01709 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DL Holdings Group Ltd is an investment holding company. It operates in given segments that include Sales of apparel products, Financial services of the licensed business, Family office services business, Money lending services and Enterprise solutions services, Sales of apparel products. The company generates the majority of its revenue from Financial services which include the provision of financial advisory services; securities research services; securities trading and brokerage services; margin financing services; referral services; and investment management and advisory services to the customers.
55GF Score
Get the complete analysis for HKSE:01709
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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