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Dragon MiningHKSE:01712 73 Net Current Asset Value is HK$3.59 as of Jun. 2026. GuruFocus rates HKSE:01712 with a GF Score™ of 73/100 and a GF Value™ of HK$5.52 (Significantly Overvalued). Among 1,375 Metals & Mining companies, Dragon Mining ranks better than 87.13% 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).
Dragon Mining's net current asset value per share for the quarter that ended in Jun. 2026 was HK$3.59.
The historical rank and industry rank for Dragon Mining's Net Current Asset Value or its related term are showing as below:
HKSE:01712'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.23 Med: 9.35 Max: 347
Current: 2.07
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Dragon Mining was 347.00. The lowest was 1.23. And the median was 9.35.
HKSE:01712's Price-to-Net-Current-Asset-Value is ranked better than 87.13% of 1375
companies
in the Metals & Mining industry
Industry Median: 7.13
vs HKSE:01712: 2.07
Dragon Mining (HKSE:01712) 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.
Dragon Mining Net Current Asset Value Related Terms
Dragon Mining Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Dragon Mining'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:01712 vs NEM, AU, RGLD: Net Current Asset Value Comparison
For the Gold subindustry, Dragon Mining'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.
Dragon Mining Price-to-Net-Current-Asset-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Dragon Mining's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Dragon Mining'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$3.59 mean?
Dragon Mining (HKSE:01712) has a Net Current Asset Value of HK$3.59 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 Dragon Mining and its competitors. According to the industry distribution chart, Dragon Mining ranks #177 out of 1375 companies in the Metals & Mining industry, placing it in the top 12.9%.
Is Dragon Mining's Net Current Asset Value too high?
Dragon Mining's current Net Current Asset Value is HK$3.59. Based on the distribution chart, Dragon Mining ranks #177 out of 1375 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Dragon Mining has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dragon Mining's Net Current Asset Value compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Dragon Mining ranks #177 out of 1375 companies for Net Current Asset Value. This places Dragon Mining in the top 13% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 7.13. 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 Metals & Mining company?
The median Net Current Asset Value among Metals & Mining companies is 7.13, based on 1,375 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 Dragon Mining and its competitors. For the Metals & Mining industry, the median Net Current Asset Value is 7.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dragon Mining's current Net Current Asset Value is HK$3.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dragon Mining stock overvalued right now?
Based on GuruFocus' analysis, Dragon Mining (HKSE:01712) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$5.52, compared to a current price of HK$7.44 — trading 34.8% above its estimated fair value. The current Net Current Asset Value is HK$3.59. Dragon Mining's overall GF Score™ is 73/100. 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 Dragon Mining (HKSE:01712), the current Net Current Asset Value is HK$3.59 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 Dragon Mining (HKSE:01712) Overvalued in 2026?
Based on GuruFocus' analysis, Dragon Mining stock appears to be overvalued.
The current stock price of HK$7.44 is trading 34.8% above its estimated GF Value™ of HK$5.52.
GuruFocus considers Dragon Mining to be Significantly Overvalued.
Key valuation signals for HKSE:01712:
Net Current Asset Value: HK$3.59
GF Value™: HK$5.52 vs. price of HK$7.44 (34.8% above fair value)
No single metric tells the full story. See the HKSE:01712 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dragon Mining Ltd is principally engaged in gold exploration, mining, and processing in the Nordic region. The company's segments include Sweden that produces gold bullion from the processing of Vammala flotation concentrate and a toll treatment arrangement at the Svartliden Production Centre; and Finland produces gold concentrate from the Vammala Production Centre. It derives the majority of the revenue from Sweden segment. Its project portfolio includes Jokisivu Gold Mine, Kaapelinkulma Gold Mine, Orivesi Gold Mine, Uunimaki Gold Project, Faboliden Gold Mine, and Svartliden Gold Mine.
73GF Score
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