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JBB Builders InternationalHKSE:01903 57 Net Current Asset Value is HK$0.39 as of Dec. 2025, which is 100% below its 10-year median of 2.21. GuruFocus rates HKSE:01903 with a GF Score™ of 57/100 and a GF Value™ of HK$1.00 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,066 Construction companies, JBB Builders International ranks worse than 70.83% 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).
JBB Builders International's net current asset value per share for the quarter that ended in Dec. 2025 was HK$0.39.
The historical rank and industry rank for JBB Builders International's Net Current Asset Value or its related term are showing as below:
HKSE:01903'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.19 Med: 2.21 Max: 6.47
Current: 6.36
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of JBB Builders International was 6.47. The lowest was 1.19. And the median was 2.21.
HKSE:01903's Price-to-Net-Current-Asset-Value is ranked worse than 70.83% of 1066
companies
in the Construction industry
Industry Median: 3.28
vs HKSE:01903: 6.36
JBB Builders International (HKSE:01903) 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.
JBB Builders International Net Current Asset Value Related Terms
JBB Builders International Net Current Asset Value Historical Data
* 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.
JBB Builders International Net Current Asset Value Chart
HKSE:01903 vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, JBB Builders International'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.
JBB Builders International Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, JBB Builders International's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where JBB Builders International'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$0.39 mean?
JBB Builders International (HKSE:01903) has a Net Current Asset Value of HK$0.39 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 JBB Builders International and its competitors. This is 82% below median its historical median of 2.21. Over the past decade, JBB Builders International's Net Current Asset Value has ranged from 1.19 to 6.47. According to the industry distribution chart, JBB Builders International ranks #755 out of 1066 companies in the Construction industry, placing it in the top 70.8%.
Is JBB Builders International's Net Current Asset Value too high?
JBB Builders International's current Net Current Asset Value of HK$0.39 is 82% below median its 10-year median of 2.21. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 6.47. Based on the distribution chart, JBB Builders International ranks #755 out of 1066 companies in the Construction industry, which is below the industry midpoint. Overall, JBB Builders International has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JBB Builders International's Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, JBB Builders International ranks #755 out of 1066 companies for Net Current Asset Value. This places JBB Builders International in the lower half of its industry. The industry median Net Current Asset Value is 3.28. Historically, JBB Builders International's own Net Current Asset Value has ranged from 1.19 to 6.47 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.28, 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 JBB Builders International and its competitors. For the Construction industry, the median Net Current Asset Value is 3.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JBB Builders International's current Net Current Asset Value is HK$0.39, which is 82% below median its own 10-year median of 2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JBB Builders International stock overvalued right now?
Based on GuruFocus' analysis, JBB Builders International (HKSE:01903) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.00, compared to a current price of HK$2.48 — trading 148% above its estimated fair value. The current Net Current Asset Value is HK$0.39, which is 82% below median its 10-year median of 2.21. JBB Builders International's overall GF Score™ is 57/100 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 JBB Builders International (HKSE:01903), the current Net Current Asset Value is HK$0.39 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 JBB Builders International (HKSE:01903) Overvalued in 2026?
Based on GuruFocus' analysis, JBB Builders International stock appears to be overvalued.
The current stock price of HK$2.48 is trading 148% above its estimated GF Value™ of HK$1.00.
GuruFocus considers JBB Builders International to be Significantly Overvalued.
Key valuation signals for HKSE:01903:
Net Current Asset Value: HK$0.39 (82% below median its 10-year median of 2.21)
GF Value™: HK$1.00 vs. price of HK$2.48 (148% above fair value)
No single metric tells the full story. See the HKSE:01903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JBB Builders International Ltd is an established engineering contractor mainly engaged in marine construction services, as well as building and infrastructure services in Malaysia and Singapore. Its business is divided into three types of services: marine construction services, building and infrastructure services, and the trading business of marine gas oil. The marine construction services are further classified into reclamation and related works, and marine transportation, while the building and infrastructure services include general building works for the construction of properties and infrastructure projects. The majority of its revenue comes from marine construction services. Geographically, it derives revenue mainly from Singapore.
57GF 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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