Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
OneForce HoldingsHKSE:01933 -6.79%46 Net Current Asset Value is HK$0.22 as of Mar. 2026, which is 100% below its 10-year median of 0.88. GuruFocus rates HKSE:01933 with a GF Score™ of 46/100 and a GF Value™ of HK$0.08 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 1,752 Software companies, OneForce Holdings ranks better than 92.52% 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).
OneForce Holdings's net current asset value per share for the quarter that ended in Mar. 2026 was HK$0.22.
The historical rank and industry rank for OneForce Holdings's Net Current Asset Value or its related term are showing as below:
HKSE:01933'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.26 Med: 0.88 Max: 1.76
Current: 1.12
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of OneForce Holdings was 1.76. The lowest was 0.26. And the median was 0.88.
HKSE:01933's Price-to-Net-Current-Asset-Value is ranked better than 92.52% of 1752
companies
in the Software industry
Industry Median: 5.04
vs HKSE:01933: 1.12
OneForce Holdings (HKSE:01933) 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.
OneForce Holdings Net Current Asset Value Related Terms
OneForce Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for OneForce Holdings'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:01933 vs IBM, ACN, FISV: Net Current Asset Value Comparison
For the Information Technology Services subindustry, OneForce Holdings'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.
OneForce Holdings Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, OneForce Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where OneForce Holdings'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$0.22 mean?
OneForce Holdings (HKSE:01933) has a Net Current Asset Value of HK$0.22 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 OneForce Holdings and its competitors. This is 75% below median its historical median of 0.88. Over the past decade, OneForce Holdings' Net Current Asset Value has ranged from 0.26 to 1.76. According to the industry distribution chart, OneForce Holdings ranks #131 out of 1752 companies in the Software industry, placing it in the top 7.5%.
Is OneForce Holdings' Net Current Asset Value too high?
OneForce Holdings' current Net Current Asset Value of HK$0.22 is 75% below median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 1.76. Based on the distribution chart, OneForce Holdings ranks #131 out of 1752 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, OneForce Holdings has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does OneForce Holdings' Net Current Asset Value compare to IBM and ACN?
According to the Software industry distribution chart, OneForce Holdings ranks #131 out of 1752 companies for Net Current Asset Value. This places OneForce Holdings in the top 8% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.04. Historically, OneForce Holdings' own Net Current Asset Value has ranged from 0.26 to 1.76 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 Software company?
The median Net Current Asset Value among Software companies is 5.04, based on 1,752 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 OneForce Holdings and its competitors. For the Software industry, the median Net Current Asset Value is 5.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OneForce Holdings's current Net Current Asset Value is HK$0.22, which is 75% below median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OneForce Holdings stock overvalued right now?
Based on GuruFocus' analysis, OneForce Holdings (HKSE:01933) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.08, compared to a current price of HK$0.25 — trading 208.8% above its estimated fair value. The current Net Current Asset Value is HK$0.22, which is 75% below median its 10-year median of 0.88. OneForce Holdings' overall GF Score™ is 46/100 with 12 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 OneForce Holdings (HKSE:01933), the current Net Current Asset Value is HK$0.22 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 OneForce Holdings (HKSE:01933) Overvalued in 2026?
Based on GuruFocus' analysis, OneForce Holdings stock appears to be overvalued.
The current stock price of HK$0.25 is trading 208.8% above its estimated GF Value™ of HK$0.08.
GuruFocus considers OneForce Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01933:
Net Current Asset Value: HK$0.22 (75% below median its 10-year median of 0.88)
GF Value™: HK$0.08 vs. price of HK$0.25 (208.8% above fair value)
No single metric tells the full story. See the HKSE:01933 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
OneForce Holdings Ltd is engaged in the design, implementation, enhancement, and upgrades of software systems and the provision of technical services and hardware for the power grid and distribution companies in the People's Republic of China. Its operating segments include Software and solutions; Technical Services, and Products. The company generates maximum revenue from the Technical services segment which engages in the provision of maintenance services on the software systems sold. Geographically, it operates in the People's Republic of China.
46GF Score
Get the complete analysis for HKSE:01933
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:01933 has been successfully added to your 
