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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.
Hingtex HoldingsHKSE:01968 46 Net Current Asset Value is HK$0.11 as of Dec. 2025, which is 100% below its 10-year median of 0.63. GuruFocus rates HKSE:01968 with a GF Score™ of 46/100 and a GF Value™ of HK$0.14 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 636 Manufacturing - Apparel & Accessories companies, Hingtex Holdings ranks better than 74.06% 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).
Hingtex Holdings's net current asset value per share for the quarter that ended in Dec. 2025 was HK$0.11.
The historical rank and industry rank for Hingtex Holdings's Net Current Asset Value or its related term are showing as below:
HKSE:01968'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.53 Med: 0.63 Max: 1.5
Current: 1.45
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of Hingtex Holdings was 1.50. The lowest was 0.53. And the median was 0.63.
HKSE:01968's Price-to-Net-Current-Asset-Value is ranked better than 74.06% of 636
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 3.055
vs HKSE:01968: 1.45
Hingtex Holdings (HKSE:01968) 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.
Hingtex Holdings Net Current Asset Value Related Terms
Hingtex Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Hingtex 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.
Hingtex Holdings Net Current Asset Value Competitor Comparison
For the Textile Manufacturing subindustry, Hingtex 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.
Hingtex Holdings Price-to-Net-Current-Asset-Value vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hingtex Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Hingtex 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$0.11 mean?
Hingtex Holdings (HKSE:01968) has a Net Current Asset Value of HK$0.11 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 Hingtex Holdings and its competitors. This is 83% below median its historical median of 0.63. Over the past decade, Hingtex Holdings' Net Current Asset Value has ranged from 0.53 to 1.50. According to the industry distribution chart, Hingtex Holdings ranks #165 out of 636 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 25.9%.
Is Hingtex Holdings' Net Current Asset Value too high?
Hingtex Holdings' current Net Current Asset Value of HK$0.11 is 83% below median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 1.50. Based on the distribution chart, Hingtex Holdings ranks #165 out of 636 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Hingtex Holdings has a GF Score™ of 46/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hingtex Holdings' Net Current Asset Value compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Hingtex Holdings ranks #165 out of 636 companies for Net Current Asset Value. This puts Hingtex Holdings in the upper half of its industry. The industry median Net Current Asset Value is 3.06. Historically, Hingtex Holdings' own Net Current Asset Value has ranged from 0.53 to 1.50 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 Manufacturing - Apparel & Accessories company?
The median Net Current Asset Value among Manufacturing - Apparel & Accessories companies is 3.06, based on 636 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 Hingtex Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Net Current Asset Value is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hingtex Holdings's current Net Current Asset Value is HK$0.11, which is 83% below median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hingtex Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hingtex Holdings (HKSE:01968) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.14, compared to a current price of HK$0.16 — trading 14.3% above its estimated fair value. The current Net Current Asset Value is HK$0.11, which is 83% below median its 10-year median of 0.63. Hingtex Holdings' overall GF Score™ is 46/100 with 5 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 Hingtex Holdings (HKSE:01968), the current Net Current Asset Value is HK$0.11 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 Hingtex Holdings (HKSE:01968) Overvalued in 2026?
Based on GuruFocus' analysis, Hingtex Holdings stock appears to be overvalued.
The current stock price of HK$0.16 is trading 14.3% above its estimated GF Value™ of HK$0.14.
GuruFocus considers Hingtex Holdings to be Modestly Overvalued.
Key valuation signals for HKSE:01968:
Net Current Asset Value: HK$0.11 (83% below median its 10-year median of 0.63)
GF Value™: HK$0.14 vs. price of HK$0.16 (14.3% above fair value)
No single metric tells the full story. See the HKSE:01968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hingtex Holdings Ltd manufactures and sells denim fabric. It sells denim fabrics and yarns directly to customers, which mainly include garment manufacturers. The company's denim fabrics are categorized into three types, namely non-stretchable denim fabrics, stretchable cotton denim fabrics, and stretchable blended denim fabrics. Its operating segments include the Denim fabrics segment and the Property renovation services segment. Geographically, it has a world-wide business presence and derives key revenue from Bangladesh.
46GF 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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