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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.
Crystal International GroupHKSE:02232 +1.05%95 Net Current Asset Value is HK$1.72 as of Dec. 2025, which is 100% below its 10-year median of 2.94. GuruFocus rates HKSE:02232 with a GF Score™ of 95/100 and a GF Value™ of HK$4.94 (Modestly Overvalued). Among 633 Manufacturing - Apparel & Accessories companies, Crystal International Group ranks worse than 54.98% 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).
Crystal International Group's net current asset value per share for the quarter that ended in Dec. 2025 was HK$1.72.
The historical rank and industry rank for Crystal International Group's Net Current Asset Value or its related term are showing as below:
HKSE:02232'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.78 Med: 2.94 Max: 29.08
Current: 3.34
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of Crystal International Group was 29.08. The lowest was 1.78. And the median was 2.94.
HKSE:02232's Price-to-Net-Current-Asset-Value is ranked worse than 54.98% of 633
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.91
vs HKSE:02232: 3.34
Crystal International Group (HKSE:02232) 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.
Crystal International Group Net Current Asset Value Related Terms
Crystal International Group 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.
Crystal International Group Net Current Asset Value Chart
HKSE:02232 vs RL, LEVI, VFC: Net Current Asset Value Comparison
For the Apparel Manufacturing subindustry, Crystal International 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.
Crystal International Group Price-to-Net-Current-Asset-Value vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Crystal International Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Crystal International 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$1.72 mean?
Crystal International Group (HKSE:02232) has a Net Current Asset Value of HK$1.72 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 Crystal International Group and its competitors. This is 41% below median its historical median of 2.94. Over the past decade, Crystal International Group's Net Current Asset Value has ranged from 1.78 to 29.08. According to the industry distribution chart, Crystal International Group ranks #348 out of 633 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 55%.
Is Crystal International Group's Net Current Asset Value too high?
Crystal International Group's current Net Current Asset Value of HK$1.72 is 41% below median its 10-year median of 2.94. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 29.08. Based on the distribution chart, Crystal International Group ranks #348 out of 633 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Crystal International Group has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Crystal International Group's Net Current Asset Value compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Crystal International Group ranks #348 out of 633 companies for Net Current Asset Value. This places Crystal International Group in the lower half of its industry. The industry median Net Current Asset Value is 2.91. Historically, Crystal International Group's own Net Current Asset Value has ranged from 1.78 to 29.08 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 2.91, based on 633 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 Crystal International Group and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Net Current Asset Value is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Crystal International Group's current Net Current Asset Value is HK$1.72, which is 41% below median its own 10-year median of 2.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Crystal International Group stock overvalued right now?
Based on GuruFocus' analysis, Crystal International Group (HKSE:02232) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$4.94, compared to a current price of HK$5.75 — trading 16.4% above its estimated fair value. The current Net Current Asset Value is HK$1.72, which is 41% below median its 10-year median of 2.94. Crystal International Group's overall GF Score™ is 95/100. 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 Crystal International Group (HKSE:02232), the current Net Current Asset Value is HK$1.72 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 Crystal International Group (HKSE:02232) Overvalued in 2026?
Based on GuruFocus' analysis, Crystal International Group stock appears to be overvalued.
The current stock price of HK$5.75 is trading 16.4% above its estimated GF Value™ of HK$4.94.
GuruFocus considers Crystal International Group to be Modestly Overvalued.
Key valuation signals for HKSE:02232:
Net Current Asset Value: HK$1.72 (41% below median its 10-year median of 2.94)
GF Value™: HK$4.94 vs. price of HK$5.75 (16.4% above fair value)
No single metric tells the full story. See the HKSE:02232 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Crystal International Group Ltd is principally engaged in the manufacturing and trading of garments. The operating segments of the company include Lifestyle wear, Denim, Intimate, Sweater, Sportswear, and Outdoor Apparel. It generates a majority of its revenue from Lifestyle wear. Geographically, it generates the majority of revenue from the Asia Pacific, which includes Japan, PRC, and South Korea.
95GF Score
Get the complete analysis for HKSE:02232
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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