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Watts International Maritime CoHKSE:02258 +4.76%46 Net Current Asset Value is HK$0.14 as of Dec. 2025, which is 100% below its 10-year median of 2.02. GuruFocus rates HKSE:02258 with a GF Score™ of 46/100 and a GF Value™ of HK$0.21 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,066 Construction companies, Watts International Maritime Co ranks better than 63.6% 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).
The historical rank and industry rank for Watts International Maritime Co's Net Current Asset Value or its related term are showing as below:
HKSE:02258'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.11 Med: 2.02 Max: 16.43
Current: 2.36
During the past 11 years, the highest Price-to-Net-Current-Asset-Value Ratio of Watts International Maritime Co was 16.43. The lowest was 1.11. And the median was 2.02.
HKSE:02258's Price-to-Net-Current-Asset-Value is ranked better than 63.6% of 1066
companies
in the Construction industry
Industry Median: 3.24
vs HKSE:02258: 2.36
Watts International Maritime Co (HKSE:02258) 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.
Watts International Maritime Co Net Current Asset Value Related Terms
Watts International Maritime Co 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.
Watts International Maritime Co Net Current Asset Value Chart
Watts International Maritime Co Net Current Asset Value Competitor Comparison
For the Infrastructure Operations subindustry, Watts International Maritime Co'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.
Watts International Maritime Co Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Watts International Maritime Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Watts International Maritime Co'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$0.14 mean?
Watts International Maritime Co (HKSE:02258) has a Net Current Asset Value of HK$0.14 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 Watts International Maritime Co and its competitors. This is 93% below median its historical median of 2.02. Over the past decade, Watts International Maritime Co's Net Current Asset Value has ranged from 1.11 to 16.43. According to the industry distribution chart, Watts International Maritime Co ranks #388 out of 1066 companies in the Construction industry, placing it in the top 36.4%.
Is Watts International Maritime Co's Net Current Asset Value too high?
Watts International Maritime Co's current Net Current Asset Value of HK$0.14 is 93% below median its 10-year median of 2.02. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 16.43. Based on the distribution chart, Watts International Maritime Co ranks #388 out of 1066 companies in the Construction industry, which is above the industry midpoint. Overall, Watts International Maritime Co has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Watts International Maritime Co's Net Current Asset Value compare to competitors?
According to the Construction industry distribution chart, Watts International Maritime Co ranks #388 out of 1066 companies for Net Current Asset Value. This puts Watts International Maritime Co in the upper half of its industry. The industry median Net Current Asset Value is 3.24. Historically, Watts International Maritime Co's own Net Current Asset Value has ranged from 1.11 to 16.43 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 3.24, 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 Watts International Maritime Co and its competitors. For the Construction industry, the median Net Current Asset Value is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Watts International Maritime Co's current Net Current Asset Value is HK$0.14, which is 93% below median its own 10-year median of 2.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Watts International Maritime Co stock overvalued right now?
Based on GuruFocus' analysis, Watts International Maritime Co (HKSE:02258) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.21, compared to a current price of HK$0.33 — trading 57.1% above its estimated fair value. The current Net Current Asset Value is HK$0.14, which is 93% below median its 10-year median of 2.02. Watts International Maritime Co's overall GF Score™ is 46/100 with 6 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 Watts International Maritime Co (HKSE:02258), the current Net Current Asset Value is HK$0.14 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 Watts International Maritime Co (HKSE:02258) Overvalued in 2026?
Based on GuruFocus' analysis, Watts International Maritime Co stock appears to be overvalued.
The current stock price of HK$0.33 is trading 57.1% above its estimated GF Value™ of HK$0.21.
GuruFocus considers Watts International Maritime Co to be Significantly Overvalued.
Key valuation signals for HKSE:02258:
Net Current Asset Value: HK$0.14 (93% below median its 10-year median of 2.02)
GF Value™: HK$0.21 vs. price of HK$0.33 (57.1% above fair value)
No single metric tells the full story. See the HKSE:02258 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Watts International Maritime Co Ltd is a port, waterway, maritime engineering and municipal public engineering services provider in the PRC and provides services of port infrastructure, waterway engineering, construction of public infrastructure within cities, urban greening and construction of buildings. Its segments include Marine construction, including infrastructure construction of ports, waterway engineering and other services; and Municipal public construction, including construction of public infrastructure within cities, urban greening and construction of buildings.
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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