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Modern Innovative Digital Technology CompanyHKSE:02322 Net Current Asset Value is HK$0.07 as of Mar. 2026. The stock has 6 warning signs investors should review. Among 213 Conglomerates companies, Modern Innovative Digital Technology Company ranks better than 90.61% 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).
HKSE:02322'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.84 Med: 4.84 Max: 6.06
Current: 0.87
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Modern Innovative Digital Technology Company was 6.06. The lowest was 0.84. And the median was 4.84.
HKSE:02322's Price-to-Net-Current-Asset-Value is ranked better than 90.61% of 213
companies
in the Conglomerates industry
Industry Median: 4.4
vs HKSE:02322: 0.87
Modern Innovative Digital Technology Company (HKSE:02322) 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.
Modern Innovative Digital Technology Company Net Current Asset Value Related Terms
Modern Innovative Digital Technology Company 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.
Modern Innovative Digital Technology Company Net Current Asset Value Chart
Modern Innovative Digital Technology Company Annual Data
HKSE:02322 vs MMM, HON: Net Current Asset Value Comparison
For the Conglomerates subindustry, Modern Innovative Digital Technology Company'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.
Modern Innovative Digital Technology Company Price-to-Net-Current-Asset-Value vs Conglomerates Industry
* 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$0.07 mean?
Modern Innovative Digital Technology Company (HKSE:02322) has a Net Current Asset Value of HK$0.07 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 Modern Innovative Digital Technology Company and its competitors. According to the industry distribution chart, Modern Innovative Digital Technology Company ranks #20 out of 213 companies in the Conglomerates industry, placing it in the top 9.4%.
Is Modern Innovative Digital Technology Company's Net Current Asset Value too high?
Modern Innovative Digital Technology Company's current Net Current Asset Value is HK$0.07. Based on the distribution chart, Modern Innovative Digital Technology Company ranks #20 out of 213 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers.
How does Modern Innovative Digital Technology Company's Net Current Asset Value compare to MMM and HON?
According to the Conglomerates industry distribution chart, Modern Innovative Digital Technology Company ranks #20 out of 213 companies for Net Current Asset Value. This places Modern Innovative Digital Technology Company in the top 9% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 4.40. 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 Conglomerates company?
The median Net Current Asset Value among Conglomerates companies is 4.40, based on 213 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 Modern Innovative Digital Technology Company and its competitors. For the Conglomerates industry, the median Net Current Asset Value is 4.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modern Innovative Digital Technology Company's current Net Current Asset Value is HK$0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Innovative Digital Technology Company stock overvalued right now?
Based on GuruFocus' analysis, Modern Innovative Digital Technology Company (HKSE:02322) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.18, compared to a current price of HK$0.06 — trading 66.1% below its estimated fair value. The current Net Current Asset Value is HK$0.07. 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 Modern Innovative Digital Technology Company (HKSE:02322), the current Net Current Asset Value is HK$0.07 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.
Modern Innovative Digital Technology Company Ltd formerly, Hong Kong ChaoShang Group Ltd is an investment holding company. It is engaged in Trading, Money lending & factoring segment, Finance leasing, and Finance Services. The trading segment is a key revenue driver, involved in the trading of goods in the PRC and Hong Kong. Money lending includes the provision of loan and factoring financing in Hong Kong and the PRC whereas, the finance leasing segment is engaged in the provision of finance leasing and sale-leaseback in the PRC. The financial services segment engaged in the provision of securities dealing broking, placing, underwriting, margin financing, and asset management services in Hong Kong. Geographically, it generates the majority of its revenue from the PRC.
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