Beijing UBOX Online Technology (HKSE:02429) Net Current Asset Value: HK$0.73 (As of Dec. 2025) — 93% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

HKSE:02429 Beijing UBOX Online Technology Corp HKSE:02429
31 GF Score
Price HK$2.05
! 2 Warning Signs
View Full Analysis

What is Beijing UBOX Online Technology Net Current Asset Value?

Beijing UBOX Online Technology HKSE:02429 31 Net Current Asset Value is HK$0.73 as of Dec. 2025, which is 100% below its 10-year median of 10.63. GuruFocus rates HKSE:02429 with a GF Score™ of 31/100. The stock has 2 warning signs investors should review. Among 136 Retail - Defensive companies, Beijing UBOX Online Technology ranks better than 55.88% 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).

Beijing UBOX Online Technology's net current asset value per share for the quarter that ended in Dec. 2025 was HK$0.73.

The historical rank and industry rank for Beijing UBOX Online Technology's Net Current Asset Value or its related term are showing as below:

HKSE:02429' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.81   Med: 10.63   Max: 53.31
Current: 2.81

During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of Beijing UBOX Online Technology was 53.31. The lowest was 2.81. And the median was 10.63.

HKSE:02429's Price-to-Net-Current-Asset-Value is ranked better than
55.88% of 136 companies
in the Retail - Defensive industry
Industry Median: 3.225 vs HKSE:02429: 2.81

Beijing UBOX Online Technology  (HKSE:02429) 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 Graham’s 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.


Beijing UBOX Online Technology Net Current Asset Value Related Terms


Beijing UBOX Online Technology Net Current Asset Value Historical Data

* Premium members only.

The historical data trend for Beijing UBOX Online Technology'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.

Beijing UBOX Online Technology Net Current Asset Value Chart

Beijing UBOX Online Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Current Asset Value
Get a 7-Day Free Trial 0.18 -0.03 0.29 0.32 0.73

Beijing UBOX Online Technology Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.29 0.27 0.32 0.51 0.73

HKSE:02429 vs KR: Net Current Asset Value Comparison

For the Grocery Stores subindustry, Beijing UBOX Online Technology'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.


Beijing UBOX Online Technology Price-to-Net-Current-Asset-Value vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Beijing UBOX Online Technology's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Beijing UBOX Online Technology's Price-to-Net-Current-Asset-Value falls into.


HKSE:02429
31GF Score
Beijing UBOX Online Technology Corp HKSE:02429
Net Current Asset Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Beijing UBOX Online Technology Net Current Asset Value Calculation

Beijing UBOX Online Technology's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net Current Asset Value Per Share(A: Dec. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(1337.506-605.93-11.02-0)/988.971
=0.73

Beijing UBOX Online Technology's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2025 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(1337.506-605.93-11.02-0)/988.971
=0.73

* 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$0.73 mean?
Beijing UBOX Online Technology (HKSE:02429) has a Net Current Asset Value of HK$0.73 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 Beijing UBOX Online Technology and its competitors. This is 93% below median its historical median of 10.63. Over the past decade, Beijing UBOX Online Technology's Net Current Asset Value has ranged from 2.81 to 53.31. According to the industry distribution chart, Beijing UBOX Online Technology ranks #60 out of 136 companies in the Retail - Defensive industry, placing it in the top 44.1%.
Is Beijing UBOX Online Technology's Net Current Asset Value too high?
Beijing UBOX Online Technology's current Net Current Asset Value of HK$0.73 is 93% below median its 10-year median of 10.63. Over the past 10 years, this metric has ranged from a low of 2.81 to a high of 53.31. Based on the distribution chart, Beijing UBOX Online Technology ranks #60 out of 136 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Beijing UBOX Online Technology has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Beijing UBOX Online Technology's Net Current Asset Value compare to KR?
According to the Retail - Defensive industry distribution chart, Beijing UBOX Online Technology ranks #60 out of 136 companies for Net Current Asset Value. This puts Beijing UBOX Online Technology in the upper half of its industry. The industry median Net Current Asset Value is 3.23. Historically, Beijing UBOX Online Technology's own Net Current Asset Value has ranged from 2.81 to 53.31 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 Retail - Defensive company?
The median Net Current Asset Value among Retail - Defensive companies is 3.23, based on 136 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 Beijing UBOX Online Technology and its competitors. For the Retail - Defensive industry, the median Net Current Asset Value is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beijing UBOX Online Technology's current Net Current Asset Value is HK$0.73, which is 93% below median its own 10-year median of 10.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing UBOX Online Technology stock overvalued right now?
Beijing UBOX Online Technology (HKSE:02429) has a current Net Current Asset Value of HK$0.73. The current Net Current Asset Value is HK$0.73, which is 93% below median its 10-year median of 10.63. Beijing UBOX Online Technology's overall GF Score™ is 31/100 with 2 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 Beijing UBOX Online Technology (HKSE:02429), the current Net Current Asset Value is HK$0.73 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.

Beijing UBOX Online Technology Business Description

Address West Second Shenyun Road, 4th Floor, Tower A, Tagen Knowledge & Innovation Center, Nanshan, Shenzhen, CHN
Beijing UBOX Online Technology Corp is a vending machine operator in mainland China. It has four segments: Unmanned retail business, Merchandise wholesale, Advertising and system support services, and Others. The key revenue is generated from Unmanned retail business which consists of sales of fast-moving consumer goods such as food and beverage to end customers through a network of vending machines located at the POSs developed by the Group or POSs partners. All of the businesses of the Group are carried out in the PRC.
31GF Score

Get the complete analysis for HKSE:02429

Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$2.05
Price