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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).
LX Technology Group's net current asset value per share for the quarter that ended in Dec. 2025 was HK$-0.16.
The historical rank and industry rank for LX Technology Group's Net Current Asset Value or its related term are showing as below:
HKSE:02436's Price-to-Net-Current-Asset-Value is not ranked *
in the Hardware industry.
Industry Median: 5.3 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
LX Technology Group (HKSE:02436) 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.
LX Technology Group Net Current Asset Value Related Terms
LX Technology Group Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for LX Technology Group'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.
HKSE:02436 vs DELL, ANET, SNDK: Net Current Asset Value Comparison
For the Computer Hardware subindustry, LX Technology 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.
LX Technology Group Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, LX Technology Group's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where LX Technology 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$-0.16 mean?
LX Technology Group (HKSE:02436) has a Net Current Asset Value of HK$-0.16 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on LX Technology Group and its competitors. According to the industry distribution chart, LX Technology Group ranks #999999 out of 1835 companies in the Hardware industry.
Is LX Technology Group's Net Current Asset Value too high?
LX Technology Group's current Net Current Asset Value is HK$-0.16. Based on the distribution chart, LX Technology Group ranks #999999 out of 1835 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, LX Technology Group has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LX Technology Group's Net Current Asset Value compare to DELL and ANET?
According to the Hardware industry distribution chart, LX Technology Group ranks #999999 out of 1835 companies for Net Current Asset Value. This places LX Technology Group in the lower half of its industry. The industry median Net Current Asset Value is 5.30. 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 Hardware company?
The median Net Current Asset Value among Hardware companies is 5.30, based on 1,835 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 LX Technology Group and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LX Technology Group's current Net Current Asset Value is HK$-0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LX Technology Group stock overvalued right now?
Based on GuruFocus' analysis, LX Technology Group (HKSE:02436) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$6.72, compared to a current price of HK$20.24 — trading 201.2% above its estimated fair value. The current Net Current Asset Value is HK$-0.16. LX Technology Group's overall GF Score™ is 61/100 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 LX Technology Group (HKSE:02436), the current Net Current Asset Value is HK$-0.16 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 LX Technology Group (HKSE:02436) Overvalued in 2026?
Based on GuruFocus' analysis, LX Technology Group stock appears to be overvalued.
The current stock price of HK$20.24 is trading 201.2% above its estimated GF Value™ of HK$6.72.
GuruFocus considers LX Technology Group to be Significantly Overvalued.
Key valuation signals for HKSE:02436:
Net Current Asset Value: HK$-0.16
GF Value™: HK$6.72 vs. price of HK$20.24 (201.2% above fair value)
No single metric tells the full story. See the HKSE:02436 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LX Technology Group Ltd is a device as a service provider in China. It is principally engaged in the sales of refurbished de-commissioned IT devices to, among others, resellers of IT devices, and the provision of the device and IT technical subscription services to SMEs in China. The service line of the company are the Device recycling business, Device subscription services and IT technical subscription services. from which the company earns maximum revenue from the Device recycling business.
61GF Score
Get the complete analysis for HKSE:02436
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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