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Lemo Services CoHKSE:02539 +3.27%23 Net Current Asset Value is HK$5.62 as of Dec. 2025. GuruFocus rates HKSE:02539 with a GF Score™ of 23/100. The stock has 1 warning sign investors should review. Among 33 Personal Services companies, Lemo Services Co ranks better than 78.79% 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).
Lemo Services Co's net current asset value per share for the quarter that ended in Dec. 2025 was HK$5.62.
The historical rank and industry rank for Lemo Services Co's Net Current Asset Value or its related term are showing as below:
HKSE:02539'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.56 Med: 6.72 Max: 6.72
Current: 1.66
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Lemo Services Co was 6.72. The lowest was 1.56. And the median was 6.72.
HKSE:02539's Price-to-Net-Current-Asset-Value is ranked better than 78.79% of 33
companies
in the Personal Services industry
Industry Median: 3.41
vs HKSE:02539: 1.66
Lemo Services Co (HKSE:02539) 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.
Lemo Services Co Net Current Asset Value Related Terms
Lemo Services Co Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Lemo Services Co'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.
Lemo Services Co Net Current Asset Value Chart
Lemo Services Co Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Net Current Asset Value
-0.50
-1.05
-0.58
5.62
Lemo Services Co Semi-Annual Data
Dec22
Dec23
Dec24
Dec25
Net Current Asset Value
-0.50
-1.05
-0.58
5.62
HKSE:02539 vs ROL, SCI, HRB: Net Current Asset Value Comparison
For the Personal Services subindustry, Lemo Services 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.
Lemo Services Co Price-to-Net-Current-Asset-Value vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Lemo Services Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Lemo Services 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$5.62 mean?
Lemo Services Co (HKSE:02539) has a Net Current Asset Value of HK$5.62 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 Lemo Services Co and its competitors. According to the industry distribution chart, Lemo Services Co ranks #7 out of 33 companies in the Personal Services industry, placing it in the top 21.2%.
Is Lemo Services Co's Net Current Asset Value too high?
Lemo Services Co's current Net Current Asset Value is HK$5.62. Based on the distribution chart, Lemo Services Co ranks #7 out of 33 companies in the Personal Services industry, which is in the top quartile — a strong position relative to peers. Overall, Lemo Services Co has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Lemo Services Co's Net Current Asset Value compare to ROL and SCI?
According to the Personal Services industry distribution chart, Lemo Services Co ranks #7 out of 33 companies for Net Current Asset Value. This places Lemo Services Co in the top 21% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.41. 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 Personal Services company?
The median Net Current Asset Value among Personal Services companies is 3.41, based on 33 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 Lemo Services Co and its competitors. For the Personal Services industry, the median Net Current Asset Value is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lemo Services Co's current Net Current Asset Value is HK$5.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lemo Services Co stock overvalued right now?
Lemo Services Co (HKSE:02539) has a current Net Current Asset Value of HK$5.62. The current Net Current Asset Value is HK$5.62. Lemo Services Co's overall GF Score™ is 23/100 with 1 warning sign 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 Lemo Services Co (HKSE:02539), the current Net Current Asset Value is HK$5.62 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.
Lemo Services Co Ltd provides massage services performed by its mechanical massage equipment stationed at various points of service in public venues of high foot traffic across China. its segments are comprising Mechanical massage service under Direct Mode, which generates maximum revenue and engages in providing mechanical massage service to customers through its massage equipment located at the POS operated by the Group itself; Mechanical massage POS operation support services under Partner Mode, which engages in providing mechanical massage POS operation support services to Local Partners; and Others, which mainly engages in sales of household massage equipment and massage accessories, The Company generates maximum revenue from Chinese Mainland.
23GF Score
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