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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).
The historical rank and industry rank for Pou Sheng International (Holdings)'s Net Current Asset Value or its related term are showing as below:
HKSE:03813'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.3 Med: 1.59 Max: 6.31
Current: 0.31
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Pou Sheng International (Holdings) was 6.31. The lowest was 0.30. And the median was 1.59.
HKSE:03813's Price-to-Net-Current-Asset-Value is ranked better than 97.99% of 646
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 3.165
vs HKSE:03813: 0.31
Pou Sheng International (Holdings) (HKSE:03813) 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.
Pou Sheng International (Holdings) Net Current Asset Value Related Terms
Pou Sheng International (Holdings) 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.
Pou Sheng International (Holdings) Net Current Asset Value Chart
HKSE:03813 vs NKE, DECK, ONON: Net Current Asset Value Comparison
For the Footwear & Accessories subindustry, Pou Sheng International (Holdings)'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.
Pou Sheng International (Holdings) Price-to-Net-Current-Asset-Value vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pou Sheng International (Holdings)'s Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Pou Sheng International (Holdings)'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$0.00 mean?
Pou Sheng International (Holdings) (HKSE:03813) has a Net Current Asset Value of HK$0.00 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 Pou Sheng International (Holdings) and its competitors. According to the industry distribution chart, Pou Sheng International (Holdings) ranks #13 out of 646 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 2%.
Is Pou Sheng International (Holdings)'s Net Current Asset Value too high?
Pou Sheng International (Holdings)'s current Net Current Asset Value is HK$0.00. Based on the distribution chart, Pou Sheng International (Holdings) ranks #13 out of 646 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Pou Sheng International (Holdings) has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pou Sheng International (Holdings)'s Net Current Asset Value compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Pou Sheng International (Holdings) ranks #13 out of 646 companies for Net Current Asset Value. This places Pou Sheng International (Holdings) in the top 2% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.17. 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 Manufacturing - Apparel & Accessories company?
The median Net Current Asset Value among Manufacturing - Apparel & Accessories companies is 3.17, based on 646 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 Pou Sheng International (Holdings) and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Net Current Asset Value is 3.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pou Sheng International (Holdings)'s current Net Current Asset Value is HK$0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pou Sheng International (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Pou Sheng International (Holdings) (HKSE:03813) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.52, compared to a current price of HK$0.39 — trading 25% below its estimated fair value. The current Net Current Asset Value is HK$0.00. Pou Sheng International (Holdings)'s overall GF Score™ is 52/100 with 4 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 Pou Sheng International (Holdings) (HKSE:03813), the current Net Current Asset Value is HK$0.00 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.
Is Pou Sheng International (Holdings) (HKSE:03813) Overvalued in 2026?
Based on GuruFocus' analysis, Pou Sheng International (Holdings) stock appears to be undervalued.
The current stock price of HK$0.39 is trading 25% below its estimated GF Value™ of HK$0.52.
GuruFocus considers Pou Sheng International (Holdings) to be Modestly Undervalued.
Key valuation signals for HKSE:03813:
Net Current Asset Value: HK$0.00
GF Value™: HK$0.52 vs. price of HK$0.39 (25% below fair value)
No single metric tells the full story. See the HKSE:03813 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pou Sheng International (Holdings) Ltd is an investment holding company. The principal activities of the group are the distribution and retailing of sportswear and footwear products, the provision of sports services, and the provision of large-scale commercial spaces to retailers and distributors for commissions from concessionaire sales. Its operations are mainly located in the PRC. The company derives maximum revenue from sales of sportswear and footwear products.
52GF Score
Get the complete analysis for HKSE:03813
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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