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Topsports International HoldingsHKSE:06110 +2.94%73 Net Current Asset Value is HK$0.97 as of Feb. 2026, which is 100% below its 10-year median of 7.21. GuruFocus rates HKSE:06110 with a GF Score™ of 73/100 and a GF Value™ of HK$3.19 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 560 Retail - Cyclical companies, Topsports International Holdings ranks better than 79.11% 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).
The historical rank and industry rank for Topsports International Holdings's Net Current Asset Value or its related term are showing as below:
HKSE:06110'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.17 Med: 7.21 Max: 24.26
Current: 1.26
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of Topsports International Holdings was 24.26. The lowest was 1.17. And the median was 7.21.
HKSE:06110's Price-to-Net-Current-Asset-Value is ranked better than 79.11% of 560
companies
in the Retail - Cyclical industry
Industry Median: 3.2
vs HKSE:06110: 1.26
Topsports International Holdings (HKSE:06110) 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.
Topsports International Holdings Net Current Asset Value Related Terms
Topsports 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.
Topsports International Holdings Net Current Asset Value Chart
HKSE:06110 vs TJX, ROST, BURL: Net Current Asset Value Comparison
For the Apparel Retail subindustry, Topsports 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.
Topsports International Holdings Price-to-Net-Current-Asset-Value vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Topsports International Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Topsports 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$0.97 mean?
Topsports International Holdings (HKSE:06110) has a Net Current Asset Value of HK$0.97 as of Feb. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Topsports International Holdings and its competitors. This is 87% below median its historical median of 7.21. Over the past decade, Topsports International Holdings' Net Current Asset Value has ranged from 1.17 to 24.26. According to the industry distribution chart, Topsports International Holdings ranks #117 out of 560 companies in the Retail - Cyclical industry, placing it in the top 20.9%.
Is Topsports International Holdings' Net Current Asset Value too high?
Topsports International Holdings' current Net Current Asset Value of HK$0.97 is 87% below median its 10-year median of 7.21. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 24.26. Based on the distribution chart, Topsports International Holdings ranks #117 out of 560 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Topsports International Holdings has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Topsports International Holdings' Net Current Asset Value compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Topsports International Holdings ranks #117 out of 560 companies for Net Current Asset Value. This places Topsports International Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.20. Historically, Topsports International Holdings' own Net Current Asset Value has ranged from 1.17 to 24.26 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 - Cyclical company?
The median Net Current Asset Value among Retail - Cyclical companies is 3.20, based on 560 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 Topsports International Holdings and its competitors. For the Retail - Cyclical industry, the median Net Current Asset Value is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topsports International Holdings's current Net Current Asset Value is HK$0.97, which is 87% below median its own 10-year median of 7.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topsports International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Topsports International Holdings (HKSE:06110) is currently considered Possible Value Trap. The stock's GF Value™ is HK$3.19, compared to a current price of HK$1.23 — trading 61.6% below its estimated fair value. The current Net Current Asset Value is HK$0.97, which is 87% below median its 10-year median of 7.21. Topsports International Holdings' overall GF Score™ is 73/100 with 5 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 Topsports International Holdings (HKSE:06110), the current Net Current Asset Value is HK$0.97 as of Feb. 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 Topsports International Holdings (HKSE:06110) Overvalued in 2026?
Based on GuruFocus' analysis, Topsports International Holdings stock appears to be undervalued.
The current stock price of HK$1.23 is trading 61.6% below its estimated GF Value™ of HK$3.19.
GuruFocus considers Topsports International Holdings to be Possible Value Trap.
Key valuation signals for HKSE:06110:
Net Current Asset Value: HK$0.97 (87% below median its 10-year median of 7.21)
GF Value™: HK$3.19 vs. price of HK$1.23 (61.6% below fair value)
No single metric tells the full story. See the HKSE:06110 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Topsports is the largest sportswear retailer in China, generating the majority of its revenue from selling products of international sportswear brands. The business operates as an intermediary between brand owners and consumers. The firm operates more than 4,000 stores directly as of the end of fiscal 2026, and most of these single-brand stores have been opened under the names of sportswear brands that it partners with, such as Nike and Adidas. Topsports also has partnerships with sportswear brands such as Puma, Li-Ning, Asics, and The North Face. While most of Topsports' sales take place in stores, the firm also operates online shops under the Topsports brand on major e-commerce platforms such as Alibaba and JD.com.
73GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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