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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).
Winson Holdings Hong Kong's net current asset value per share for the quarter that ended in Mar. 2026 was HK$0.19.
The historical rank and industry rank for Winson Holdings Hong Kong's Net Current Asset Value or its related term are showing as below:
HKSE:06812'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.61 Med: 1.54 Max: 4
Current: 1.32
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of Winson Holdings Hong Kong was 4.00. The lowest was 0.61. And the median was 1.54.
HKSE:06812's Price-to-Net-Current-Asset-Value is ranked better than 86.46% of 96
companies
in the Waste Management industry
Industry Median: 3.94
vs HKSE:06812: 1.32
Winson Holdings Hong Kong (HKSE:06812) 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.
Winson Holdings Hong Kong Net Current Asset Value Related Terms
Winson Holdings Hong Kong Net Current Asset Value Historical Data
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The historical data trend for Winson Holdings Hong Kong'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.
Winson Holdings Hong Kong Net Current Asset Value Chart
HKSE:06812 vs WM, RSG, WCN: Net Current Asset Value Comparison
For the Waste Management subindustry, Winson Holdings Hong Kong'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.
Winson Holdings Hong Kong Price-to-Net-Current-Asset-Value vs Waste Management Industry
For the Waste Management industry and Industrials sector, Winson Holdings Hong Kong's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Winson Holdings Hong Kong'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$0.19 mean?
Winson Holdings Hong Kong (HKSE:06812) has a Net Current Asset Value of HK$0.19 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 Winson Holdings Hong Kong and its competitors. According to the industry distribution chart, Winson Holdings Hong Kong ranks #13 out of 96 companies in the Waste Management industry, placing it in the top 13.5%.
Is Winson Holdings Hong Kong's Net Current Asset Value too high?
Winson Holdings Hong Kong's current Net Current Asset Value is HK$0.19. Based on the distribution chart, Winson Holdings Hong Kong ranks #13 out of 96 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Winson Holdings Hong Kong has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Winson Holdings Hong Kong's Net Current Asset Value compare to WM and RSG?
According to the Waste Management industry distribution chart, Winson Holdings Hong Kong ranks #13 out of 96 companies for Net Current Asset Value. This places Winson Holdings Hong Kong in the top 14% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.94. 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 Waste Management company?
The median Net Current Asset Value among Waste Management companies is 3.94, based on 96 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 Winson Holdings Hong Kong and its competitors. For the Waste Management industry, the median Net Current Asset Value is 3.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Winson Holdings Hong Kong's current Net Current Asset Value is HK$0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Winson Holdings Hong Kong stock overvalued right now?
Based on GuruFocus' analysis, Winson Holdings Hong Kong (HKSE:06812) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.22, compared to a current price of HK$0.25 — trading 13.6% above its estimated fair value. The current Net Current Asset Value is HK$0.19. Winson Holdings Hong Kong's overall GF Score™ is 59/100 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 Winson Holdings Hong Kong (HKSE:06812), the current Net Current Asset Value is HK$0.19 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 Winson Holdings Hong Kong (HKSE:06812) Overvalued in 2026?
Based on GuruFocus' analysis, Winson Holdings Hong Kong stock appears to be overvalued.
The current stock price of HK$0.25 is trading 13.6% above its estimated GF Value™ of HK$0.22.
GuruFocus considers Winson Holdings Hong Kong to be Modestly Overvalued.
Key valuation signals for HKSE:06812:
Net Current Asset Value: HK$0.19
GF Value™: HK$0.22 vs. price of HK$0.25 (13.6% above fair value)
No single metric tells the full story. See the HKSE:06812 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Winson Holdings Hong Kong Ltd is an investment holding company. Along with its subsidiaries, it is engaged in providing environmental hygiene and related services and airline catering support services in Hong Kong. The group's reportable segments are Environmental hygiene and related services and airline catering support services. The majority of its revenue is generated from the Environmental hygiene and related services segment, which offers robotic cleaning, pest management, disinfection, and other related services. Geographically, it generates maximum revenue from Hong Kong and the rest from Macau.
59GF Score
Get the complete analysis for HKSE:06812
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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