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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).
HKSE:06888'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.23 Med: 0.6 Max: 2.03
Current: 0.25
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Freetech Road Recycling Technology (Holdings) was 2.03. The lowest was 0.23. And the median was 0.60.
HKSE:06888's Price-to-Net-Current-Asset-Value is ranked better than 98.61% of 1081
companies
in the Construction industry
Industry Median: 3.37
vs HKSE:06888: 0.25
Freetech Road Recycling Technology (Holdings) (HKSE:06888) 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.
Freetech Road Recycling Technology (Holdings) Net Current Asset Value Related Terms
Freetech Road Recycling Technology (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.
Freetech Road Recycling Technology (Holdings) Net Current Asset Value Chart
Freetech Road Recycling Technology (Holdings) Annual Data
Freetech Road Recycling Technology (Holdings) Net Current Asset Value Competitor Comparison
For the Infrastructure Operations subindustry, Freetech Road Recycling Technology (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.
Freetech Road Recycling Technology (Holdings) Price-to-Net-Current-Asset-Value vs Construction Industry
* 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$0.32 mean?
Freetech Road Recycling Technology (Holdings) (HKSE:06888) has a Net Current Asset Value of HK$0.32 as of Jun. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Freetech Road Recycling Technology (Holdings) and its competitors. According to the industry distribution chart, Freetech Road Recycling Technology (Holdings) ranks #15 out of 1081 companies in the Construction industry, placing it in the top 1.4%.
Is Freetech Road Recycling Technology (Holdings)'s Net Current Asset Value too high?
Freetech Road Recycling Technology (Holdings)'s current Net Current Asset Value is HK$0.32. Based on the distribution chart, Freetech Road Recycling Technology (Holdings) ranks #15 out of 1081 companies in the Construction industry, which is in the top quartile — a strong position relative to peers.
How does Freetech Road Recycling Technology (Holdings)'s Net Current Asset Value compare to competitors?
According to the Construction industry distribution chart, Freetech Road Recycling Technology (Holdings) ranks #15 out of 1081 companies for Net Current Asset Value. This places Freetech Road Recycling Technology (Holdings) in the top 1% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.37. 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.37, based on 1,081 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 Freetech Road Recycling Technology (Holdings) and its competitors. For the Construction industry, the median Net Current Asset Value is 3.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freetech Road Recycling Technology (Holdings)'s current Net Current Asset Value is HK$0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freetech Road Recycling Technology (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Freetech Road Recycling Technology (Holdings) (HKSE:06888) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.07, compared to a current price of HK$0.08 — trading 14.3% above its estimated fair value. The current Net Current Asset Value is HK$0.32. 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 Freetech Road Recycling Technology (Holdings) (HKSE:06888), the current Net Current Asset Value is HK$0.32 as of Jun. 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.
Freetech Road Recycling Technology (Holdings) Ltd is an investment holding company engaged in the manufacturing and sale of road maintenance equipment and the provision of road maintenance services in the People's Republic of China (the PRC). The operating segments of the group are the APM service segment, where it provides APM services under the registered trademark (Road Doctor) to repair damaged asphalt pavement surfaces, and the APM equipment segment, where it manufactures and sells a wide range of APM equipment. It derives the majority of its revenue from APM Services. The company has a business presence in Mainland China and other overseas markets.
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