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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).
Voyah Automobile Technology Co's net current asset value per share for the quarter that ended in Dec. 2025 was HK$-2.49.
The historical rank and industry rank for Voyah Automobile Technology Co's Net Current Asset Value or its related term are showing as below:
HKSE:07489's Price-to-Net-Current-Asset-Value is not ranked *
in the Vehicles & Parts industry.
Industry Median: 4.63 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Voyah Automobile Technology Co (HKSE:07489) 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.
Voyah Automobile Technology Co Net Current Asset Value Related Terms
Voyah Automobile Technology Co 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.
Voyah Automobile Technology Co Net Current Asset Value Chart
Voyah Automobile Technology Co Annual Data
Trend
Dec23
Dec24
Dec25
Net Current Asset Value
-1.72
-2.29
-2.49
Voyah Automobile Technology Co Semi-Annual Data
Dec23
Dec24
Dec25
Net Current Asset Value
-1.72
-2.29
-2.49
HKSE:07489 vs TSLA, GM, F: Net Current Asset Value Comparison
For the Auto Manufacturers subindustry, Voyah Automobile Technology 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.
Voyah Automobile Technology Co Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Voyah Automobile Technology Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Voyah Automobile Technology 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$-2.49 mean?
Voyah Automobile Technology Co (HKSE:07489) has a Net Current Asset Value of HK$-2.49 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Voyah Automobile Technology Co and its competitors. According to the industry distribution chart, Voyah Automobile Technology Co ranks #999999 out of 703 companies in the Vehicles & Parts industry.
Is Voyah Automobile Technology Co's Net Current Asset Value too high?
Voyah Automobile Technology Co's current Net Current Asset Value is HK$-2.49. Based on the distribution chart, Voyah Automobile Technology Co ranks #999999 out of 703 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Voyah Automobile Technology Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Voyah Automobile Technology Co's Net Current Asset Value compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Voyah Automobile Technology Co ranks #999999 out of 703 companies for Net Current Asset Value. This places Voyah Automobile Technology Co in the lower half of its industry. The industry median Net Current Asset Value is 4.63. 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 Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 4.63, based on 703 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 Voyah Automobile Technology Co and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Voyah Automobile Technology Co's current Net Current Asset Value is HK$-2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Voyah Automobile Technology Co stock overvalued right now?
Voyah Automobile Technology Co (HKSE:07489) has a current Net Current Asset Value of HK$-2.49. The current Net Current Asset Value is HK$-2.49. Voyah Automobile Technology Co's overall GF Score™ is 12/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Voyah Automobile Technology Co (HKSE:07489), the current Net Current Asset Value is HK$-2.49 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.
Voyah Automobile Technology Co Ltd is an intelligent NEV brand under DFM, one of the Chinese vast central state-owned automobile groups. The group designs, develops, and sells premium NEVs, epitomizing the leap from manufacturing to smart manufacturing among Chinese brands. Drawing on the DFG's automotive manufacturing heritage, it achieves breakthroughs in safety, battery-motor-control systems, and smart technologies. The group focused on the premium segment in China's NEV market. It has launched five NEV series, such as the VOYAH FREE series, a mid-to large-sized SUV; the VOYAH DREAM series, which is a flagship luxury MPV; the VOYAH PASSION series, a flagship sedan; the VOYAH COURAGE series, a mid-sized SUV; and the VOYAH TAISHAN series, a flagship six-seat full-size SUV.
12GF Score
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