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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:08018'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.4 Med: 0.62 Max: 11.19
Current: 0.78
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Finsoft Financial Investment Holdings was 11.19. The lowest was 0.40. And the median was 0.62.
HKSE:08018's Price-to-Net-Current-Asset-Value is ranked better than 95.85% of 1759
companies
in the Software industry
Industry Median: 5.05
vs HKSE:08018: 0.78
Finsoft Financial Investment Holdings (HKSE:08018) 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.
Finsoft Financial Investment Holdings Net Current Asset Value Related Terms
Finsoft Financial Investment 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.
Finsoft Financial Investment Holdings Net Current Asset Value Chart
HKSE:08018 vs QH, SHOP, UBER: Net Current Asset Value Comparison
For the Software - Application subindustry, Finsoft Financial Investment 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.
Finsoft Financial Investment Holdings Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, Finsoft Financial Investment Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Finsoft Financial Investment 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$0.05 mean?
Finsoft Financial Investment Holdings (HKSE:08018) has a Net Current Asset Value of HK$0.05 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 Finsoft Financial Investment Holdings and its competitors. According to the industry distribution chart, Finsoft Financial Investment Holdings ranks #73 out of 1759 companies in the Software industry, placing it in the top 4.2%.
Is Finsoft Financial Investment Holdings' Net Current Asset Value too high?
Finsoft Financial Investment Holdings' current Net Current Asset Value is HK$0.05. Based on the distribution chart, Finsoft Financial Investment Holdings ranks #73 out of 1759 companies in the Software industry, which is in the top quartile — a strong position relative to peers.
How does Finsoft Financial Investment Holdings' Net Current Asset Value compare to QH and SHOP?
According to the Software industry distribution chart, Finsoft Financial Investment Holdings ranks #73 out of 1759 companies for Net Current Asset Value. This places Finsoft Financial Investment Holdings in the top 4% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.05. 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 Software company?
The median Net Current Asset Value among Software companies is 5.05, based on 1,759 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 Finsoft Financial Investment Holdings and its competitors. For the Software industry, the median Net Current Asset Value is 5.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Finsoft Financial Investment Holdings's current Net Current Asset Value is HK$0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finsoft Financial Investment Holdings stock overvalued right now?
Based on GuruFocus' analysis, Finsoft Financial Investment Holdings (HKSE:08018) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.02, compared to a current price of HK$0.04 — trading 95% above its estimated fair value. The current Net Current Asset Value is HK$0.05. 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 Finsoft Financial Investment Holdings (HKSE:08018), the current Net Current Asset Value is HK$0.05 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.
Finsoft Financial Investment Holdings Ltd is an investment holding company, principally engaged in the provision of financial trading software solutions, provision of other IT and internet financial platforms services, money lending business and asset investments in Hong Kong. The company has five operating segments: a) Financial trading software solutions: development, sale and provision of financial trading software solutions, b) Other IT and internet financial platforms services: provision of e-commerce platforms, other online consultancy services and provision of IT services, c) Money lending - provision of loan financing, d) Assets investments trading of listed securities; and e) Others. The majority of revenue is derived from the financial trading software solutions segment.
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