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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
WLS HoldingsHKSE:08021 +4.17%38 Net Current Asset Value is HK$1.20 as of Oct. 2025, which is 100% below its 10-year median of 2.60. GuruFocus rates HKSE:08021 with a GF Score™ of 38/100 and a GF Value™ of HK$0.67 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 277 Credit Services companies, WLS Holdings ranks better than 98.56% 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).
WLS Holdings's net current asset value per share for the quarter that ended in Oct. 2025 was HK$1.20.
The historical rank and industry rank for WLS Holdings's Net Current Asset Value or its related term are showing as below:
HKSE:08021'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.14 Med: 2.6 Max: 5.83
Current: 0.15
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of WLS Holdings was 5.83. The lowest was 0.14. And the median was 2.60.
HKSE:08021's Price-to-Net-Current-Asset-Value is ranked better than 98.56% of 277
companies
in the Credit Services industry
Industry Median: 2.13
vs HKSE:08021: 0.15
WLS Holdings (HKSE:08021) 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.
WLS Holdings Net Current Asset Value Related Terms
WLS Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for WLS Holdings'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.
HKSE:08021 vs V, MA, AXP: Net Current Asset Value Comparison
For the Credit Services subindustry, WLS 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.
WLS Holdings Price-to-Net-Current-Asset-Value vs Credit Services Industry
For the Credit Services industry and Financial Services sector, WLS Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where WLS 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$1.20 mean?
WLS Holdings (HKSE:08021) has a Net Current Asset Value of HK$1.20 as of Oct. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on WLS Holdings and its competitors. This is 54% below median its historical median of 2.60. Over the past decade, WLS Holdings' Net Current Asset Value has ranged from 0.14 to 5.83. According to the industry distribution chart, WLS Holdings ranks #4 out of 277 companies in the Credit Services industry, placing it in the top 1.4%.
Is WLS Holdings' Net Current Asset Value too high?
WLS Holdings' current Net Current Asset Value of HK$1.20 is 54% below median its 10-year median of 2.60. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 5.83. Based on the distribution chart, WLS Holdings ranks #4 out of 277 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, WLS Holdings has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does WLS Holdings' Net Current Asset Value compare to V and MA?
According to the Credit Services industry distribution chart, WLS Holdings ranks #4 out of 277 companies for Net Current Asset Value. This places WLS Holdings in the top 1% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 2.13. Historically, WLS Holdings' own Net Current Asset Value has ranged from 0.14 to 5.83 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 Credit Services company?
The median Net Current Asset Value among Credit Services companies is 2.13, based on 277 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 WLS Holdings and its competitors. For the Credit Services industry, the median Net Current Asset Value is 2.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WLS Holdings's current Net Current Asset Value is HK$1.20, which is 54% below median its own 10-year median of 2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WLS Holdings stock overvalued right now?
Based on GuruFocus' analysis, WLS Holdings (HKSE:08021) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.67, compared to a current price of HK$0.18 — trading 73.9% below its estimated fair value. The current Net Current Asset Value is HK$1.20, which is 54% below median its 10-year median of 2.60. WLS Holdings' overall GF Score™ is 38/100 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 WLS Holdings (HKSE:08021), the current Net Current Asset Value is HK$1.20 as of Oct. 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.
Is WLS Holdings (HKSE:08021) Overvalued in 2026?
Based on GuruFocus' analysis, WLS Holdings stock appears to be undervalued.
The current stock price of HK$0.18 is trading 73.9% below its estimated GF Value™ of HK$0.67.
GuruFocus considers WLS Holdings to be Possible Value Trap.
Key valuation signals for HKSE:08021:
Net Current Asset Value: HK$1.20 (54% below median its 10-year median of 2.60)
GF Value™: HK$0.67 vs. price of HK$0.18 (73.9% below fair value)
No single metric tells the full story. See the HKSE:08021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WLS Holdings Ltd is a Hong Kong-based company engaged in providing construction services. The Group is organized into three operating segments the provision of scaffolding, fittingout and other auxiliary services for construction and buildings work; Money lending business; and Securities investment business. The group generates a majority of the revenue from the Money lending business segment. The Group's operations are located in Hong Kong and all of the Group's revenue were derived from Hong Kong.
38GF 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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