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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).
Tasty Concepts Holding's net current asset value per share for the quarter that ended in Sep. 2025 was HK$-0.01.
The historical rank and industry rank for Tasty Concepts Holding's Net Current Asset Value or its related term are showing as below:
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of Tasty Concepts Holding was 45.76. The lowest was 2.37. And the median was 5.94.
HKSE:08096's Price-to-Net-Current-Asset-Value is not ranked *
in the Restaurants industry.
Industry Median: 10.305 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Tasty Concepts Holding (HKSE:08096) 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.
Tasty Concepts Holding Net Current Asset Value Related Terms
Tasty Concepts Holding Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Tasty Concepts Holding'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.
Tasty Concepts Holding Net Current Asset Value Chart
HKSE:08096 vs MCD, SBUX, YUM: Net Current Asset Value Comparison
For the Restaurants subindustry, Tasty Concepts Holding'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.
Tasty Concepts Holding Price-to-Net-Current-Asset-Value vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Tasty Concepts Holding's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Tasty Concepts Holding'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$-0.01 mean?
Tasty Concepts Holding (HKSE:08096) has a Net Current Asset Value of HK$-0.01 as of Sep. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Tasty Concepts Holding and its competitors. Over the past decade, Tasty Concepts Holding's Net Current Asset Value has ranged from 2.37 to 45.76. According to the industry distribution chart, Tasty Concepts Holding ranks #999999 out of 72 companies in the Restaurants industry.
Is Tasty Concepts Holding's Net Current Asset Value too high?
Tasty Concepts Holding's current Net Current Asset Value is HK$-0.01. Over the past 10 years, this metric has ranged from a low of 2.37 to a high of 45.76. Based on the distribution chart, Tasty Concepts Holding ranks #999999 out of 72 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Tasty Concepts Holding has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tasty Concepts Holding's Net Current Asset Value compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Tasty Concepts Holding ranks #999999 out of 72 companies for Net Current Asset Value. This places Tasty Concepts Holding in the lower half of its industry. The industry median Net Current Asset Value is 10.31. Historically, Tasty Concepts Holding's own Net Current Asset Value has ranged from 2.37 to 45.76 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 Restaurants company?
The median Net Current Asset Value among Restaurants companies is 10.31, based on 72 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 Tasty Concepts Holding and its competitors. For the Restaurants industry, the median Net Current Asset Value is 10.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tasty Concepts Holding's current Net Current Asset Value is HK$-0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tasty Concepts Holding stock overvalued right now?
Based on GuruFocus' analysis, Tasty Concepts Holding (HKSE:08096) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.04, compared to a current price of HK$0.12 — trading 207.5% above its estimated fair value. The current Net Current Asset Value is HK$-0.01. Tasty Concepts Holding's overall GF Score™ is 28/100 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 Tasty Concepts Holding (HKSE:08096), the current Net Current Asset Value is HK$-0.01 as of Sep. 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 Tasty Concepts Holding (HKSE:08096) Overvalued in 2026?
Based on GuruFocus' analysis, Tasty Concepts Holding stock appears to be overvalued.
The current stock price of HK$0.12 is trading 207.5% above its estimated GF Value™ of HK$0.04.
GuruFocus considers Tasty Concepts Holding to be Significantly Overvalued.
Key valuation signals for HKSE:08096:
Net Current Asset Value: HK$-0.01
GF Value™: HK$0.04 vs. price of HK$0.12 (207.5% above fair value)
No single metric tells the full story. See the HKSE:08096 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tasty Concepts Holding Ltd is an investment holding company. The group is engaged in the operation of Japanese ramen restaurants in Hong Kong and the PRC. The company derives maximum revenue from Hong Kong. It also earns revenue from the sales of food and related products and royalty fee income from a franchisee which is located in PRC and Macau.
28GF Score
Get the complete analysis for HKSE:08096
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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