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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.
SingAsia HoldingsHKSE:08293 29 Net Current Asset Value is HK$0.04 as of Jan. 2026, which is 100% below its 10-year median of 11.61. GuruFocus rates HKSE:08293 with a GF Score™ of 29/100 and a GF Value™ of HK$0.03 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 629 Business Services companies, SingAsia Holdings ranks better than 64.23% 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).
SingAsia Holdings's net current asset value per share for the quarter that ended in Jan. 2026 was HK$0.04.
The historical rank and industry rank for SingAsia Holdings's Net Current Asset Value or its related term are showing as below:
HKSE:08293'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.37 Med: 11.61 Max: 579.71
Current: 2.53
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of SingAsia Holdings was 579.71. The lowest was 2.37. And the median was 11.61.
HKSE:08293's Price-to-Net-Current-Asset-Value is ranked better than 64.23% of 629
companies
in the Business Services industry
Industry Median: 3.88
vs HKSE:08293: 2.53
SingAsia Holdings (HKSE:08293) 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.
SingAsia Holdings Net Current Asset Value Related Terms
SingAsia Holdings Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for SingAsia 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:08293 vs KFY, RHI, TNET: Net Current Asset Value Comparison
For the Staffing & Employment Services subindustry, SingAsia 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.
SingAsia Holdings Price-to-Net-Current-Asset-Value vs Business Services Industry
For the Business Services industry and Industrials sector, SingAsia Holdings's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where SingAsia 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$0.04 mean?
SingAsia Holdings (HKSE:08293) has a Net Current Asset Value of HK$0.04 as of Jan. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on SingAsia Holdings and its competitors. This is 100% below median its historical median of 11.61. Over the past decade, SingAsia Holdings' Net Current Asset Value has ranged from 2.37 to 579.71. According to the industry distribution chart, SingAsia Holdings ranks #225 out of 629 companies in the Business Services industry, placing it in the top 35.8%.
Is SingAsia Holdings' Net Current Asset Value too high?
SingAsia Holdings' current Net Current Asset Value of HK$0.04 is 100% below median its 10-year median of 11.61. Over the past 10 years, this metric has ranged from a low of 2.37 to a high of 579.71. Based on the distribution chart, SingAsia Holdings ranks #225 out of 629 companies in the Business Services industry, which is above the industry midpoint. Overall, SingAsia Holdings has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SingAsia Holdings' Net Current Asset Value compare to KFY and RHI?
According to the Business Services industry distribution chart, SingAsia Holdings ranks #225 out of 629 companies for Net Current Asset Value. This puts SingAsia Holdings in the upper half of its industry. The industry median Net Current Asset Value is 3.88. Historically, SingAsia Holdings' own Net Current Asset Value has ranged from 2.37 to 579.71 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 Business Services company?
The median Net Current Asset Value among Business Services companies is 3.88, based on 629 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 SingAsia Holdings and its competitors. For the Business Services industry, the median Net Current Asset Value is 3.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SingAsia Holdings's current Net Current Asset Value is HK$0.04, which is 100% below median its own 10-year median of 11.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SingAsia Holdings stock overvalued right now?
Based on GuruFocus' analysis, SingAsia Holdings (HKSE:08293) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.03, compared to a current price of HK$0.10 — trading 236.7% above its estimated fair value. The current Net Current Asset Value is HK$0.04, which is 100% below median its 10-year median of 11.61. SingAsia Holdings' overall GF Score™ is 29/100 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 SingAsia Holdings (HKSE:08293), the current Net Current Asset Value is HK$0.04 as of Jan. 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.
Is SingAsia Holdings (HKSE:08293) Overvalued in 2026?
Based on GuruFocus' analysis, SingAsia Holdings stock appears to be overvalued.
The current stock price of HK$0.10 is trading 236.7% above its estimated GF Value™ of HK$0.03.
GuruFocus considers SingAsia Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:08293:
Net Current Asset Value: HK$0.04 (100% below median its 10-year median of 11.61)
GF Value™: HK$0.03 vs. price of HK$0.10 (236.7% above fair value)
No single metric tells the full story. See the HKSE:08293 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SingAsia Holdings Ltd provides specialised workforce solutions, offering manpower outsourcing and recruitment services in Singapore, and corporate development and training services in Hong Kong. The Group supports the hotel and resort, retail, food and beverage, and other sectors, including event organisers, facility management, and various industries across Singapore and Hong Kong. Revenue is generated from manpower outsourcing, recruitment, and corporate development and training services, with operations in both markets and maximum revenue from Singapore. The Group also acts as a one-stop workforce solutions provider, helping customers streamline operations through reliable staffing, HR support, and training services.
29GF 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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